Press release
Farm Animal Healthcare Market: Comprehensive Insights into Size, Growth Rate, Key Market Drivers, and Emerging Trends
Farm Animal Healthcare Market
Ascend to Prominence: Global Farm Animal Healthcare Market expected to witness substantial growth, moving from $21.02 billion in 2024 to an anticipated $29.89 billion by 2029.
What Is The Projected Market Size Of The Global Farm Animal Healthcare Market And Its Growth Rate?
- The farm animal healthcare market size was $21.02 billion in 2024 and is expected to reach $22.38 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.5%.
- The significant growth within this period can be attributed to factors such as disease outbreaks, regulatory support, increasing livestock population, and a rise in awareness and education.
- The farm animal healthcare market is projected to reach $29.89 billion in 2029 with a 7.5% CAGR.
- Key growth propellers in the forecast period include global food demand, preventive healthcare trend, precision farming technologies, environmental concerns, and economic factors.
What Is Driving The Growth In The Farm Animal Healthcare Market?
The prolific growth of the farm animal healthcare market can be ascribed to the increase in livestock. Livestock refers to agricultural animals such as cows, horses, and pigs that are reared and used by humans. The farm animal healthcare services are essential in shielding these animals from illnesses like swine flu and avian flu. Moreover, the surge in livestock population leads to a higher need for healthcare services and products. For instance, the United States Department of Agriculture forecasts an increase in cattle production by 1% in 2023. Accordingly, cattle slaughter rates and beef production are predicted to grow in 2023 and 2024. Hence, the expanding livestock populations act as powerful drivers for the farm animal healthcare market's growth.
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Who Are the Key Players Driving Farm Animal Healthcare Market Growth?
• Bayer AG
• C. H. Boehringer Sohn AG & Co. KG
• Ceva Santé Animale
• Merck & Co. Inc.
• Virbac Corporation
• Zoetis Inc.
• Vetoquinol Animal health pvt. Ltd.
• Norbrook Laboratories
• Alivira Animal Health Limited
• Phibro Animal Health
• Intas Pharmaceuticals Limited
• Hester Biosciences Limited
• Elanco Animal Health Incorporated
• Biogenesis Bago SA
• Animalcare Limited
• Bimeda Inc.
• Eco Animal Health Pvt. Ltd.
• Dechra Pharmaceuticals PLC
• Hipra
• Huvepharma Inc.
• Indian Immunologicals Limited
• Jurox Pty Ltd.
• Kyoritsu Seiyaku Corporation
• Neogen Corporation
• Phytobiotics Futterzusatzstoffe GmbH
• Vaxxinova International BV
• Wedgewood Pharmacy
• Orion Pharma Animal Health
• Kane biotech Inc.
What Are The Key Trends In The Farm Animal Healthcare Market?
• Rapid development in digital health solutions
• Advances in biotechnology
• Adoption of eco-friendly practices
• Increase in nutraceuticals and functional feed
• Rise in collaborations and partnerships
What Are The Segments Of The Global Farm Animal Healthcare Market?
• 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
Which Region Leads The Farm Animal Healthcare Market?
North America dominated the farm animal healthcare market in 2024, while Asia-Pacific is forecasted to be the fastest-growing region. The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Farm Animal Healthcare Market Global Market Report?
- Market Size Analysis: Analyze the Farm Animal Healthcare Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Farm Animal Healthcare Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Farm Animal Healthcare Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Farm Animal Healthcare Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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