Global Animal Health Market Size, Trends, by Product (Biologics, Pharmaceuticals, Medicinal Feed Additives, Diagnostics, Equipment & Disposables, and Others), By Animal Type (Production Animals, and Companion Animals), By Distribution Channel (Retail, E-commerce, and Hospital/ Clinic Pharmacy) and By End-use (Veterinary Reference Laboratories, Point-of-care Testing/In-house Testing, Veterinary Hospitals & Clinics, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2030.
Report ID : IR1001026 | Industries : Healthcare | Published On :June 2024 | Page Count : 241
Global Animal Health Market Size, Trends, by Product (Biologics, Pharmaceuticals, Medicinal Feed Additives, Diagnostics, Equipment & Disposables, and Others), By Animal Type (Production Animals, and Companion Animals), By Distribution Channel (Retail, E-commerce, and Hospital/ Clinic Pharmacy) and By End-use (Veterinary Reference Laboratories, Point-of-care Testing/In-house Testing, Veterinary Hospitals & Clinics, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2030.
Global Animal Health Market
Global Animal Health was valued at US$ 51,731.11 Mn in 2023, estimated to reach US$ 83,223.32 Mn by 2030, with a CAGR of 6.12% from 2024-2030.
The practice of animal healthcare revolves around offering medical aid and preventive strategies to uphold the health and wellness of animals. This encompasses the application of medical treatments, vaccinations, diagnostic procedures, and interventions to manage diseases, wounds, and health issues in animals. Professionals in animal healthcare, such as veterinarians, vet technicians, and specialists in animal health, are tasked with identifying, addressing, and averting diseases across diverse animal species — from pets and farm animals to wildlife and lab animals. The objective of animal healthcare is to guarantee the welfare and peak health of animals, enhancing their life quality and productivity, while also dealing with public health matters tied to diseases transmitted from animals to humans and the safety of our food supply.
Market Drivers
The animal health industry is experiencing a positive shift towards preventive healthcare practices for both companion animals & livestock. Pet owners & livestock producers recognize the importance of early detection & proactive management of health issues to improve overall animal well-being & reduce the risk of diseases. Frequent veterinary check-ups, vaccinations & dynamic health management plans are becoming commonplace. This trend is fueled by a desire to enhance the quality of life for animals & minimize the economic impact of disease outbreaks in livestock production. As a result, there is an increasing demand for preventive animal health products, including vaccines, parasiticides, and nutritional supplements.
There are advancements in biotechnology & pharmaceuticals industry, transforming the way diseases are diagnosed and treated in animals. Cutting-edge research and innovative technologies have led to the development of specialized therapies, vaccines, and precision medicine tailored to specific animal species and conditions. Biotechnological breakthroughs, for example; gene editing and cell-based therapies, offer promising solutions for challenging diseases. These factors are driving the Global Animal Health Market.
Market Restraints
The Global Animal Health Market is subject to diverse rules & regulations. The development & manufacturing of animal medicines and vaccines is strictly monitored by government agencies such as FDA while the regulations for veterinary diagnostic and other products are comparatively lax.
Regulatory approval processes are very lengthy and complex, creating barriers to entry for new companies. This majorly results in established players holding notable animal health market share, as they have the resources and experience to navigate regulatory hurdles.
Furthermore, there is notable threat of product substitutes which may restrain the growth of the market. At-home testing kits & point-of-care diagnostic tools are becoming more common, offering alternatives to traditional veterinary diagnostic procedures. These alternatives can provide convenience for pet owners and farmers. Also, natural & herbal remedies which includes supplements & extracts, are often considered substitutes for conventional pharmaceuticals. These factors impede the market growth.
Market Segmentation
The scope of the Animal Health market covers segmentation based on By Product, By Animal Type, By Distribution Channel, By End Use, and by region.
By Product, the market is segmented into Biologics, Pharmaceuticals, Medicinal Feed Additives, Diagnostics, Equipment & Disposables, and Others.
By Animal Type, the market is segmented into Production Animals, and Companion Animals.
By Distribution Channel, the market is segmented into Retail, E-commerce, and Hospital/ Clinic Pharmacy.
Further, the market is segmented into End-use such as Veterinary Reference Laboratories, Point-of-care Testing/In-house Testing, Veterinary Hospitals & Clinics, and Others.
Regional Analysis
The global Animal Health Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America is expected to hold the largest share owing to increasing investments in animal healthcare by major firms and their efforts to launch branded and generic medicines at competitive costs.
The market in North America & Europe is expected to grow due to increased consumption of animal-based foods, combined with strict animal health laws.
