Animal Healthcare Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
Animal Healthcare Market: Overview and Definition
The global animal healthcare market size was valued at more than USD 160 billion in 2021 and is anticipated to record over 5.1% CAGR during the forecast period of 2023-2032.
The animal healthcare market refers to the market for various products and services used to maintain the health of animals, including livestock, companion animals, and wildlife. The animal healthcare industry plays a vital role in ensuring the safety and well-being of animals, as well as the safety and quality of the food supply.
The global animal healthcare market is expected to experience significant growth over the coming years, driven by factors such as increasing demand for protein-rich food products, rising prevalence of zoonotic diseases, and the growing trend of pet ownership.
Growth Drivers & Barriers
Growing consumption of meat and increasing demand for dairy products are expected to positively impact the growth of the global animal healthcare market in the upcoming years. Further, the high disposable income of pet owners and advancement in animal healthcare are some of the major factors behind the growth of the global animal healthcare market.
Moreover, increasing food-borne and zoonotic diseases are projected to intensify the growth of the global animal healthcare market. In addition, governments are actively focusing on the prevention and control of animal diseases by creating advisory and educational systems to raise awareness in the population. Further, this factor is anticipated to drive the growth of the global animal healthcare market over the forecasted period.
However, in many countries the use of antibiotics and antimicrobials in animal feed is prohibited, which is likely to hamper the growth of the global animal healthcare market in the upcoming years.
In terms of geography, the animal healthcare market is analyzed into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America is slated to account for the highest percentage of market share in overall animal healthcare market during the forecast period. Increasing livestock population and rising adoption of pet animals are believed to intensify the growth rate of North America animal healthcare market in the upcoming years. In addition to this, various government initiatives to promote animal healthcare practices in this region is anticipated to positively drive the growth of the market in the region.
The research offers a comprehensive analysis of animal healthcare market with respect to following sub-markets:
By Product Type
- Anti-Infective Agents
- - - Antibiotics and Antimicrobial
- - - Antifungal
- - - Antiviral
- Anti-Inflammatory Agents
- Hormones & Substitutes
- - - Ecto-Parasiticides
- - - Endo-Parasiticides
- - - Endectocides
By Animal Type
- Farm Animals
- - - Cattle
- - - Pigs
- - - Sheep & Goats
- - - Poultry
- - - Others
- Companion Animals
- - - Dogs & Cats
- - - Horses
- - - Others
By Distribution Channel
- Veterinary Hospitals
- Veterinary Clinics
- Pharmacies & Drug Stores
By Route of Administration
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as;
- Bayer AG
- C.H. Boehringer Sohn AG & Ko. KG
- Merck Animal Health
- Intas Pharmaceuticals Ltd.
- Vetoquinol SA
- Zydus Animal Health Limited
- Dechra Pharmaceuticals
- Other Major & Niche Key Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in animal healthcare market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global animal healthcare market by the following segments:
- Product Type
- Animal Type
- Distribution Channel
- Route of Administration
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Animal Healthcare Industry Report;
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?