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Global Animal Health Market Report: 2011 Edition
Koncept Analytics, Dec 2011, Pages: 40
Animal health is generally related to providing a quality life to the animals. Mainly, the animal health market includes products like vaccines, antibiotics, anthelmintics, antifungals, parasiticides, and medical feed additives, which help in improving the overall quality of life of the animals. The year 2009 marked a decline in the continuously increasing animal health market, as a result of trimmed expenditure by the people on animals due to the negative impact of recessionary conditions. But with the stabilization of the global economic conditions, the market also got stabilized.
There are many ways to categorize the animal health market. One way is to categorize on the basis of species of animals, companion or livestock. The food producing animals hold a major share in the global market as a result of increase in the demand for animal proteins. Another way is to categorize the market on the basis of products used, and the three major sub segments in this category include pharmaceuticals, biologics and medicinal feed additives. Pharmaceuticals, including the parasiticides, anti-infectives and other pharmaceuticals represent the largest category, followed by biological or vaccines. Among all the segments, biologicals (or vaccines) and antiparasitics are likely to drive the animal health market in the coming years. The future increase in the vaccines market is mainly due to the positive approach towards preventive treatment rather than curative one.
Regionally, the global animal health care market is dominated by the Americas and Europe. Together the two regions hold more than three-fourth of the global market.
In the years to come, the animal health market worldwide is expected to grow further. One major reason for this expected increase is the closer relationship between the pets and their owners. In fact, more and more the owners treat their pets as their family members and try to provide them with all the facilities. Also, with the increasing global population, the demand for food is set to increase. With the limited arable land, the livestock animals can prove out to be important sources of maintaining food security. All these factors would lead to an increasing use of animal health products. Another major factor driving the animal health market includes preventing the spread of zoonotic diseases, i.e. those having their origination in the animals.
The global animal health market is consolidated with top ten players controlling majority share of the market. In fact, the consolidation is likely to intensify further in the coming years.
REPORT DESCRIPTION
The report analyzes the global animal health market, with focus on its segments. It also analyzes some of the major regional markets, including the US, the UK, Australia and Brazil. The report entitled “Global Animal Health Market: 2011 Edition” describes the major drivers and issues being experienced by the animal health market worldwide. The report profiles the top four players in the global animal health market, along with their business strategies.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, the future growth of the industry has been predicted. Various significant variables that have an impact on this industry and created regression models with SPSS Base have been employed to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Also available
Global Animal Health Market Report: 2010 Edition
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