Veterinary Healthcare Global Market Grows At Rate Of 15% Through 2021

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Global Veterinary Medicine Market Report 2021: COVID-19 Impact And Recovery

Business Research Company Global Veterinary Medicine Market Report 2021: Impact And Recovery From COVID-19

LONDON, GREATER LONDON, UK, Nov 16, 2021 / – According to new market research report, “Veterinary Healthcare Global Market Report 2021: COVID-19 Impact And Recovery,” published by The Business Research Company, the Veterinarian It Is Expected that the market will grow from $ 127.69 billion in 2020 to $ 147.18 billion in 2021 with an average annual growth rate (CAGR) of 15.3%. The growth is mainly due to companies reorganizing their operations and recovering from the effects of COVID-19, which previously resulted in restrictive containment measures involving social distancing, remote working and the closure of commercial activities that created operational challenges. The market is expected to hit $ 182.68 billion at a CAGR of 6% in 2025. Global meat production is expected to increase over the forecast period, which will support the growth of the veterinary health market.

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The veterinary medicine market encompasses the sale of veterinary medicine goods and services by companies (organizations, sole proprietorships, and partnerships) related to the diagnosis, treatment, and prevention of animal diseases. This industry includes institutions providing veterinary services, manufacturers of veterinary equipment, and manufacturers of veterinary medicines.

Trends in the global veterinary market
Nanotechnology is becoming increasingly important in the veterinary market as a replacement for veterinary antibiotics to combat antibiotic resistance. Nanotechnology is the study of controlling matter on an atomic and molecular level. Nanotechnology in the veterinary industry is used to improve diagnosis, treatment, animal growth promotion and production. Nanoparticles are mainly used as alternative antimicrobial agents to reduce the use of antibiotics and improve the detection of pathogenic bacteria. They are also used as drug delivery agents for new drugs and vaccine candidates to improve their properties and performance, and to reduce drug resistance in animal organisms.

Global Veterinary Medicine Market Segments:
The global veterinary medicine market is further subdivided:
By Type: Veterinary Services, Veterinary Equipment, Veterinary Medicine
By species: livestock, companion animals
Subsegments Covered: Veterinary Clinics and Clinics, Veterinary Laboratory Examination Services, Veterinary Diagnostic Equipment, Veterinary Anesthesia Equipment, Veterinary Patient Monitoring Equipment, Other Veterinary Equipment, Veterinary Drugs, Feed Additives
By Geography: The global Veterinary Medicine Market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East, and Africa. Among these regions, the North American veterinary market has the largest share of the global veterinary market.

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Veterinary Healthcare Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides overviews of the global Veterinary Medicine Market, analysis and forecast of the market size and growth for the global Veterinary Medicine Market, Global Veterinary Medicine Market Share, and forecast The global veterinary medicine market is offered by market participants, global market segments and regions of veterinary medicine, sales, profiles, and market shares of the leading competitors in veterinary medicine. The global Veterinary Medicine market report identifies top countries and segments for opportunity and strategies based on market trends and the approaches of leading competitors.

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Data segmentations: market size, global, by region and by country; Historical and forecast size and growth rates for the world, 7 regions and 12 countries

Market organizations covered for veterinary medicine: Bayer AG, Boehringer Ingelheim GmbH, Cargill Inc., Ceva Santé Animale, Eli Lilly and Company.

Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, Great Britain, USA.

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The Business Research Company has published over 1000 industry reports covering over 2500 market segments and 60 regions. The reports draw on 150,000 records, extensive desk research and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on different markets.

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Here is a list of reports from The Business Research Company similar to the Veterinary Healthcare Global Market Report 2021:

Veterinary Pharmaceuticals Market: Opportunities and Strategies – Global Forecast to 2030

Global Veterinary Devices Market Report 2021: Impact And Recovery From COVID-19

Global Veterinary Antibiotics Market Report 2021: Impact And Recovery From COVID-19 antibiotics global market report

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November 16, 2021 10:21 GMT

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