Animal Health Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Animal Health Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Animal Health Market Size During the Forecast Period?
In recent times, the animal health market has seen significant growth. Its expansion from a valuation of $55.26 billion in 2024, to an estimated $59.91 billion in 2025, is expected to happen at a Compound Annual Growth Rate (CAGR) of 8.4%. The growth observed in the historic period can be credited to globalized food supply chains, amplified livestock farming, a rise in zoonotic diseases, adherence to regulatory norms and standards, and an increased focus on preventive healthcare.

In the upcoming years, robust growth is anticipated in the animal health market size, with a projected increase to $82.04 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.2%. The expected growth during the forecast period can be credited to the emphasis on aquaculture health, the adoption of a holistic health approach, international endeavors in disease monitoring, the growth of pet insurance, the preparedness for emergencies in animal agriculture, and the internationalization of animal health products. The forecast period is marked by key trends such as the incorporation of technology in diagnostics, advanced biotechnology and genomics, the adoption of telehealth services, and the digitization of the supply chain and distribution, coupled with cooperative research efforts.

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What Are the High-Growth Segments in the Animal Health Market?
The animal health market covered in this report is segmented -

1) By Product: Vaccines, Pharmaceuticals, Medicinal Feed Additives, Diagnostics , Equipment And Disposables, Other Products
2) By Animal Type: Commercial, Companion
3) By Route Of Administration: Oral, Parenteral, Topical
4) By End-User: Veterinary Hospitals And Clinics, Animal Care And Rehabilitation Centers, Diagnostic Centers

Subsegments:
1) By Vaccines: Live Attenuated Vaccines, Inactivated Vaccines, Recombinant Vaccines, DNA Vaccines
2) By Pharmaceuticals: Anti-Infective Agents, Anti-Inflammatory Drugs, Parasiticides, Pain Management Medications
3) By Medicinal Feed Additives: Probiotics, Prebiotics, Antimicrobials, Enzymes
4) By Diagnostics: Laboratory Diagnostic Tests, Point-Of-Care Testing Devices, Imaging Equipment
5) By Equipment And Disposables: Surgical Instruments, Monitoring Devices, Disposable Syringes And Needles
6) By Other Products: Nutraceuticals, Supplements, Herbal Medicines

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What Key Drivers Are Expected to Influence Future Animal Health Market Growth?
The rise in zoonotic diseases contributes to the expansion of the animal health market. Zoonotic diseases, which are infectious diseases transmittable between various animal species to humans or vice versa, play a critical role in this trend. Implementing diverse methods to monitor and secure animal health aids in controlling zoonosis, thus contributing to public health protection. As per the US National Library of Medicine's data in June 2023, zoonotic diseases account for roughly 2.5 billion human cases worldwide and an estimated 2.7 million fatalities annually. As a result, the mounting incidence of zoonotic diseases accelerates the growth of the animal health market.

Which Companies Hold the Largest Share Across Different Animal Health Market Segments?
Major companies operating in the animal health market include Elanco Animal Health Incorporated, Merck Animal Health, Boehringer Ingelheim International GmbH, Heska Corporation, Vetoquinol SA, Virbac, Bayer AG, Novartis AG, Biogenesis Bago, Intervet International BV, IDEXX Laboratories Inc., Hester Biosciences Ltd., Intas Pharmaceutucals Ltd., Dechra Pharmaceuticals, Kindred Biosciences, Phibro Animal Health Corporation, Neogen Corporation, Norbrook Laboratories, Huvepharma EOOD, Abaxis Inc., ECO Animal Health Group, Hipra, Zoetis Inc., Kemin Industries, DeLaval, Troy Laboratories, Parnell Pharmaceuticals, Ceva Sante Animale, Bimeda Inc., Animalcare Group, PetIQ, AdvaVet Inc.

What Trends Are Driving Growth in The Animal Health Market?
There is a growing trend of technological progression currently dominating the animal health market. Leading players in the market are investing in emerging technologies to establish their dominance. For example, Elanco Animal Health Incorporated, a company from the US specializing in animal health, collaborated with Ginkgo Bioworks, another US-based biotech firm, to introduce advanced technology solutions in April 2022. Furthermore, in October 2022, Merck Animal Health, a US-based entity known for developing, producing, and selling a wide array of veterinary medications and services, introduced Animo GPS. This product is an activity and behavioral monitor for dogs equipped with GPS tracking. The system provides real-time tracking, which can begin updating the dog's position every five seconds when in 'Lost Dog Mode', and can alert the owner within 20 seconds if the dog moves out of its designated 'Safe Zone.' Animo GPS applies smart technology to monitor a dog's individual activity and behavior, which is readily available on an intuitive mobile application. The device records data such as barking, scratching, shaking, and sleep duration. If it detects significant variations in these behaviors, it harnesses an adaptive algorithm to analyze the data and raise an alert via the mobile app.

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What Are the Emerging Geographies for The Animal Health Market Growth?
North America was the largest region in the animal health market in 2024. The regions covered in the animal health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Animal Health Market?
2. What is the CAGR expected in the Animal Health Market?
3. What Are the Key Innovations Transforming the Animal Health Industry?
4. Which Region Is Leading the Animal Health Market?

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