Market Share, Growth and Forecast – Stillwater Current
According to the latest report of the IMARC group, entitled “India Animal Health Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026“The Indian animal health market is expected to show moderate growth during the period 2021-2026.
Animal health involves regular monitoring and provision of adequate care for pets or livestock. It includes the development of food additives, pharmaceuticals, veterinary drugs, pesticides and biologicals. In addition, animal health services also ensure a constant food supply and prevent various zoonotic diseases, such as feline leukemia, animal flu, tick infestation and Lyme disease, caused by viruses, parasites and bacteria.
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The increasing prevalence of zoonotic diseases and a significant growth in the veterinary pharmaceutical industry are mainly driving the Indian animal health market. In addition, the growing integration of IoT into animal health monitoring solutions, along with the increasing use of mobile sensors and wearable devices to monitor animal behavior and health, are driving the market. In addition, the increasing adoption of feed additives, which help improve overall animal health while improving the quality of products including milk, eggs and meat, further catalyzes the growth of the market. In addition, the Indian government is undertaking extensive R&D activities in the field of animal health to raise awareness of disease control and provide effective treatments. All the above mentioned factors will continue to propel the Indian animal health market during the forecast period.
Note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
Bayer, Boehringer Ingelheim Animal Health, Cargill, Merck, Ceva Animal Health, Elanco, Merial, Virbac
For more information on this report, visit: https://bit.ly/2QdFwIa
The report has segmented the market on the basis of animal type, product type, distribution channel, and region.
Market breakdown by animal type
Market breakdown by product type
1 Antibacterial / Antibiotic
2 Anti-Chronic Respiratory
4 dewormers / anthelmintics
7 Fly-Binder / Control
8 Growth promoters
9 Gut health (also includes probiotics, prebiotics)
10 Liver Tonics
11 nutritional supplements
12 Toxin binders / Immunomodulators / Mold inhibitors
14 Vitamins / Minerals / Amino Acids
Market breakdown by distribution channel
1 Veterinary Hospitals
2 Veterinary Clinics
3 Pharmacies and pharmacies
Market breakdown by region
1 Uttar Pradesh
3 Madhya Pradesh
5 Andhra Pradesh
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