VETERINARY HEALTHCARE MARKET ANALYSIS

Regional Analysis

Global Veterinary Healthcare Market: Regional Insights

Based on geography, the global veterinary healthcare market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Among regions, North America is expected to gain the highest share in the market during the forecast period owing to the increasing incidence of zoonotic and chronic diseases and an increase in the livestock population in the region. For instance, according to the Centers for Disease Control and Prevention (CDC), zoonotic diseases are very common around the world. More than 6 out of every 10 known infectious diseases in people can be spread from animals, and 3 out of every 4 new and/or emerging infectious diseases in people come from animals. Thus, CDC works 24/7 to protect people from zoonotic diseases in the United States and around the world.

Moreover, Europe and Asia Pacific are expected to witness robust growth in the global veterinary healthcare market due to the increase in focus on veterinary healthcare and favorable government initiatives in these regions. Thus, market players are focusing on developing and launching novel veterinary healthcare products. For instance, in December 2021, SeQuent Scientific announced the launch of veterinary medicine Halofusol (oral solution) in 19 European countries. Halofusol is a 0.5 mg/ml oral anti-protozoal solution for the prevention and reduction of diarrhea in newborn calves. This in turn is expected to aid in the growth of the market.