Expansion of Animal Healthcare Facilities and Launch of Online Animal Healthcare Platforms to Augment Growth of Animal Healthcare Market

 

Animal Healthcare Market

Expansion of animal healthcare facilities is expected to propel to growth of the animal healthcare market. For instance, in February 2021, DCC (Dogs Cats & Companions) Animal Hospital, announced to launch of multi-specialty animal hospitals in India. Moreover, launch of products is also expected to aid in growth of the market. For instance, in February 2021, Neogen Corporation relaunched its ThyroKare (levothyroxine sodium tablets), USP, which are approved by the FDA for replacement therapy for diminished thyroid function in dogs.

Launch of online animal healthcare platforms is expected to offer lucrative growth opportunities for players in the global animal healthcare market. For instance, in January 2021, Premier Vet Alliance, a veterinary group, launched a new online platform for practice clients to sign up for pet health care plans safely during the pandemic. Moreover, launch of venture capital funds dedicated to digital health is also expected to aid in growth of the market. For instance, in February 2021, Healthcare Ventures LLC, a science venture capital firm, launched a venture capital fund that is dedicated to digital health.

Among regions, North America is expected to witness significant growth in animal healthcare market, owing to increasing consumption of meat, milk, and other animal byproducts. For instance, the USDA National Agricultural Statistics Service (NASS) estimated November 2019 U.S. milk production at 17.440 billion pounds, 0.5 percent higher than November 2018.

The animal healthcare market is witnessing several M&A activities. For instance, in May 2020, Carlyle, a private equity firm, agreed to acquire up to 74% of animal healthcare company SeQuent Scientific Ltd for US$ 210 million. The market is also witnessing adoption of telemedicine services for companion animals. For instance, in April 2020, Sanchu Animal Hospital, an animal hospital in India, launched its 24/7 telemedicine service exclusively for pet animals.

Competitive Analysis

Major players operating in the global animal healthcare market include, Bayer AG, Boehringer Ingelheim GmbH, Cargill, Inc., Ceva Santé Animale, Eli Lilly and Company, Koninklijke DSM N.V., Merck & Co., Inc., Novartis AG, Nutreco N.V., Phibro Animal Health Corporation, Sanofi S.A., SeQuent Scientific Ltd., Virbac S.A., Neogen Corporation, Vétoquinol S.A., and Zoetis Inc.

Major players operating in the global animal healthcare market are focused on adopting various marketing strategies to enhance their market share. For instance, in February 2021, Phibro Animal Health Corporation announced to participate in the Barclays Virtual Global Healthcare Conference.

Comments

Post a Comment

Popular posts from this blog

Bourbon Whiskey Is the Most Popular Whiskey in America and In Many Other Countries around the World

Image
  Whiskey or single malt whiskey is simply a form of distilled beverage made by distilling alcohol from grain mash or even by blending both. Different grains are utilized for different types, such as corn, barley, rye, and wheat. In Scotland, they call their whiskey black tea, a lighter caramel scotch, Irish cream, and liqueur. Whichever form is utilized, the result is usually a flavorful and smooth drink that has a distinct taste, and many people prefer a whiskey with a lower alcohol content. For example, single malt whiskey is the least expensive. The highest price however is the least distilled; that is Bourbon whiskey. Bourbon whiskey is the most popular whiskey in America and in many other countries around the world. Its price range is very wide, starting from as low as about US$ 12 a bottle to over a hundred dollars. So the price definitely varies. Whichever class you belong to, there is always a whiskey that will suit your preference. Single malt scotch whiskey is made ...
Read more

Viral Vectors And Plasmid DNA Manufacturing Market Is Gaining Major Traction With Oxford Biomedica Plc Entering Into A 3-Year Agreement With Boehringer Ingelheim For The Manufacture And Supply Of Various Types Of Viral Vectors

Image
  Viral Vectors are proteins that have been discovered to be essential for the spread of various viruses and infectious agents. These proteins can cause serious health risks if they are improperly introduced or if a wrong agent is used to fight them off. Viral vectors have often been used in various gene therapy procedures with the ultimate objective of curing various ailments in the biological fields of neurology, gene therapy, cancer, and metabolic disorder. Clinical studies regarding viral vectors remain one of the key factors in the manufacturing of viral vectors. Plasmids are used to deliver DNA contain genes for antibiotic resistance. In fact, scientists have developed many uses of plasmids and created software to record the DNA sequences of plasmids for applications in various techniques. Thus, such continuous R&D activities can potentially stimulate growth of the viral vectors and plasmid DNA manufacturing market . Recently, in April 2021, Oxford Biomedica plc entered...
Read more

Hard Surface Flooring Market Is Expected To Witness Robust Growth As Mohawk Industries Introduces Newly Imagined 30,000-Square Foot Floor Space At The International Surface Event (TISE)

Image
  There are many reasons why people choose hard surface floors over other types of flooring. Hard surfaces offer a level of durability and are very aesthetically pleasing. Unfortunately, choosing this type of flooring can be confusing and costly. There are four main hard surface varieties namely vinyl plank, laminate, solid hardwood, and engineered wood. Each has their own style strengths and provide different advantages. Increasing population coupled with rapid urbanization is expected to drive growth of the global hard surface flooring market . According to the United Nations (UN), by 2050, around 68% of the global population is expected to live in urban areas, increasing from 55% in 2018. According to the same source, in 2018, around 4.2 billion people were living in urban areas, increasing from 751 million in 1950. Furthermore, according to the World Bank, in 2019, the global population reached 7.674 billion, increasing from 6.84 billion in 2009. As a result of this, building...
Read more