Key Players
Zoetis, Ceva Santé Animale, Merck & Co., Inc., Vetoquinol S.A., Boehringer Ingelheim GmbH, Elanco, Virbac, Heska, Dechra Pharmaceuticals plc, IDEXX Laboratories, Inc., etc.
Market Taxonomy
By Product
• Biologics
• Pharmaceuticals
• Medicinal Feed Additives
• Diagnostics
• Equipment & Disposables
• Others
By Animal Type
• Production Animals
o Poultry
o Swine
o Cattle
o Sheep & Goats
o Fish
• Companion Animals
o Dogs
o Cats
o Horses
o Others
By Distribution Channel
• Retail
• E-commerce
• Hospital/ Clinic Pharmacy
By End Use
• Veterinary Reference Laboratories
• Point-of-care Testing/In-house Testing
• Veterinary Hospitals & Clinics
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest 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 Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Animal Health Market Share Analysis, By Product
5.3 Global Animal Health Market Size and Forecast, By Product
5.3.1 Biologics
5.3.2 Pharmaceuticals
5.3.3 Medicinal Feed Additives
5.3.4 Diagnostics
5.3.5 Equipment & Disposables
5.3.6 Others
6 Global Animal Health Market, By Animal Type
6.1 Y-o-Y Growth Comparison, By Animal Type
6.2 Global Animal Health Market Share Analysis, By Animal Type
6.3 Global Animal Health Market Size and Forecast, By Animal Type
6.3.1 Production Animals
6.3.2 Companion Animals
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 Retail
7.3.2 E-commerce
7.3.3 Hospital/ Clinic Pharmacy
8 Global Animal Health Market, By End-use
8.1 Y-o-Y Growth Comparison, By End-use
8.2 Global Animal Health Market Share Analysis, By End-use
8.3 Global Animal Health Market Size and Forecast, By End-use
8.3.1 Veterinary Reference Laboratories
8.3.2 Point-of-care Testing/In-house Testing
8.3.3 Veterinary Hospitals & Clinics
8.3.4 Others
9 Global Animal Health Market, By Region
9.1 Global Animal Health Market Share Analysis, By Region
9.2 Global Animal Health Market Size and Forecast, By Region
9.3 Global Animal Health Market Trends and Forecast, By Region
10 North America Animal Health Market Analysis and Forecast (2024-2030)
10.1 Introduction
10.2 North America Animal Health Market Size and Forecast, By Product
10.3 North America Animal Health Market Size and Forecast, By Animal Type
10.4 North America Animal Health Market Size and Forecast, By Distribution Channel
10.5 North America Animal Health Market Size and Forecast, By End-use
10.6 North America Animal Health Market Size and Forecast, By Country
10.6.1 U.S.
10.6.1.1 Market Size and Forecast, By Product
10.6.1.2 Market Size and Forecast, By Animal Type
10.6.1.3 Market Size and Forecast, By Distribution Channel
10.6.1.4 Market Size and Forecast, By End-use
10.6.2 Canada
10.6.2.1 Market Size and Forecast, By Product
10.6.2.2 Market Size and Forecast, By Animal Type
10.6.2.3 Market Size and Forecast, By Distribution Channel
10.6.2.4 Market Size and Forecast, By End-use
10.6.3 Mexico
10.6.3.1 Market Size and Forecast, By Product
10.6.3.2 Market Size and Forecast, By Animal Type
10.6.3.3 Market Size and Forecast, By Distribution Channel
10.6.3.4 Market Size and Forecast, By End-use
11 Europe Animal Health Market Analysis and Forecast (2024-2030)
11.1 Introduction
11.2 Europe Animal Health Market Size and Forecast, By Product
11.3 Europe Animal Health Market Size and Forecast, By Animal Type
11.4 Europe Animal Health Market Size and Forecast, By Distribution Channel
11.5 Europe Animal Health Market Size and Forecast, By End-use
11.6 Europe Animal Health Market Size and Forecast, By Country
11.6.1 Germany
11.6.1.1 Market Size and Forecast, By Product
11.6.1.2 Market Size and Forecast, By Animal Type
11.6.1.3 Market Size and Forecast, By Distribution Channel
11.6.1.4 Market Size and Forecast, By End-use
11.6.2 France
11.6.2.1 Market Size and Forecast, By Product
11.6.2.2 Market Size and Forecast, By Animal Type
11.6.2.3 Market Size and Forecast, By Distribution Channel
11.6.2.4 Market Size and Forecast, By End-use
11.6.3 UK
11.6.3.1 Market Size and Forecast, By Product
