Companies Focus on Innovative Active Pharmaceutical Ingredients for Efficient Animal Healthcare

Animal Healthcare

A senior analyst discusses on how innovative animal healthcare programs are benefiting the overall animal healthcare landscape.

Demand for high-protein diets has led to commercial farming of the meat and milch cattle. In developed regions such as North America, governments are taking active initiatives in controlling and preventing animal diseases, thereby, creating advisory systems for raising awareness in the general population regarding animal healthcare. Several pharmaceutical companies are increasing their focus towards animal healthcare market, catering to the surging incidences of animal disease outbreaks and hygiene management products.

How are animal healthcare programs beneficial?

On a broader perspective, with the latest animal healthcare program, an initiative by Madhya Pradesh (MP’s) Animal Husbandry Department, signing a MoU (memorandum of understanding) with BFIL (Bharat Financial Inclusion Ltd), the animal owners could avail wide-ranging veterinary services by just dialing toll-free helpline number- 1962. This animal healthcare program is likely to help the farmers, who face major issues in bringing their cattle to the animal healthcare centers.

What are some of the most recent developments in the global animal healthcare market?

Robinson Animal Healthcare, manufacturer of animal’s first-aid woundcare as well as absorbents launched an all-new Animalintex Hoof Treatment, highly beneficial in rapid treatment of the foot conditions. This new animal healthcare product is the sole VMD (Veterinary Medicines Directorate) licensed product in UK consisting of multi-layered absorbent poultice.

Colorado State University introduced a new certificate, known as Spanish for Animal Health and Care for ensuring students in animal science and veterinary fields would be equipped for communicating with the Spanish speakers in a ranch setting.

How is the trend of pet ownership taking a major leap in North America animal healthcare market?

Most of the people in U.S. own a cat or dog, which in turn increases animal expenditure especially by the millennials that are driving humanization of their furry companions. Animal healthcare is one of the most innovative and developing industries of the U.S. Animal healthcare products helps in enhancing activities in pet services, dairy and meat production, animal production and veterinary services. In addition, animal healthcare market in North America has witnessed some major M&A for attaining expertise in launching new and innovative active pharmaceutical ingredients. For example, Zoetis lately acquired Nexvet, biologic therapeutics company for introducing monoclonal antibody therapies, benefitting companion animals suffering from chronic pain.

What are some of the market strategies adopted by key companies in the animal healthcare market?

Animal healthcare manufacturers such as Neogen Corporation are taking immense efforts in acquiring animal genomics laboratory such as the one Delta Genomics Centre owns in Canada. Such acquisitions are done for enhancement of business in the particular region. Several manufacturers such as Henry Schein are planning on merging with animal healthcare businesses and start-ups, in a bid to form new companies.

In a nutshell, with increasing number of pet owners willing to make heavy payments for veterinary care, upsurge in demand for the food supplements is likely to increase at a significant rate in the animal healthcare market.

Global Animal Healthcare Market Value - By Product Type
Global Animal Healthcare Market Value – By Product Type

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About Abhishek Budholiya 101 Articles