Market Analysis
Alejandro De la Parra Solomon
Abstract
Now days the global Animal Health market is increasing predominantly and there is no doubt that the market will increase nearly 5 billion USD from 2017-2022, enhancing at a CAGR of more than 3.5% during the forecast time. This growth in the global market will be evidence to raising awareness of Animal health among pet owners and animal farmers, which is main reason to better and safe animal care. Increasing risks of zoonotic diseases have also increased the pharmaceutical sectors to invent and develop highly advanced vaccines for animals along with implementation of highly nutrient food and supplements for animals which may also increase the health and immune of the animals, which in turn is enhancing the Animal health market. However the risk of zoonotic disease among animals is increasing, The Global Health Organization is taking several steps to prevent the spread of zoonotic diseases. Awareness program are performed by various organizations by educating people about the risk of zoonotic diseases. Many veterinary clinics, veterinary hospitals, and research institutes are conducting diagnostics on pet animals and livestock to identify the spread of such diseases and found that the market for animal health diagnostics will grow over 1 billion USD by 2022.