(MENAFN Editorial) Well it is an established fact that the United States of America has the strongest healthcare system in the world, and to add to it, it would not come as a surprise that its animal health care system is also the world's best. It would not be wrong to say that North America cares for and loves animals more than any other country in the world. The above is not a shot over the top as the latter part of the article which includes figures and facts regarding the same will justify the same. North America is the leader in each and every segment of theveterinary healthcare market ranging from diagnostics, anti-infective market, medicinal feed or even vaccines. North America leads the global market, not only for now but as well as in the foreseeable future, and it anticipated to lead in all the segments of the market.

The major factors behind such astounding market leadership include the willingness to pay of the people who own pet animals, the rise in availability of treatment options and the increasing demand for supplements. The increasing health consciousness of consumers regarding the how and what their food is leading to tougher regulations on the rearing and feeding practices of farm animals. However, arable land availability and the cut throat competition for land may act as restraints on the growth of the market, as reduced demand can hamper livestock production.

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Based on recent data on the market, the healthcare market of animals has translated from management of animal healthcare for better livestock production to the provision of safer food consumption alternatives to the consumers. The above has occurred as an outcome of demand pressures, which have a played a major role in the rapid growth of the veterinary healthcare market in North America. Furthermore, innovation in the market is being driven by the rising number of zoonotic cases coupled with an increase in foodborne diseases, which have resulted in stricter regulation norms and procedures of testing in the region of North America.

Let us now have a look at the data which will justify the above claims and statements. As per the latest report, the North America Veterinary Healthcare Marketis currently valued at $7.83 billion in 2016 and is expected to reach $10.73 billion by the end of 2021 with a significant Compound annual growth rate (CAGR) of 6.5%. The market is categorized based on the animal type and products. Based on animal type, the market is analyzed as companion animals and farm animals. The vaccines segment of the market accounts for the highest market share of more than $4.5 Billion, and is further set to grow owing to the demand factors mentioned previously in the article. The anti-infective segment comes in second capitalizing about $2 Billion.

The animal healthcare in North America was and is booming!

And it is only going to get better.

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