Global Animal Health Market Size Study, by Product (Biologics, Pharmaceuticals, Others), Animal Type, Distribution Channel, End Use, and Regional Forecasts 2022-2032
The Global Animal Health Market was valued at approximately USD 135.53 billion in 2023 and is anticipated to grow at a robust compound annual growth rate (CAGR) of 9.0% over the forecast period from 2024 to 2032. This rapid expansion highlights the critical role animal health plays in ensuring food safety, enhancing livestock productivity, and meeting the increasing global demand for protein. Simultaneously, the adoption of companion animals has amplified the demand for innovative healthcare solutions.
The market is primarily driven by advancements in biologics and pharmaceuticals, enabling targeted treatment and disease prevention across diverse animal types. From vaccines addressing zoonotic diseases to antibiotics ensuring livestock productivity, these products are pivotal in enhancing animal well-being. The proliferation of distribution channels, particularly in emerging economies, ensures access to critical animal health products, while end users such as veterinary hospitals and clinics underscore the significance of professional intervention in maintaining animal health standards.
However, the industry faces challenges, including stringent regulatory frameworks and increasing public scrutiny regarding the use of antibiotics in livestock. Rising operational costs in the production and distribution of healthcare solutions also present hurdles. Nevertheless, the increasing shift towards sustainable farming practices and the integration of digital health technologies offer substantial opportunities for growth, particularly in monitoring and managing livestock health in real time.
Regionally, North America continues to dominate the Animal Health Market, supported by its advanced veterinary healthcare infrastructure, high pet ownership rates, and strong regulatory frameworks. Europe closely follows, leveraging government policies promoting sustainable livestock farming. Meanwhile, the Asia-Pacific region is poised to experience the fastest growth, driven by rising disposable incomes, expanding livestock populations, and increased awareness about animal welfare in countries such as China and India.
Major market players included in this report are:
• Merck Animal Health
• Zoetis Inc.
• Elanco Animal Health Incorporated
• Boehringer Ingelheim
• Ceva Santé Animale
• Virbac
• IDEXX Laboratories, Inc.
• Bayer Animal Health
• Phibro Animal Health Corporation
• Dechra Pharmaceuticals PLC
• Vetoquinol S.A.
• Neogen Corporation
• SeQuent Scientific Ltd.
• HIPRA
• Evonik Industries AG
The detailed segments and sub-segment of the market are explained below:
By Product:
• Biologics
• Pharmaceuticals
• Others
By Animal Type:
• Livestock Animals
o Cattle
o Swine
o Poultry
o Others
• Companion Animals
o Dogs
o Cats
o Horses
o Others
By Distribution Channel:
• Veterinary Clinics
• Pharmacies
• Online Retailers
• Others
By End Use:
• Veterinary Hospitals & Clinics
• Animal Farms
• Research Institutes
• Others
By Region:
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia
o South Korea
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
Years considered for the study are as follows:
• Historical Year – 2022
• Base Year – 2023
• Forecast Period – 2024 to 2032
Key Takeaways:
• Market estimates and forecasts spanning a decade, from 2022 to 2032.
• Comprehensive regional insights, including country-level analysis for major segments.
• Detailed examination of the competitive landscape and strategic initiatives by key players.
• Actionable recommendations for stakeholders to capitalize on emerging trends and opportunities.
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- Chapter 1. Global Animal Health Market Executive Summary 1.1. Global Animal Health Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Animal Type
- 1.3.3. By Distribution Channel
- 1.3.4. By End Use
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Global Animal Health Market Definition and Research Assumptions 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Animal Health Market Dynamics 3.1. Market Drivers
- 3.1.1. Advancements in Biologics and Pharmaceuticals
- 3.1.2. Increasing Adoption of Companion Animals
- 3.1.3. Growth in Livestock Productivity and Food Safety Demand
- 3.2. Market Challenges
- 3.2.1. Stringent Regulatory Frameworks
- 3.2.2. Public Scrutiny Over Antibiotic Use in Livestock
- 3.3. Market Opportunities
- 3.3.1. Sustainable Farming Practices
- 3.3.2. Integration of Digital Health Technologies
- 3.3.3. Expansion in Emerging Economies
- Chapter 4. Global Animal Health Market Industry Analysis 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Animal Health Market Size & Forecasts by Product 2022-2032 5.1. Segment Dashboard
- 5.2. Global Animal Health Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Biologics
- 5.2.2. Pharmaceuticals
- 5.2.3. Others
- Chapter 6. Global Animal Health Market Size & Forecasts by Animal Type 2022-2032 6.1. Segment Dashboard
