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Rising awareness regarding animal health products, increasing demand for protein-rich food including meat, milk, eggs, and fish, growing incidence of zoonotic and food-borne diseases, increasing trend of companion animal adoption, and rising investments in research and development of medications & vaccines for animal care are some of the key factors driving the global animal health market.

Animal health is a medical disciple that focuses on the treatment of veterinary diseases, disorders, and injuries as well as their prevention, detection, and control. It covers a wide range of animal species, including the domesticated and wild, with an extensive range of conditions that affect several species. It entails providing proper care for animals through the use of vaccines, anti-infective and anti-parasitic drugs, pharmaceutical specialty products, performance technologies, and value-added programs, such as livestock data management tools.

Modernizations in Animal Health Market

Technical advances, innovations, and emerging technologies from artificial intelligence to stem cell therapy and new generations of vaccines, have provided greater opportunities to predict, prevent, diagnose and treat animal illness more quickly, accurately, and safely. Due to the development of new medicines and vaccinations for animal health, veterinary researchers and developers continue to make strides in limiting disease spread and its impact.

Recently, a number of technical advancements have been created to enhance animal welfare, including:

In April 2022, Zoetis announced its latest innovation in diagnostics with the addition of artificial intelligence (AI) blood smear testing to its multi-purpose platform, Vetscan ImagystTM

In June 2021, Vetoquinol announced the launch of a new device called Phovia for faster skin recovery in dogs and cats

“A new wave of innovation from smart sensors that continually monitor vital signs and AI-driven prediction technologies to mRNA vaccines, feed supplemented with health-boosting ingredients, and many more scientific advances offer enormous potential for better animal health.”- President, Global Operations, Animal Health Company, United States

Explore Premium Report on Animal Health Market @ https://meditechinsights.com/animal-health-market/

Increased Pet Animals Adoption for Companionship & Communities

Pet ownership has skyrocketed across the globe. In large markets, Over 50% of households currently own a pet which rises to over 80% in nations like Brazil and Argentina. This reflects the increased recognition that pets are not only companions but offer tangible benefits to our health and happiness. Additionally, pet owners are more likely to get to know their neighbourhood than those without pets, which can lead to more community engagement and improves the quality of life and relationships. Rise in companion animal ownership is anticipated to boost the consumption of parasiticides antimicrobial & antibiotics, vaccines, feed additives, and growth promoters in the upcoming years.

Companies Implementing both Organic & Inorganic Growth Strategies to Increase their Market Share

Players operating in global animal health market are adopting both organic and inorganic growth strategies such as collaborations, acquisitions, funding, and new product launches to garner market share.

For instance,

In June 2022, Boehringer Ingelheim and CarthroniX announced that they have entered into a research collaboration to pursue small molecule therapeutics in canine oncology. The collaboration will focus on identifying new molecules to target cancers in dogs.

North America is likely to maintain its dominance in the upcoming years

Geographically speaking, North America holds a major market share of the animal health market. This can be attributed to an increasing number of pet owners in this region - more than 67% of American households own pets, increasing occurrence of zoonotic diseases, technical developments & surge in research and development activities by prominent players in this region.

Competitive Landscape Analysis of Animal Health Market

Some of the key players operating in the global animal health market include Merck Animal Health, Ceva Sante Animale, Vetoquinol S.A., Zoetis, Boehringer Ingelheim, Elanco, and IDEXX, among others.

For More Comprehensive Insights, Contact Us @ https://meditechinsights.com/contact-us/

About Medi-Tech Insights

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies,  blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

Contact:

Ruta Halde

Associate, Medi-Tech Insights

+32 498 86 80 79

The Cold Plasma Market is expected to witness a CAGR of ~16% from 2021 to 2026. Growing usage of cold plasma in wound healing, the increasing occurrence of cold plasma in cancer & infectious disease treatment, rising awareness regarding cold plasma in medical, electronics & electrical, textile & food industries, and increasing demand for environment-friendly cold plasma techniques are some of the key factors driving the global cold plasma market.

Rising Acceptance of Cold Atmospheric Plasma (CAP) Therapy in Wound Healing

One of the newest and most innovative techniques in the field of plasma medicine is called cold atmospheric plasma therapy. It contains of a mixture of reactive species that convey antimicrobial activity and affect human tissues. Due to its environment-friendly and non-invasive nature, this technique has been admired and encouraged to use in different therapeutic regimes like wound healing, tissue regeneration, and skin infection management. Atmospheric pressure cold plasmas could affect different stages of wound healing by helping to activate microorganisms in the first stage and stimulate skin-related cell proliferation and migration in the following period.

Utilizing Cold Plasma in Oncology and Dentistry Boost the Cold Plasma Market Demand

Cold (non-thermal) plasma treatment can be used to stop or eliminate infections from bacteria, bacterial biofilms, fungi, and viruses. Prospects of cold plasma in dentistry and oncology look promising due to its anti-microbial properties and its cell death properties on cells. In dentistry, cold plasma showed promising results in tooth bleaching, deactivation of biofilms in teeth, instrument sterilization, and composite restoration. Promising findings obtained from in vivo and in vitro studies of cold plasma in oncology show that it will find its niche in the treatment of cancer patients in the future. However, more studies need to be performed regarding the mechanism of action.

“The market will be driven by the increasing use of innovative technology. For instance, the extensive uses of dielectric barrier discharge (DBD) and the non-equilibrium atmospheric pressure plasma jet (N-APPJ) plasma discharge methods have been very effective in various biomedical applications.” - Chief Researcher, Cold Plasma Product Manufacturer, United States

Explore Premium Report on Cold Plasma Market @ https://meditechinsights.com/cold-plasma-market

Asian Cold Plasma Market Set to Soar

APAC is predicted to experience considerable growth in the future years, due to the adoption of technologically advanced cold plasma products in the healthcare industry, increasing demand for decontaminated frozen food, and growing manufacturing of semiconductor, textile, and polymer industries in this region. The development in the European region market is attributed to increasing research and development activities, the availability of various FDA-approved products, and the presence of some of the key players in this region.

Companies Adopt Both Organic & Inorganic Growth Strategies to Increase their Market Share

Players operating in the global cold plasma market are accepting organic and inorganic growth strategies such as collaborations, acquisitions, and new product launches to gather market share.

For instance,

In October 2021, Plasmacure secured a new series of funding from a consortium with Topfonds Gelderland, NextGen Ventures, European Innovation Council (EIC) Fund, and Credential B.V. (a group of informal investors) to carry out clinical studies and to sell their product internationally

In October 2021, Reylon Plasma announced the launch of its compact integration solution piezobrush ® PZ3-I in Bondexpo trade fair preview. The compact integration solution is suitable for a wide variety of surface applications

Competitive Landscape Analysis of Cold Plasma Market

Some of the key players operating in the global cold plasma market include Apyx Medical Corporation, Nordson Corporation, P2i, and Relyon Plasma GmbH, among others.

For More Comprehensive Insights, Contact Us @ https://meditechinsights.com/contact-us/

About Medi-Tech Insights

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

Contact:

Ruta Halde

Associate, Medi-Tech Insights

+32 498 86 80 79

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