Animal Health Market Information by Animal Type (Farm Animal, Companion Animal), by Product (Pharmaceuticals, Vaccines, Feed Additives), Route of Administration (Oral, Parenteral, Topical), Distribution Channel (Veterinary Hospitals & Clinics, Retail, E-Commerce), and by Region (North America, Europe, Asia-Pacific, Middle East, and Africa)—Forecast till 2030
The Global Animal Health Market is estimated to be worth USD 75.2 Billion by 2030, registering a 7.6% CAGR during the forecast period (2022- 2030). Animal health includes taking care of animals with proper use of medicated animal feeds, drugs, vaccines, and diagnostic products to provide treatment for medical conditions related to them. Animals hold major importance in human beings’ life. Animals are also like humans and they also suffer from disease and though require full-proper care from veterinarians and pet owners. Enhancing the health and well-being of companion and farmer animals and treating them is the prime objective of the animal health industry. The animal health industry involves all products and services, besides livestock feed and pet food that promotes livestock productivity and animal health.
Growing incidences of Zoonotic (An illness that can be spread between animals and humans) disease and boosting the development of e-commerce platforms have promoted virtual shops and health care services for animals. Numerous non-profit organizations have come forward in recent times to make the public aware of the care to be given to animals. This factor has surged the overall growth of the animal health market in recent times. The growing popularity of online stores, easy availability, and discounted products are the crucial reasons for the boosting demand for pet-related stuff. The prominent market players and arising market players in recent times are willing to facilitate their investment for R&D development in the market. The increasing developments in organochlorines, organophosphates, carbamates, amidines, and synthetic pyrethroids are exhilarating the overall growth of the market.
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The Global Animal Health Market report provides an integrated evaluation of the market. The report tends to comprehensively analyze key segments, trends, drivers, restraints, competitive landscape, and factors that play a significant role in the market.
Animal Health Market Segmentation
The Global Animal Health Market is segmented into the following types;
By Vaccines
- Live Attenuated Vaccines
- Inactivated Vaccines
- Toxoid Vaccines
- Other Vaccines
By Feed Additives
- Amino Acids
- Binders
- Vitamins
- Minerals
- Feed Acidifiers
- Others
By Growth Promoter
- Acidifiers
- Hormonal Growth promoters
- Prebiotics & Probiotics
- Feed Enzymes
- Phytogenics
- Other Growth Promoters
- Other Pharmaceuticals
By Animal Type
- Food-Producing Animals
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-
- Cattle
- Pigs
- Poultry
- Sheep & Goats
- Other Food-Producing Animals
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- Companion Animals
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-
- Cats
- Dogs
- Horses
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- Other Companion Animals
By End-User
- Veterinary Hospitals & Clinics
- Animal Farms
- Homecare
Animal Health Market Regional Analysis
The Global Animal Health Market is divided into five regions, North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
North America is the biggest segment of the animal healthcare market in terms of region and gathered a 30% market share in 2021. Major corporations have collaborated to enhance their research and development skills and assure high-quality standards, which are awaited to drive demand even higher across the region.
Asia-Pacific region is the fastest culturing region in the animal healthcare market. The exponential upsurge can also be attributed to increasing pet nutrition and supply awareness, as well as surging disposable income levels in Asia-Pacific’s emerging economies.
Browse In-depth Market Research Report (178 Pages) on Animal Health: https://www.marketresearchfuture.com/reports/animal-health-market-7163
Key Players
The Global Animal Health Market’s prominent key players are Merck & Co. Inc. (US), Boehringer Ingelheim International GmbH (Germany), Chanelle Pharma (Ireland), Ceva (France), Nutreco N.V. (Netherlands), Vetoquinol SA (France), Virbac Group (France), Zoetis Inc. (US), Heska Corporation (US) and Elanco (US).
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Veterinary Medicine Market Information By Animal Type (Domesticated and Companion), Product (Drugs and Vaccines), Route of Administration (Oral, Parental), Distribution Channel (Veterinary Hospitals & Clinics, Retail Stores, Online Pharmacies) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) – Forecast till 2027
Live Attenuated Vaccines Market Information, By Type (Bacterial, Viral), By Vaccine Development (Tissue Culture, Embryonated Eggs, Live Animals) and End Users (Hospitals, Clinics, Diagnostic Centers, Research Institute, Others) – Forecast till 2030
Companion Animal Healthcare Market Information, By Product (Feed Additives, Pharmaceuticals and Vaccines), By Diagnostic Tests (Diagnostic Imaging, Immunodiagnostic Tests, Molecular Diagnostics, others), By End Users – Forecast till 2030
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