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Global Journal of Animal Breeding and Genetics

Market Analysis - Global Journal of Animal Breeding and Genetics ( 2021) Volume 9, Issue 1

Market Analysis on Euro Veterinary Conference 2020

Ivanan Donovic*
 
1Southern University of Strathclyde, UK
 
*Corresponding Author:
Professor. Ivanan Donovic, Southern University of Strathclyde, UK, Email: i.andonovic@strath.ac.uk

Published: 25-Feb-2021

Abstract

After the successful completion of the Euro Veterinary Conference 2020 conference series, we are pleased to welcome you to the "European Summit on Veterinary Medicine and Animal Sciences." The congress is scheduled to take place on July 09-10, 2020 in the beautiful city of London, UK. This 2020 Veterinary Medicine Conference will give you exemplary experience and great insights in the field of research.

Global Veterinary Medicine Market Professional Survey 2019 by Manufacturers, Regions, Types and Applications, Forecast to 2024 report is published on May 1, 2019 and has 157 pages in it. This market research report provides information about Veterinary, Healthcare, Pharma & Healthcare industry. It covers Global regional market data and forecasts. It is priced starting at USD 2,600.00 for Single User License (PDF) which allows one person to use this report.

Growth in the global Veterinary Medicine is mainly because of increased pet ownership, awareness of animal health issues, demand for animal related products and the availability of advanced surgical and diagnostic procedures. There are various technologies involved in veterinary medicine. Nowadays, animal health product such as metabolic drugs, anti-infective, reproductive aids, feed additives, vaccines, imaging diagnostics, topical solutions and parasite controls are becoming more popular.

In animal hospitals and clinics, the doctors treat injuries and disease of animals, but get most of the revenue from Animal Health procedures such as neutering and spaying, vaccinations, and regular check-ups.

A few animal hospitals also bathe, groom, board, and provide testing services to domestic animals such as dogs, cat, horses etc.

Routine examinations and non-surgical treatments each account for about 25% of industry revenue; surgical procedures and lab services, about 15%. Sales of pet food, vitamins, and accessories account for about 10%.

As per the reports by Freedonia, in US, consumers are spending on domestic animals is forecast to reach $33 billion in 2014 and the pet health product demand at the manufacturer level is expected to rise almost 6% yearly to reach $5.5 billion in 2014.

According to IVA, the Veterinary Services industry is in the growth phase of its life cycle. The industry's contribution to the US economy is forecast to increase at an average annual rate of 3.9% during the 10 years to 2017.