Animal Health Market Share, Size, Trends, Industry Analysis Report, By Animal Type (Production Animals, Companion Animals); By Product; By Distribution Channel; By End-Use; By Region; Segment Forecast, 2024- 2023

Animal Health Market Share, Size, Trends, Industry Analysis Report, By Animal Type (Production Animals, Companion Animals); By Product; By Distribution Channel; By End-Use; By Region; Segment Forecast, 2024- 2023

The global Animal Health Market size is expected to reach USD 149.02 billion by 2032, according to a new study by Polaris Market Research. The report “Animal Health Market Share, Size, Trends, Industry Analysis Report, By Animal Type (Production Animals, Companion Animals); By Product; By Distribution Channel; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Animal health refers to the overall well-being, soundness, and proper functioning of animals, both domesticated and wild. It encompasses a holistic approach to ensuring that animals are free from diseases, injuries, and mental distress, allowing them to thrive physically, mentally, and behaviorally. Animal health involves various aspects, including preventive care, timely vaccinations, appropriate nutrition, and access to veterinary services.

For domestic animals, such as pets and livestock, animal health also includes practices related to farming, proper housing, and disease management. In the context of wildlife, animal health is crucial for the conservation and sustainability of various species and ecosystems.

Effective management of animal health is not only essential for the well-being of individual animals but also plays a critical role in preventing and controlling the spread of diseases that can impact both animal and human populations. This interdisciplinary field combines veterinary science, biology, ecology, and other related disciplines to promote the health and welfare of animals across different environments and surroundings.

The surge in zoonotic diseases and food-borne infections stands as a pivotal catalyst propelling the growth of market revenue. Zoonotic diseases, widespread globally, account for infections in humans, transmitted through direct contact, proximity to infected animals, or consumption of contaminated food. Vaccines, particularly for zoonoses like rabies that pose a threat to animals, empower veterinarians to manage and curb the spread of the disease to humans, thereby bolstering revenue within the animal health market.

Ensuring the well-being of the national food supply necessitates the vigilant maintenance and regulation of animal health to thwart the onset of animal diseases and mitigate harm to livestock. The spectrum of Animal Healthcare encompasses adept treatment of medical conditions in animals, employing a judicious blend of medications, vaccinations, medicated animal foods, and diagnostic products.

Globally, sheep and goats are raised for their meat, milk, skins, and wool, serving as vital sources of income, sustenance, and materials for warm clothing. Given their diverse applications, these animals play a crucial role in supporting the livelihoods and needs of many people. However, like all animals, they are susceptible to a range of diseases, including bacterial, viral, and parasitic infections.

Monitoring and safeguarding the health of these animals is paramount to preventing disease outbreaks. Animals, at times, carry harmful germs that can be transmitted to humans, leading to illnesses. Particularly, certain animal diseases, classified as zoonotic diseases like anthrax and rabies, have the potential to transfer from animals to humans. This dynamic contributes to the revenue growth of the animal health market, highlighting the importance of comprehensive health management in both livestock and companion animals.

Animal Health Market Report Highlights

In 2023, the pharmaceutical segment held the largest share of the animal health market. Pharmaceuticals are widely used for the treatment of various conditions in animals, including infections, parasitic infestations, and chronic diseases. The continuous development of innovative drugs and therapies for different species contributes to the dominance of pharmaceuticals in the market.

The veterinary hospitals & clinics segment is expected to witness the fastest CAGR during the forecast period. Access to state-of-the-art diagnostic equipment, specialized treatments, and surgical procedures attracts more pet owners to these facilities. Veterinary hospitals and clinics provide comprehensive healthcare services, including preventive care, diagnostics, surgery, and specialized treatments.

In 2023, North America accounted for the largest market share due to the growing trend of pet humanization, which has led to increased spending on pet healthcare, developed veterinary infrastructure, and a significant livestock population.

The Asia Pacific region is expected to grow at the fastest CAGR during the forecast period due to increasing population and poultry farming to complete the milk and meat needs of Asian countries, which has led to an increase in the animal health market.

The global key market players include Boehringer Ingelheim Gmbh, Ceva Santé Animale, Dechra Pharmaceuticals Plc, Elanco, Idexx Laboratories, Inc., Mars Inc., Merck & Co., Inc., Vetoquinol S.A., Virbac, Zoetis.

Polaris Market Research has segmented the animal health market report based on animal type, product, distribution channel, end-Use, and region

Animal Health, Animal Type Outlook (Revenue - USD Billion, 2019 - 2032)

Production Animals

Goat

Sheep

Cattle

Poultry

Companion animals

Dogs

Cat

Horse

Others

Animal Health, Product Outlook (Revenue - USD Billion, 2019 - 2032)

Biologics

Vaccines

Inactivated (Killed)

Modified/ Attenuated Live

Other Vaccines

Other Biologics

Pharmaceuticals

Anti-inflammatory

Anti-infectives

Parasiticides

Analgesics

Others

Diagnostics

Consumables, reagents, and kits

Instruments and devices

Medicinal Feed Additives

Equipment & Disposables

Anesthesia Equipment

Critical Care Consumables

Patient Monitoring Equipment

Rescue & Resuscitation Equipment

Fluid Management Equipment

Temperature Management Equipment

Research Equipment

Others

Veterinary Telehealth

Veterinary Software

Livestock Monitoring

Animal Health, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

Retail

E-commerce

Hospital/ Clinic Pharmacy

Animal Health, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

Point-of-care Testing/In-house Testing

Veterinary Reference Laboratories

Veterinary Hospitals & Clinics

Others

Animal Health, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa