OREANDA-NEWS. The animal healthcare market has undergone a transformation, solving the grievances of pet owners and saving the cattle that is integral to the poultry industry. This market has been an answer to a wide array of health issues faced by animals that are domesticated or reared. For instance, the revolutionary transformation of agrochemical pesticides into safe and effective topical applications for treating ticks and flea made owning pets a cleaner deal. 
 
Simple changes, such as lacing treats with medications, which bridged the gap between meting out treatments to animals that do not have the intelligence of taking timely dosages have been instrumental in driving the animal healthcare market. Beyond these changes that may seem simple are some of the remarkable innovations. The global animal healthcare market has been riding on the ground-breaking therapeutics devised by industry experts and a growing interest among caregivers to adopt these treatments. 
 
Q. What will drive the progress of global animal healthcare market?
A. A recently published report by Transparency Market Research states that the global animal healthcare market will reach nearly US$41.93 bn by the end of 2019 from US$27.86 bn in 2013. The market is expected to expand at a steady CAGR of 7.1% from 2014 to 2019. Besides the economic and social forces steering the future of the global animal healthcare market, consistent innovations by key operating players will also have a significant impact.
 
Elanco Products Company, Vetoquinol, Boehringer Ingelheim Gmbh, Virbac SA, Merck & Co. Inc., Ceva Sante Animale, Novartis Animal Health Inc., Merial Ltd., Zoetis Inc., and Bayer AG are some of the important companies in the overall animal healthcare market. Analysts predict that burgeoning demand for dairy products and a high incidence of diseases in animals and the contraction of the same by humans are expected to drive this market in the foreseeable future.
 
Q. How will the feed additives segment drive the global animal healthcare market?
A. Needless to say, innovation will push the global animal healthcare market, outlining certain segments of the veterinary sector. For instance, the feed additives segment holds the biggest share in the overall market due to a sudden boom in the animal population. Feed additives play a significant role in the growth and development of livestock, which in turn is closely related to human nutrition. Owing to this, several breeders and manufacturers are developing enhanced nutritional solutions that boost the quality of life of animals and their well-being.