Increase in value of worldwide market for animal health products as new animal diseases emerge and food safety concerns continue to grow.
Demand for animal health chemicals in the US is forecast to advance four percent per year to more than $8 billion in 2006, supported by the continuing emergence and threat of animal disease, changes in animal production practices, new product introductions and ongoing food safety concerns. This report describes the worldwide market for animal health products, which consists health care products for domestic companion animals, livestock and co-marketed consumables.
(PRWEB) January 7, 2004
Research and Markets announces the addition of this exciting new report on Veterinary Health Markets to its offerings.
Demand for animal health chemicals in the US is forecast to advance four percent per year to more than $8 billion in 2006, supported by the continuing emergence and threat of animal disease, changes in animal production practices, new product introductions and ongoing food safety concerns. This report describes the worldwide market for animal health products, which consists health care products for domestic companion animals, livestock and co-marketed consumables. The total market for health care products of all kinds is an important part of the pharmaceutical market, and is described in detail.
Nutritional chemicals, the largest class of animal health products, will see above average growth due to interest in improving food animal quality, in aiding disease prevention and improving waste management. Parasiticides, the second largest class of animal health chemicals, will see the fastest gains as a result of product developments for the companion animal market, such as those aimed at treating more than one pest in a single product, and the increasing availability of parasite control products for pet owners through retail outlets and the Internet.
Veterinarians will remain the primary end user of animal health chemicals due to the prescription-only nature of many products and their expertise in diagnosis and treatment. However, veterinarians will face increasing competition from over-the-counter outlets such as pet supply stores and the Internet, which enable pet owners, farmers and animal managers at other sites to purchase animal health chemicals at a lower price. Households will see the strongest growth, as pet owners move towards do-it-yourself animal care.
This report seeks to identify viable technology drivers through a comprehensive look at various compounds for animal health, including companion animals and veterinary medicine, as well as commercially important livestock animals.
This report also presents feasible market opportunities via an identification of high-growth applications in different animal health areas, with a focus on the biggest and expanding markets. This report is focused on global industry development, through an in-depth analysis of the major world markets for animal health, including forecasts for growth.
This report concentrates on the veterinary health market segment in important worldwide markets such as the U. S., Japan and Europe, including Germany, the U. K., and other countries of the big five. It focuses primarily on the animal health segment, and, separately, on a description of the medicinals and supplies marketed by major companies in this segment. The report discusses the market size, growth rates, and market components for medical supplies, supplements and consumables used in this area.
For a complete index of this report click on http://www. researchandmarkets. com/reports/41862 (http://www. researchandmarkets. com/reports/41862)
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