Category

Veterinary Services Market - Forecasts From 2019 To 2024

106 pages
Published on : Aug 2019
Report Code : KSI061612814

Description

Veterinary Services is expected to have a significant market growth driven by the growing consumption of meat and livestock-based products, rising adoption of pet animals and support from the government. Veterinary services help in the implementation of guidelines regarding food safety issued by regulatory authorities. These services are essential for the treatment of animals against a plethora of diseases. However, lack of awareness regarding animal health in developing economies is expected to be a restraint for market growth. By animal, cattle is expected to have a considerable market share owing to the considerable adoption of these services for the proper treatment of these commercial animals. By geography, North America is expected to have a significant market share due to the growing consumption of livestock-based products.

DRIVERS

Growing consumption of meat and livestock-based products

Supportive government practices

RESTRAINT

Lack of awareness regarding animal health in developing economies

INDUSTRY UPDATE

In November 2018, Mars Petcare, part of Mars Incorporated, completed the acquisition of AniCura.

In August 2019, Elanco Animal Health Incorporated acquired Montreal based Prevtec Microbia Inc. a biotechnology start-up specializing in the development of vaccines that help prevent bacterial diseases in food animals

SEGMENTATION

The veterinary services market has been analyzed through the following segments:

By service type

Artificial Insemination

Diagnostic services

Reproductive consulting

Vaccination

Others

By animal

Cattle

Poultry

Swine

Dog

Cat

Others

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others

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