25
According to the latest report by IMARC Group, titled
“Animal Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global animal health market reached a value of US$ 48.1 Billion in 2020. On account of these factors, the Animal Health Market value is projected to strong growth during 2021-2026. Animal health is one of the most prominent factors that influence the overall productivity of farmers. Regular monitoring of animal health helps in ensuring a safe food supply and preventing the outbreak of various zoonotic diseases. Some of these diseases include feline leukemia, Lyme disease, and tick infestation. The concept of animal health involves the development and production of veterinary drug products that are required to be approved for marketing as well as tested for human toxicology, environmental impacts, and residue levels. These medicines are broadly categorized as pesticides, pharmaceuticals and biologics.