Press release
Wildlife Health Market Size, Share Analysis, Key Trends, Drivers And Forecast To 2033
Wildlife Health Market
The wildlife health market size is expected to see rapid growth in the next few years. It will grow to $3.7 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to surging demand for various animal health products, regional prospects, growing demand for companion animal health products, strategic moves by industry leaders, increasing demand for veterinary software. Major trends in the forecast period include global collaboration in disease surveillance, data analytics and artificial intelligence, growing number of wildlife conservation measures, programs and funding activities.
Market Overview -
Wildlife health refers to an animal's physical, behavioral, and social health at the level of its individual, population, and more extensive ecosystem, as well as its adaptability to change. Wildlife health is concerned with the various stressors that impact wildlife.
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Rising Incidence Of Zoonotic Diseases Propels Growth In The Wildlife Health Market
The increase in the incidence of zoonotic diseases is expected to propel the growth of the wildlife health market going forward. A zoonotic disease is any illness or infection that can spread spontaneously from animals to humans or from humans to animals. Increasing zoonotic diseases would help advance and develop various health-related products for wildlife health. For instance, in December 2022, according to the European Food Safety Authority, an Italy-based decentralized agency of the European Union, in Europe, there were 127,840 recorded cases of zoonotic diseases in 2021 compared to 120,946 in 2020. Further, in contrast to 52,702 in 2020, salmonellosis was the second-most commonly reported zoonotic disease, affecting 60,050 people in 2022. Therefore, the increase in the incidence of zoonotic diseases is driving the growth of the wildlife health market.
Competitive Landscape -
Major companies operating in the wildlife health market report are Bayer AG, Novartis AG, Merck & Co Inc., Boehringer Ingelheim International GmbH, CSL Limited, Zoetis Inc., Elanco Animal Health Incorporated, IDEXX Laboratories Inc., Génia USA Inc., Ceva Santé Animale, Orion Corporation, Virbac Group, Royal Canin, Emergent BioSolutions Inc., Ceva Santé Animale Group, Phibro Animal Health Corporation, Dechra Pharmaceuticals PLC, Dechra Pharmaceuticals, Huvepharma, Vétoquinol, Vetoquinol S.A., Indian Immunologicals Limited, Norbrook Laboratories Limited, Heska Corporation, Biogenesis Bago, Animalcare Group plc, Pneu-Dart Inc., PetAg Inc.
Companies Embracing Technological Innovations
Advancements in technology are a key trend gaining popularity in the wildlife health market. Major companies operating in the wildlife health market are adopting new technologies to sustain their position in the market. For instance, in August 2021, Merck Animal Health, a US-based manufacturer and developer of vaccines and pharmaceutical medicines for animal health, launched WHISPER ON ARRIVAL technology that transforms decision-making. It is uniquely designed technology with a specialized sound collection device and a predictive algorithm that predicts and analyzes the risk of animal sickness. It allows the farmers and veterinarians to determine the treatment of Bovine Respiratory Disease (BRD).
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Key Segments -
The wildlife health market covered in this report is segmented -
1) By Animal Type: Mammals, Birds, Fish, Reptiles, Amphibians
2) By Product: Medicine, Equipment And Consumables
3) By Route of Administration: Oral, Injectable, Other Routes Of Administration
4) By End-User: Zoos, Wildlife Sanctuaries, Wildlife Rescue And Rehab Centers, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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