New York, NY, April 22, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Animal Health Market By Animal Type (Companion and Production), By Product (Diagnostics, Feed Additives, Pharmaceuticals, Vaccines, and Others), By Distribution Channel (E-commerce, Retail, and Hospital Pharmacy), By End-Use (Reference Laboratories, Veterinary Hospitals & Clinics, Point-Of-Care Testing/In-House Testing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026”.
“According to the research report, the global Animal Health Market was estimated at USD 48.56 Billion in 2019 and is expected to reach USD 87.07 Billion by 2026. The global Animal Health Market is expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2019 to 2026”.
Animal Health Market: Key Market Insights Overview
A huge increase in global consumption of protein food, as well as an increase in the incidence of zoonotic and food-borne diseases, is driving the market. Companies have been spurred to develop new vaccines and pharmaceuticals as a result of the exponential increase in disease prevalence. As a result of the high demand, there has been a rise in the number of companies making consistent efforts to manage pathogen contamination threats and food-borne diseases, which is helping to drive market growth. Furthermore, the overall demand is expected to be influenced by the increasing number of government…