- Vaccines
- Anti-infectives
- Antibiotics
- Parasiticides
- Feed Additives
- Others
Animal Healthcare Market size was valued at USD 96,278.1 million in 2022 and is poised to grow at a significant CAGR of 4.6% from 2023-2029. The growing prevalence of livestock diseases coupled with the rise in R&D for developing novel therapeutics and vaccines are key factors that surge the market's growth. The vaccines segment is anticipated to grow at a significant CAGR over the forecast years owing to increased demand for vaccines for pet animals and livestock species coupled with the launch of newer products by the market players.
Moreover, an outbreak of newer livestock disease creates an opportunity for the players to enhance their revenue in the animal healthcare market. according to the World Health Organization (WHO), West Nile virus, a single-stranded RNA virus, can cause significant illness and death in horses. Furthermore, an improved animal healthcare system that enables early disease diagnosis and treatment will boost the pharmaceutical segment's growth. An increase in demand for medicated and non-medicated feed additives, a rise in consumption of meat, milk, and other animal products, and growing consumer awareness of animal welfare are a few factors driving the industry's growth over the forecasting period.
Recent Animal Healthcare Market Developments:
- In July 2019, Ceva Santé Animale acquired IDT Biologika GmbH’s veterinary biopharmaceutical portfolio, which will help to increase their position in the market by Ceva’s product offerings.
- In Feb 2020, Vetoquinol SA company announced the acquisition of Profender and Drontal product families from Elanco Animal Health.
- In May 2021, Boehringer Ingelheim India launched the poultry vaccine, an innovative recombinant single-shot vaccine, ensuring life-long protection for all production chickens, namely broiler, layer and breeder.
Global Animal Healthcare Market Summary
Study Period
2023-29
Base Year
2022
CAGR
8.4%
Largest Market
North America
Fastest Growing Market
Asia
Animal Healthcare Market Dynamics
The rising prevalence of zoonotic disease is anticipated to boost the market for animal healthcare. For instance, Equine Herpes Virus-1 (EHV-1) outbreaks have been reported in several counties in California and 26 horses have been confirmed positive in this region. Three EHM cases (EHV-1 positive with neurologic signs) and 23 EHV-1 fever-only cases have been confirmed. Moreover, in 2022, Deadly viral outbreak of EHV-1 in Europe ravages European horses. At least 17 animals have since died and others have had abortions or needed surgery to repair organ damage. Moreover, rise in awareness about the vaccination among the livestock farmers, grow in demand for quality food products, and increase in animal healthcare expenditure are immense boost to the market over the forecast period.
North-America Got Significant Share
Animal Healthcare Market Regional Analysis
The Animal Healthcare market in North America is likely to hold the highest revenue share of in 2022 and same trend is expected over the forecast period due to wide range of concrete initiatives taken by government for animal welfare groups that are continually trying to improve animal health. Furthermore, rapid R&D activities, increase in the number of pet owners, and an increase in the frequency of zoonotic diseases are likely to drive market expansion in this nation. Moreover, Asia pacific market is expected to grow in the forecasting period due to players are expanding their market presence, strategic alliances among the players such as collaborations, partnerships, agreements, mergers, and acquisitions. In July 2019, FUJIFILM Corporation established FUJIFILM VET Systems Co. Ltd. In Japan to supply various medical devices and services required for veterinary clinical practice
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- Animal Healthcare Market report provides granular level information about the market size, regional market share, historic market (2018 to 2022), and forecast (2023 to 2029)
- The report covers in-detail insights into the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Animal Healthcare Market Segmentation
By Product Type
By Animal Type
- Pets
- Poultry
- Ruminants
- Swine
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The animal healthcare market size was valued at USD 96,278.1 million in 2022
The animal healthcare market key players are: Merck Animal Health Ceva Sante AnimalS Vetoquinol S.A. Zoetis Boehringer Ingelheim GmbH Elanco IDEXX Heska Corporation Covetrus DRE Veterinary Mars Inc. Virbac Televet Phibro Animal Health Corporation Braun Vet Care
The animal healthcare market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Animal Healthcare Market Introduction |
