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Veterinary Pharmaceuticals Market Opportunities And Strategies – Global Forecast To 2030
The Business Research Company’s Veterinary Pharmaceuticals Market Report - Opportunities And Strategies - Global Forecast To 2030
LONDON, GREATER LONDON, UK, May 11, 2021 /EINPresswire.com/ Increasing penetration of pet insurance is expected to drive the veterinary medicine market. Globally, the pet insurance market is largely untapped, with extremely low penetration rates providing a large market opportunity. In developed economies such as the USA, the pet insurance penetration rate is around 1%, although in Western European countries such as the UK the penetration rate is around 20%. The pet insurance market in the USA is expected to grow, mainly driven by the increasing consumer awareness and rising disposable income of companion animal owners. Increasing penetration of pet insurance will increase the number of visits at veterinary clinics, supporting the use of veterinary pharmaceutic