Insights into the Growing Demand for Animal Biotechnology and Its Impact on the Market

Tuesday, 12 March 2024, 10:31

The global animal biotechnology market is projected to reach a substantial value of $45.70 billion by 2030, primarily driven by the increasing need for genetically modified animals. Coherent Market Insights report delves into the product types, applications, animal types, and end users influencing this growth. The rise in demand for diagnostics tests, vaccines, drugs, and genetic advancements in animal biotechnology sector presents significant opportunities for market expansion.
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Insights into the Growing Demand for Animal Biotechnology and Its Impact on the Market

Global Animal Biotechnology Market Overview

The global animal biotechnology market is expected to witness substantial growth, with projections exceeding $45.70 billion by 2030.

Key Findings:

  • Product Types: Include diagnostics tests, vaccines, drugs, reproductive and genetic solutions, feed additives, among others.
  • Applications: Encompass diagnosis, treatment, preventive care of animal diseases, drug development, and more.
  • Animal Types: Divided into companion and livestock animals, catering to different market segments.
  • End Users: Veterinary laboratories, point-of-care testing facilities, and veterinary services are key consumers.

With a focus on genetic advancements and the surging demand for genetically modified animals, the animal biotechnology sector is poised for significant growth.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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