Animal Health Market Trends & Growth Drivers 2024: Size, Share By Companies, & Future Forecast Report by 2032

According to the latest report by IMARC Group, titled "𝐀𝐧𝐢𝐦𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐀𝐧𝐢𝐦𝐚𝐥 𝐓𝐲𝐩𝐞 (𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥, 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐨𝐧), 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞 (𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥𝐬, 𝐁𝐢𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥𝐬, 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐚𝐥 𝐅𝐞𝐞𝐝 𝐀𝐝𝐝𝐢𝐭𝐢𝐯𝐞𝐬, 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐", offers a comprehensive analysis of the industry, which comprises insights on the global animal health market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

𝐇𝐨𝐰 𝐁𝐢𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐧𝐢𝐦𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭?

The global animal health market size was estimated to be 𝐔𝐒𝐃 𝟑𝟕.𝟖 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 in 2023. Looking forward, the market is expected to expand from 𝐔𝐒𝐃 𝟑𝟗.𝟑 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 in 2024 to 𝐔𝐒𝐃 𝟒𝟗.𝟓 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 by 2032, with a 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟐.𝟗% over the forecast period.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐧𝐢𝐦𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The global market is primarily driven by the increasing global population and rising demand for animal-based food products. In accordance with this, the growing awareness of zoonotic diseases, which can transfer from animals to humans, is driving the adoption of preventive healthcare measures for animals and influencing the market. Additionally, the expanding pet ownership and the humanization of pets are leading to increased spending on veterinary care and wellness products, thereby driving market growth.

Furthermore, the continual advancement in veterinary diagnostics and treatment options, including vaccines and pharmaceuticals, is further propelling market expansion. Moreover, the rising incidence of chronic diseases in animals, such as arthritis and diabetes, is also stimulating the market demand. Apart from this, the rapid development of new and innovative products, such as nutraceuticals and biologics, is attracting attention from both veterinary professionals and pet owners, further fueling the market reach.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/animal-health-market/requestsample

𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐧𝐢𝐦𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞 & 𝐆𝐫𝐨𝐰𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The scope of the market is broadening and expanding significantly, driven by the increasing demand for high-quality animal health products in both the livestock and companion animal segments. As global meat consumption continues to rise, the need for effective disease prevention and treatment in livestock is becoming more critical, supporting growth in the market. The companion animal segment is witnessing robust expansion, fueled by the growing trend of pet ownership and the increasing willingness of pet owners to invest in advanced veterinary care.

The market scope is also benefiting from technological advancements in veterinary medicine, including the development of novel therapeutics and diagnostic tools. Moreover, favorable government initiatives and regulations aimed at improving animal health and welfare are augmenting the market. According to the market analysis, the increasing focus on sustainability and ethical farming practices is driving the adoption of products that promote animal welfare and reduce the use of antibiotics.

𝐁𝐲 𝐭𝐡𝐞 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩, 𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐆𝐢𝐯𝐞𝐧 𝐁𝐞𝐥𝐨𝐰:

• Bayer
• Elanco
• Merck
• Merial
• Zoetis Inc.
• Biogenesis Bago
• Boehringer Ingelheim
• Ceva Sante Animale
• Heska
• Neogen
• Novartis
• Thermo Fisher Scientific
• Vetoquinol
• Virbac

𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐚𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐨𝐫 𝐀𝐧𝐲 𝐈𝐧𝐪𝐮𝐢𝐫𝐲, 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=1156&flag=C

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐀𝐧𝐢𝐦𝐚𝐥 𝐓𝐲𝐩𝐞:

• Commercial Animals
• Companion Animals

𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐡𝐨𝐥𝐝𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐚𝐧𝐢𝐦𝐚𝐥 𝐡𝐞𝐚𝐥𝐭𝐡 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐡𝐚𝐫𝐞.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞:

• Pharmaceuticals
• Biologicals
• Medicinal Feed Additives
• Diagnostics

𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐩𝐨𝐩𝐮𝐥𝐚𝐫 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐭𝐲𝐩𝐞.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐬 𝐚 𝐜𝐥𝐞𝐚𝐫 𝐝𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭.

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

• 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 (𝟐𝟎𝟏𝟖-𝟐𝟎𝟐𝟑)
• 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬 (𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐)
• Market Disruption Due to COVID-19
• Industry Competitive Analysis (Porter's Five Forces)
• Market Dynamics and Growth Factors
• Strengths, Weaknesses, Opportunities, and Threats (SWOT)
• Market Ecosystem and Value Creation
• Competitive Positioning and Benchmarking

𝐖𝐡𝐲 𝐂𝐡𝐨𝐨𝐬𝐞 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

• Deep Industry Expertise
• Comprehensive Research Methodology
• Data-Driven Insights
• Accurate Forecasting
• Proven Track Record
• Global Presence and Extensive Network
• Customized Solutions
• Strong Client Relationships & Client Focus
• Timely Delivery
• Cost-Effective Solutions

𝐍𝐨𝐭𝐞: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐅𝐫𝐨𝐦 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

• 𝐑𝐞𝐟𝐫𝐢𝐠𝐞𝐫𝐚𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/refrigerant-market/requestsample

• 𝐎𝐟𝐟𝐢𝐜𝐞 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/office-furniture-market/requestsample

• 𝐂𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/cement-manufacturing-plant/requestsample

• 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐅𝐨𝐮𝐧𝐝𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/semiconductor-foundry-market/requestsample

• 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐄𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/rare-earth-industry/requestsample

• 𝐅𝐢𝐛𝐞𝐫 𝐎𝐩𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/fiber-optics-market/requestsample

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐒

𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩
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Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: +1 631 791 1145 | Africa and Europe: +44-702-409-7331 | Asia: +91-120-433-0800

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.