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U.S. Animal Healthcare Market by Product (Pharmaceuticals, Feed Additives, Vaccines), by Animal Type (Production Animals, Companion Animals) – Market Size, Share, Development, Growth and Demand Forecast, 2013-2023

U.S. Animal Healthcare Market

U.S. Animal Healthcare Market

The U.S. animal healthcare market will be observing a consistent growth in the coming years due to increasing pet adoption, consumption of meat and milk, and zoonotic and food borne diseases. Out of the three product types in the U.S animal healthcare market, pharmaceuticals held the largest share in 2016. The high consumption of animal products in the U.S. has led to increased investment in animals’ feed and health.

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According to the American Pet Products Association (APPA), during 2017-2018, 139.3 million freshwater fishes and 94.2 million cats will be owned by the U.S. nationals.

The U.S. animal healthcare market is expected to grow in coming years due to growth in research activities for certain new diseases. The growth of the U.S. animal healthcare market is also attributed to the growth in domestic consumption and export of milk and meat. Veterinary service is becoming one of the recognized professions in the U.S. and the number of veterinarians has been increasing in the country.

Low return on investments in veterinary education is a challenge for the growth of U.S. animal healthcare market. As compared to regular doctors in the country, the return on investments in veterinary education is low.

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Use of antibiotics for speeding up the growth of animals is another challenge in the U.S. animal healthcare market.

Some of the key players of the U.S. animal healthcare market include Zoetis, Elanco, Merial, Dechra Pharmaceuticals, Bayer Animal Heath, Virbac, Merck, Ceva Animal Health, Phirbo Animal Health, Boehringer Ingelheim GmbH and Vetoquinol.

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P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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