Reports

Sale

Companion Animal Healthcare Market

Global Companion Animal Healthcare Market Size, Forecast: By Product Type: Therapeutics, Diagnostics; By Animal Type: Cats, Dogs, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Global Companion Animal Healthcare Market Outlook

The global market for companion animal healthcare reached a value of about USD 24.21 billion in 2023. The market is further expected to grow at a CAGR of about 9.2% in the forecast period of 2024-2032 to reach a value of around USD 53.45 billion by 2032, owing to the increase in the number of people having pets.

 

companion-animal-healthcare-market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

North America and Asia Pacific to be Among the Significant Regional Markets for Companion Animal Healthcare

The demand for companion animals has been on the rise to deal with anxiety and other issues, especially since the lockdowns were imposed and people were compelled to stay at home to avoid the virus's transmission. North America has been one of the leading regions in the global companion animal healthcare market. It is expected to be a significant regional market throughout the forecast period owing to the increasing investment in the healthcare industry, increasing acceptance of drug items, and rising expenditure on diagnostic testing, vaccines, and animal feeds for companion animal health. The growth can be attributed to the increased pet population and expenditure, along with the increase in the humanisation of pets. For instance, from 2018 to 2020, the dog population in Canada grew significantly, increasing from 7.6 million to 7.7 million. The region's large share can be attributed to the well-established base of animal health industries, high adoption of companion animals, rising incidence of parasitic infections, growing pool of veterinarians, and growing expenditure on animal health. The increasing number of research activities, funding, public awareness efforts in the field of veterinary health management and improving animal health reforms are also predicted to propel the market expansion.

Asia Pacific is expected to be the fastest-growing companion animal healthcare market due to the region's changing perception of pet treatment and the growing nuclear family system. The growth of the regional market can be attributed to the increasing trend of pet adoption in countries such as India, Bangladesh, China, and Singapore, among others. India is one of the most lucrative markets for developing the market. The government is also putting a lot of effort into creating the veterinary healthcare infrastructure, thus presenting several lucrative business opportunities for developing the local market. The Australian and Japanese markets are more aware of pet products and have quality-conscious pet owners, propelling the regional market growth.

 

Market Segmentations

A companion animal can be a cat, dog, or other animal. It gives a person emotional or mental support. These are not just pets and should not be treated as such. While pets provide emotional support, the owner does not require them for medical or emotional reasons.

 

companion-animal-healthcare-market-by-segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Based on product type, the market is divided into:

  • Therapeutics
    • Vaccines
    • Parasiticides
    • Anti-Infectives
    • Medical Feed Additives
    • Others
  • Diagnostics
    • Immunodiagnostic Tests
    • Molecular Diagnostics
    • Diagnostic Imaging
    • Others

The different types of animals in the market are:

  • Cats
  • Dogs
  • Others

The regional markets for companion animal healthcare can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

companion-animal-healthcare-market-by-region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Rising Demand for Vaccination in Companion Animals Propelling the Market Growth

The rising prevalence of having a companion animal has also augmented the demand for their healthcare. These animals, like others, might also carry diseases that are likely to be transmitted to humans. Dog and cat bites can result in various infections in humans; thus, they need proper healthcare, including vaccination. Pet diseases include neoplasia, distemper, parvovirus, leukaemia, panleukopenia, and viral rhinotracheitis. Many diseases are fatal even with effective medication, so most pet owners have their animals vaccinated regularly. Vaccination becomes necessary for both pets and humans to safeguard against such diseases. As a result, key market participants are developing vaccinations to protect animals against specific viruses and conditions and keep humans safe. Also, increasing government and private sector initiatives to promote animal health is estimated to bolster the market expansion over the forecast period. The One Health Initiative is one such example of a multi-organisational collaborative initiative. These include the World Organisation for Animal Health (OIE), Food and Agriculture Organisation (FAO), and the American Veterinary Medical Association.

Further, increasing availability and adoption of pet health insurance is another factor expected to propel market growth. For instance, in April 2020, the OneDegree insurance start-up in Hong Kong launched the Pawfect Care portfolio of pet insurance plans. The company opted to begin with pet insurance because, even though there are over 500,000 pet dogs and cats in Hong Kong, only about 3% of them have medical insurance, despite the high expense of veterinary treatment. Other factors propelling the growth of the companion animal healthcare market include the increasing pet adoption worldwide, growing penetration of e-commerce platforms promoting online pharmacies, and growing technological advancements in animal healthcare.

