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Global Animal Health Market: By Animal Type: Commercial Animals, Companion Animals; By Product Type: Vaccines, Pharmaceuticals, Feed Additives, Diagnostics, Others; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Animal Health Market Outlook

The global animal health market stood at USD 34.2 billion in 2021 and is expected to grow at a CAGR of 3.8% during the period 2022-2027.

 

Rising Pet Ownership, Greater Demand for Nutrition and Vaccines Expected to Drive the Market

The global animal health market is expected to be driven by increasing pet ownership and demand for animal healthcare commodities, especially nutrition (food), and vaccines and medicines. The global companion animal health product market is projected to grow and get further specialized owing to the increasingly strengthening owner-animal companion bond which escalates demand for companion animal care products. Companion animals, such as horses, cats and dogs form an important part of life for several people, offering company, feeling of responsibility, and affection. Animal-assisted therapy has been recognized and widely accepted due to its benefits. The human-companion animal bond is thus increasing, strengthening the market for related products such as animal food and medicine.

 

Global Animal Health Market

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The companion animal product market is likely to be driven by increasing pet ownership in developing nations, increased pet spending, increased demand for novel premium treatments and medicines, improved diets and longer pet life, and the fact that generic products do not devalue markets as much as those do for human products. Drivers of the food producing animal product market include rise in demand for high quality animal protein and dairy products, increased demand for more healthful and productive animals, greater vaccine use, and more focus on animal welfare.

Key therapeutic sectors for companion animals such as dogs and cats include endocrinology, dermatology, analgesia and anaesthesia, antibiotics, cardiovascular and critical care. Key therapeutic sectors for food producing animals such as pigs, poultry and cattle include water soluble antibiotics, poultry vaccines, locomotion (lameness) and pain management. For equine species (horses and ponies), chief therapeutic sectors include lameness and pain management.

In terms of nutrition (diet), key sectors for dogs and cats include allergies, obesity, heart and kidney disease.

 

Markets With Considerable Scope of Growth Include Vaccines, Alternatives to Antibiotics, Development of Sustainable Technologies for Better Diagnostics

Markets with significant scope to grow in the animal health sector include development of more effectual and efficient vaccines to protect a greater number of animals against illnesses and decrease the risk of spread of zoonotic diseases passing from animals to humans, seeking alternatives to antibiotics to minimize antimicrobial resistance and damage to the environment, development of digital technologies for early recognition of diseases, and discovering efficient methods of parasite control to improve animal health and reduce damage of parasiticide usage on the environment.

 

Global Animal Health Market Segmentation

By type, the market is segmented into:

  • Commercial Animals (further divided by type)
    • Poultry
    • Swine
    • Cattle
    • Sheep and Goat
    • Others
  • Companion Animals (further divided by type)
    • Dogs 
    • Cats
    • Others

By product type, the market is segmented into:

  • Vaccines
  • Pharmaceuticals
  • Feed Additives
  • Diagnostics
  • Others

By end-use, the market is classified as follows:

  • Veterinary Hospitals and Clinics
  • Animal Care and Rehabilitation Centres
  • Diagnostics Centres
  • Others

By region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Key Industry Players in the Global Animal Health Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Elanco Animal Health Incorporated
  • Merck Animal Health
  • Zoetis Inc.
  • Biogenesis Bago
  • Boehringer Ingelheim International GmbH
  • Ceva Sante Animale
  • Heska Corporation
  • Others

