Market Research Forecasts Animal Therapeutics & Diagnostics Market at $42 Billion by 2016
(firmenpresse) - ROCKVILLE, MD -- (Marketwire) -- 07/02/12 -- MarketResearch.com has announced the addition of the new report "Animal Therapeutics and Diagnostics," to their collection of Veterinary Health market reports. For more information, visit:
The total market for animal therapeutics and diagnostics was $30 billion in 2011, up from $25 billion in 2008. By 2016, this market is likely to exceed $42 billion, with a five-year compound annual growth rate (CAGR) of 7.2% from 2011 through 2016.
The pharmaceutical segment accounts for the largest percentage of revenue with nearly 48%. Sales for this segment reached $14.3 billion in 2011 and are expected to increase to nearly $21.0 billion by 2016, a CAGR of 7.5%.
Feed additives represent the second-largest market segment, with a total market value of $8.3 billion in 2011. This segment is forecast to grow at a CAGR of 5% during the next five years and reach $10.6 billion by 2016.
For more information, visit:
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance. For more information, call Veronica Franco at 240-747-3016 or visit .
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Veronica Franco
MarketResearch.com
240.747.3016
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Datum: 02.07.2012 - 03:08 Uhr
Sprache: Deutsch
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