Veterinary Market
The UK veterinary industry encompasses various veterinary health products such as biologicals, medicated feed additives and veterinary pharmaceuticals. Animal health product ranges are becoming more extensive, now including metabolic drugs, anti-infectives, reproductive aids, feed additives, vaccines, imaging diagnostics, topical solutions and parasite controls. Pet owners are spending more and more on caring for their pets’ health. In the UK, consumer spending on domestic animals is forecast to reach record levels over the coming next two years. Pet health product demand at the manufacturer level is expected to rise almost 6% during 2015.
Market growth will be fuelled by an expanding pet population and changing attitudes that see owners treat their pets as companions or family members. Due to this new trend, the pet health market has fared the economic recession in previous years well, with owners reluctant to cut back on pet spending
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