According to Nova one advisor, the global Animal Healthcare market size was estimated at USD 53.20 billion in 2021 and is expected to surpass around USD 77.12 billion by 2030 and poised to grow at a compound annual growth rate (CAGR) of 5.20% during the forecast period 2022 to 2030. Increase in animal population, high prevalence of diseases, and surge in global consumption of meat and milk are projected to drive the global animal healthcare market during the forecast period
Rise in Prevalence of Diseases in Animals and Increase in Global Consumption of Meat & Milk: Key Drivers
Report Scope of the Animal Healthcare Market
Report Coverage |
Details |
Market Size |
USD 77.12 Billion by 2030 |
Growth Rate |
CAGR of 5.20% from 2022 to 2030 |
Largest Market |
North America |
Fastest Growing Market |
Asia Pacific |
Base Year |
2021 |
Forecast Period |
2022 to 2030 |
Segments Covered |
Animal Type, Product, Distribution Channel, End Use, Treatments And Region |
Companies Mentioned |
|
Advancement in Technology Leading to Easy Usage Boosts Market Growth
Stringent Regulations and High Cost of Animal Healthcare Services to Hamper Market
Emergence of New Disease Conditions Contributing to Market Growth
There are several new diseases that are affecting animals these days. These diseases can either make the animal seriously ill or can even kill them. It is, therefore, necessary for the animals’ owner to have necessary medications to cure the animals. Moreover, the emergence of such diseases has heightened the need for veterinary clinics to be located close to animal husbandries or farms. This is also a major factor that is boosting the growth of the global animal healthcare market during the years 2021 to 2028.
Stakeholders Ensure Robust Supply of Life-saving Therapeutics During COVID-19 Pandemic
Veterinarians in the market for animal healthcare have been striving to meet urgent care needs of companion and production animals during the ongoing COVID-19 pandemic. Since veterinarians are at a high risk of exposure to the novel infection, these practitioners are indefinitely postponing elective animal treatment procedures. Such trends are resulting in an impetus to the telehealth and eHealth app sector. At the same time, participants in the market are ensuring robust supply of life-saving therapeutics, animal feed additives, and vaccines to prevent interruptions in treatment procedures. Domestic and global companies are in the midst of rapid shift in supply chain planning, operations, and inventory management to address the impact of the pandemic.
NGOs Hamper Market Growth by Raising Concerns over Animal Drug Testing
There are several non-government organizations (NGOs) that are actively opposing pharmaceutical companies and research organizations that are using live animals as their test subjects. These organizations are one of the major reasons that are boosting the growth of the global animal healthcare market during the projected period. However, due to these oppositions, pharmaceutical companies are not able to develop drugs that can help the animals to regain their deteriorating health. This might act as growth hampering factor for the global animal healthcare market. Nevertheless, companies have started to examine the animals’ health via several survey and are collecting data from pet owners to innovate in new drugs. This data can help the market players to derive effective drug and therapeutic formulations for the animals. As a result of this development, the global animal healthcare market is projected to sustain its growth momentum over the assessment period.
Innovations in Vaccines Hold Potentials to Offer Protection against Several Diseases
Vaccination is the best protection that any animal owner can provide to its pet or production animal. These vaccines improves the immunity of the animal against several diseases. This is the reason that the segment is witnessing massive investments by pharmaceutical companies. The companies are investing a fortune to develop new vaccines that can protect the animals from diseases such as hepatitis, cholera, and other viral & bacterial diseases in the future.
Investment in Animal Healthcare Budgets Creating Lucrative Opportunities in North America
The animal healthcare market is dominated by North America in terms of revenue. The region is witnessing massive growth in the demand for better healthcare services in countries such as the U.S. and Canada. These countries are investing a massive amount in their annual budget to offer better healthcare service in the upcoming years. Due to these reasons, the global animal healthcare market is expected to be dominated by North America on regional front throughout the assessment period.
Animal husbandry and agriculture are two of the most important industries influencing the economy of any country. It is, therefore, essential for the farmers and industry owners to ensure that their animals are in good health and in good shape. Due to this growing awareness of animal health, the global animal healthcare market is projected to grow substantially in the upcoming years.
