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Animal Healthcare Market Key Players – Zoetis, Merck, Elanco, Bayer Animal Health, Boehringer Ingelheim Animal Health, IDEXX Laboratories, Ceva Sante Animale, Virbac, Phirbo Animal Health, Vetoquinol, Kyoritsu Seiyaku, Norbrook Laboratories, Huvepharma,

11-12-2018 06:52 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Animal Healthcare Market Overview - Industry Size, Share, Report, 2024

Animal Healthcare Market Overview - Industry Size, Share, Report, 2024

Animal Healthcare Market size is poised to cross USD 36 billion by 2024, as per a new research report by Global Market Insights, Inc.

Veterinary pharmaceuticals market is estimated to expand at 3.9% CAGR over the forecast period. Animal Anitiparacitisides and anti-infective drugs are major contributors to the animal pharmaceuticals market size, owing to increasing need to keep food animals’ disease-free. In past, as the veterinary diseases outbreaks had disrupted the industry at large, focus on use of pharmaceuticals has increased significantly and will continue in coming 5-7 years. Moreover, pet medicines have been in great demand lately. Pet owners around the world are willing to subject their pets to drugs more than ever; as a result, number of pet drugs have been developed in recent past and many are in pipeline.

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Burgeoning adoption of pet animals across the world, especially in developing countries is one of the major factors driving the global animal healthcare market growth. With increasing disposable incomes, pet owners afford to spend more on pet healthcare, resulting in expanding animal healthcare industry size.

Ectoparasiticides and endoparasiticides market experienced high growth in past decade, owing to escalated awareness about parasites and their ill-effects on animal and human health. Intensifying use of various parasiticides, especially in rapidly growing number of farm animals should drive animal parasiticides’ demand. Also, rapidly popularizing trend of humanizing animals as companion will augment ectoparasiticides market growth during the projection period.

Veterinary vaccines market is poised to expand with a commanding CAGR of 3.9% in coming 5-7 years. Increasing vaccination of consuming animals as a result of various government and non-government vaccination programs should augment demand. Pet animal vaccines market is estimated to cross USD 2.4 billion by the end of 2024, owing to escalating pet population and availability of new products.

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Medicated feed additives market is poised to grow with a high CAGR of over 4% during the forecast timeline. Use of amino acids in feed happens to be most popular practice around the world; with objective to increase meat production, the demand for amino acids aided feeds should rise in years to come.

North America animal healthcare market is estimated to grow with low but steady 2.2% CAGR over the forecast period, owing to sky-high number of pet animals, high disposable incomes of pet owners, escalated awareness about health of food animals, availability advanced animal medicines and presence of established companies.

The United States animal healthcare market is at verge of reaching maturation; however, advancements in animal pharmaceuticals, biologicals and personalized pet medicines should continue to fuel the market growth during the forecast timeframe.

Europe animal healthcare market held more than 25% of market share in 2017 and dominated by France animal healthcare market. Animal source protein in daily diet is a major factor for high use of pharmaceuticals in animal health industry across Europe. With intentions to curb spreading of zoonotic diseases, the demand for endoparacitisides and anti-infectives is mostly like to increase in coming years.

Zoetis, Merck, Elanco, Bayer, Boehringer Ingelheim, Virbac, Ceva Sante Animale, Phirbo Animal Health, Vetoquinol are some of the major companies in the market. Merger and acquisition, new product development and geographical expansion are some of the strategies adopted to gain market share.

Report Content
Chapter 1. Methodology and Scope
1.1. Research methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary

Chapter 2. Executive Summary
2.1. Animal healthcare market 3600 synopsis, 2013 –2024
2.1.1. Business trends
2.1.2. Pharmaceutical type trends
2.1.3. Vaccine trends
2.1.4. Medicinal feed additives trends
2.1.5. Animal type trends
2.1.6. Regional trends

Chapter 3. Animal Healthcare Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Growing trend of adopting pet animals
3.3.1.2. Rising prevalence of food borne and zoonotic diseases
3.3.1.3. Favorable government initiatives
3.3.1.4. Rapidly increasing demand for animal protein in human food
3.3.1.5. Technological advancement in development of animal health drugs
3.3.2. Industry pitfalls & challenges
3.3.2.1. Regulations of antibiotics
3.3.2.2. Prohibitive cost associated with animal tests
3.3.2.3. Low out of pocket expenditure on pet healthcare in developing countries
3.4. Regulatory landscape
3.4.1. U.S.
3.4.2. Europe
3.4.3. Asia Pacific
3.5. Technology landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.6. Pipeline analysis
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Competitive landscape, 2017
3.9.1. Company market share analysis
3.9.2. New product development
3.9.3. Strategy dashboard
3.10. PESTEL analysis
3.11. Investment opportunity

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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