Animal Health Market | 2021 Size, Growth, Share, Cap, Regional Analysis With Global Industry Forecast To 2027. The global animal health market size is anticipated to reach USD 67.56 billion by 2026 owing to the increasing number of animal health issues worldwide. Animals have always been of immense help to man either as companions or as livestock. With time, man starting adopting animals and keeping them as pets. Animals, alike humans, are susceptible to infections and diseases and require medical aid. As per a recently published report by Fortune Business insights™ titled, “Animal Health Market Size, Share and Global Trend By Product (Drugs, Vaccines, Feed, and Diagnostics), By Animal (Livestock Animals and Companion Animals), By End User (Veterinary Hospitals & Clinics, Animal Care & Rehabilitation Centers, Diagnostic Centers, and Others) and Geography Forecast till 2026” the market size was USD 41.50 billion in 2018 and is anticipated to rise at a CAGR of 6.3%.
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Key Companies and Manufacturers Covered:
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight.
- Emergent BioSolutions, Inc.
- Boehringer Ingelheim International GmbH
- Novartis AG
- Intervet Inc.
- Bayer AG
- Merck & Co., Inc.
- IDEXX Laboratories, Inc.
- CSL Limited
Major Growth Drivers:
Increasing Number of Pet Owners and Emphasis on Animal Health to Propel Growth
The increasing pet adoption is a major factor propelling animal health market growth. Besides this, analysts at Fortune Business Insights™ say, “the rising prevalence of diseases among animals, especially zoonotic diseases, is likely to promote the animal health market growth during the forecast period.” Zoonotic diseases can be transmitted from animals to humans; a few of which include bubonic plague, salmonellosis, anthrax, rabies, and West Nile virus. Besides this, the rise in the number of animal healthcare clinics worldwide will also drive the market.
The recent coronavirus outbreak has brought major businesses to a standstill. Due to travel bans, companies in this sector are likely to take a huge hit in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global Animal Health market and discusses how major companies are coping with this.
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Animal Health Market Growth Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
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- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
This report focuses on Animal Health Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Presence of Advanced Teams for Research and Development Activities Will Aid Growth of the Market in North America
Geographically, the global animal health market is categorized into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. These regions are further categorized into nations. Among these, North America held the largest veterinary healthcare market share and generated a revenue of USD 14.12 billion in 2018. This is attributable to the presence of numerous animal health centers and technologically advanced team for research and development of novel therapeutics. Besides this, the rise in the number of pet owners and their rising concern for maintaining the health of their pets will help in the expansion of the market.
Europe stands second in the veterinary healthcare market, owing to the consistent growth witnessed in the past few years. Besides this, the market in Asia Pacific will witness significant growth on account of the increasing number of biopharma companies in countries such as India, Japan, and China.
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Detailed Table of Content:
1 Animal Health Market Overview
1.1 Animal Health Product Overview
1.2 Animal Health Market Segment by Type
1.3 Global Animal Health Market Size by Type (2015-2027)
1.3.1 Global Animal Health Market Size Overview by Type (2015-2027)
1.3.2 Global Animal Health Historic Market Size Review by Type (2015-2021)
22.214.171.124 Global Animal Health Sales Market Share Breakdown by Type (2015-2027)
126.96.36.199 Global Animal Health Market Share Breakdown by Type (2015-2027)
188.8.131.52 Global Animal Health Average Selling Price (ASP) by Type (2015-2027)
1.3.3 Global Animal Health Market Size Forecast by Type (2021-2027)
184.108.40.206 Global Animal Health Sales Market Share Breakdown by Application (2021-2027)
220.127.116.11 Global Animal Health Revenue Market Share Breakdown by Application (2021-2027)
18.104.22.168 Global Animal Health Average Selling Price (ASP) by Application (2021-2027)
1.4 Key Regions Market Size Segment by Type (2015-2021)
1.4.1 North America Animal Health Sales Breakdown by Type (2015-2027)
1.4.2 Europe Animal Health Sales Breakdown by Type (2015-2027)
1.4.3 Asia-Pacific Animal Health Sales Breakdown by Type (2015-2027)
1.4.4 Latin America Animal Health Sales Breakdown by Type (2015-2027)
1.4.5 Middle East and Africa Animal Health Sales Breakdown by Type (2015-2027)
2 Global Animal Health Market Competition by Company
2.1 Global Top Players by Animal Health Sales (2015-2021)
2.2 Global Top Players by Animal Health Revenue (2015-2021)
2.3 Global Top Players Animal Health Average Selling Price (ASP) (2015-2021)
2.4 Global Top Company Animal Health Manufacturing Base Distribution, Sales Area, Product Type
2.5 Animal Health Market Competitive Situation and Trends
2.5.1 Animal Health Market Growth Rate (2015-2021)
2.5.2 Global 5 and 10 Largest Company by Animal Health Sales and Revenue in 2019
2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Animal Health as of 2019)
2.7 Date of Key Company Enter into Animal Health Market
2.8 Key Company Animal Health Product Offered
2.9 Mergers and Acquisitions, Expansion
3 Global Animal Health Status and Outlook by Region (2015-2027)
3.1 Global Animal Health Market Size and CAGR by Region: 2015 VS 2021 VS 2027
3.2 Global Animal Health Market Size Market Share by Region (2015-2021)
3.2.1 Global Animal Health Sales Market Share by Region (2015-2021)
3.2.2 Global Animal Health Revenue Market Share by Region (2015-2021)
3.2.3 Global Animal Health Sales, Revenue, Price and Gross Margin (2015-2021)
3.3 Global Animal Health Market Size Market Share by Region (2021-2027)
3.3.1 Global Animal Health Sales Market Share by Region (2021-2027)
3.3.2 Global Animal Health Revenue Market Share by Region (2021-2027)
3.3.3 Global Animal Health Sales, Revenue, Price and Gross Margin (2021-2027)
3.4 North America Animal Health Market Size By Growth (2015-2027)
3.4.1 North America Animal Health Revenue By Growth (2015-2027)
3.4.2 North America Animal Health Sales By Growth (2015-2027)
3.5 Asia-Pacific Animal Health Market Size By Growth (2015-2027)
3.5.1 Asia-Pacific Animal Health Revenue By Growth (2015-2027)
3.5.2 Asia-Pacific Animal Health Sales By Growth (2015-2027)
Fortune Business Insights follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.
Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
Reasons to Purchase this Report:
- Estimates Animal Health Market trends with SWOT analysis.
- Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players.
- Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion.
- Market dynamics and opportunities for growth for players in the near future.
- Competitive landscape describing the market revenue shares of key players.
- Market segmentation analysis that deals with quantitative and qualitative research, discussing the influence of policy-based and economical aspects.
KEY QUESTIONS ANSWERED:
- What are the key technological and Animal Health Market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- Why Choose Fortune Business Insights?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Animal Health Market growth?
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