Shuchi Nahar's Weekend Blog!

Companion Animal Healthcare Industry in India - Huge Opportunities Ahead Twitter Handle: @shuchi_nahar   Overview The global companion animal market size in 2019 was worth US$ 12.54 billion and expected to reach US$ 19.18 billion by 2024 with a growth rate at a CAGR of 6.26%. The Indian animal health market is currently witnessing strong growth and expected to achieve a CAGR of 5.5% between 2020 and 2025. The animal healthcare sector in India has witnessed a paradigm shift over the last few years because of the adoption of innovative technologies used for prevention and cure of farm and companion animals. Growing urbanization, changing lifestyle, and increase in per capita income have encouraged pet ownership as well as increased willingness to pay for pets, healthcare has supported the growth of Animal Healthcare. Scope Pets have evolved from being a strange and wonderful distraction to an integral part of families all over the world. As human populations have grown, so to...

Emerging Trends in Animal Health Care Industry SHUCHI.P.NAHAR Just like the world around us, animal health has undergone transformational change in the 21st century. Animals are receiving better care, medicines are becoming more targeted, and diseases have even been eradicated. There's no sign that this change will stop soon. Here are the four trends that will drive animal agriculture and petcare in the coming years.The niche global animal health sector is witnessing exciting growth opportunities and consolidation. On the one hand, the opportunity landscape is driven by population expansion, increased demand for animal protein, changing lifestyles and evolving habits. On the other hand, the consolidation is the result of growing compliance and complexity. The global animal health market size was valued at USD 47.1 billion in 2019 and is expected to exhibit a CAGR of 5.8% during the forecast period. The market is largely driven by a significant rise in demand for protein food and an...