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Animal Health Market Size, Trends, Industry Report and Forecast 2021-2026 – KSU


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According to the latest report by IMARC Group, titled
“Animal Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global animal health market reached a value of US$ 48.1 Billion in 2020. On account of these factors, the Animal Health Market value is projected to strong growth during 2021-2026. Animal health is one of the most prominent factors that influence the overall productivity of farmers. Regular monitoring of animal health helps in ensuring a safe food supply and preventing the outbreak of various zoonotic diseases. Some of these diseases include feline leukemia, Lyme disease, and tick infestation. The concept of animal health involves the development and production of veterinary drug products that are required to be approved for marketing as well as tested for human toxicology, environmental impacts, and residue levels. These medicines are broadly categorized as pesticides, pharmaceuticals and biologics. ....

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Veterinary Active Pharmaceutical Ingredients Manufacturing Market Size Worth $10.4 Billion By 2028: Grand View Research, Inc.


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to reach USD 10.4 billion by 2028, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 6.9% from 2021 to 2028. The increasing prevalence of chronic diseases in animals and growing concerns among pet owners are the key contributors to the market growth.
Key suggestions from the report:
The contract outsourcing service type accounted for the largest revenue share of over 58% in 2020 owing to associated benefits with its usage
The growing number of outsourcing activities by pharmaceutical companies is expected to boost the segment growth
Chemical-based API synthesis type dominated the market in 2020. This can be attributed to its high usage by many major manufacturing companies ....

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