Press release
Rising Zoonotic Disease Prevalence Drives Growth In The Animal Health Market: Core Growth Enabler in the Animal Health Market, 2025
Animal Health
What Will the Animal Health Industry Market Size Be by 2025?
The size of the animal health market has experienced significant expansion in the past few years. The market is projected to increase from $55.26 billion in 2024 to $59.91 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%. The market's development in the historical period can be assigned to factors such as the globalization of food supply chains, the amplification of livestock farming, a rise in zoonotic diseases, compliance with regulations and standards, and a focus on preventative healthcare.
What's the Long-Term Growth Forecast for the Animal Health Market Size Through 2029?
We anticipate the animal health market to undergo considerable expansion in the upcoming years, topping off at $82.04 billion in 2029 with a compound annual growth rate (CAGR) of 8.2%. This predicted surge during the forecast period can be linked to increased attention on the health of aquaculture, the one health approach, worldwide disease surveillance efforts, surge in pet insurance, readiness for crisis in animal agriculture and global availability of animal health goods. Technological assimilation in diagnostics, biotechnology and genomics, telehealth services uptake, supply chain and distribution digitalization, as well as cooperative research projects are key trends projected for the forecast period.
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What Are the Key Growth Drivers Fueling the Animal Health Market Expansion?
The escalating occurrence of zoonotic diseases is projected to boost the animal health market in future. These are infectious diseases that can be transferred between various animal species and humans or vice versa. Utilizing diverse methods to monitor and protect animal health can aid in controlling zoonosis, thereby guarding public health. For instance, the National Library of Medicine, a US federal government-operated institute, reported in June 2023 that zoonotic diseases account for about 2.5 billion human instances globally and almost 2.7 million fatalities each year. Consequently, the escalating occurrence of zoonotic diseases will drive growth in the animal health market.
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What Are the Key Trends Driving Animal Health Market Growth?
The rise in technological innovations is a significant trend making waves in the animal health market. Prominent players in the market are focusing on developing cutting-edge technologies to solidify their market position. For example, Elanco Animal Health Incorporated, an animal health firm based in the US, teamed up with Ginkgo Bioworks, a US biotech company, in April 2022 and launched a new product. Further, Merck Animal Health, in October 2022, released Animo GPS, a product designed to monitor and track the activity and behavior of dogs. The device, equipped with GPS, can update a dog's location every five seconds when the 'Lost Dog Mode' is activated. Furthermore, the device can alert the pet owner within 20 seconds if their dog leaves the designated 'Safe Zone.' Animo GPS uses intelligent technology to monitor individual dog activities and behaviors, recording data like barking, scratching, shaking, and sleep patterns on an easy-to-use mobile app. The device, thanks to its adaptive algorithm, can analyze significant changes in these behaviors and issue notifications via the app.
How Is the Animal Health Market Segmented?
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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Which Companies Are Leading the Charge in Animal Health Market Innovation?
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.
Which Regions Are Leading the Global Animal Health Market in Revenue?
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
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