China's veterinary healthcare market was valued at USD 1149.0 million in 2014 and is projected to reach USD 2705.0 million by 2020, growing at a CAGR of 15.33% during the forecast period. The market is gaining importance as a result of manufacturers focusing more on the production of products with specialized formulations and manufacturing processes.
The significance of livestock animals is generating growth in the animal healthcare market owing to the fact that more people are consuming meat and dairy products nowadays. The growing population and a stable economy are expected to result in the increased demand for protein-rich foods, especially in developing regions. Animal health companies are well-positioned to address this growing market's demand for higher-protein diets.
China Veterinary Health Market- Market Dynamics
The new type of diseases in animals and their subsequent transfer to humans via animal food product consumption and companionship are escalating the Chinese veterinary healthcare industry. The strategic decisions in research and development of manufacturers are expected to positively impact global veterinary healthcare market as well.
Escalating occurrence of zoonotic diseases
Fewer requirements for animal health drugs approval
Growing consumer focus on animal health and food safety
Increasing pet ownership
Need to increase production of farm animal products (eggs, milk, beef, and other dairy products).
Continuous rate of innovations and technological advances in the development of animal health drugs
In this report, the China veterinary healthcare market is segmented by animal type into farm animal health market and companion animal health market. The farm animal health segment is further segmented into poultry health market, swine health market, fish health market, cattle health market, and sheep health market. The companion animal health segment is further segmented into the dogs and cats market and horse health market.
Some of the key players in the market are:
Bayer Animal Health
Ceva Animal Health
Elanco Animal Health
Merial (Animal Health division of Sanofi)
Virbac Animal Health
Key Deliverables in the Report
Market analysis for China's veterinary healthcare market, with region-specific assessments and competition analysis on the global and regional scale.
Study of the effect of exogenous and endogenous factors, viz. demographic, economics, and political factors, among others, that affect the global market.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect China's veterinary healthcare market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
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