Animal Health Market Share, Size by Animal Type (Production Animal) Product (Vaccines) by Distribution Channel, by End Use and Region (Asia Pacific, Europe, North America, Middle East, and Africa, Latin America), and forecast period-2022 – 2030

Report ID - MRC_694 | Pages - 241 | Category - Healthcare and Pharma

The Animal Health market is projected to be worth USD 88.31 Billion by 2030, registering a CAGR of 9.6% during the forecast period (2022-2030), the market was valued at USD 38.70 Billion in 2021. The production animal category led the animal health market with a revenue share of about 64.0% in 2021. The market for animal health was led by the pharmaceutical industry in 2021 and held the biggest revenue share of nearly 33.5% due to ongoing improvements in veterinary medications. North America dominated the market for animal health and accounted for the greatest revenue share of 29.5% in 2021 owing to the massive range of actions adopted by governmental animal welfare assemblies.

Animal Health Market Dynamics:

Animal health includes applications and uses for animals for companion or food production, animal feed, animal products, animals used for human consumption, food safety, or the food chain, including but not limited to related systems or processes, and improvement. It further includes control, diagnosis, prevention, prophylaxis, or treatment of pathogens, pests, diseases, parasites, or sign(s) or symptom(s).

Driver:

The industry is primarily driven by enormous growth in the demand for protein-rich foods and a rise in zoonotic and food-borne illnesses worldwide. Companies are creating cutting-edge medications and vaccines in response to this high spike in disease prevalence. Due to the strong demand, more businesses are making regular efforts to reduce the risk of pathogen contamination and food-borne illnesses, which is fostering animal health market expansion. Additionally, it is thought that the total industry will be driven by the growing number of government programs to promote animal health products.

Restraint:

Obesity and other chronic diseases are becoming more and more common. As a result, several individuals are switching from a non-vegetarian diet to a vegetarian one. Hence, the shift towards a vegetarian diet is expected to restrain the growth of the animal health market.

Opportunity:                          

The increased production of food items produced from animals will result in a large price drop, enabling simple access to food at reasonable costs. Technology improvements in veterinary medicine are also driving the market for animal health, and it is projected to create potential growth opportunities for the animal health market.

COVID-19 Analysis of Animal Health Market:

Over 4.4 million people have been afflicted by the coronavirus, which has spread to 215 nations and territories and caused close to 300,000 deaths. The epidemic has significantly affected several different industries and sectors on both the social and economic fronts. As of 28 October 2020, 44,235,263 COVID-19 cases had been reported from the Americas, Europe, Africa, Asia Pacific, and Oceania (Source: Worldometer). Virus-related deaths total 1,171,288. Since a considerable portion of asymptomatic cases did not undergo testing, the actual number of infected people would be significantly greater than the reported total. The animal health industry has undergone a significant change in size. The use of food products made from animal sources has been adversely impacted by the COVID-19 outbreak, which was first discovered in a meat market in Wuhan, China.

Animal Health Report Coverage:

Report AttributesReport Details
Study Timeline2016-2030
Market Size in 2030 (USD Billion)88.31
CAGR (2022-2030)9.6%
By Animal Type·         Production Animal

o   Poultry

o   Swine

o   Cattle

o   Sheep & Goats

o   Fish

·         Companion Animal

o   Dogs

o   Cats

o   Horses

o   Others

By Product·         Vaccines

o   Live Attenuated Vaccines

o   DNA Vaccines

o   Recombinant Vaccines

o   Inactivated Vaccines

o   Others

·         Pharmaceuticals

o   Parasiticides

o   Anti-infective

o   Anti-inflammatory

o   Analgesics

o   Others

·         Medicinal Feed Additives

·         Diagnostics

o   Instruments

o   Consumables

·         Equipment & Disposables

o   Critical Care Consumables

o   Anesthesia Equipment

o   Fluid Management Equipment

o   Temperature Management Equipment

o   Rescue & Resuscitation Equipment

o   Research Equipment

o   Patient Monitoring Equipment

·         Others

o   Veterinary Telehealth

o   Veterinary Software

o   Livestock Monitoring

By Distribution Channel·         Retail

·         E-commerce

·         Veterinary Hospitals & Clinics

By End Use·         Reference Laboratories

·         Point-of-care Testing/In-house Testing

·         Veterinary Hospitals & Clinics

·         Others

By geographyNorth America– (U.S., Canada, Mexico

Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)

Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)

Latin America- (Brazil, Argentina, Chile, Rest of Latin America)

Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

Key PlayersMerck Animal Health, Ceva Sante Animale, Vetoquinol S.A., Zoetis, Boehringer Ingelheim GmbH, Elanco, IDEXX, Heska Corporation, Covetrus, DRE Veterinary, Mars Inc., Virbac, Televet, Phibro Animal Health Corporation, B.Braun Vet Care, Dechra Pharmaceuticals PLC, Bimeda, Inc., Midmark Corporation, Thermo Fisher Scientific, Inc., IDVet

Animal Health Market Segment Analysis:

By Animal Type

The production animal category led the animal health market with a revenue share of about 64.0% in 2021. The segment’s significant market share is a result of government healthcare organizations’ widespread concern for food safety and sustainability. Total food security is a goal pursued by officials in many nations, which encourages large-scale food production and increases animal agriculture. The policy’s main goal is long-term sustainability, which can be achieved by boosting output and paying more attention to the veterinary treatment of cattle.

By Product

The market for animal health market product segment was led by pharmaceutical in 2021 and held a major revenue share of nearly 33.5%. The segment is expected to hold a leading position during the projected period due to ongoing improvements in veterinary medications. Parasiticides, anti-inflammatory medications, antibiotics, and other pharmaceuticals are the main types of a pharmaceutical segment. Additionally, a rise in acquisitions and mergers, such as Elanco’s purchase of Bayer, has led to the distribution of their products across other markets, including medicines. Hence, the pharmaceutical segment is expected to rise during the forecast period.

animal health market by product

By Distribution Channel

In 2021, the pharmacy department of veterinary hospitals accounted for 48.2% of total revenue in the distribution channel segment of the animal health market. The category has grown due to the rise in hospital pharmacies and increased procedure volume brought on by the frequent readmission of pets for treatment. A considerable portion of the overall market was also made up of retail channels and e-commerce platforms. Throughout the projection period, it is anticipated that the e-commerce segment is expected to experience expansion. This may be due to several benefits, such as being more convenient for individuals in terms of buying their medications from retail or hospital pharmacies.

By End-use

The segment with the highest revenue share in 2021 70.3% was veterinary hospitals and clinics in the animal health market. This segment’s leading market share is the result of several applications, including therapy, toxicological testing, and clinical pathology. Veterinarian hospitals and clinics offer a wide variety of diagnostic and therapeutic choices, which is a high-impact generating growth driver for this market. The need for diagnostic procedures is anticipated to expand due to an increase in zoonotic disease incidence brought on by globalization and climate change, which is anticipated to drive the point-of-care testing/in-house testing segment in the forecast period.

animal health market by end use

 By Region

North America dominated the market for animal health and accounted for the greatest revenue share of 28.3% in 2021 owing to the massive range of actions adopted by governmental animal welfare assemblies that continuously work for general improvement in animal health in the animal health market. Additionally, the market is anticipated to rise in this nation owing to technology developments, an increase in zoonotic diseases, and an increase in pet owners. It is projected that several cooperative initiatives by significant corporations to improve their R&D capabilities and guarantee high-quality standards will further fuel demand in this region.

Animal Health Market Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and product launches have accelerated the growth of the animal health market. Key players in the market include-

  • Ceva Santé Animale
  • Vetoquinol S.A.
  • Zoetis
  • Boehringer Ingelheim GmbH
  • IDEXX
  • Elanco
  • Heska Corporation
  • Virbac
  • Braun Vet Care
  • Covetrus
  • DRE Veterinary
  • Televet
  • Mars Inc.
  • Phibro Animal Health Corporation
  • Dechra Pharmaceuticals PLC
  • Bimeda, Inc.
  • Midmark Corporation
  • Thermo Fisher Scientific, Inc.
  • IDVet

Recent Development:

  • Elanco completed the acquisition of Kindred Biosciences in 2021. Elanco reinforced and expedited its innovation, portfolio, and productivity (IPP) strategy with this acquisition, positioning itself to provide veterinary professionals and pet owners with solutions for underserved or unmet medical requirements.
  • Poultry Sense Ltd is acquired by Merck Animal Health in February 2021 to broaden its poultry business vertical and gain access to technology for environmental and health monitoring.