11.6.3.2 Market Size and Forecast, By Animal Type
11.6.3.3 Market Size and Forecast, By Distribution Channel
11.6.3.4 Market Size and Forecast, By End-use
11.6.4 Russia
11.6.4.1 Market Size and Forecast, By Product
11.6.4.2 Market Size and Forecast, By Animal Type
11.6.4.3 Market Size and Forecast, By Distribution Channel
11.6.4.4 Market Size and Forecast, By End-use
11.6.5 Italy
11.6.5.1 Market Size and Forecast, By Product
11.6.5.2 Market Size and Forecast, By Animal Type
11.6.5.3 Market Size and Forecast, By Distribution Channel
11.6.5.4 Market Size and Forecast, By End-use
11.6.6 Spain
11.6.6.1 Market Size and Forecast, By Product
11.6.6.2 Market Size and Forecast, By Animal Type
11.6.6.3 Market Size and Forecast, By Distribution Channel
11.6.6.4 Market Size and Forecast, By End-use
11.6.7 Rest of Europe
11.6.7.1 Market Size and Forecast, By Product
11.6.7.2 Market Size and Forecast, By Animal Type
11.6.7.3 Market Size and Forecast, By Distribution Channel
11.6.7.4 Market Size and Forecast, By End-use
12 Asia Pacific Animal Health Market Analysis and Forecast (2024-2030)
12.1 Introduction
12.2 Asia Pacific Animal Health Market Size and Forecast, By Product
12.3 Asia Pacific Animal Health Market Size and Forecast, By Animal Type
12.4 Asia Pacific Animal Health Market Size and Forecast, By Distribution Channel
12.5 Asia Pacific Animal Health Market Size and Forecast, By End-use
12.6 Asia Pacific Animal Health Market Size and Forecast, By Country
12.6.1 China
12.6.1.1 Market Size and Forecast, By Product
12.6.1.2 Market Size and Forecast, By Animal Type
12.6.1.3 Market Size and Forecast, By Distribution Channel
12.6.1.4 Market Size and Forecast, By End-use
12.6.2 Japan
12.6.2.1 Market Size and Forecast, By Product
12.6.2.2 Market Size and Forecast, By Animal Type
12.6.2.3 Market Size and Forecast, By Distribution Channel
12.6.2.4 Market Size and Forecast, By End-use
12.6.3 India
12.6.3.1 Market Size and Forecast, By Product
12.6.3.2 Market Size and Forecast, By Animal Type
12.6.3.3 Market Size and Forecast, By Distribution Channel
12.6.3.4 Market Size and Forecast, By End-use
12.6.4 South Korea
12.6.4.1 Market Size and Forecast, By Product
12.6.4.2 Market Size and Forecast, By Animal Type
12.6.4.3 Market Size and Forecast, By Distribution Channel
12.6.4.4 Market Size and Forecast, By End-use
12.6.5 Australia
12.6.5.1 Market Size and Forecast, By Product
12.6.5.2 Market Size and Forecast, By Animal Type
12.6.5.3 Market Size and Forecast, By Distribution Channel
12.6.5.4 Market Size and Forecast, By End-use
12.6.6 New Zealand
12.6.6.1 Market Size and Forecast, By Product
12.6.6.2 Market Size and Forecast, By Animal Type
12.6.6.3 Market Size and Forecast, By Distribution Channel
12.6.6.4 Market Size and Forecast, By End-use
12.6.7 Singapore
12.6.7.1 Market Size and Forecast, By Product
12.6.7.2 Market Size and Forecast, By Animal Type
12.6.7.3 Market Size and Forecast, By Distribution Channel
12.6.7.4 Market Size and Forecast, By End-use
12.6.8 Malaysia
12.6.8.1 Market Size and Forecast, By Product
12.6.8.2 Market Size and Forecast, By Animal Type
12.6.8.3 Market Size and Forecast, By Distribution Channel
12.6.8.4 Market Size and Forecast, By End-use
12.6.9 Rest of Asia
12.6.9.1 Market Size and Forecast, By Product
12.6.9.2 Market Size and Forecast, By Animal Type
12.6.9.3 Market Size and Forecast, By Distribution Channel
12.6.9.4 Market Size and Forecast, By End-use
13 Latin America Animal Health Market Analysis and Forecast (2024-2030)
13.1 Introduction
13.2 Latin America Animal Health Market Size and Forecast, By Product
13.3 Latin America Animal Health Market Size and Forecast, By Animal Type
13.4 Latin America Animal Health Market Size and Forecast, By Distribution Channel
13.5 Latin America Animal Health Market Size and Forecast, By End-use
13.6 Latin America Animal Health Market Size and Forecast, By Country
13.6.1 Brazil
13.6.1.1 Market Size and Forecast, By Product
13.6.1.2 Market Size and Forecast, By Animal Type
