The animal health industry is going through an exciting period of innovation driven by rapid consolidation in industry seen in recent years. Animal health industry has traditionally relied on innovations in the human health industry. However, this trend has changed recently with companies actively investing in animal health specific innovations. As pet expenditure grows continuously and the focus on sustainable animal food production practices increases, the demand for innovative animal health technologies is set to rise over the coming years. While companies from human health industry are increasingly foraying into the animal health sector, the established players from this industry are rapidly expanding technological capabilities to enhance their product offerings.
Meticulous Research® has focused relentlessly on tracking the shifts in the animal health industry to enable our clients understand the nuances in the industry, identify revenue opportunities with the next generation technologies, and develop innovative solutions for better management of pet and livestock populations.
Rising incidence of zoonotic and food-borne diseases
Technological advancements and advent of information systems
Increase in the R&D investment for veterinary medicine
Growing penetration of e-commerce platforms promoting online pharmacies
Growing expenditure on pet health
Rising demand for animal-derived food products
Growing number of veterinary practitioners