Wildlife Health Market To Hit Value .67 Billion By 2030 |Grand View Research, Inc.Posted by Mrudula Anil Karmarkar on August 8th, 2023 San Francisco, 08 August 2023: The ReportWildlife Health Market Size, Share & Trends Analysis Report By Animal Type (Mammals, Birds), By End-use (Wildlife Sanctuaries, Zoos), By Product (Equipment & Consumables, Medicine), By Route Of Administration , By Region, And Segment Forecasts, 2023 - 2030 The global wildlife health market size is expected to reach USD 4.67 billion by 2030, registering a CAGR of 9.89% over the forecast period, according to a new report by Grand View Research, Inc. The demand for zoonotic disease prevention, sustainable ecosystem management, and animal conservation are driving the market. The market landscape is being shaped by cutting-edge technology, greater investment, and the adoption of the ‘One Health’ strategy. The quadripartite Organizations - FAO (Food and Agriculture Organization, UN, WOAH (World Organization for Animal Health), WHO (World Health Organization), and UNEP (United Nations Environment Programme) - collaboratively developed ‘One Health Joint Plan of Action (2022-2026)’ to enhance the conservation of wildlife management and overall animal & human wellbeing. The effective management of wildlife health requires cooperation amongst stakeholders, including governmental organizations, academic institutions, conservation groups, and local populations. Innovative ideas and enhanced conservation outcomes can result from the creation of platforms for information sharing and cooperation. For instance, in September 2021, a cooperative agreement was signed by Virbac and Jectas Innovators for the development of animal health vaccines. The emergence of COVID-19 has emphasized the value of researching zoonotic illnesses or infections from wild animal reservoirs. To stop future outbreaks and safeguard the well-being of humans and wildlife, it is essential to look into the origins, transmission routes, and potential hosts of zoonotic illnesses. Although the vulnerability of many wildlife species to COVID-19 has not been thoroughly investigated, some preliminary study suggests that some animals, like minks, may be able to contract the virus. COVID-19 outbreaks in mink farms occurred in a number of nations, which necessitated the mass killing of afflicted animals to stop the virus's spread. Initiatives to promote veterinary care for wild animals in zoos, sanctuaries, and national parks, among others, have been implemented by various wildlife resources and organizations. For instance, the World Wildlife Fund (WWF) has been collaborating with partners from nearly 100 countries to sustain the healthcare of wildlife and people. The organization has over 5 million members registered globally, with over 1.3 million in the U.S. Similarly, the Association of Zoos and Aquariums (AZA) funds more than 2,500 wildlife conservation projects in over 100 countries worldwide. These measures are largely boosting the growth of the market. Some of the key factors driving the market include the increasing number of emerging & re-emerging zoonotic diseases from wild animal origins, growing government intervention in protecting wildlife Animal health by acknowledging its interconnectedness with human health, collaboration framework of multiple public sectors to promote wildlife conservation with funded programs, and growing establishments of national parks, zoos, and animal protection sanctuaries with standardized animal care. For instance, the Indian Ministry of Environment, Forest, and Climate has launched the “Vision-Plan 2021 - 2031” strategy that focuses on strengthening Central Zoo Authority and transforming Indian zoos with global standards to have advanced animal care. Request sample report of Wildlife Health Market@https://www.grandviewresearch.com/industry-analysis/wildlife-health-market-report/request/rs1 Wildlife Health Market Report Highlights
The COVID-19 infection brought unprecedented changes in wildlife activities, with extensive lockdown measures and supply chain disruptions. According to an article published on May 2022 by the National Library of Medicine, the pandemic-imposed restrictions on movements have simultaneously reduced the patrolling and monitoring activities in several areas of wildlife facilities. The reduced forest-law enforcement, in turn, has increased the opportunities for illegal wildlife hunting by poachers. Furthermore, the pandemic has delayed funding services for wildlife management in several parts of the globe. For instance, according to the Euro Group for Animals Organization, the pandemic has delayed public funding to provide free emergency care for distressed & injured wild animals. Wildlife Health Market Report Scope
List of Key Players in the Wildlife Health Market
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