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

Market Overview:

The global companion animal health market reached a value of US$ 21.18 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 36.19 Billion by 2027, exhibiting a CAGR of 8.80% 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 on different end use sectors. These insights are included in the report as a major market contributor.

Companion animal health refers to the regular monitoring of the health of companion animals to detect diseases and other conditions, which can put their lives in danger if left untreated. It includes the development of monoclonal antibody therapies, therapeutic vaccines, anti-neoplastic drugs, genomic tests, and digital technologies. At present, there is a significant rise in the number of pet parents around the world who are aware about the overall health and well-being of companion animals and routinely seek veterinary services.

Companion Animal Health Market Trends:

Companion animal aging has led to a rise in the risk of tumors, obesity, osteoarthritis, cardiovascular diseases (CVDs), diabetes mellitus, and hepatic and renal diseases worldwide. This, in confluence with the growing awareness about the One Health (OH) approach initiative, which recognizes that public health is connected with animal health and the environment, represents one of the key factors creating a positive outlook for the market. This initiative is supported by the World Health Organization (WHO), Food and Agriculture Organization (FAO), and the American Veterinary Medical Association (AVMA). Moreover, having companion animals is associated with positive health benefits, including lower blood pressure, decrease anxiety, reduce cardiac arrhythmia, more psychological stability, and better well-being. Besides this, there is an increase in the utilization of animal-assisted therapy in numerous areas of human health care. This, coupled with the rising population of traditional companion animals, such as dogs and cats, is impelling the market growth. Apart from this, vaccination of companion animals, particularly dogs, against rabies helps prevent the disease in animals and humans. Furthermore, the increasing prevalence of zoonotic diseases across the globe is anticipated to facilitate the growth of the market.

Key Market Segmentation:

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

Breakup by Animal Type:

  • Dogs
  • Cats
  • Equine
  • Others
     

Breakup by Product:

  • Vaccines
  • Pharmaceuticals
  • Feed Additives
  • Diagnostics
  • Others
     

Breakup by End User:

  • Point-of-care Testing/In-house Testing
  • Veterinary Hospitals and Clinics
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Agrolabo S.p.A., Boehringer Ingelheim, Ceva Santé Animale, Dechra Pharmaceuticals PLC, Elanco Animal Health Incorporated, IDEXX Laboratories Inc., Indian Immunologicals Limited (National Dairy Development Board), Merck & Co. Inc., Norbrook Laboratories, Vetoquinol SA, Virbac and Zoetis Inc.

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, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Agrolabo S.p.A., Boehringer Ingelheim, Ceva Santé Animale, Dechra Pharmaceuticals PLC, Elanco Animal Health Incorporated, IDEXX Laboratories Inc., Indian Immunologicals Limited (National Dairy Development Board), Merck & Co. Inc., Norbrook Laboratories, Vetoquinol SA, Virbac and Zoetis Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 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)

 

Key Questions Answered in This Report:

  • How has the global companion animal health market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global companion animal health market?
  • What are the key regional markets?
  • What is the breakup of the market based on the animal type?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global companion animal health market and who are the key players?
  • What is the degree of competition in the industry?

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 Companion Animal Health Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Animal Type
    6.1    Dogs
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Cats
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Equine
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Product
    7.1    Vaccines
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Pharmaceuticals
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    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
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by End User
    8.1    Point-of-care Testing/In-house Testing
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Veterinary Hospitals and Clinics
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Agrolabo S.p.A.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Boehringer Ingelheim
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Ceva Santé Animale
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Dechra Pharmaceuticals PLC
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
        14.3.5    Elanco Animal Health Incorporated
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
        14.3.6    IDEXX Laboratories Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Indian Immunologicals Limited (National Dairy Development Board)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Merck & Co. Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Norbrook Laboratories
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Vetoquinol SA
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
        14.3.11    Virbac
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Zoetis Inc.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Companion Animal Health Market: Major Drivers and Challenges
Figure 2: Global: Companion Animal Health Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Companion Animal Health Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Companion Animal Health Market: Breakup by Animal Type (in %), 2021
Figure 5: Global: Companion Animal Health Market: Breakup by Product (in %), 2021
Figure 6: Global: Companion Animal Health Market: Breakup by End User (in %), 2021
Figure 7: Global: Companion Animal Health Market: Breakup by Region (in %), 2021
Figure 8: Global: Companion Animal Health (Dogs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Companion Animal Health (Dogs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Companion Animal Health (Cats) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Companion Animal Health (Cats) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Companion Animal Health (Equine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Companion Animal Health (Equine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Companion Animal Health (Other Animal Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Companion Animal Health (Other Animal Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Companion Animal Health (Vaccines) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Companion Animal Health (Vaccines) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Companion Animal Health (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Companion Animal Health (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Companion Animal Health (Feed Additives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Companion Animal Health (Feed Additives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Companion Animal Health (Diagnostics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Companion Animal Health (Diagnostics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Companion Animal Health (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Companion Animal Health (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Companion Animal Health (Point-of-care Testing/In-house Testing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Companion Animal Health (Point-of-care Testing/In-house Testing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Companion Animal Health (Veterinary Hospitals and Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Companion Animal Health (Veterinary Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Companion Animal Health (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Companion Animal Health (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Companion Animal Health Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Companion Animal Health Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Companion Animal Health Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Companion Animal Health Industry: SWOT Analysis
Figure 82: Global: Companion Animal Health Industry: Value Chain Analysis
Figure 83: Global: Companion Animal Health Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Companion Animal Health Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Companion Animal Health Market Forecast: Breakup by Animal Type (in Million US$), 2022-2027
Table 3: Global: Companion Animal Health Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 4: Global: Companion Animal Health Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Companion Animal Health Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Companion Animal Health Market: Competitive Structure
Table 7: Global: Companion Animal Health Market: Key Players

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