New York, Sept. 24, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Animal Treatment Market by Animal Type & Treatment Type, Country – Forecast 2024” – https://www.reportlinker.com/p05974266/?utm_source=GNW
The animal treatment market has witnessed a paradigm shift from conventional veterinary diagnostic procedures to advanced ones.In 2019, ~70-80% of farm animals in developed economies and ~60-70% of farm animals in emerging countries received basic medicalization.
The rate of basic medicalization is projected to increase in the coming years owing to the increasing animal welfare initiatives and the improving regulatory framework.Several countries involved in the animal treatment market have been developing superior quality and highly efficient veterinary products.
This has further boosted the growth of the animal treatment market.
The treatment rate in dogs has been growing since 2018, owing to the growing awareness levels regarding animal diagnostic services.
Based on animal type, the animal treatment market has been segmented into dogs, cats, pigs, horses, poultry, and cattle.During the course of the study, positive growth trends have been observed in the case of companion animals.
Increasing pet ownership rates and rising pet expenditure are supporting the medicalization trends in companion animals such as dogs and cats.Moreover, stringent laws have been framed for maintaining the health of dogs and cats.
For instance, in the US, the government enforces strict actions against pet owners for neglecting the health of their companion animals.Furthermore, pet owners have to abide by certain pet health norms before adoption.
These factors have resulted in