Animal Health Market

Plastic Optic Fiber Market Report Thumbnail

Animal Health Market by Product (Vaccines, Pharmaceuticals, Medical Feed Additives, Diagnostic Products, and Others), by Animal Type (Livestock and Companion), by Distribution Channel (Pharmacies, Ecommerce, and Distributors), and by End User (Hospitals and Clinics, Reference Laboratories, Point-of-care Testing, and Others) - Global Opportunity Analysis and Industry Forecast 2023 – 2030

  • Facebook
  • Linkedin
  • Whatsapp

Market Definition:

The Animal Health Market size was valued at USD 50.10 billion in 2023 and is expected to reach USD 80.12 billion by 2030, with a CAGR of 7.0% from 2024 to 2030.

Animal health is important as healthy animals contribute to the elimination of hunger by contributing towards poultry farming along with the production of sustainable food. Tracking diseases in domestic and wild animals helps to keep them healthy. In accordance with the breed, different animals require different treatments and care. Maintaining animal health is also important to prevent disease outbreak among humans. The forces of globalization, expanding trade, threat of bioterrorism, reorganization of agricultural production into large commercial units and human interferences into wildlife habitats are some of the factors that are adversely affecting the health of animals.

Market Dynamics and Trends:

Growing demand for protein food, awareness regarding food-borne diseases, and subsequent increase in the number of companies undertaking consistent efforts to control pathogen contamination risks are expected to support the growth of global animal health market.

Also, government initiatives in creating animal healthcare facilities, subsidies on the products, and encouragement to manufacturers to launch innovative products through incentives and exemptions, and growing awareness about animal health on social media are expected to further propel the growth of animal health market during the forecast period.

However, high storage cost of animal vaccines and shifting of people towards vegetarian diets are some of the factors restraining the growth of the market. On the contrary, increasing government support for pet care across the globe and rising animal welfare organizations such as Friends of Animal, Four Paws, and Animal People are expected to create ample opportunities for the market in coming years.

 

Market Segmentations and Scope of the Study:

The global animal health market is analyzed on the basis of product, animal type, distribution channel, end user, and geography. On the basis of product, the market is further divided into vaccines, pharmaceuticals, medical feed additives, diagnostic products, and others. On the basis of vaccines, the market is sub-segmented into live attenuated vaccines, DNA vaccines, recombinant vaccines, inactivated vaccines, and other vaccines. On the basis of pharmaceuticals, the market is sub-categorized into vitamins, parasiticides, ectoparasiticides, endoparasiticides, antimicrobials, antibiotics, anti-inflammatory, and other pharmaceuticals. On the basis of diagnostic products, the market is sub-divided into instruments and consumables. On the basis of animal type, the market is segment into livestock and companion animal. On the basis of the distribution channel, the market is categorized into pharmacies, ecommerce, and distributors. On the basis of end users, the market is further classified into reference laboratories, hospitals and clinics, point-of-care testing, and others. Geographic breakdown and deep analysis of each of the aforesaid segments includes regions such as North America, Europe, Asia-Pacific, and RoW.

 

Geographical Analysis:

North America holds the dominant share of the animal health market which is expected to further boost during the forecast period. This is attributed to factors such as increasing number of pet owners in this region that are willing to spend money on animal healthcare products and services owing to their high disposable incomes. Moreover, rapid technological advancements and increasing research & development activities in the veterinary pharmaceutical industry support the market growth.

With the help of advanced technological systems, data produced in veterinary clinics can be uploaded on the internet and shared with other researchers as well as clinicians. This technology aids in facilitating real-time analysis of fluctuations in the prevalence of diseases and can create a sense of awareness regarding animal health. All these factors are expected to drive the growth of market in this region.

Moreover, Asia-Pacific is expected to show a steady rise in the market due to rapid rise in livestock population and increasing demand of animal-derived food products.  In addition, the presence of key players such as Ceva Animal Health, Inc., Vetina Healthcare LLP, and Elanco is expected to propel the demand in this region in the upcoming years. For instance, in January 2020, Vetina Healthcare LLP, a leading animal healthcare products and value-added service provider, launched 'Pawtect'. It is one of India's first pet medical cover for dogs and the company aims to eradicate the burden of pet's medical expenses by offering a range of plans to help their owners.

