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Global Animal Health Market Analysis & Trends - Industry Forecast to 2025

Author: Vrushali Girme
by Vrushali Girme
Posted: Dec 08, 2018
animal health

The report provides forecast and analysis of the Animal Health Market. It provides market overview of animal health market in terms of revenue (in US$ Mn). Furthermore, the report includes drivers, restraints, trends and opportunity of the animal health market and their impact on each country during the forecast period.

Animal healthcare has become a vital area for numerous pharmaceutical companies over the past decade. Efficient prevention and control of animal diseases relies on appropriate legislation and animal disease early detection and rapid response mechanisms. Across the globe, animal health system comprises the organisations, government agencies, commercial companies, universities and individuals that are involved in animal health and the livestock production chain.

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Firstly, favourable government initiatives and rising disposable incomes in the emerging regions enabled people to adopt pet animals and spend on their healthcare. Therefore, the trend of pet caring is likely to continue over coming years resulting in rising demand for various pet animal healthcare products. Rapidly growing pet adoption, rising need to control zoonotic diseases spread and advances in drug development for effective animal health will surely enhance the animal healthcare industry. Extensive implementation of animal vaccination programs and mandatory animal vaccination in certain countries will propel business growth. Furthermore, development of new biologics and drugs will witness significant industry growth. Increasing R&D focus for development of drugs for pet cancer will fuel forecast industry growth. However, increasing incidences of zoonotic diseases in human due to consumption of food animals will hinder market growth rate during the forecast period.

Segmentation:

The Animal Health Market Analysis and Forecasts to 2025 can be segmented into animal type, product, distribution channel, and end-user. On basis of the animal type, the market is segmented into production animal, and companion animal. Production animal is segmented into poultry, swine, cattle, sheep & goats, fish, and others, while companion animals is classified into dogs, cats, horses, and others. In 2017, production animals dominated the animal health market owing to the rising concerns regarding food safety and growing emphasis on sustainability by government healthcare organizations across the globe. The above factors cumulatively, are responsible for the dominance of the segment during the forecast period.

Based on the product, the market is categorized into vaccines, pharmaceuticals, feed additives, diagnostics, and others. Vaccines are further classified into live attenuated vaccines, DNA vaccines, recombinant vaccines, inactivated vaccines, and others. Pharmaceuticals are divided as parasiticides, anti-invectives, anti-inflammatory, analgesics, and others. The feed additives segment was at the forefront in 2017, owing to the consistent advancements that include use of metabolic modifiers, enzymes, minerals, and probiotics. In addition, high inclination of government healthcare organizations towards enhancement of agricultural practices and veterinary health is estimated to strengthen the growth of the segment.

On the basis end user, the market is divided into reference laboratories, point-of-care testing/in-house testing, veterinary hospitals & clinics, and others. In 2017, veterinary hospitals & clinics accounted for the largest share in the market. Availability of a wide range of treatment and diagnostic options in veterinary hospitals and clinics is benefiting the growth of the segment. The growth of the segment can be attributed to various applications such as clinical pathology, toxicology tests, and therapy.

World Animal Health Market Players List:

  • Merck Animal Health
  • Ceva Sante Animale
  • Vetiquinol SA
  • Zoetis
  • Boehringer Ingelheim GmbH
  • Bayer AG
  • Elanco
  • Nutreco N.V.
  • Virbac
  • Norbrook Laboratories

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Regional Overview:

The animal health market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The animal health market report includes market size and analysis for all the above-mentioned regions and countries for animal type, product, distribution channel, and end-user.

Major TOC Contents

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Animal Health Market – Market Dynamics

Drivers

Restraints

Opportunities

Chapter 4: Animal Health Market – By Animal Type

Production Animal

  • Poultry
  • Swine
  • Cattle
  • Sheep & Goats
  • Fish
  • Others

Companion Animal

  • Dogs
  • Cats
  • Horses
  • Others

TOC to be Continued.!

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Author: Vrushali Girme

Vrushali Girme

Member since: Oct 26, 2018
Published articles: 52

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