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.
www.imarcgroup.com
Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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:
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:
www.imarcgroup.com
Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- 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:
To get more information on the regional analysis of this market, Request Sample
- 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
Five User License $ 3499
Corporate License $ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| 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