 

Competitive Landscape:

Various market players operating in the global animal health market include Zoetis Inc., Boehringer Ingelheim International GmbH, Merck & Co., Inc., Elanco Animal Health Incorporated, Nutreco N.V., Dechra Pharmaceuticals plc, Ceva Santé Animale, Virbac S.A., Phibro Animal Health Corporation and Indian Immunologicals Limited. These market players are adopting various strategies such as acquisitions and planning expansion of their businesses across various regions to maintain their dominance in the animal health Market.

For instance, in August 2021, Elanco carried out the acquisition of Kindred Biosciences. Through the acquisition, Elanco aims to consolidate and speed up its innovation, portfolio, and productivity (IPP) strategy.

Moreover, it plans to bring solutions for animal owners and veterinarians in the areas whether there are either unmet or under-served medical needs. Also, on the occasion of World Veterinary Day in April 2021, Hester Biosciences announced the launch of a new range of herbal veterinary products for the development of animal health.

Key Benefits:

  • The animal health market report provides a quantitative analysis of the current market and estimations from 2022 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep-dive analysis of the animal health market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints, and opportunities and their impact on the animal health market is provided in the report.

  • The competitive analysis of the market players and their market share in the animal health market is mentioned.

  • The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

  • The value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Animal Health Market Key Segments:

By Product

  • Vaccines

    • Live Attenuated Vaccines

    • DNA Vaccines

    • Recombinant Vaccines

    • Inactivated Vaccines

    • Other Vaccines

  • Pharmaceuticals

    • Vitamins

    • Parasiticides

    • Ectoparasiticides

    • Endoparasiticides

    • Antimicrobial and Antibiotics

    • Anti-Inflammatory

    • Other Pharmaceuticals

  • Medical Feed Additives

  • Diagnostic Products

    • Instruments

    • Consumables

  • Others

By Animal Type

  • Livestock

  • Companion

By Distribution Channel

  • Pharmacies

  • Ecommerce

  • Distributors

By End User

  • Hospitals and Clinics

  • Reference Laboratories

  • Point-of-care Testing

  • Others

By Geography

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • Italy

    • Spain

    • Netherlands

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Vietnam

    • Taiwan

    • Rest of Asia-Pacific

  • RoW

    • Latin America

    • Middle East

    • Africa

Key Players

  • Zoetis Inc.

  • Boehringer Ingelheim International GmbH

  • Merck & Co., Inc.

  • Elanco Animal Health Incorporated

  • Nutreco N.V.

  • Dechra Pharmaceuticals plc

  • Ceva Santé Animale

  • Virbac S.A.

  • Phibro Animal Health Corporation

  • Indian Immunologicals Limited

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Product (Vaccines, Pharmaceuticals, Medical Feed Additives, Diagnostic Products, and Others), by Animal Type (Livestock and Companion), by Distribution Channel (Pharmacies, Ecommerce, and Distributors), and by End User (Hospitals and Clinics, Reference Laboratories, Point-of-care Testing, and Others)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (U.K., Germany, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Taiwan, Vietnam, Rest of Asia-Pacific), Rest of the World (Latin America, Middle East, Africa)

Companies Profiled

Merck Animal Health, Ceva Sante Animale, Hester Biosciences, Zoetis, Boehringer Ingelheim GmbH, Elanco, IDEXX, Heska Corporation, Covetrus, and DRE Veterinary.

Bar chart Pie chart Pie chart

Download Free Sample

Please Enter Full Name

Please Enter Valid Email ID

Please enter Country Code and Phone No

Please enter message

Frequently Asked Questions

According to the report published by Next Move Strategy Consulting, the Animal Health market business is expected to hit at $80.12 billion (USD) by 2030.

North America is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

Zoetis Inc., Boehringer Ingelheim International GmbH, Merck and Co., Inc., Elanco Animal Health Incorporated, Nutreco N.V., Dechra Pharmaceuticals plc, Ceva Santé Animale, Virbac S.A., Phibro Animal Health Corporation and Indian Immunologicals Limited

The global Animal Health market share analysis is based on product, animal type, distribution channel, end user, and geography.

Currently (in 2023), the market value stands at USD 50.10 billion and it is anticipated to reach USD 80.12 billion by 2030.
popular
$4,975
$3,975
$6,975
$2,975

This website uses cookies to ensure you get the best experience on our website. Learn more