Animal Healthcare Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Rising prevalence of infectious and parasitic diseases and increased pet adoption is expected to drive the growth of Global Animal Healthcare Market.
Animal Healthcare Market is valued at USD 38,162.2 Million in 2019 and expected to reach USD 48,847.2 Million by 2025 with the CAGR of 4.2% over the forecast period.
Animal Healthcare involves the development of vaccines, medicines, nutritive feed and others which provides the healthy life to the companion and poultry animals which will reduce the chances of infections and diseases in the animals. In addition, the development in animal healthcare is expected to increase in the near future which will further increase the animal adoption and also increase the quality of livestock animals. Animal healthcare market is dependent on animal type which includes production animal and companion animal. Production animal includes poultry, cattle, swine, equine and others and companion animal includes dogs cats and others.
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Animal Healthcare Market report is segmented into product type, animal type, distribution channel and by regional & country level. Based upon product type, Animal Healthcare market is segmented into pharmaceuticals, feed additives and vaccines. On the basis of animal type, the market is segmented into production animal and companion animal. based upon distribution channel, animal healthcare market is classified into veterinary hospitals, veterinary clinics, pharmacies & drug stores, and online pharmacies.
The regions covered in this Animal Healthcare market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Animal Healthcare market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Animal Healthcare Market Report–
Some major key players for Animal Healthcare market are Zoetis, Elanco, Ceva Sante Animale, Boehringer Ingelheim, Virbac, Merck, Phirbo Animal Health, Bayer, Vetoquinol and others.
MSD Animal Health and Mission Rabies Extend Long-Standing Collaboration to Eliminate Rabies in High-Risk Regions Around the World
On 13 June 2019, Merck Animal Health, a division of Merck & Co., Inc. announced a commitment to extend donations of the company’s NOBIVAC rabies vaccine to Mission Rabies for the next five years. This commitment builds on a long-standing collaboration with Mission Rabies to eliminate rabies in high-risk regions around the world, principally in Africa, India and other parts of Asia where the vast majority of human cases still occur.
Rising Prevalence of Infectious and Parasitic Diseases and Increased Adoption of Companion Animals.
There is a constant increase in the adoption of companion animals which increases the awareness about animal health. As per American Society for the Prevention of Cruelty to Animals report, approximately 3.2 million shelter animals are adopted each year (1.6 million dogs and 1.6 million cats). In addition, increased prevalence of zoonotic diseases among animals led to the increased demand of better animal healthcare as it leads to the loss of livestock animals. Furthermore, increased consumption of meat and dairy products has also increase the demand of animal healthcare to improve the quality and safety of food products. Moreover, various government initiatives have also improved the animal healthcare which includes vaccination of animals and development of new and effective drugs for the treatment of various infection diseases. However, restriction imposed by regulatory authorities is expected to hinder the growth of animal healthcare market over the forecast period. In spite of that, increase in research and development activities are can provide various opportunities for the further growth of this market within the forecast period.
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North America is Expected to Dominate the Animal Healthcare Market.
North America accounted for largest share of the animal healthcare market and Europe is expected to closely follow the North America in terms of growth. Most of the major manufacturers belong to these regions and both the region together contributes around 60% to the global animal healthcare market. Asia Pacific is expected to be the fastest growing region over the forecast period. Increase in animal adoption and increased consumption of meat and dairy products are expected factors supplementing the growth of animal healthcare market in this region. Latin America and Middle East & Africa are expected to develop at a considerable rate over the forecast period.
Key Benefits for Animal Healthcare Market Report–
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
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Animal Healthcare Market Segmentation: –
By Product Type:
- Feed Additives
By Animal Type:
- Production Animal
- Companion Animal
By Distribution Channel:
- Veterinary Hospitals
- Veterinary Clinics
- Pharmacies & Drug Stores
- Online Pharmacies
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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