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Latin America Veterinary Healthcare Market

Latin America Veterinary Healthcare Market is currently estimated at $2.97 billion market in 2016 and is expected to reach $4.38 billion by 2021 with a CAGR of 8.1% in the forecast period
Latin America Veterinary Healthcare Market 2016-2021: Market is Anticipated to Expand at a
Significant CAGR of 8.1%
Latin America Veterinary Healthcare Market is currently estimated at $2.97 billion market in 2016 and is
expected to reach $4.38 billion by 2021 with a CAGR of 8.1% in the forecast period. Veterinary medicine
can be defined as the science associated with the diagnosis, treatment and prevention of diseases in
animals. The scope of Veterinary medicine is broad covering various animal species both domestic and
wild. The increasing importance for the production of livestock animals is generating growth in the
animal healthcare market. Ever increasing population, stable economy is expected to result in increased
demand for protein rich foods, especially in the developing countries.
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There is an upsurge in the number of animal ownerships as a result of increased love towards pets.
Rising awareness among individuals regarding animal health and few requirements for drug approval of
animals are the primary driving factors for Veterinary healthcare market. Rising number of foodborne
diseases is also aiding the growth of animal healthcare market. However, there a few restraints the
market has to overcome in order to prosper in the future which include rising regulations on antibiotics
and high costs related to animal testing.
Latin America Veterinary Healthcare market is segmented based on the animals type into companion
and farm animal. Farm animals are again segmented into poultry, swine, fish, cattle and sheep.
Companion animals are sub segmented into dogs and cats. On the basis of product, the market is
segmented as vaccines, pharmaceuticals and additives. Feed additives are further categorized as
nutrition and medical feed additives. Nutrition feed additives includes hormones, enzymes, prebiotics,
probiotics and immune-modulator. Pharmaceutical products includes ectoparasiticides, antibiotics,
endectocides, endoparasiticides, anti-inflammatories, and medicines for reproductive problems. Based
on the geography, Latin America veterinary healthcare market is segmented into various regions of
Brazil, Argentina and Mexico.
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The key players in the market are BoehringerIngelheim GmbH, Sanofi S.A., Merck & Co., Novasep, Ceva
Santé Animale, Koninklijke DSM N.V, SeQuent Scientific Ltd., Zoetis Inc., Nutreco N.V., Vétoquinol S.A.,
Bayer AG, Cargill, Inc., Eli Lilly, Novartis AG and Virbac S.A.
scope of the report provides:
The evaluation of the current market for your product or services and the future implications of
the market
Addresses the opportunities by better understanding the market through size estimates and
growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by
splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim
of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive
environment is analyzed through Porter’s Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the
industry is analyzed through PESTLE analysis to better understand the aspects of strategic
management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to
their product portfolio, financial performance and the strengths of their business strategic
Comparative study of the firms across the industry measuring their performances based on
market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
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