| 2.1.Global Animal Healthcare Market - Taxonomy |
| 2.2.Global Animal Healthcare Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Animal Type |
| 2.2.3.Geography |
| 2.2.4.Region |
| 3. Global Animal Healthcare Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Animal Healthcare Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Animal Healthcare Market By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Vaccines |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Anti-infectives |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Antibiotics |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Parasiticides |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Feed Additives |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Animal Healthcare Market By Animal Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Pets |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Poultry |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Ruminants |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Swine |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Animal Healthcare Market By Geography, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. MEA |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Animal Healthcare Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Animal Healthcare Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Vaccines |
| 9.1.2.Anti-infectives |
| 9.1.3.Antibiotics |
| 9.1.4.Parasiticides |
| 9.1.5.Feed Additives |
| 9.1.6.Others |
| 9.2. Animal Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Pets |
| 9.2.2.Poultry |
| 9.2.3.Ruminants |
| 9.2.4.Swine |
| 9.2.5.Others |
| 9.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.North America |
| 9.3.2.Europe |
| 9.3.3.Asia Pacific |
| 9.3.4.Latin America |
| 9.3.5.MEA |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Animal Healthcare Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Vaccines |
| 10.1.2.Anti-infectives |
| 10.1.3.Antibiotics |
| 10.1.4.Parasiticides |
| 10.1.5.Feed Additives |
| 10.1.6.Others |
| 10.2. Animal Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Pets |
| 10.2.2.Poultry |
| 10.2.3.Ruminants |
| 10.2.4.Swine |
| 10.2.5.Others |
| 10.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.North America |
| 10.3.2.Europe |
| 10.3.3.Asia Pacific |
| 10.3.4.Latin America |
| 10.3.5.MEA |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Animal Healthcare Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Vaccines |
| 11.1.2.Anti-infectives |
| 11.1.3.Antibiotics |
| 11.1.4.Parasiticides |
| 11.1.5.Feed Additives |
| 11.1.6.Others |
| 11.2. Animal Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Pets |
| 11.2.2.Poultry |
| 11.2.3.Ruminants |
| 11.2.4.Swine |
| 11.2.5.Others |
| 11.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.North America |
| 11.3.2.Europe |
| 11.3.3.Asia Pacific |
| 11.3.4.Latin America |
| 11.3.5.MEA |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Animal Healthcare Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Vaccines |
| 12.1.2.Anti-infectives |
| 12.1.3.Antibiotics |
| 12.1.4.Parasiticides |
| 12.1.5.Feed Additives |
| 12.1.6.Others |
| 12.2. Animal Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Pets |
| 12.2.2.Poultry |
| 12.2.3.Ruminants |
| 12.2.4.Swine |
| 12.2.5.Others |
| 12.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.North America |
| 12.3.2.Europe |
| 12.3.3.Asia Pacific |
| 12.3.4.Latin America |
| 12.3.5.MEA |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Animal Healthcare Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Vaccines |
| 13.1.2.Anti-infectives |
| 13.1.3.Antibiotics |
| 13.1.4.Parasiticides |
| 13.1.5.Feed Additives |
| 13.1.6.Others |
| 13.2. Animal Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Pets |
| 13.2.2.Poultry |
| 13.2.3.Ruminants |
| 13.2.4.Swine |
| 13.2.5.Others |
| 13.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.North America |
| 13.3.2.Europe |
| 13.3.3.Asia Pacific |
| 13.3.4.Latin America |
| 13.3.5.MEA |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Merck Animal Health |
| 14.2.2.Ceva Sante AnimalS |
| 14.2.3.Vetoquinol S.A. |
| 14.2.4.Zoetis |
| 14.2.5.Boehringer Ingelheim GmbH |
| 14.2.6.Elanco |
| 14.2.7.IDEXX |
| 14.2.8.Heska Corporation |
| 14.2.9.Covetrus |
| 14.2.10.DRE Veterinary |
| 14.2.11.Mars Inc. |
| 14.2.12.Virbac |
| 14.2.13.Televet |
| 14.2.14.Phibro Animal Health Corporation |
| 14.2.15.Braun Vet Care |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Merck Animal Health
- Ceva Sante AnimalS
- Vetoquinol S.A.
- Zoetis
- Boehringer Ingelheim GmbH
- Elanco
- IDEXX
- Heska Corporation
- Covetrus
- DRE Veterinary
- Mars Inc.
- Virbac
- Televet
- Phibro Animal Health Corporation
- Braun Vet Care