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Animal Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global animal health market reached a value of US$ 34.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 43.7 Billion by 2027, exhibiting at a CAGR of 3.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

 

 
 

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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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global animal health market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on animal type and product type.

Breakup by Animal Type:

  • Commercial
  • Companion 
     

On the basis of animal types, the market has been bifurcated into commercial and companion animals. At present, commercial animals account for majority of the market share.

Breakup by Product Type:

 

 
 

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  • Pharmaceuticals 
  • Biologicals
  • Medicinal Feed Additives
  • Diagnostics 
     

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:

 

 
 

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  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

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
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Animal Type, Product Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Bayer, Elanco, Merck, Merial, Zoetis Inc., Biogenesis Bago, Boehringer Ingelheim, Ceva Sante Animale, Heska, Neogen, Novartis, Thermo Fisher Scientific, Vetoquinol and Virbac
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License $ 2499
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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 Type
    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 Type
    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$), 2016-2021
Figure 3: Global: Animal Health Market: Breakup by Animal Type (in %), 2021
Figure 4: Global: Animal Health Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Animal Health Market: Breakup by Region (in %), 2021
Figure 6: Global: Animal Health Market Forecast: Sales Value (in Billion US$), 2022-2027
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$), 2016 & 2021
Figure 11: Global: Animal Health (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Animal Health (Companion) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Animal Health (Companion) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Animal Health (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Animal Health (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Animal Health (Biologicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Animal Health (Biologicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Animal Health (Medicinal Feed Additives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Animal Health (Medicinal Feed Additives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Animal Health (Diagnostics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Animal Health (Diagnostics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: North America: Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: North America: Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Europe: Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Europe: Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Asia Pacific: Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Asia Pacific: Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Middle East and Africa: Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Middle East and Africa: Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Latin America: Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Latin America: Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Animal Health Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Animal Health Market Forecast: Breakup by Animal Type (in Million US$), 2022-2027
Table 3: Global: Animal Health Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 4: Global: Animal Health Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Animal Health Market: Competitive Structure
Table 6: Global: Animal Health Market: Key Players

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Key Questions Answered in This Report

The global animal health market was valued at US$ 34.9 Billion in 2021.

We expect the global animal health market to exhibit a CAGR of 3.6% during 2022-2027.

The rising prevalence of numerous zoonotic diseases, along with the increasing R&D activities in the
veterinary pharmaceutical industry, are currently driving the global animal health market.

The sudden outbreak of the COVID-19 pandemic has led to an increased attention towards the animal
health to monitor the symptoms of coronavirus infection on animals and conduct necessary clinical
research activities.

Based on the animal type, the global animal health market has been segmented into commercial and
companion. Currently, commercial animals hold the majority of the total market share.

Based on the product type, the global animal health market can be divided into pharmaceuticals,
biologicals, medicinal feed additives, and diagnostics. Among these, pharmaceuticals currently represent
the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global animal health market include Bayer, Elanco, Merck, Merial,
Zoetis Inc., Biogenesis Bago, Boehringer Ingelheim, Ceva Sante Animale, Heska, Neogen, Novartis,
Thermo Fisher Scientific, Vetoquinol, Virbac, etc.

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