Some of the prominent players in the Animal Healthcare Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Animal Healthcare market
By Animal Type
By Product
By Distribution Channel
By End Use
By Treatments
By Regional Outlook
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Benefits for Stakeholders
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Animal Healthcare Market
5.1. COVID-19 Landscape: Animal Healthcare Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Animal Healthcare Market, By Animal Type
8.1. Animal Healthcare Market, by Animal Type, 2022-2030
8.1.1. Production Animal
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Companion Animal
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Animal Healthcare Market, By Product Type
9.1. Animal Healthcare Market, by Product Type, 2022-2030
9.1.1. Vaccines
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Pharmaceuticals
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Feed Additives
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Diagnostics
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Equipment and Disposables
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Animal Healthcare Market, By Distribution Channel
10.1. Animal Healthcare Market, by Distribution Channel Type, 2022-2030
10.1.1. Retail Pharmacy
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. E-commerce
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Hospital Pharmacy
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Animal Healthcare Market, By End Use
11.1. Animal Healthcare Market, by End Use Type, 2022-2030
11.1.1. Reference Laboratories
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Point of care testing/ in-house testing
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Veterinary Hospitals & Clinics
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Others
11.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Animal Healthcare Market, By Treatments Type
12.1. Animal Healthcare Market, by Treatments, 2022-2030
12.1.1. Allergies
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Arthritis
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Gastrointestinal Disease
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Difficult Dermatology Cases
12.1.4.1. Market Revenue and Forecast (2017-2030)
12.1.5. Others
12.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Animal Healthcare Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Animal (2017-2030)
13.1.2. Market Revenue and Forecast, by Product (2017-2030)
13.1.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.4. Market Revenue and Forecast, by End Use (2017-2030)
13.1.5. Market Revenue and Forecast, by Treatments (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Animal (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.6.4. Market Revenue and Forecast, by End Use (2017-2030)
13.1.7. Market Revenue and Forecast, by Treatments (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Animal (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.8.4. Market Revenue and Forecast, by End Use (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Treatments (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Animal (2017-2030)
13.2.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.4. Market Revenue and Forecast, by End Use (2017-2030)
13.2.5. Market Revenue and Forecast, by Treatments (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Animal (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.7. Market Revenue and Forecast, by End Use (2017-2030)
13.2.8. Market Revenue and Forecast, by Treatments (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Animal (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.10. Market Revenue and Forecast, by End Use (2017-2030)
13.2.11. Market Revenue and Forecast, by Treatments (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Animal (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.12.4. Market Revenue and Forecast, by End Use (2017-2030)
13.2.13. Market Revenue and Forecast, by Treatments (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Animal (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.14.4. Market Revenue and Forecast, by End Use (2017-2030)
13.2.15. Market Revenue and Forecast, by Treatments (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Animal (2017-2030)
13.3.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.4. Market Revenue and Forecast, by End Use (2017-2030)
13.3.5. Market Revenue and Forecast, by Treatments (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Animal (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.6.4. Market Revenue and Forecast, by End Use (2017-2030)
13.3.7. Market Revenue and Forecast, by Treatments (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Animal (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.8.4. Market Revenue and Forecast, by End Use (2017-2030)
13.3.9. Market Revenue and Forecast, by Treatments (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Animal (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.10.4. Market Revenue and Forecast, by End Use (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Treatments (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Animal (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.11.4. Market Revenue and Forecast, by End Use (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Treatments (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Animal (2017-2030)
13.4.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.4. Market Revenue and Forecast, by End Use (2017-2030)
13.4.5. Market Revenue and Forecast, by Treatments (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Animal (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.6.4. Market Revenue and Forecast, by End Use (2017-2030)
13.4.7. Market Revenue and Forecast, by Treatments (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Animal (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.8.4. Market Revenue and Forecast, by End Use (2017-2030)
13.4.9. Market Revenue and Forecast, by Treatments (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Animal (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.10.4. Market Revenue and Forecast, by End Use (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Treatments (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Animal (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.11.4. Market Revenue and Forecast, by End Use (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Treatments (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Animal (2017-2030)
13.5.2. Market Revenue and Forecast, by Product (2017-2030)
13.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.4. Market Revenue and Forecast, by End Use (2017-2030)
13.5.5. Market Revenue and Forecast, by Treatments (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Animal (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.6.4. Market Revenue and Forecast, by End Use (2017-2030)
13.5.7. Market Revenue and Forecast, by Treatments (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Animal (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.8.4. Market Revenue and Forecast, by End Use (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Treatments (2017-2030)
Chapter 14. Company Profiles
14.1. Elanco
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Bayer
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Dechra Pharmaceuticals
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Neogen
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Boehringer Ingelheim
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Merck & Co, Inc.
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Zoetis
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Nutreco N.V.
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Virbac
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Vetquinol S.A.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms