Dublin, December 6, 2021--(Business Wire)--"European Veterinary Healthcare Market Forecasts, Industry Trends, Shares, Insights, Growth, Impact of COVID-19, Opportunity Company Analysis, 2021-2027" report has been completed Products added to ResearchAndMarkets.com.
The European veterinary healthcare market will grow from USD 5.75 billion in 2020 to USD 8.89 billion in 2027, with a CAGR of 6.42%
The European veterinary health industry has undergone major changes in the past decade, including a greater focus on companion animal medicine and the massive consolidation of veterinary practices. In Europe, the veterinary industry is part of the broader healthcare industry.
It is an important part of animal care for pets, livestock, poultry, horses, water sports, rabbits, etc. In Europe, it can be defined as veterinary medicine and medical professions that involve the prevention, control, treatment and diagnosis of diseases that affect the health of domestic and wild animals and the prevention of animal viruses from spreading to humans.
In addition, the main factors that increase the growth of the European veterinary market are the increasing adoption of animals in European countries, coupled with increasing measures by governments, as well as improving animal health and increasing productivity under the emerging risks of zoonotic diseases.
The growing interest in livestock production is driving the growth of the European veterinary health care market.
The impact of COVID-19 on the European veterinary hygiene industry
The global outbreak of COVID-19 has affected all industries, including veterinary health. This has hit the import and export activities of veterinary drugs and diagnostic reagents, resulting in a decline in sales of many products in the veterinary industry. The European Medicines Agency (EMA) has few guidelines designed and implemented to ensure the supply of veterinary drugs on the European market.
In 2020, according to the "Animal Health" article, the World Veterinary Association (WVA) and the European Local Veterinary Association declared that veterinary services are as "essential" as human health care services. Therefore, many veterinarians continue to practice COVID-19 in the current situation.
Classified by product: The vaccine sector has the largest market share
Veterinary health care includes various veterinary health products, such as vaccines, parasiticides, antibacterial agents, etc. Vaccines are made up of bacteria, viruses or other disease-causing organisms. These organisms have been removed or altered so that they will not cause any disease, thereby improving immunity. The European government’s construction initiatives have improved animal health care and have led to a growing demand for veterinary vaccines.
In addition, certain vaccines, parasiticides and antimicrobial agents are only available in accredited veterinary hospitals and clinics in Europe. Veterinary hospitals and clinics provide a wide range of treatment and diagnostic options, such as advanced diagnostic imaging, new therapies, nuclear and regenerative medicine, laser diagnostics and professional surgery, which can be provided in European veterinary hospitals and clinics for animals such as pets, livestock, poultry, Horses, aquatic animals, rabbits, etc.
The veterinary healthcare market in Germany, France and the UK offers huge opportunities
The veterinary healthcare market in Europe is segmented into Germany, France, the United Kingdom, Italy, Russia, Spain and other parts of Europe. In Germany, veterinary health is protected by legislation and veterinary management. Strict government laws related to veterinary health and the high disposable income of the German people have led to increased interest in pets, livestock, poultry and horses.
In addition, the UK veterinary health industry is also evolving, including therapeutic products and solutions for farms and companion animals. Companion pets such as dogs and cats can be tamed or adopted for association or farm animals, and house/office guards for meat and milk related products.
Companion animals include dogs, cats, and horses, and farm animals include pigs, poultry, and ruminants. In 2018, according to data from the People's Hospital for Sick Animals, 49% of adults in the UK owned pets. 25% of adults have a pet cat and 24% of adults have a pet dog
Major players in the European veterinary healthcare industry
Major players such as Elanco, Zoetis Inc., Boehringer Ingelheim International GmbH, Merck & Co., Inc. and Bayer AG all work in the European veterinary health industry.
In order to increase their market share, they have adopted various growth strategies such as partnerships, cooperation, agreements, mergers and acquisitions.
6. Market Share-European Veterinary Care
7. Products-European Veterinary Healthcare Market
8. Animals-European Veterinary Healthcare Market
9. Country-European Veterinary Healthcare Market
10. Distribution-European Veterinary Healthcare Market
10.1 Retail pharmacies and pharmacies
11. End User-European Veterinary Healthcare Market
For more information about this report, please visit https://www.researchandmarkets.com/r/kqqgv9
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