- The key vendors in the Global Animal Health Market are Bayer AG, Elanco Animal Health Inc., Merck Animal Health, Merial Ltd. And Zoetis Inc.
London, 12 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Animal Health Market 2014-2018. The report analyzes that the increasing number of mergers and acquisitions is anticipated to drive the market during the forecast period of 2013-2018. They provide financial assistance to smaller companies, increase the product portfolio of the acquirer, and raise the distribution channels of companies, also providing assistance in increasing the presence of global players in the local markets.
Various factors are expected to impact the market growth during the forecast period such as the sudden outbreak of zoonotic diseases, the rise in the cost of veterinary education, and the changes in regulatory guidelines across different regions.
“The Global Animal Health market is witnessing an increase in investments by various government and non-government organizations such as animal welfare associations,” says Faisal Ghaus, Vice President of TechNavio Research.
“Increased investments, especially in the underdeveloped markets of Asia and Africa, are expected to double the growth rate of the market in these regions. Key players in the current market are increasing their focus on emerging markets to generate revenue from these untapped markets.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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