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Animal Healthcare Market Opportunities, Top Players(Merck, Bayer, Virbac & Vetoquinol USA), Survey, Capital Investment Status and Trend Report By 2023
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Based on product, the market is classified into feed additives, vaccines, anti-infectives, anti-inflammatories, parasiticides, and others, wherein “others” include oncological and antiemetic products, drugs for reproductive problems, and sedatives for pain relief.
Based on animal type, the animal healthcare market is categorized into farm animals and companion animals. Of these, farm animals held a larger revenue share, of over 55%, in the market in 2017. This can be majorly attributed to the increasing adoption of farm animals to fulfil the demand for animal-based food products across the globe.
Geographically, the animal healthcare market is projected to witness the fastest growth in APAC during the forecast period. China is anticipated to be the fastest-growing market globally during 2018–2023, followed by India and Brazil.
The intensity of rivalry among players in the animal healthcare market is moderate. Most of the major players are actively focusing on partnerships, and mergers and acquisitions to meet the growing demand in the emerging market.
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Some of the other key players operating in the animal healthcare market are Merck & Co. Inc., C.H. Boehringer Sohn AG & Co. KG, Bayer AG, Virbac Group, Ceva Santé Animale, Elanco Animal Health, and Vetoquinol S.A.
Global Animal Healthcare Market Segmentation
Market Segmentation by Product
• Feed Additives
• Vaccines
• Parasiticides
o Ectoparasiticides
o Endoparasiticides
o Endectocides
• Anti-Infectives
• Anti-Inflammatories
• Others (Oncological and Antiemetic Products; Drugs for Reproductive Problems; and Medicines for Pain Sedation)
Market Segmentation by Animal Type
• Farm Animals
o Ruminants
o Swine
o Fish
o Poultry
• Companion Animals
o Canine
o Feline
o Equine
Market Segmentation by Distribution Channel
• Veterinary Hospitals
• Veterinary Clinics
• Pharmacies and Drug Stores
• Others (Online and Retail Stores)
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