In November 2021, Elanco Animal Health Incorporated declared financial results for the third quarter of 2021 which reflected the inclusion of Bayer Animal Health (secured in August 2020). According to the company, the business showed good momentum and robust fundamentals post the acquisition of Bayer Animal Health, with the fourth successive quarter surpassing top-line growth expectancies.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Animal Type, Product Type, End Use, Region
Breakup by Animal Type Commercial Animals, Companion Animals
Breakup by Product Type Vaccines, Pharmaceuticals, Feed Additives, Diagnostics, Others
Breakup by End Use Veterinary Hospitals and Clinics, Animal Care and Rehabilitation Centres, Diagnostics Centres, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Elanco Animal Health Incorporated, Merck Animal Health, Zoetis Inc.,
Biogenesis Bago, Boehringer Ingelheim International GmbH, Ceva Sante Animale, Heska Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Region
7    Industry Opportunities and Challenges  
8    Global Animal Health Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Animal Health Historical Market (2017-2021) 
    8.3    Global Animal Health Market Forecast (2022-2027)
    8.4    Global Animal Health Market by Animal Type
        8.4.1    Commercial Animals
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Poultry
                8.4.1.4.2    Swine
                8.4.1.4.3    Cattle
                8.4.1.4.4    Sheep and Goat
                8.4.1.4.5    Others
        8.4.2    Companion Animals
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Dogs
                8.4.2.4.2    Cats
                8.4.2.4.3    Others
    8.5    Global Animal Health Market by Product Type
        8.5.1    Vaccines
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Pharmaceuticals
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Feed Additives
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Diagnostics
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Others
    8.6    Global Animal Health Market by End Use
        8.6.1    Veterinary Hospitals and Clinics
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Animal Care and Rehabilitation Centres
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Diagnostics Centres
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Others
    8.7    Global Animal Health Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Elanco Animal Health Incorporated
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Merck Animal Health
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Zoetis Inc.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Biogenesis Bago
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Boehringer Ingelheim International GmbH
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Ceva Sante Animale
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Heska Corporation
            11.2.7.1    Company Overview
            11.2.7.2    Product Portfolio
            11.2.7.3    Demographic Reach and Achievements
            11.2.7.4    Certifications
        11.2.8    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Animal Health Market: Key Industry Highlights, 2017 and 2027
2.    Global Animal Health Historical Market: Breakup by Animal Type (USD Million), 2017-2021
3.    Global Animal Health Market Forecast: Breakup by Animal Type (USD Million), 2022-2027
4.    Global Animal Health Historical Market: Breakup by Product Type (USD Million), 2017-2021
5.    Global Animal Health Market Forecast: Breakup by Product Type (USD Million), 2022-2027
6.    Global Animal Health Historical Market: Breakup by End Use (USD Million), 2017-2021
7.    Global Animal Health Market Forecast: Breakup by End Use (USD Million), 2022-2027
8.    Global Animal Health Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Animal Health Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Animal Health Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Animal Health Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Animal Health Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Animal Health Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Animal Health Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Animal Health Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Animal Health Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Animal Health Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Animal Health Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Animal Health Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Animal Health Market Structure

Key Questions Answered in the Report

In 2021, the global animal health market attained a value of nearly USD 34.2 billion.

The market is estimated to grow at a CAGR of 3.8% between 2022 and 2027.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the market include the increasing pet ownership, rising animal healthcare expenditure, and increasing disposable incomes of the owners.

The technological advancements and rising investments in the R&D activities to augment the animal healthcare sector are expected to be a key trend guiding the growth of the industry.

Commercial animals and companion animals are the major types included in the market report. Among these, the commercial animals can further be divided based on type into poultry, swine, cattle, and sheep and goat, among others. Meanwhile, companion animals are further be divided based on type into dogs, and cats, among others.

Vaccines, pharmaceuticals, feed additives, and diagnostics, among others are the different product types based on which the market has been segmented.

Veterinary hospitals and clinics, animal care and rehabilitation centres, and diagnostics centres, among others are the significant end-uses included in the market report.

The major players in the industry are Elanco Animal Health Incorporated, Merck Animal Health, Zoetis Inc., Biogenesis Bago, Boehringer Ingelheim International GmbH, Ceva Sante Animale, and Heska Corporation, among others.

Analyst Review

The global animal health market attained a value of USD 34.2 billion in 2021, driven by the growing adoption of pets, rising disposable incomes, increasing spending on animal health, and rising animal welfare awareness. Aided by the technological advancements and growing R&D activities in the animal healthcare industry, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3.8%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into commercial animals and companion animals are the major types included in the market report. Among these, the commercial animals can further be divided based on type into poultry, swine, cattle, and sheep and goat, among others. Meanwhile, companion animals are further be divided based on type into dogs, and cats, among others. On the basis of product type, the market is divided into vaccines, pharmaceuticals, feed additives, and diagnostics, among others. The significant end-uses included in the market are as follows, veterinary hospitals and clinics, animal care and rehabilitation centres, and diagnostics centres, among others. The major regional markets for animal health are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Elanco Animal Health Incorporated, Merck Animal Health, Zoetis Inc., Biogenesis Bago, Boehringer Ingelheim International GmbH, Ceva Sante Animale, and Heska Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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