Animal Health Market Estimated At USD 112.36 Billion By 2030
San Francisco, 9 Jan 2024: The Report Plastic Compounding Market Size, Share & Trends Analysis Report By Product (PP, PET, TPV, TPO, PVC, PBT, ABS), By Application (Automotive, Electrical & Electronics, Construction), By Region, And Segment Forecasts, 2023 - 2030 The global animal health market size is expected to reach USD 112.36 billion by 2030, expanding at 8.8% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is driven by increased investments in animal health R&D, increased diagnostic rates, initiatives by key companies, and increased animal health expenditure. The market has also remained largely resilient during the COVID-19 pandemic. The market especially for the companion animal segment was positively impacted during late 2020 and 2021, due to increased pet adoption rates, pet humanization trends, and improved overall diagnostics business sales with increased awareness among pet parents. During 2022 and 2023 however, ma