Global Farm Animal Healthcare Market Growth, Share, Demand and Analysis Of Key Players- Research Forecast by 2032| Bayer Healthcare, Boehringer Ingelheim, Ceva Animal Health, Elanco, Merck
As per the Farm Animal Healthcare market report by The Business Research Company, The increase in livestock is expected to drive the growth of the farm animal healthcare market going forward. Livestock refers to agricultural animals that are housed, reared, and used by people, such as cows, horses, and pigs. The need for farm animal healthcare services grows along with the increase of livestock since these services help protect animals from illnesses including swine flu and avian flu, which can also infect humans, workers, and veterinarians.
The global farm animal healthcare market size grew from $18.7 billion in 2022 to $20.31 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The farm animal healthcare market size is expected to grow to $26.92 billion in 2027 at a CAGR of 7.3%.
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Major competitors in the Farm Animal Healthcare market include Bayer Healthcare, Boehringer Ingelheim, Ceva Animal Health, Elanco, Merck, Merial (Sanofi), Virbac, Zoetis Animal Healthcare, Vetoquinol, Norbrook, Alivira Animal Health Limited, Phibro Animal Health, Intas Pharmaceuticals Ltd., Hester Bioscience, and Eli Lilly and Company.
The Farm Animal Healthcare Market is segmented -
• By Product: Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, Other Products
• By Application: Cattle, Swine, Poultry, Fish, Sheep
• By End User: Reference Laboratories, Point-of-care Testing or In-House Testing, Veterinary Hospitals and Clinics, Other End Users. North America was the largest region in the farm animal healthcare market in 2022.
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The farm animal healthcare refers to a proactive service that outlines steps for disease prevention, identification, and management in order to promote the health and wellbeing of farm animals. It ensures that disease, injury, and mortality among farmed animals are kept to a minimum.
The main products of farm animal healthcare are vaccines, parasiticides, anti-infectives, medical feed additives, and other products.
The Table Of Content For The Farm Animal Healthcare Market Include:
1. Executive Summary
2. Farm Animal Healthcare Market Characteristics
3. Farm Animal Healthcare Market Trends And Strategies
4. Farm Animal Healthcare Market - Macro Economic Scenario
5. Farm Animal Healthcare Market Size And Growth
26. Africa Farm Animal Healthcare Market
27. Farm Animal Healthcare Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Farm Animal Healthcare Market
29. Farm Animal Healthcare Market Future Outlook and Potential Analysis
The "Global Farm Animal Healthcare Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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