EuropeAnimal Healthcare Market, By Animal Type (Livestock Animals and CompanionAnimal), By Route of Administration (Oral, Topical, and Injectable), ByIndication (Infectious Disease, Pain, Autoimmune Disease, and Others), and byCountry (U.K., Germany, France, Spain, Russia, Switzerland, Netherlands, Italy,and Rest of Europe), is estimated to bevalued at US$ 13,119.7 million in 2020 and is expected to exhibit a CAGR of4.5% over the forecast period (2020-2027), as highlighted in a new reportpublished by Coherent Market Insights.
Increasing approvals and launchesby market players is expected to augment the market growth
Key players in the market arefocused on launches and approvals of products in order to provide affordabletreatment options, which is expected to propel growth of the market. Forinstance, in April 2019, Vetoquinol S.A. launched Flexprofen, a genericchewable tablet consisting of carprofen, which acts as a non-steroidalanti-inflammatory (NSAID) for treatment of dogs suffering from postoperativepain due to orthopedic surgeries. Moreover, in September 2015, OculusInnovative Sciences, Inc. launched MicrocynAH Anti-Itch Spray Gel andMicrocynAH Hot Spot Spray Gel, which helps in relieving itchiness and painassociated with skin diseases in animals such as dogs, cats, horses, rabbits,and livestock.
Increasing transmission ofzoonotic pathogens to humans working in close proximity of infected animals isexpected to aid in growth of the Europe animal healthcare market. Europe haswitnessed a substantial increase in zoonotic diseases, which has led to highdemand for animal vaccines in the region. For instance, according to theEuropean Centre for Disease Prevention and Control (ECDC), in 2017, around 381cases of brucellosis were reported in Europe, in which Greece, Italy, and Spainaccounted for around 67.2% of all brucellosis cases reported in Europe.
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Global Europe Animal HealthcareMarket – Impact of Coronavirus (Covid-19) Pandemic
The Food and AgricultureOrganization of the United Nations provided guidelines to mitigate the impactof the COVID-19 pandemic on livestock production and animal health, whichincluded the following recommendations for the livestock farmers to preventspread of the coronavirus infection:
Communication with professionalservice providers such as milk collectors, and suppliers of feed andconsumables should be established to find solutions to secure supplies, inputs,and services
Communication through producercooperatives or farmers associations for obtaining necessary exemptions formobilization of animals, products, and personnel
Explore alternative saleschannels such as online sales, e-commerce, and direct sales, and usepoint-to-point transportation to deliver livestock and related products tobuyers
The farmers should obtain latestinformation on the evolving COVID-19 situation from trusted sources such asradio programs provided by local governments, official news releases, livestockmarket officers, veterinary pharmacies, farmers associations, and others
Implementation of practical biosafetyand biosecurity measures to prevent human contamination with COVID-19 in thefarm. These measures include:
Installation of footbaths andchanging the disinfectant frequently
A designated area should bemaintained for external visitors; visitor interactions with farm workers shouldbe restricted
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Consultation with animal healthprofessionals to improve biosecurity and biosafety in the farm
Browse 38 Market Data Tables and27 Figures spread through 183 Pages and in-depth TOC on “Europe Animal HealthcareMarket - By Animal Type (Livestock Animals and Companion Animal), By Route ofAdministration (Oral, Topical, and Injectable), By Indication (InfectiousDisease, Pain, Autoimmune Disease, and Others), and by Country (U.K., Germany,France, Spain, Russia, Switzerland, Netherlands, Italy, and Rest ofEurope) - Global Forecast to 2027”
Furthermore, increasing number ofpartnerships and collaborations among market players for the development of newproducts and rising awareness regarding animal health are expected to drive themarket growth over the forecast period. For instance, in March 2017, BoehringerIngelheim Animal Health and Novozymes entered into a strategic agreement forthe development and commercialization of probiotic products for poultryproduction.
Key Takeaways of the EuropeAnimal Healthcare Market:
The Europe animal healthcaremarket is expected to exhibit a CAGR of 4.5% over the forecast period, owing toincreasing animal population such as dogs, cats, cattle, and others, therebydriving demand for animal healthcare services. For instance, according toPetSecure, a pet insurance provider, there were around 7,570,000 dogs and11,480,000 cats in France during 2017-2018.
Among animal type, the livestockanimal segment held a dominant position in the Europe animal healthcare marketin 2018. The major driver for growth of the segment is increasing number oflivestock animals in Europe, owing to rising demand for animal protein productssuch as milk and meat. For instance, according to the Food and AgriculturalOrganization of the United Nation, in 2018, the sheep population increased from1,098,662 in 2006 to 1,173,354 in 2016.
Among route of administration,the oral segment held a dominant position in the Europe animal healthcaremarket in 2018, owing to increasing number of partnerships and collaborationsfor development of new products and rising awareness about animal health. Forinstance, in February 2019, ECO Animal Health Ltd., a subsidiary of ECO AnimalHealth Group plc, entered into a worldwide exclusive poultry vaccinedevelopment and licensing deal with Ghent University.
Companies operating in the Europeanimal healthcare market include Merck & Co., Inc., Virbac, DechraPharmaceuticals Plc., Vetoquinol S.A., Zoetis Inc., Ceva Santé Animale, BayerAG, Elanco, Evonik Industries AG, and Archer Daniels Midland Company
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