Introduction
Animal treatment
is the treatment that an animal receives and is covered by various terms such
as animal care, animal husbandry, and humane treatment. It is a crucial concern
and encompasses their physical, psychological, and emotional well-being. Animal
treatment is important due to various animals across the globe are suffering
from being used for entertainment, food, medicine, fashion, scientific
advancement, and as exotic pets. Further, the various advantages of the
industry include ethical considerations, improved human health, conservation of
biodiversity, food safety and quality, environmental sustainability, enhanced
productivity & efficiency, emotional well-being, and education &
empathy.
Animal Treatment Market Key Factor Driving
Growth:
·
Rising pet ownership is one of
the major factors driving the growth of the global animal treatment market as
pets are often considered family members, and it enhances the spending on their
health and well-being.
·
Advancements in veterinary
medicine technology such as diagnostic techniques, medical equipment, and
treatment methods are the other factor propelling the global market size. As it
enhances the effectiveness of treatments and allowed for more targeted and
specialized care.
·
Rising government and private
initiatives towards animal health are anticipated to boost the industry demand
over the foreseen period. It led to higher demand for animal treatments and
healthcare products.
·
The growing frequency of animal
diseases such as zoonotic diseases and others is uplifting the growth of the
global market as it created a greater requirement for effective animal
treatments.
·
Rising disposable income is
considered a major factor expected to boost the global market size over the
projection period as it enhances the spending on veterinary services,
medications, and other treatments.
Animal Treatment Market Restraints
However,
resistance to change and the huge cost of treatment are the major factors
restricting the global market growth. Further, economic factors and limited
research and development are the other factors anticipated to hinder the growth
of the global animal treatment market over the assessment period.
Market
Overview
The latest
updated study from Emergen Research on “Animal
Treatment Market (2023-2032)”, offers a precise analysis of the market
covering all the essential information required by the new entrants as well as
the existing players to gain a deeper insight into the market. It includes the
global animal treatment market size was USD 44.63 Billion in 2022 and is
expected to reach a CAGR of 6% over the forecast period. Also, the study
provides information about the regional wise segmentation and analysis of the
global market for the study period.
Strategic
Developments
In June 2021,
Bactiguard expanded its business and launched infection prevention for pets
through a collaboration with the Nordic pet retailer Musti Group. The
partnership evolves around a new range of wound care products (Aniocyn) for
pets.
Further, in
March 2021, Axio Biosolutions launched the SureKlot range of products with an
aim to expand into the veterinary wound management area. Sureklot is available
as a patch, gauze, powder, and spray, suitable for different types of wounds.
Animal Treatment Market Top Players
The leading
players operating in the global animal treatment market include Merck Animal
Health, Boehringer Ingelheim Animal Health, Dechra Pharmaceuticals, Phibro
Animal Health Corporation, Norbrook Laboratories, Elanco Animal Health,
Nutreco, Heska Corporation, Idexx Laboratories, Vetiquinol, Ceva Santé Animale,
Agria Djurförsäkring, Virbac, Bayer Animal Health, Neogen Corporation, Anicura,
Zoetis, Kindred Biosciences, Vetoquinol, and IDEXX Laboratories.
Conclusion
In conclusion,
ensuring the proper treatment of animals benefits not only the animals
themselves but also humans, the environment, and society as a whole. It
promotes a more harmonious and sustainable coexistence between humans and
animals.
