The global cattle healthcare market was $2.41 billion in 2016, and is estimated to reach $3.66 billion, at a CAGR of 7.23 % by 2022.
Factors like rapid growth in population, urbanization, and increasing per capita income especially in emerging countries are driving the market. Added to this, regulations on food safety, increasing production of beef are also driving the market. Moreover, spreading of diseases through cattle is also emphasizing on the cattle healthcare. However factors like not having awareness on diseases, lack of incentives for professionals are restraining the market.
The industry is witnessing mergers and acquisitions of companies in the recent pact. In July 2015, EU has approved the acquisition of Elivia,France by Terrena and Dawn Meats. Major players in the industry include Zoetis, Elanco, Boehringher Ingelheim, Merck, Bayer, Heska Corporation, Bioniche animal health, Ceva, and others. The competition is fierce for generic products especially in Europe and in certain emerging markets since there is no single well capitalized company focusing on generic animal health products.
Key Topics Covered:
1. Research Methodology
2. Market Overview
3. Market Dynamics
Increase in consumption
Demand for Food safety
Increasing production of beef
Lack of awareness on diseases
5. Cattle Healthcare market Segmentation, Forecasts and Trends - by Revenue