Table of Content

  1. Introduction
    • Market Introduction
    • Market Research Methodology
      • Research Process
      • Primary Research
      • Secondary Research
      • Data Collection Technique
      • Data Sources
    • Market Estimation Methodology
      • Limitations of the Study
    • Product Picture of Microarray Analysis
    • Global Animal Health Market: Classification
    • Geographic Scope
    • Years Considered for the Study
    • Research Methodology in brief
    • Parent Market Overview
    • Overall Animal Health Market Regional Demand
    • Research Programs/Design
    • Market Breakdown and Data Triangulation Approach
    • Data Source
    • Secondary Sources
    • Primary Sources
    • Primary Interviews
    • Average primary breakdown ratio
  2. Market Dynamics
    • Drivers
      • Drivers
    • Restraints
      • Restraints
    • Opportunity
      • Impact forces on market dynamics
      • Impact forces during the forecast years
    • Industry Value Chain
      • Upstream analysis
      • Downstream analysis
      • Distribution Channel
      • Direct Channel
      • Indirect Channel
    • Potential Customers
    • Manufacturing/Operational Cost Analysis
    • Pricing Analysis by Region
    • Key Product Landscape
    • Regulatory Analysis
    • Porter’s Analysis
      • Supplier Power
      • Buyer Power
      • Substitution Threat
      • Threat from New Entry
      • Competitive Rivalry
    • PESTEL Analysis
    • Political Factors
    • Economic Factor
    • Social Factors
    • Technological Factor
    • Environmental Factors
    • Legal Factor
    • Covid-19 impact on Global Economy
    • Covid-19 impact on Microarray Analysis demand
    • Post-Covid Impact on Animal Health Market Demand
    • Impact Analysis of Russia-Ukraine Conflict
  3. Global Animal Health Market Segmentation, Revenue (USD Billion), (2022-2030)
    • By Animal Type
      • Production Animal
        • Poultry
        • Swine
        • Cattle
        • Sheep & Goats
        • Fish
      • Companion Animal
        • Dogs
        • Cats
        • Horses
        • Others
      • By Product
        • Vaccines
          • Live Attenuated Vaccines
          • DNA Vaccines
          • Recombinant Vaccines
          • Inactivated Vaccines
          • Others
        • Pharmaceuticals
          • Parasiticides
          • Anti-infective
          • Anti-inflammatory
          • Analgesics
          • Others
        • Medicinal Feed Additives
        • Diagnostics
          • Instruments
          • Consumables
        • Equipment & Disposables
          • Critical Care Consumables
          • Anesthesia Equipment
          • Fluid Management Equipment
          • Temperature Management Equipment
          • Rescue & Resuscitation Equipment
          • Research Equipment
          • Patient Monitoring Equipment
        • Others
          • Veterinary Telehealth
          • Veterinary Software
          • Livestock Monitoring
        • By Distribution Channel
          • Retail
          • E-commerce
          • Veterinary Hospitals & Clinics
        • By End Use
          • Reference Laboratories
          • Point-of-care Testing/In-house Testing
          • Veterinary Hospitals & Clinics
          • Others
  1. Global Animal Health Market Overview, By Region
    • North America Animal Health Market Revenue (USD Billion), by Countries, (2022-2030)
      • US
        • By Animal Type
        • By Product
        • By Distribution Channel
        • By End Use
      • Canada
      • Mexico
    • Europe Animal Health Market Revenue (USD Billion), by Countries, (2022-2030)
      • France
      • UK
      • Spain
      • Russia
      • Italy
      • BENELUX
    • Asia Pacific Animal Health Market Revenue (USD Billion), by Countries, (2022-2030)
      • China
      • Japan
      • Australia
      • South Korea
      • India
      • ASEAN
  1. Latin America Animal Health Market Revenue (USD Billion), by Countries, (2022-2030)
    • Brazil
    • Argentina
    • Chile
  2. Middle East and Africa Animal Health Market Revenue (USD Billion), by Countries, (2022-2030)
    • GCC
    • Turkey
    • South Africa
  3. Global Animal Health Market Revenue: Competitive Analysis, 2021
    • Key strategies by players
    • Revenue (USD Billion and %), By manufacturers, 2021
    • Player Positioning by Market Players, 2021
  4. Competitive Analysis
    • Merck Animal Health
      • Business Overview
      • Business Financials (USD billion)
      • Product Category, Animal Type, and Specification
      • Main Business/Business Overview
      • Geographical Analysis
      • Recent Development
      • Swot Analysis
    • Ceva Santé Animale
    • Vetoquinol S.A.
    • Zoetis
    • Boehringer Ingelheim GmbH
    • IDEXX
    • Elanco
    • Heska Corporation
    • Virbac
    • Braun Vet Care
    • Covetrus
    • DRE Veterinary
    • Televet
    • Mars Inc.
    • Phibro Animal Health Corporation
    • Dechra Pharmaceuticals PLC
    • Bimeda, Inc.
    • Midmark Corporation
    • Thermo Fisher Scientific, Inc.
    • IDVet
  5. Market Research Findings & Conclusion

Disclaimer 

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