Livestock Healthcare Market on Track for Strong Growth, Estimated to Grow at 10.5% CAGR Through 2029

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What Is the Expected CAGR for the Livestock Healthcare Market Through 2025?
In recent times, the livestock healthcare market has seen significant expansion. Its size is predicted to increase from $54.45 billion in 2024 to $58.41 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.3%. The previously observed growth can be credited to numerous factors including the augmenting livestock population, the intensification of livestock farming, escalating demand for animal products, the spreading trend of livestock industry globalization, and government policies supporting livestock health.

What's the Projected Size of the Global Livestock Healthcare Market by 2029?
The estimated growth of the livestock healthcare market over the next few years is predicted to be swift, expanding to $86.94 billion in 2029 with a compound annual growth rate (CAGR) of 10.5%. Factors such as the evolution of disease landscapes, reduction focus on antibiotics, increased awareness of zoonotic diseases, adoption of precision farming methods for livestock, and sustainable livestock practices contribute to this growth expected in the forecast period. The forecast period also sees trends like the implementation of biosecurity measures to prevent diseases, selection of genetics to resist diseases, remote consultations and veterinary services, concentration on animal welfare, stress reduction, and the emergence of personalized medicine for livestock.

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Top Growth Drivers in the Livestock Healthcare Industry: What's Accelerating the Market?
The rise in food-borne and zoonotic diseases is anticipated to spur the growth in the livestock healthcare market. Foodborne diseases refer to infections originating from the intake of contaminated food or water, tainted by harmful microorganisms like bacteria, parasites, and viruses. Zoonotic diseases, on the other hand, are those illnesses that can be transmitted from animals to humans. Livestock healthcare offers solutions for the detection, prevention, and treatment of these diseases through vaccines and medications. Thus, an increased occurrence of food-borne and zoonotic illnesses fuels the demand for livestock healthcare products. For example, the European Food Safety Authority, a public agency based in Italy, reported that the European Union experienced a total of 5,763 foodborne outbreaks in 2022, a significant 44% increase from the previous year. As a result, there's a compelling correlation between the escalating prevalence of food-borne and zoonotic illnesses and the robust growth of the livestock healthcare market.

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What Trends Will Shape the Livestock Healthcare Market Through 2029 and Beyond?
Technological advancements are becoming a significant trend in the livestock healthcare market. Major corporations in this sector are concentrating on creating innovative technological solutions to reinforce their market prominence. In July 2022, Merck Animal Health, a US biopharmaceutical firm specializing in the development and production of medicines and vaccines, introduced Whisper on Arrival. This pioneering technology changes the way cattle-related decisions are made. It employs specialized sound-collection equipment and a predictive algorithm that can evaluate an animal's breathing, heartbeat, weight, and rectal temperature, providing valuable data to feedlot managers and veterinarians for making decisions about specific animals. It enables the creation of a strategy for managing bovine respiratory disease (BRD) and identifies those cattle that might be more vulnerable to disease.

What Are the Main Segments in the Livestock Healthcare Market?
The livestock healthcare market covered in this report is segmented -

1) By Product Type: Vaccines, Pharmaceuticals, Feed Additives, Diagnostics, Other Types
2) By Livestock Animal: Poultry, Swine, Cattle, Sheep And Goats, Horse, Other Animals
3) By End User: Reference Laboratories, Point-of-care Testing or In-house Testing, Veterinary Hospitals and Clinics, Other Users

Subsegments:
1) By Vaccines: Live Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, mRNA Vaccines, Viral Vector Vaccines, DNA Vaccines, Recombinant Vaccines
2) By Pharmaceuticals: Prescription Medications, Over-the-Counter Medications, Biopharmaceuticals, Generic Drugs, Specialty Pharmaceuticals, Combination Drugs
3) By Feed Additives: Nutritional Additives (Vitamins, Minerals), Antibiotics, Probiotics, Enzymes, Amino Acids, Flavoring Agents, Antioxidants
4) By Diagnostics: Molecular Diagnostics, Immunoassays, Point-of-Care Testing, Imaging Diagnostics, Histopathology, Genetic Testing
5) By Other Types: Medical Devices, Laboratory Equipment, Research Reagents, Therapeutic Devices, Alternative Treatments

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Which Top Companies are Driving Growth in the Livestock Healthcare Market?
Major companies operating in the livestock healthcare market include Merck & Co Inc., Boehringer Ingelheim International GmbH, Zoetis Inc., Elanco Animal Health Incorporated, Alltech Inc., Virbac SA, Ceva Santé Animale, Phibro Animal Health Corporation, Avivagen Inc., Dechra Pharmaceuticals plc, Huvepharma AD, Vetoquinol SA, Laboratorios Hipra S.A., Anpario plc, Kemin Industries Inc., Norbrook Laboratories Ltd., Alivira Animal Health Limited, Intas Pharmaceuticals Ltd., Jurox Pty Ltd., Hester Biosciences Limited, Vets Plus Inc., Phytobiotics Futterzusatzstoffe GmbH, Delacon Biotechnik GmbH, Bimeda Holdings plc, Inovet (V.M.D. NV/sa)

Which Regions Will Dominate the Livestock Healthcare Market Through 2029?
North America was the largest region in the livestock healthcare market in 2024. The regions covered in the livestock healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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