According to the latest report by IMARC Group, titled “Animal Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global animal health market share by company. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global animal health market size reached US$ 36.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.36% during 2023-2028.
Animal health involves taking care of animals with the proper use of medicated feeds, drugs, vaccines, and diagnostic products. It involves preventing, diagnosing, and treating diseases and injuries and maintaining proper nutrition, housing, and environmental conditions. It also encompasses several aspects, including population management, genetic selection, and biosecurity measures to protect against the introduction and spread of infectious diseases. It is essential for the efficient use of natural resources, conserving wildlife populations and ecosystems, high productivity of proteins, sustainable agriculture, and food production, increasing consumer trust and food security in livestock, and protection of farmers and consumers from food-borne pathogens.
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Animal Health Market Trends:
The increasing prevalence of zoonotic diseases, such as animal flu, tick infestation, and Lyme disease, is driving the global market. Coupled with increasing awareness about preventive measures and the growing availability of treatment options are catalyzing the market across the globe. In line with this, numerous leading players are heavily investing in extensive research and development (R&D) to develop innovative medicines and products for food production and companion animals, providing a boost to the demand. Moreover, the advent of innovative technologies for the detection and monitoring of various animal diseases is acting as another growth-inducing factor. The market is further driven by other factors, such as the rising consumption of animal-based foods, the expansion of veterinary hospitals, and emerging online pharmacies.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
- Bayer
- Elanco
- Merck
- Merial
- Zoetis Inc.
- Biogenesis Bago
- Boehringer Ingelheim
- Ceva Sante Animale
- Heska
- Neogen
- Novartis
- Thermo Fisher Scientific
- Vetoquinol
- Virbac
Key Market Segmentation:
Breakup by Animal Type:
- Commercial Animals
- Companion Animals
Breakup by Product Type:
- Pharmaceuticals
- Biologicals
- Medicinal Feed Additives
- Diagnostics
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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