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Animal Healthcare Market Statistics 2021-2027 | Industry Size & Trends Report

Increasing government support towards promoting the adoption of companion animals will bolster the animal healthcare market trends.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/735

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Animal Healthcare Market Statistics 2021-2027 | Industry Size & Trends Report

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  1. Animal Healthcare Market is projected to reach CAGR 4.7% by 2027

  2. Key Insights from Animal Healthcare Market: • Increasing government support towards promoting the adoption of companion animals will bolster the animal healthcare market trends. The ease of access to advanced products, vaccination drives, feed additives, and pet insurance programs has increased the number of hotels, grooming parlors, and restaurants for pets across developed countries. Besides, the regulation of stringent guidelines for livestock animals pertaining to hygiene has led to a rise in the number of animal shelter homes across countries like India. • The animal healthcare market value from distributors exceeded USD 61 billion in 2020. This can be owed to the lower transactions on purchased medicines, safe delivery convenience of product availability, and ease of recall of the medications offered by these distribution channels. Numerous NGOs and philanthropic organizations are also giving free animal treatment whilst directly collaborating with distributors for the wholesale rates of medicines.

  3. Regional Insights in Animal Healthcare Market: • Global remuneration from companion animals reached around USD 86 billion in 2020 and could strike a CAGR of 4.3% up to 2027 due to their increasing adoption as family members. There is also a higher availability of improved healthcare networks, diverse food products, and emergency medical care for these animals in the developed countries. Industry players are also coming up with various initiatives to bring innovations to healthcare for these animals. For instance, Lemonade launched health insurance plans for cats and dogs in July 2020 to help pet parents across 33 U.S. states receive AI-powered and socially impactful coverage of their pets.

  4. Latest Research Report On Animal Healthcare Market@ https://www.gminsights.com/industry-analysis/animal-healthcare-market Request for a sample of this research report @https://www.gminsights.com/request-sample/detail/735

  5. Major Companies in Animal Healthcare Market: • Elanco • Bayer • Boehringer Ingelheim • Merck & Co., Inc. • Zoetis • Dechra Pharmaceuticals • Neogen

  6. Industry Coverage

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