13.6.1.3 Market Size and Forecast, By Distribution Channel
13.6.1.4 Market Size and Forecast, By End-use
13.6.2 Argentina
13.6.2.1 Market Size and Forecast, By Product
13.6.2.2 Market Size and Forecast, By Animal Type
13.6.2.3 Market Size and Forecast, By Distribution Channel
13.6.2.4 Market Size and Forecast, By End-use
13.6.3 Colombia
13.6.3.1 Market Size and Forecast, By Product
13.6.3.2 Market Size and Forecast, By Animal Type
13.6.3.3 Market Size and Forecast, By Distribution Channel
13.6.3.4 Market Size and Forecast, By End-use
13.6.4 Peru
13.6.4.1 Market Size and Forecast, By Product
13.6.4.2 Market Size and Forecast, By Animal Type
13.6.4.3 Market Size and Forecast, By Distribution Channel
13.6.4.4 Market Size and Forecast, By End-use
13.6.5 Chile
13.6.5.1 Market Size and Forecast, By Product
13.6.5.2 Market Size and Forecast, By Animal Type
13.6.5.3 Market Size and Forecast, By Distribution Channel
13.6.5.4 Market Size and Forecast, By End-use
13.6.6 Venezuela
13.6.6.1 Market Size and Forecast, By Product
13.6.6.2 Market Size and Forecast, By Animal Type
13.6.6.3 Market Size and Forecast, By Distribution Channel
13.6.6.4 Market Size and Forecast, By End-use
13.6.7 Rest of Latin America
13.6.7.1 Market Size and Forecast, By Product
13.6.7.2 Market Size and Forecast, By Animal Type
13.6.7.3 Market Size and Forecast, By Distribution Channel
13.6.7.4 Market Size and Forecast, By End-use
14 Middle East Animal Health Market Analysis and Forecast (2024-2030)
14.1 Introduction
14.2 Middle East Animal Health Market Size and Forecast, By Product
14.3 Middle East Animal Health Market Size and Forecast, By Animal Type
14.4 Middle East Animal Health Market Size and Forecast, By Distribution Channel
14.5 Middle East Animal Health Market Size and Forecast, By End-use
14.6 Middle East Animal Health Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.1.1 Market Size and Forecast, By Product
14.6.1.2 Market Size and Forecast, By Animal Type
14.6.1.3 Market Size and Forecast, By Distribution Channel
14.6.1.4 Market Size and Forecast, By End-use
14.6.2 UAE
14.6.2.1 Market Size and Forecast, By Product
14.6.2.2 Market Size and Forecast, By Animal Type
14.6.2.3 Market Size and Forecast, By Distribution Channel
14.6.2.4 Market Size and Forecast, By End-use
14.6.3 Egypt
14.6.3.1 Market Size and Forecast, By Product
14.6.3.2 Market Size and Forecast, By Animal Type
14.6.3.3 Market Size and Forecast, By Distribution Channel
14.6.3.4 Market Size and Forecast, By End-use
14.6.4 Kuwait
14.6.4.1 Market Size and Forecast, By Product
14.6.4.2 Market Size and Forecast, By Animal Type
14.6.4.3 Market Size and Forecast, By Distribution Channel
14.6.4.4 Market Size and Forecast, By End-use
14.6.5 South Africa
14.6.5.1 Market Size and Forecast, By Product
14.6.5.2 Market Size and Forecast, By Animal Type
14.6.5.3 Market Size and Forecast, By Distribution Channel
14.6.5.4 Market Size and Forecast, By End-use
14.6.6 Rest of Middle East & Africa
14.6.6.1 Market Size and Forecast, By Product
14.6.6.2 Market Size and Forecast, By Animal Type
14.6.6.3 Market Size and Forecast, By Distribution Channel
14.6.6.4 Market Size and Forecast, By End-use
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Zoetis
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Ceva Santé Animale
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Merck & Co., Inc.
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Vetoquinol S.A.
16.4.1 Overview
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Boehringer Ingelheim GmbH
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Elanco
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Virbac
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Heska
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Dechra Pharmaceuticals plc
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 IDEXX Laboratories, Inc.
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
16.12.5 Key Market Developments
16.12.6 Key Strategies