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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.
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