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Increasing Per Capita Spends on Pet Healthcare Drives the Global Animal Medication Market, According to New Report by Global Industry Analysts, Inc.
Date:8/8/2014

San Jose, California (PRWEB) August 08, 2014

Follow us on LinkedIn – Animal medication is vital to the productivity and health of livestock (cattle, poultry, swine, horses), as well as pets/companion animals. The market is mainly driven by increasing consumption of meat products against a backdrop of strong emphasis on protein rich diets and growing expenditure on pet healthcare as a result of increased focus on preventing the spread of Zoonotic diseases. Over the past couple of decades, animal health, especially farm animals, has been gaining in popularity backed by compelling scientific evidence, linking animal health with human food safety and public health. Animal health and management of livestock has therefore gained significant prominence among livestock breeders. With consumers demanding safe and nutritious food, and with governments across the world focusing on building sustainable systems for superior animal health management, demand for animal health products is poised to witness steady growth.

Robust [pet industry] in both developed and emerging economies with increased emphasis on pet healthcare and willingness to spend on pet medication is also helping spur growth in the market. As stated by the new market research report on Animal Medication, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 9.8% over the analysis period. Tr
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