 

Key Players in the Global Market for Companion Animal Healthcare

The report gives a detailed analysis of the following key players in the global companion animal healthcare market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Merck & Co., Inc.
  • Zoetis Inc.
  • BASF SE
  • Virbac Group
  • Boehringer Ingelheim International GmbH
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Animal Type
  • Region
Breakup by Product Type
  • Therapeutics
    • Vaccines
    • Parasiticides
    • Anti-Infectives
    • Medical Feed Additives
    • Others
  • Diagnostics
    • Immunodiagnostic Tests
    • Molecular Diagnostics
    • Diagnostic Imaging
    • Others
Breakup by Animal Type
  • Cats
  • Dogs
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Merck & Co., Inc.
  • Zoetis Inc.
  • BASF SE
  • Virbac Group
  • Boehringer Ingelheim International GmbH
  • 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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Companion Animal Healthcare Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Companion Animal Healthcare Historical Market (2018-2023) 
    8.3    Global Companion Animal Healthcare Market Forecast (2024-2032)
    8.4    Global Companion Animal Healthcare Market by Product Type
        8.4.1    Therapeutics
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
            8.4.1.3    Breakup by Type
                8.4.1.3.1    Vaccines
                8.4.1.3.2    Parasiticides
                8.4.1.3.3    Anti-Infectives
                8.4.1.3.4    Medical Feed Additives
                8.4.1.3.5    Others
        8.4.2    Diagnostics
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
            8.4.2.3    Breakup by Type
                8.4.2.3.1    Immunodiagnostic Tests
                8.4.2.3.2    Molecular Diagnostics
                8.4.2.3.3    Diagnostic Imaging
                8.4.2.3.4    Others
    8.5    Global Companion Animal Healthcare Market by Animal Type
        8.5.1    Cats
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Dogs
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Others    
    8.6    Global Companion Animal Healthcare Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Companion Animal Healthcare Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Companion Animal Healthcare Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Companion Animal Healthcare Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Companion Animal Healthcare Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Companion Animal Healthcare Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Merck & Co., Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Zoetis Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    AbbVie Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Virbac Group
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Boehringer Ingelheim International GmbH
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1.    Overview
    1.2.    Detailed Process Flow
    1.3.    Operation Involved
2    Project Requirement and Cost Analysis
    2.1.    Land, Location and Site Development
    2.2.    Construction
    2.3.    Plant Machinery
    2.4.    Cost of Raw Material
    2.5.    Packaging
    2.6.    Transportation
    2.7.    Utilities
    2.8.    Manpower
    2.9.    Other Capital Investment
    
List of Key Figures and Tables

1.    Global Companion Animal Healthcare Market: Key Industry Highlights, 2018 and 2032
2.    Global Companion Animal Healthcare Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.    Global Companion Animal Healthcare Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.    Global Companion Animal Healthcare Historical Market: Breakup by Animal Type (USD Billion), 2018-2023
5.    Global Companion Animal Healthcare Market Forecast: Breakup by Animal Type (USD Billion), 2024-2032
6.    Global Companion Animal Healthcare Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Companion Animal Healthcare Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Companion Animal Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Companion Animal Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Companion Animal Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Companion Animal Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Companion Animal Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Companion Animal Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Companion Animal Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Companion Animal Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Companion Animal Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Companion Animal Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    North America Historical Price Trends and Forecast 2018-2028
19.    Europe Historical Price Trends and Forecast 2018-2028
20.    Asia Pacific Historical Price Trends and Forecast 2018-2028
21.    Latin America Historical Price Trends and Forecast 2018-2028
22.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
23.    Global Companion Animal Healthcare Market Structure

Key Questions Answered in the Report

In 2023, the global market for companion animal healthcare attained a value of nearly USD 24.21 billion.

The market is projected to grow at a CAGR of 9.2% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 53.45  billion by 2032.

The major drivers of the market include the increasing pet adoption worldwide, growing penetration of e-commerce platforms promoting online pharmacies, growing technological advancements in animal healthcare, and increasing availability and adoption of pet health insurance.

The increasing frequency of diseases among animals and increasing government and private sector initiatives to promote animal health are the key industry trends propelling the market growth.

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

Based on product type, the market is divided into therapeutics and diagnostics. Therapeutics are further divided into vaccines, parasiticides, anti-infectives, and medical feed additives, while diagnostics are divided into immunodiagnostic tests, molecular diagnostics, and diagnostic imaging, among others.

The different types of animals in the market are cats and dogs, among others.

The major players in the industry are Merck & Co., Inc., Zoetis Inc., BASF SE, Virbac Group, and Boehringer Ingelheim International GmbH, among others.

Analyst Review

The global companion animal healthcare market attained a value of nearly USD 24.21 billion, driven by the increasing frequency of animal diseases. Aided by the growing pet adoption worldwide and increasing government and private sector initiatives to promote animal health, the market is expected to grow at a CAGR of 9.2% in the forecast period of 2024-2032. The market is estimated to reach USD 53.45 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the market is divided into therapeutics and diagnostics. Therapeutics is further divided into vaccines, parasiticides, anti-infectives, and medical feed additives, while diagnostics is divided into immunodiagnostic tests, molecular diagnostics, and diagnostic imaging, among others. The different types of animals in the market include cats and dogs, among others. The major regional markets for companion animal healthcare are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are Merck & Co., Inc., Zoetis Inc., BASF SE, Virbac Group, and Boehringer Ingelheim International GmbH, 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.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER