(PharmaNewsWire.Com, January 19, 2017 ) According to the report North America Veterinary Healthcare Market, published by Market Data Forecast, North America market is projected to reach USD 10.73 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021. United states is likely to hold its current position as the market leader in the foreseeable future.
Veterinary healthcare is the science involved with the diagnosis, prevention and treatment of the disease covering a broad variety of species both in wild and domestic animals. The increasing prevalence of the livestock as the livelihood of most of the rural population has gained significance for Animal healthcare witnessing increasing demand in the recent years. Protein rich food for animals is mainly driven by the stable economies and rising livestock population especially.
The veterinary healthcare market in North America is also favoured by the fewer hurdles pertaining to the approval of animal health and rising awareness of animal health. Increasing love for pets has also contributed majorly for the veterinary healthcare market alongside the rising foodborne diseases. However, the increasing regulations on antibodies coupled with the rising costs of animal testing are likely to restrain the market growth to some extent.
North America veterinary healthcare market study offers the following deliverables: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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