The global animal health market size is expected to reach USD 64.6 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 5.5% during the forecast period. Rapid technological advancements in veterinary care are likely to provide an upthrust to the market. For instance, MediLabSecure, a laboratory network project, was initiated with an aim of identifying emerging viruses and pathogens in 19 countries in the Mediterranean regions. In addition, emergence of veterinary health information systems, specifically in developed economies, is poised to help the market gain significant momentum over the coming years.
With the help of these systems, data generated in veterinary clinics can be uploaded on the internet, which can be further shared with other researchers and clinicians. Incorporation of this technology will facilitate real-time analysis of fluctuations in disease prevalence. As a consequence of aforementioned factors, it is projected that there will be remarkable improvement in the overall penetration rate of animal health products, which is also anticipated to spur the growth of the market. Full Research Report On Global Animal Health Market Analysis: www.grandviewresearch.com/industry-analysis/animal-health-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/pharmaceuticals Grand View Research has segmented the global animal health market on the basis of animal type, product, distribution channel, end use, and region: Animal Health Animal Type Outlook (Revenue, USD Million, 2014 - 2025)
www.grandviewresearch.com/press-release/global-animal-health-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For more information: www.grandviewresearch.com
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