Animal Biotechnology Market is expected to boom at CAGR +6% by the term of 2021-28.
Animal biotechnology is a branch of biotechnology in which molecular biology techniques are used to genetically engineer (i.e. modify the genome of) animals in order to improve their suitability for pharmaceutical, agricultural or industrial applications.
The data published by the American Pet Products Association, in 2018, states that the total pet healthcare expenditure has been estimated to be USD 72.13 billion, while that in 2017 was found to be USD 69.51 billion.
Animal biotechnology include creating transgenic animals (animals with one or more genes introduced by human intervention), using gene knock out technology to make animals with a specific inactivated gene and producing nearly identical animals by somatic cell nuclear transfer (or cloning).
North America is expected to dominate the Animal Biotechnology Market
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The global players into the animal biotechnology market are:
Bayer AG, Biogenesis Bago, Boehringer Ingelheim GmbH, Ivaoes, LLC, Merck & Co, Pfizer Inc., Santa Cruz Biotechnology, Inc., Virbac and Zoetis Inc.
A thorough analytical review of the pertinent growth trends influencing the Animal Biotechnology market has been demonstrated in the report to affect unbiased and time-efficient business discretion amongst various leading players, seeking a strong footing in the competitive landscape of the Animal Biotechnology market, which regularly gets influenced in a major way by the ongoing micro and macro-economic factors having a lingering set of implications on the global growth trends of the aforementioned market.
A new market report documentation has been added with extensive research elements, evaluating the diverse growth propellants in the Global Animal Biotechnology Market. The report is a mindful representation of robust research activities undertaken by in-house research experts who have critically imbibed the output of various primary and secondary research endeavors in a bid to comprehend the impact of COVID-19 reflected upon the growth trajectory of the Animal Biotechnology market.
Animal Biotechnology Market Report Segment: by product type
- Diagnostic Tests
- Reproductive & Genetic Products
Animal Biotechnology Market Report Segment: by application
- Development of Animal Pharmaceuticals
- Food Safety and Drug Development
Animal Biotechnology Market Report Segment: by region
- Asia Pacific
- North America
- South America
- Middle East & Africa
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Owing to the sudden onset of dynamic macro-economic factors such as the outrage of COVID-19, the Animal Biotechnology market has been thoroughly affected by the current developments, thus manifesting in a myriad alterations and tangible deviations from the regular growth course of the Animal Biotechnology market.
The following sections of this versatile report on Animal Biotechnology market specifically sheds light on popular industry trends encompassing both market drivers as well as dominant trends that systematically affect the growth trajectory visibly. The report also sheds substantial light on all major key producers dominant in the Animal Biotechnology market, encompassing versatile details on facets such as production and capacity deductions. Substantial light has also been shed upon other key elements such as overall production, activities practiced by key players, best of the industry practices.
Some Major TOC Points:
Chapter 1. Report Overview
Chapter 2. Global Growth Trends
Chapter 3. Market Share by Key Players
Chapter 4. Breakdown Data by Type and Application
Chapter 5. Market by End Users/Application
Chapter 6. COVID-19 impact on Animal Biotechnology Market
Chapter 7. Opportunity Analysis in Covid-19 Crisis
Chapter 9. Market Driving Force
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