Animal Health Market Forecast to Reach $58 Billion by 2025

A new report projects the animal health market will be worth $58.5 billion by 2025.  Grand View Research reports the market is driven by technological advancements in veterinary care, which are anticipated to serve future growth opportunities to the market.

The research agency says the advanced work of identifying emerging animal health issues in developing economies provides a high growth potential in the future.  The report also found that vaccines are expected to exhibit lucrative growth rates during the forecast period.

The report also says the companion animal segment, or pets, is anticipated to grow at an exponential rate, owing its success as a consequence of associated health benefits for humans, which includes lower blood pressure, greater psychological stability, and reduced anxiety attacks.

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