Europe’s animal welfare market revenue exceeds $49.4 billion

Pune, India, April 26, 2022 (Globe Newswire) —

According to a recent industry report by Graphical Research, Animal welfare market in Europe It’s expected to make its name in the billion-dollar fraternity seven years later, with revenues of $49.4 billion by 2027.

The outlook for the animal healthcare market in Europe will be positively impacted by a higher rate of pet adoption due to higher per capita income. There is a large elderly population in the area, which is why the demand for companion animals could see a significant boom.

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The hectic lifestyle of the working class in the region made it vulnerable to many mental and physical disorders. Numerous studies have proven the positive impact of pets on their owner’s overall health as they keep depression, loneliness and physical inactivity at bay, which promotes adoption. This factor will also favor the use of animal healthcare products to help owners keep their pets healthy and safe from chronic disease.

The trends favoring market forecasts are explained below:

Veterinary services are gaining momentum:

Veterinary services accounted for a $18.6 billion share of the animal healthcare market in Europe in 2020. Daycare services, animal training and grooming, and many other activities are in high demand among pet owners. These services protect pets’ health from infection and promote their well-being.

Moreover, the incidence of zoonotic diseases is rising at an alarming rate in the region, putting many animals at risk. These health emergencies may increase the demand for veterinary services.

The demand for pets is growing:

Companion animals accounted for more than 57% of their share The animal healthcare industry in Europe In 2020. Governments introduce initiatives to raise awareness of animal health among the people.

They also partner with reputable organizations to advance pet healthcare facilities. Moreover, as the region is experiencing a commendable rise in the number of pet owners, the use of animal healthcare products is expected to increase.

Pharmacies may become the main distribution channels:

Pharmacies are likely to have a $14.2 billion share of the animal healthcare market in Europe by 2027. The demand for effective medicines to treat a variety of diseases affecting animals has increased the need for pharmacies in the region.

In addition, many people are purchasing livestock and adopting companion animals, which may increase the number of animal surgeries performed each year. This will amplify the need for veterinary pharmacies that are easily accessible to pet owners.

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The outlook for the UK animal healthcare market remains positive:

The UK accounted for a share of over $3.5 billion in the animal healthcare industry in Europe in 2020. The prevalence of zoonotic diseases such as brucellosis, dermatomycosis and Campylobacteriosis is increasing in the region. He has prompted the government to reveal plans and schemes that increase people’s awareness of animal health and care, and thus promote the production of animal health care products to curb the spread of these diseases.

The size of the animal healthcare market in Europe is expected to grow at a significant rate due to the alarming rise in cases of fatal disorders in animals. Well-known companies, such as Neogen Corporation, Boehringer Ingelheim, and Zoetis, Inc. and Merck & Co., Inc. and Elanco Animal Health, Dechra Pharmaceuticals, and Bayer AG, among others, manufacture animal medicines, vaccines, therapeutic feed additives, and medical devices for livestock and pets. Products will be made available through online pharmacies and distributors. Companies also provide advanced veterinary services for these animals to protect them from falling prey to chronic diseases.

Browse related report:

North American animal care market 2027 prediction by animal type (livestock animals {poultry, pigs, cattle, fish}, companion animals {dogs, cats, horses}), by product (medicines {medicines) [Antiparasitic, Anti-inflammatory, Anti-infectives]Vaccines [Modified Live Vaccines, Killed Inactivated Vaccines]Medicinal feed additives [Antibiotics, Vitamins, Amino Acids, Enzymes, Antioxidants, Prebiotics and Probiotics, Minerals]}, medical devices {veterinary diagnostic equipment, veterinary anesthesia equipment, veterinary patient monitoring equipment, veterinary surgical equipment, veterinary consumables}, veterinary services), by distribution channel (pharmacies, online, distributors), research report, country forecast (states United States, Canada), COVID-19 impact statistics, price trends, historical data, growth prospects, competitive industry share

https://www.graphicalresearch.com/industry-insights/1344/north-america-animal-healthcare-market

Animal welfare market in Asia Pacific 2027 forecast by product (Pharmaceuticals {Drugs [Antiparasitic, Anti-inflammatory, Anti-infectives]Vaccines [Modified Live Vaccines, Killed Inactivated Vaccines]Medicinal feed additives [Antibiotics, Vitamins, Amino Acids, Enzymes, Antioxidants, Prebiotics and Probiotics, Minerals]}, medical devices {veterinary diagnostic equipment, veterinary anesthesia equipment, veterinary patient monitoring equipment, veterinary surgery equipment, veterinary consumables}, veterinary services), by type of animal (livestock animals {poultry, pigs, cattle, fish}, companion animals { Dogs, cats, horses}), by distribution channel (pharmacies, online, distributors), research report, country forecast (China, India, Japan, Australia, South Korea, Taiwan, Malaysia, Indonesia, Thailand, Singapore, Philippines, Vietnam ), COVID-19 impact statistics, price trends, historical data, growth prospects, competitive industry share

https://www.graphicalresearch.com/industry-insights/1342/asia-pacific-animal-healthcare-market

About graphic search:

Graphical Research is a business research firm that provides industry insights, market forecasts, and strategic inputs through rigorous research reporting and advisory services. We publish targeted research reports with the aim of meeting diverse client needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: Our union reporting is designed to ensure a good fit for industry participants across the value chain. We also provide bespoke reports tailored to the exact needs of the client, with dedicated analyst support across the procurement lifecycle.


        

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