As per the latest study by Future Market Insights, the global veterinary disinfectant for pets and farms market is set to surge, reaching a staggering valuation of approximately US$ 7.3 Billion by the year 2033, showcasing a remarkable Compound Annual Growth Rate (CAGR) of 7.7%. The market is slated to witness an upward trajectory, building upon a valuation of US$ 3.5 Billion by the end of 2023.
This significant growth is underlined by a recent report indicating the dominance of iodine-based disinfectants, projected to capture an estimated share of around 52.4% within the global market by the end of 2023. The escalating adoption of these disinfectants underscores their efficacy and reliability in maintaining a safe and hygienic environment for pets and farms, thus propelling the market growth substantially.
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The anticipated expansion of the Veterinary Disinfectant market is attributed to the heightened awareness among pet owners and farm managers regarding the importance of stringent hygiene practices. This trend is coupled with the increasing emphasis on animal welfare and biosecurity measures across veterinary practices and agricultural settings.
Key participants within the industry are working on developing unique methods of cleaning and disinfecting animals along with animal facilities. This is predicted to lead to faster growth within the market for veterinary disinfectants for pets and farms in the coming years. Furthermore, various governments are now actively focusing on raising awareness about veterinary products, which is projected to drive the animal disinfectant market’s growth throughout the forecast period. The World Veterinary Association recently published the first-ever worldwide list of necessary veterinary drugs for cattle on January 25, 2021. The list includes efficient and cost-effective basic medications and immunizations that should be accessible in every country and from every veterinarian.
Key Takeaways:
Animal disinfection products are actively being released by dominant market participants. This factor is anticipated to fuel the market expansion over the projection period. In order to prevent the widespread of diseases to both people and animals, key market players are using disinfecting veterinary equipment, the hands of the medical staff at veterinary clinics, and other surfaces.
The global expansion of the veterinary industry is attributed to the increase in pet ownership, accelerated adoption of pet insurance, pet humanization among the expanding urban populations around the world, and increased social media awareness of the need for animal welfare.
Two crucial advances within the treatment center market comprise the usage of big data in veterinary care to efficiently identify and analyze potential illnesses along with wearables to monitor pet health. Wearables give data to owners, farmers, and veterinarians about body temperature, heart rate, respiration rate, pH levels, and other vital signs.
Across various veterinary testing facilities, few tests are carried out efficiently in chemistry, pathology, endocrinology, serology, hematology, and microbiology. Two of the newest diagnostic techniques used in veterinary laboratories are DNA testing and protein tests.
The number of livestock is on a rise globally. The population of livestock and poultry witnessed a significant rise over the years preceding 2021. This trend is common specifically in developing countries like China, India, and Brazil.
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Competitive Landscape:
Attributing to significant advancements in biotech, artificial intelligence, genomics, cloud computing, and big data technology, the veterinary healthcare market in the United Kingdom has been rapidly changing in recent years. This has led to competition between major animal health companies and partnerships with cutting-edge start-ups.
Over recent years, there have been numerous mergers and acquisitions in the industry due to which the market is expected to be competitive. The powerful CEOs of prominent companies prioritize commercialization, new product launches, and strategic alliances for company growth. Furthermore, in order to develop unique products and increase revenue, many businesses invest heavily in research.
More Insights into the Veterinary Disinfectant for Pets and Farms Market:
The North American region is anticipated to dominate the global veterinary disinfectant for pets and farms market. The United States is set to account for about 23.5% of the total market share by 2023 and is expected to continue to experience the same growth throughout the forecast period.
Key Market Players:
- Neogen Corporation,
- GEA,
- Lanxess AG,
- Zoetis,
- Kersia Group,
- CID Lines,
- Albert Kerbl GmbH,
- PCC Group,
- Laboratoires Ceetel- CMPC,
- G Sheperd Animal Health,
- Sanosil AG
Key Market Segments Covered in Veterinary Disinfectant for Pets and Farms Industry Research:
Product:
- Iodine
- Lactic Acid
- Hydrogen Peroxide
- Phenolic Acid
- Peracetic Acid
- Quaternary Compounds
- Chlorine
- Chlorine Dioxide
- Chlorohexidine
- Glut-Quat Mixes
- Glycolic Acid
- Others
Application:
- Dairy Cleaning
- Swine
- Poultry
- Equine
- Dairy Ruminant
- Aquaculture
Form:
- Liquid
- Powder
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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