According to the report "Veterinary Healthcare Market", published by Market Data Forecast, the global market is projected to reach USD 39.56 Billion by 2021, at a CAGR of 7.94% from 2016 to 2021.

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Veterinary medicine is the science associated with the treatment, diagnosis and prevention of diseases among animals. It covers a broad varieties of animal species both in domestic and wild. The rising importance of livestock animals has increased the demand for animal healthcare. Rising population and stable economies is expected to drive the protein rich food market, especially in the developing countries.

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Growing awareness about animal’s health, fewer hurdles for the approval of drugs relating to animal health and increasing love towards pets are the primarily contributing factors for the growth of veterinary healthcare. Rising number of foodborne diseases has also helped the growth of the market. However, factors like increasing regulation on antibodies, rising costs of animal testing are restraining the growth of the market.

The global veterinary healthcare market is segmented on the based on the animal type and products.

1) Based on Animal Type
a) Farm Animals
• Cattle
• Swine
• Fish
• Sheep
• poultry
b) Companion Animals
• Dogs
• Cats

2) Based on products
a) Vaccines
b) Feed Additives
• Nutritional feed additives
• Medicinal feed additives
c) Pharmaceuticals
• Ectoparasiticides
• Endoparasiticides
• Antibiotics
• Anti-Inflammatories
• Endectocides
• medicines for reproductive problems

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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.

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