Market Overview:
The global animal healthcare market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for animal-derived food products, rising awareness about zoonotic diseases, and growing companion animal population. The pharmaceuticals segment is expected to dominate the market during the forecast period owing to the increasing prevalence of zoonotic diseases and rising demand for novel therapeutics and vaccines. Asia Pacific is projected to be fastest-growing region during the forecast period owing to rapid economic development, growing companion animal population, and increasing incidence of zoonotic diseases.
Product Definition:
Animal Healthcare is the practice of providing veterinary care and treatment to animals. The importance of Animal Healthcare is that it helps to keep animals healthy and allows them to live long, productive lives.
Pharmaceuticals:
Pharmaceuticals is the most important and fastest growing segment in animal healthcare market. The growth of this industry can be attributed to factors such as increasing awareness among pet owners, rising disposable income, new product development by market players and government initiatives.
Increasing prevalence of chronic diseases in pets has led to a rise in demand for pharmaceuticals used for disease treatment or prevention.
Vaccines:
The global vaccines and it's usage in animal healthcare market size was valued at USD 2.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing prevalence of diseases, such as canine distemper, bovine respiratory disease, swine flu (H1N1), avian influenza (AI), etc., is one of the key factors driving growth during the forecast period.
Application Insights:
The farm animal segment accounted for the largest revenue share in 2017 and is anticipated to witness significant growth over the forecast period. The increasing need for vaccines against various diseases, coupled with a rise in demand for high-quality animal-derived products, particularly meat and dairy products, is expected to drive this segment.
Companion animals are generally more expensive than other livestock owing to their higher level of training and intelligence. This has resulted in an increased demand for veterinary medicines that target specific health issues such as fleas or worms among others. Moreover, rising consumer awareness regarding pet health along with increasing disposable income has driven the adoption of premium quality food & diets that are specifically designed for companion animals which further propels the market growth.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of animal healthcare providers and high adoption rate for veterinary medicines are some factors driving the regional market. Moreover, increasing R&D expenditure by pharmaceutical companies to develop new drugs is expected to fuel growth during the forecast period.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising disposable income and growing population with increased awareness about pet care, especially in developing countries such as China and India. Furthermore, government initiatives encouraging people to keep pets are anticipated boost demand for animal health products over the next eight years - 2030). For instance, according to a survey conducted by China International Food & Drug Administration (CFDA) on behalf of 12th Five Year Plan from 2016 - 2020; it was found that nearly 90% people living in urban areas own a pet at least once in their life time while 60% have owned dogs only followed by cats (China Daily 2016).
Growth Factors:
- Increasing demand for animal-derived food products: The global population is growing at a rapid pace and with it, the demand for animal-derived food products is also increasing. This is driving the growth of the Animal Healthcare market as more and more farmers are investing in livestock to meet this rising demand.
- Growing awareness about preventive healthcare: There has been a growing awareness among people about preventive healthcare, which is benefiting the Animal Healthcare market. People are now increasingly aware of the importance of vaccinations and other preventive measures to keep their animals healthy and this is driving growth in this market.
- Rising disposable income: A major factor that drives spending on healthcare products is rising disposable income levels around the world. With an increase in per capita income, people are able to afford better quality health care for their animals, which is benefiting the Animal Healthcare market significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Animal Healthcare Market Research Report
By Type
Pharmaceuticals, Vaccines
By Application
Companion Animal, Farm Animal
By Companies
Zoetis, Boehringer Ingelheim, Merck Animal Health, Elanco, Bayer Animal Health, Ceva Animal Health, Virbac, Dechra, Phibro, Vetoquinol, Ouro Fino Saude
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Animal Healthcare Market Report Segments:
The global Animal Healthcare market is segmented on the basis of:
Types
Pharmaceuticals, Vaccines
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Companion Animal, Farm Animal
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Zoetis
- Boehringer Ingelheim
- Merck Animal Health
- Elanco
- Bayer Animal Health
- Ceva Animal Health
- Virbac
- Dechra
- Phibro
- Vetoquinol
- Ouro Fino Saude
Highlights of The Animal Healthcare Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pharmaceuticals
- Vaccines
- By Application:
- Companion Animal
- Farm Animal
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Animal Healthcare Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Animal healthcare is the practice of providing veterinary care for animals. This may include diagnosis and treatment of illness, surgery, preventive care, and management of injuries.
Some of the major companies in the animal healthcare market are Zoetis, Boehringer Ingelheim, Merck Animal Health, Elanco, Bayer Animal Health, Ceva Animal Health, Virbac, Dechra, Phibro, Vetoquinol, Ouro Fino Saude.
The animal healthcare market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Animal Healthcare Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Animal Healthcare Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Animal Healthcare Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Animal Healthcare Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Animal Healthcare Market Size & Forecast, 2020-2028
4.5.1 Animal Healthcare Market Size and Y-o-Y Growth
4.5.2 Animal Healthcare Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Pharmaceuticals
5.2.2 Vaccines
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Companion Animal
6.2.2 Farm Animal
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Animal Healthcare Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Animal Healthcare Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Pharmaceuticals
9.6.2 Vaccines
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Companion Animal
9.10.2 Farm Animal
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Pharmaceuticals
10.6.2 Vaccines
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Companion Animal
10.10.2 Farm Animal
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Pharmaceuticals
11.6.2 Vaccines
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Companion Animal
11.10.2 Farm Animal
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Pharmaceuticals
12.6.2 Vaccines
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Companion Animal
12.10.2 Farm Animal
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Pharmaceuticals
13.6.2 Vaccines
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Companion Animal
13.10.2 Farm Animal
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Animal Healthcare Market: Competitive Dashboard
14.2 Global Animal Healthcare Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zoetis
14.3.2 Boehringer Ingelheim
14.3.3 Merck Animal Health
14.3.4 Elanco
14.3.5 Bayer Animal Health
14.3.6 Ceva Animal Health
14.3.7 Virbac
14.3.8 Dechra
14.3.9 Phibro
14.3.10 Vetoquinol
14.3.11 Ouro Fino Saude