- 6.2. Global Animal Health Market: Animal Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Livestock Animals
- 6.2.1.1. Cattle
- 6.2.1.2. Swine
- 6.2.1.3. Poultry
- 6.2.1.4. Others
- 6.2.2. Companion Animals
- 6.2.2.1. Dogs
- 6.2.2.2. Cats
- 6.2.2.3. Horses
- 6.2.2.4. Others
- Chapter 7. Global Animal Health Market Size & Forecasts by Distribution Channel 2022-2032 7.1. Segment Dashboard
- 7.2. Global Animal Health Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Veterinary Clinics
- 7.2.2. Pharmacies
- 7.2.3. Online Retailers
- 7.2.4. Others
- Chapter 8. Global Animal Health Market Size & Forecasts by End Use 2022-2032 8.1. Segment Dashboard
- 8.2. Global Animal Health Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Veterinary Hospitals & Clinics
- 8.2.2. Animal Farms
- 8.2.3. Research Institutes
- 8.2.4. Others
- Chapter 9. Global Animal Health Market Size & Forecasts by Region 2022-2032 9.1. North America Animal Health Market
- 9.1.1. U.S. Animal Health Market
- 9.1.1.1. Biologics Breakdown Size & Forecasts, 2022-2032
- 9.1.1.2. Pharmaceuticals Breakdown Size & Forecasts, 2022-2032
- 9.1.1.3. Others Breakdown Size & Forecasts, 2022-2032
- 9.1.1.4. Veterinary Hospitals & Clinics Breakdown Size & Forecasts, 2022-2032
- 9.1.2. Canada Animal Health Market
- 9.2. Europe Animal Health Market
- 9.2.1. UK Animal Health Market
- 9.2.2. Germany Animal Health Market
- 9.2.3. France Animal Health Market
- 9.2.4. Spain Animal Health Market
- 9.2.5. Italy Animal Health Market
- 9.2.6. Rest of Europe Animal Health Market
- 9.3. Asia-Pacific Animal Health Market
- 9.3.1. China Animal Health Market
- 9.3.2. India Animal Health Market
- 9.3.3. Japan Animal Health Market
- 9.3.4. Australia Animal Health Market
- 9.3.5. South Korea Animal Health Market
- 9.3.6. Rest of Asia Pacific Animal Health Market
- 9.4. Latin America Animal Health Market
- 9.4.1. Brazil Animal Health Market
- 9.4.2. Mexico Animal Health Market
- 9.4.3. Rest of Latin America Animal Health Market
- 9.5. Middle East & Africa Animal Health Market
- 9.5.1. Saudi Arabia Animal Health Market
- 9.5.2. South Africa Animal Health Market
- 9.5.3. Rest of Middle East & Africa Animal Health Market
- Chapter 10. Competitive Intelligence 10.1. Key Company SWOT Analysis
- 10.1.1. Merck Animal Health
- 10.1.2. Zoetis Inc.
- 10.1.3. Elanco Animal Health Incorporated
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Merck Animal Health
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. Zoetis Inc.
- 10.3.3. Elanco Animal Health Incorporated
- 10.3.4. Boehringer Ingelheim
- 10.3.5. Ceva Santé Animale
- 10.3.6. Virbac
- 10.3.7. IDEXX Laboratories, Inc.
- 10.3.8. Bayer Animal Health
- 10.3.9. Phibro Animal Health Corporation
- 10.3.10. Dechra Pharmaceuticals PLC
- 10.3.11. Vetoquinol S.A.
- 10.3.12. Neogen Corporation
- 10.3.13. SeQuent Scientific Ltd.
- 10.3.14. HIPRA
- 10.3.15. Evonik Industries AG
- Chapter 11. Research Process 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- List of Tables
- TABLE 1. Global Animal Health Market, Report Scope
- TABLE 2. Global Animal Health Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
- TABLE 3. Global Animal Health Market Estimates & Forecasts by Product 2022-2032 (USD Million/Billion)
- TABLE 4. Global Animal Health Market Estimates & Forecasts by Animal Type 2022-2032 (USD Million/Billion)
- TABLE 5. Global Animal Health Market Estimates & Forecasts by Distribution Channel 2022-2032 (USD Million/Billion)
- TABLE 6. Global Animal Health Market Estimates & Forecasts by End Use 2022-2032 (USD Million/Billion)
- TABLE 7. Global Animal Health Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 8. Global Animal Health Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 9. Global Animal Health Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 10. Global Animal Health Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 100. [Additional Tables as per Final Report]
- Note: This list is not complete. The final report contains more than 100 tables. The list may be updated in the final deliverable.
- List of Figures
- • FIGURE 1. Global Animal Health Market, Research Methodology
- • FIGURE 2. Global Animal Health Market, Market Estimation Techniques
- • FIGURE 3. Global Market Size Estimates & Forecast Methods
- • FIGURE 4. Global Animal Health Market, Key Trends 2023
- • FIGURE 5. Global Animal Health Market, Growth Prospects 2022-2032
- • FIGURE 6. Global Animal Health Market, Porter’s 5 Force Model
- • FIGURE 7. Global Animal Health Market, PESTEL Analysis
- • FIGURE 8. Global Animal Health Market, Value Chain Analysis
- • FIGURE 9. Global Animal Health Market by Segment, 2022 & 2032 (USD Million/Billion)
- • FIGURE 10. Global Animal Health Market by Segment, 2022 & 2032 (USD Million/Billion)
- • FIGURE 50. [Additional Figures as per Final Report]
- Note: This list is not complete. The final report contains more than 50 figures. The list may be updated in the final deliverable.
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