SELBYVILLE, Del., April 20, 2021 /PRNewswire/ — According to the latest report “Animal Healthcare Market by Product (Pharmaceuticals {Drugs, Vaccines, Medicated Feed Additives}, Medical Devices, Veterinary Services), Animal Type (Livestock Animals, Companion Animals), Distribution Channel (Pharmacies, Online, Distributors), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027”, by Global Market Insights Inc., the market valuation of animal healthcare will cross $190 billion by 2027.
There is a sharp rise in the acceptance of online pharmacies as the preferred mode for getting veterinary medicines. Supportive government policies which promote the adoption of companion animals is further fueling the market growth. Availability of advanced products, feed additives, vaccination drives, pet insurance programs also supports the market expansion. Additional advantages such as demand for pet hotels, pet grooming parlors, pet restaurants in developed countries also contribute to uplifting the industry demand. Strict guidelines for livestock animals (both milch and meat-focused) regarding hygiene, increasing number of animal shelter homes in countries including India helps to augment the animal healthcare market value in a positive manner.
