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Classified in: Health, Covid-19 virus
Subjects: ANW, MRR

Farm Animal Healthcare Global Market Report 2022: Sector to Reach $23.83 Billion by 2026 at a 6.5% CAGR


DUBLIN, Jan. 10, 2023 /PRNewswire/ -- The "Farm Animal Healthcare Global Market Report 2022: Ukraine-Russia War Impact" report has been added to  ResearchAndMarkets.com's offering.

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The global farm animal healthcare market is expected to grow from $16.97 billion in 2021 to $18.52 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The poultry vaccines market is expected to reach $23.83 billion in 2026 at a CAGR of 6.5%.

North America was the largest region in the farm animal healthcare market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the farm animal healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increase in livestock is expected to drive the growth of the farm animal healthcare market going forward. Livestock refers to agricultural animals that are housed, reared, and used by people, such as cows, horses, and pigs. The need for farm animal healthcare services grows along with the increase of livestock since these services help protect animals from illnesses including swine flu and avian flu, which can also infect humans, workers, and veterinarians. For instance, according to a report published by the US Department of Agriculture in 2022, India's national herd of cattle increased from 1.2 million in 2021 to 306.7 million in 2022. Therefore, the growing livestock population will propel the farm animal healthcare market.

Rapid developments in technology have emerged as a key trend gaining popularity in the farm animal healthcare market. Major companies in the farm animal healthcare sector are focused on developing new technologies to meet consumer demand and strengthen their position. For instance, in January 2020, Boehringer Ingelheim, a Germany-based pharmaceutical company, launched the VAXXITEK HVT+IBD+ND vaccine based on trojan horse vaccine technology to protect poultry from three types of diseases. This vaccine technology is similar to a trojan horse in that it protects against disease by employing a non-pathogenic substance as a vector to carry pathogen-protective genes VAXXITEK HVT+IBD+ND builds a solid immune foundation and provides enhanced protection against marek's disease, infectious bursal disease (classic and variant kinds), and newcastle disease.

In April 2020, Heska Corporation, a US-based advanced veterinary diagnostic and specialty products company, acquired Scil Animal Care Company for $110 million. Through this acquisition, Heska Corporation aimed to expand the company with veterinarians and point-of-care analyzers to serve companion animals. Scil Animal Care Company is a US-based company that specializes in animal health laboratories and imaging diagnostic products and services.

Reasons to Purchase

Scope
Markets Covered:

1) By Product: Vaccines; Parasiticides; Anti-Infectives; Medical Feed Additives; Other Products
2) By Application: Cattle; Swine; Poultry; Fish; Sheep
3) By End User: Reference Laboratories; Point-of-care Testing or In-House Testing; Veterinary Hospitals and Clinics; Other End Users

Key Topics Covered:

1. Executive Summary

2. Farm Animal Healthcare Market Characteristics

3. Farm Animal Healthcare Market Trends And Strategies

4. Farm Animal Healthcare Market - Macro Economic Scenario

5. Farm Animal Healthcare Market Size And Growth

6. Farm Animal Healthcare Market Segmentation

7. Farm Animal Healthcare Market Regional And Country Analysis

8. Asia-Pacific Farm Animal Healthcare Market

9. China Farm Animal Healthcare Market

10. India Farm Animal Healthcare Market

11. Japan Farm Animal Healthcare Market

12. Australia Farm Animal Healthcare Market

13. Indonesia Farm Animal Healthcare Market

14. South Korea Farm Animal Healthcare Market

15. Western Europe Farm Animal Healthcare Market

16. UK Farm Animal Healthcare Market

17. Germany Farm Animal Healthcare Market

18. France Farm Animal Healthcare Market

19. Eastern Europe Farm Animal Healthcare Market

20. Russia Farm Animal Healthcare Market

21. North America Farm Animal Healthcare Market

22. USA Farm Animal Healthcare Market

23. South America Farm Animal Healthcare Market

24. Brazil Farm Animal Healthcare Market

25. Middle East Farm Animal Healthcare Market

26. Africa Farm Animal Healthcare Market

27. Farm Animal Healthcare Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Farm Animal Healthcare Market

29. Farm Animal Healthcare Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/i9ubh0

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SOURCE Research and Markets


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