The global animal health market reached a value of US$ 48.1 Billion in 2020. Animals regularly require adequate care from their owners in order to have a good health. As the production of healthy livestock ensures safe food supply and retains the stability of consumer prices, regular monitoring of animal health and averting animal disease outbreaks have become indispensable for every country. As effective control and prevention is necessary for limiting the spread of zoonotic diseases among animals and human beings, the animal health market is gradually gaining traction across the globe. Moreover, pet and livestock owners nowadays are willing to spend on animal healthcare products and services owing to their inflating disposable incomes, growing awareness through print and electronic media, and the emerging trend of pet humanization.
Global Animal Health Market Drivers:
Currently, the animal health industry is flourishing on account of rapid technological advancements and increasing research and development activities in the veterinary pharmaceutical industry. With the help of advanced technological systems, data produced in veterinary clinics can be now uploaded on the internet and shared with other researchers and clinicians. This technology also aids in facilitating real-time analysis of fluctuations in the prevalence of diseases. In order to optimize the veterinary healthcare sector, governments in several developed countries are also undertaking initiatives and implementing animal vaccination programs. Looking forward, IMARC Group expects the global animal health market to exhibit moderate growth during 2021-2026.
Breakup by Animal Type:
On the basis of animal types, the market has been bifurcated into commercial and companion animals. At present, commercial animals account for the majority of the market share.
Breakup by Product Type:
Based on the product type, the animal health market has been divided into pharmaceuticals, biologicals, medicinal feed additives and diagnostics. Pharmaceuticals currently represent the largest product type.
Regional Insights:
On a geographical front, North America enjoys the leading position in the global animal health market. Other regions include Europe, Asia Pacific, Latin America, and Middle East and Africa.
Competitive Landscape:
The market is highly fragmented in nature with the presence of several small as well as large players who compete in terms of prices and quality. Some of the major players operating in the market include:
- Bayer
- Elanco
- Merck
- Merial
- Zoetis Inc.
- Biogenesis Bago
- Boehringer Ingelheim
- Ceva Sante Animale
- Heska
- Neogen
- Novartis
- Thermo Fisher Scientific
- Vetoquinol
- Virbac
Key Questions Answered in This Report:
The global animal health market size was valued at US$ 48.1 Billion in 2020.
According to the estimates by IMARC Group, the global animal health market is expected to witness a CAGR of 4.8% from 2021 to 2026.
The growing number of R&D activities in the veterinary pharmaceutical sector for facilitating real-time disease analysis represents one of the key drivers for the global animal health market.
Numerous governments across several developed countries are undertaking various initiatives and implementing animal vaccination programs representing one of the key trends in the global animal health market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in postponement of various research and development activities pertaining to veterinary applications.
On the basis of the animal type, the market has been divided into commercial animals and companion animals. Among these, commercial animals represent the largest segment.
On the basis of the product type, the market has been segmented into pharmaceuticals, biologicals, medicinal feed additives and diagnostics. At present, pharmaceuticals exhibit a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global animal health market are Bayer, Elanco, Merck, Merial, Zoetis Inc., Biogenesis Bago, Boehringer Ingelheim, Ceva Sante Animale, Heska, Neogen, Novartis, Thermo Fisher Scientific, Vetoquinol, and Virbac.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Animal Health Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Animal Type
5.5 Market Breakup by Product
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Animal Type
6.1 Commercial
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Companion
6.2.1 Market Trends
6.2.3 Market Forecast
7 Market Breakup by Product
7.1 Pharmaceuticals
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Biologicals
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Medicinal Feed Additives
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Diagnostics
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 Global Animal Health Industry: SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Global Animal Health Industry: Value Chain Analysis
11 Global Animal Health Industry: Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Global Animal Health Industry: Price Analysis
12.1 Key Price Indicators
12.2 Price Structure
12.3 Margin Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Bayer
13.3.2 Elanco
13.3.3 Merck
13.3.4 Merial
13.3.5 Zoetis Inc.
13.3.6 Biogenesis Bago
13.3.7 Boehringer Ingelheim
13.3.8 Ceva Sante Animale
13.3.9 Heska
13.3.10 Neogen
13.3.11 Novartis
13.3.12 Thermo Fisher Scientific
13.3.13 Vetoquinol
13.3.14 Virbac
List of Figures
Figure 1: Global: Animal Health Market: Major Drivers and Challenges
Figure 2: Global: Animal Health Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Animal Health Market: Breakup by Animal Type (in %), 2020
Figure 4: Global: Animal Health Market: Breakup by Product (in %), 2020
Figure 5: Global: Animal Health Market: Breakup by Region (in %), 2020
Figure 6: Global: Animal Health Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 7: Global: Animal Health Industry: SWOT Analysis
Figure 8: Global: Animal Health Industry: Value Chain Analysis
Figure 9: Global: Animal Health Industry: Porter’s Five Forces Analysis
Figure 10: Global: Animal Health (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Animal Health (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Animal Health (Companion) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Animal Health (Companion) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Animal Health (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Animal Health (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Animal Health (Biologicals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Animal Health (Biologicals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Animal Health (Medicinal Feed Additives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Animal Health (Medicinal Feed Additives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Animal Health (Diagnostics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Animal Health (Diagnostics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: North America: Animal Health Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: North America: Animal Health Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Europe: Animal Health Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Europe: Animal Health Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Asia Pacific: Animal Health Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Asia Pacific: Animal Health Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Middle East and Africa: Animal Health Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Middle East and Africa: Animal Health Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Latin America: Animal Health Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Latin America: Animal Health Market Forecast: Sales Value (in Million US$), 2021-2026
List of Tables
Table 1: Global: Animal Health Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Animal Health Market Forecast: Breakup by Animal Type (in Million US$), 2021-2026
Table 3: Global: Animal Health Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 4: Global: Animal Health Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Animal Health Market: Competitive Structure
Table 6: Global: Animal Health Market: Key Players