Global Animal Health Market Size, Trends, and Growth Opportunity by Animal Type (Production Animal, and Companion Animal), By Product (Vaccines, Pharmaceuticals, Feed Additives, Diagnostics, and Others), By Distribution Channel (E-commerce, Retail, and Veterinary Hospitals & Clinics), By Region, and Forecast till 2027.
Global Animal Health Market
The global animal health market was valued at USD 46.10 billion in 2021 which is expected to reach USD 70.87 billion by 2027, at a CAGR of 7.86% %from 2022-2027.
Animal healthcare is the care of animals through the use of appropriate pharmaceuticals such as vaccines and other drugs, animal diets, and diagnostic products. Increased animal health awareness, as well as an increase in disposable income, are predicted to contribute to the expansion of the entire animal health market.
Market Drivers
The rise in zoonotic disease incidences is the primary driving factor projected to fuel global animal health market growth. Furthermore, increased demand for animal goods as a result of pet adoption will have a favourable impact on market growth. Furthermore, increased knowledge of preventive measures and treatment availability will boost global expansion in the animal health industry. Additionally, increased investments in R&D activities and the development of innovative surgical procedures will accelerate market expansion throughout the forecast period.
Market Restraints
However, stringent animal regulations for new medicine approval are projected to stymie the global animal health market's expansion.
Market Segmentation
The global animal health market is segmented into animal type, such as production animals (swine, poultry, cattle, fish, and sheep and goats) and companion animals (horses, cats, dogs, and others), and Companion Animal (Horses, Cats, Dogs, and Others), by product type, such as vaccines, pharmaceuticals, feed additives, Diagnostics, and Others. The market is further segmented into distribution channels such as E-commerce, retail, and veterinary hospitals and clinics.
Regional Analysis
Further, the global animal health market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America dominated the animal health market Because of the large range of definite measures adopted by government animal welfare agencies that are continually seeking to improve overall animal health. Furthermore, technological developments, rising zoonotic disease prevalence, and an increasing number of pet owners are likely to drive market expansion in this country. Several joint efforts by big corporations to improve R&D capabilities and assure high-quality standards are expected to drive demand even higher in this region. Furthermore, the largest share can be linked to the region's high disease burden.
Market Key Players
Various key players are discussed in this report, such as Merck Animal Health, Ceva Sante Animale, Animal Health, Dechra Pharmaceuticals, Vetoquinol SA, Zydus, Intas Pharmaceuticals, Ltd., Bayer AG, Zoetis, Inc., and Boehringer Ingelheim GmbH.
Market Taxonomy
By Type
- Production Animal
- Swine
- Poultry
- Cattle
- Fish
- Sheep & Goat
- Companion Animal
- Horses
- Cats
- Dogs
- Others
- Vaccines
- Pharmaceuticals
- Feed Additives
- Diagnostics
- Others
- E-commerce
- Retail
- Veterinary Hospitals & Clinics
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Animal Health Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Animal Health Market, By Types
- 5.1 Y-o-Y Growth Comparison, By Types
- 5.2 Global Animal Health Market Share Analysis, By Types
- 5.3 Global Animal Health Market Size and Forecast, By Types
- 5.3.1 Cat
- 5.3.2Dogs
- 5.3.3Others
- 6 Global Animal Health Market, By Products
- 6.1 Y-o-Y Growth Comparison, By Products
- 6.2 Global Animal Health Market Share Analysis, By Products
- 6.3 Global Animal Health Market Size and Forecast, By Products
- 6.3.1 Production Animal
- 6.3.1.1Swine
- 6.3.1.2Poultry
- 6.3.1.3Cattle
- 6.3.1.4Fish
- 6.3.1.5Sheep & Goat
- 6.3.2 Companion Animal
- 6.3.2.1Horses
- 6.3.2.2Cats
- 6.3.2.3Dogs
- 6.3.3.4Others
- 7 Global Animal Health Market, By Distribution Channel
- 7.1 Y-o-Y Growth Comparison, By Distribution Channel
- 7.2 Global Animal Health Market Share Analysis, By Distribution Channel
- 7.3 Global Animal Health Market Size and Forecast, By Distribution Channel
- 7.3.1 Vaccines
- 7.3.2 Pharmaceuticals
- 7.3.3 Feed Additives
- 7.3.4Diagnostics
- 7.3.5Others
- 8Global Animal Health Market, By Region
- 8.1 Global Animal Health Market Share Analysis, By Region
- 8.2 Global Animal Health Market Share Analysis, By Region
- 8.3 Global Animal Health Market Size and Forecast, By Region
- 9 North America Animal Health Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Animal Health Market Share Analysis, By Types
- 9.3 North America Animal Health Market Size and Forecast, By Products
- 9.4 North America Animal Health Market Size and Forecast, By Distribution Channel
- 9.5 North America Animal Health Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10Europe Animal Health Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Animal Health Market Share Analysis, By Types
- 10.3 Europe Animal Health Market Size and Forecast, By Products
- 10.4 Europe Animal Health Market Size and Forecast, By Distribution Channel
- 10.5 Europe Animal Health Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.54. Rest of Europe
- 11Asia Pacific Animal Health Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Animal Health Market Share Analysis, By Types
- 11.3 Asia Pacific Animal Health Market Size and Forecast, By Products
- 11.4 Asia Pacific Animal Health Market Size and Forecast, By Distribution Channel
- 11.5 Asia Pacific Animal Health Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12Latin America Animal Health Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Animal Health Market Share Analysis, By Types
- 12.3 Latin America Animal Health Market Size and Forecast, By Products
- 12.4 Latin America Animal Health Market Size and Forecast, By Distribution Channel
- 12.5 Latin America Animal Health Market Size and Forecast, Country
- 13Middle East Animal Health Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle East Animal Health Market Share Analysis, By Types
- 13.3 Middle East Animal Health Market Size and Forecast, By Products
- 13.4 Middle East Animal Health Market Size and Forecast, By Distribution Channel
- 13.5 Middle East Animal Health Market Size and Forecast, By Country
- 14Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15Company Profiles
- 15.1 Merck Animal Health
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Ceva Sante Animale
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Animal Health
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Dechra Pharmaceuticals
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Vetoquinol SA
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Zydus
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Intas Pharmaceuticals, Ltd
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Bayer AG
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Zoetis, Inc
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Boehringer Ingelheim GmbH
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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