North America Animal Health Market Trends, Size, Segment and Growth by Forecast to 2030
Market Overview and Dynamics The North America animal health market is expected to reach US$ 40,797.6 Mn in 2027 from US$ 24,436.0 Mn in 2018. The market is anticipated to grow with a CAGR of 6.0% from 2019-2027. Factors driving the market growth include increasing incidences of zoonotic diseases. However, the use of counterfeit medicines is likely to have a negative impact on market growth. Market Introduction Controlling animal health by preventing animal disease epidemic and monitoring animal food supplies is vital to the any economy and safety of the any country's food supply. Breeding of healthy livestock guarantees a safe supply of food and keep selling prices stable. Animal disease epidemic costs the country millions of dollars owing to livestock trade halts, animal slaughters and subsequent disease elimination efforts. For example, in November 2017, Porcine reproductive and respiratory syndrome virus (PRRSV), causes stillborn piglets which costs U.S. farmers ...