India’s Vet health industry guns for POST-COVID recovery

The India animal health market is currently witnessing strong growth. Animal health refers to the regular monitoring of the health of domesticated animals or livestock. It includes the development of veterinary drugs, pesticides, feed additives, pharmaceuticals and biologics. Furthermore, it involves ensuring constant food supply and preventing the outbreak of various zoonotic diseases. Effective practice of animal healthcare also helps in reducing the chances of inter-species infection in a veterinary or a domesticated situation. Major industries such as dairy in India are animal-dependent, owing to which the government invests significantly for improving the animal healthcare practices. According to IMARC Group, significant growth in the veterinary pharmaceutical industry is one of the key factors driving the growth of the market in India. In line with this, the rising prevalence of zoonotic diseases is also providing a boost to the market growth. Additionally, the widespread adoption of feed additives, which aid in enhancing the overall animal health while improving the quality of the produce, including milk, meat and eggs, is creating a positive outlook for the market. India’s veterinary health market was well placed for a stronger growth, but COVID-19 hit it quite hard. With the nation limping back to normal, traders are expecting the business to show steady and positive growth.