Animal Health Market to Reach $45.42 Billion by 2028 Thanks to Increased Attention to Preventive Animal Care and Growing Outbreak of Animal Related Diseases

Westford, USA, July 11, 2022 (GLOBE NEWSWIRE) -- Animal health market is witnessing high demand for drugs, vaccine and supplement due to the growing number of pet ownership. The American Pet Products Association (APPA) reports that there are approximately 8.4 million owned cats and 7.2 million owned dogs in the United States. This is an increase from previous years, which shows that more people are interested in owning pets. As a result of this increase in pet ownership, there is also a corresponding increase in the need for animal health services. There are a variety of animal health services that are available, ranging from routine check-ups and vaccinations to more specialized care such as surgery and dental work. Some animal health service providers in the global animal health market also offer boarding and grooming services. Routine check-ups and vaccinations are important for all pets, as they help to ensure that they remain healthy and free from disease. These types of services can be provided by most veterinarians or animal hospitals. More specialized care, such as surgery or dental work, may require a referral to a specialist such as a veterinarian surgeon or dentist. Boarding and grooming services can be provided by some veterinarians, animal hospitals, or specialty businesses. Pet Ownership is On the Rise as People are Moving to Nuclear Family and Consider Pet as Their Family Member There are a number of different surveys and studies that have been conducted in order to try and get a better understanding of pet ownership around the globe. Unfortunately, there is no one definitive source for this information. However, some of the more reliable estimates in the global animal health market put the global pet ownership rate at around 33%. The majority of pets globally are dogs, with an estimated 50% of households owning at least one dog. As of 2021, there are around 473 million pet dogs across the globe. This is followed by cats, with an estimated 30% of households owning at least one cat and the number is estimated to be 370 million. Other popular pets include fish, birds, rabbits, and rodents. In terms of regional breakdown of the global animal health market, North America has the highest rate of pet ownership in the world, with approximately 65-70% of households owning at least one pet. Wherein, around 90% of household has some sort of animal as pet. Europe comes in second place with an estimated 55-60% of households owning at least one pet. Australasia/Oceania has a slightly lower rate of pet ownership (around 50%), while Asia and Africa have the lowest rates (both below 40%). Get sample copy of this report: Growing Outbreak of Animal Transmitted Diseases There is no doubt that animal-transmitted diseases can have a significant impact on both human and economic health. A recent example is the outbreak of SARS-CoV-2, which originated from contact with infected animals and has since spread globally, causing over two million cases of human infection and resulting in over 100,000 deaths (as of May 2020). The economic burden of this outbreak has been estimated to be around $8 billion. The outbreaks have proven to be boosters in the global animal health market growth. As the market players realized a huge demand for related vaccine and drugs to prevent the infection of these disease among pets. Other examples of economically costly animal-borne disease outbreaks in the animal health market include: the 2002-2004 SARS outbreak, which cost an estimated $40 billion; the 2009 H1N1 influenza pandemic, which had an economic impact of $60-$100 billion; and the 2014 West African Ebola virus outbreak, which had a total estimated cost of $5.8 million. There has been a recent outbreak of animal diseases that have been transmitted to humans. These diseases include rabies, avian influenza, and hantavirus. ... Full story available on