Press release
Global Animal Health Market Edition 2025: Industry Size to Reach USD 51.33 Billion by 2033, CAGR of 2.79%.
The global animal health market size was valued at USD 38.99 Billion in 2024 and is projected to reach USD 51.33 Billion by 2033, growing at a CAGR of 2.79% during the forecast period 2025-2033. North America dominates the market with a 44.9% share in 2024, driven by rising pet adoption, zoonotic disease awareness, and technological advancements in veterinary care. These factors collectively boost demand for animal health products and services worldwide.
Study Assumption Years
• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Period: 2025-2033
Animal Health Market Key Takeaways
• The animal health market size was USD 38.99 Billion in 2024.
• The market is expected to grow at a CAGR of 2.79% during 2025-2033.
• Forecasted market value is USD 51.33 Billion by 2033.
• North America accounted for the largest market share of 44.9% in 2024.
• Rising zoonotic disease outbreaks drive investments in vaccines, diagnostics, and antimicrobial therapies.
• Increasing pet adoption and demand for specialized treatments fuel market growth in the U.S.
• Advances in biotechnology and pharmaceuticals are enabling innovative veterinary therapies and diagnostics.
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Market Growth Factors
The global animal health market has been experiencing strong growth due to the heavy investments in vaccines, diagnostics, and the like that have been implicitly encouraged by the rising occurrences of zoonotic diseases. The market is also boosted by the enactment of stricter regulations and the establishment of surveillance programs aimed at monitoring and preventing the transmission of zoonotic diseases by governments in different parts of the world. The reduction of disease risks in communities is helped not only by the conducted public awareness campaigns that constitute responsible pet ownership and vaccination practices but also the livestock industry's strict adherence to biosecurity measures as a way of minimizing infection outbreaks and compliance with food safety standards.
The use of advanced veterinary drugs and biotechnology is revolutionizing animal healthcare sector. The targeted biologics, gene editing, cell therapies, PCR, and DNA sequencing technologies are the solutions for the complex animal diseases. QBiotics is among those companies that have gained approvals from regulatory bodies for new veterinary drugs such as STELFONTA for the treatment of canine cancers. Moreover, advanced imaging technologies such as MRI and CT scans are being used for comprehensive diagnostics for both pets and livestock.
The pet humanization trend and specialty pet healthcare are other major factors that positively impact the market. The increasing number of pet owners, especially millennials and Gen Z, and their readiness to pay for high veterinarian care make demand for premium nutrition, custom treatments, and veterinary services flow strongly. The rise of pet healthcare services including veterinary telemedicine also contributes to the widening of access and thus the support of market growth.
Market Segmentation
Analysis by Animal Type:
• Commercial
• Includes livestock and poultry raised for milk, meat, and other commercial needs. Producers invest in preventive
healthcare measures like vaccinations and parasite control to enhance productivity and quality.
• Companion
• Pets and domesticated animals receiving personalized
and preventive healthcare to ensure health and longevity, driven by rising pet humanization.
Analysis by Product Type:
• Pharmaceuticals
• Products aimed at disease prevention, treatment, and management of chronic illnesses in pets and farm animals. It held a dominant 57.0% market share in 2024.
• Biologicals
• Veterinary vaccines and biologics developed to enhance disease resistance and immunity in animals.
• Medicinal Feed Additives
• Additives incorporated in animal feed to support health, growth, and disease prevention.
• Diagnostics
• Tools and platforms for early disease detection, monitoring, and management, such as ECG platforms for cardiac health assessment in dogs.
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Regional Insights
North America leads the animal health market with a 44.9% share in 2024, driven by a large pet parent population focused on companion animal wellness and a thriving livestock industry emphasizing sustained productivity. The presence of numerous pharmaceutical companies fostering innovation and supportive government regulations promoting animal welfare and biosecurity significantly stimulate market growth in this region.
Recent Developments & News
• January 2025: Ceva Animal Health acquired rights to utilize Touchlight's dbDNA technology for developing innovative DNA vaccines in the animal health sector, spearheaded by vaccine expert Dr. Ian Thompson.
• November 2024: MSD Animal Health (part of Merck & Co.) received European Commission approval for BRAVECTO® TriUNO, a novel chewable tablet targeting internal and external parasites in dogs.
• October 2024: The Indian government announced a USD 25 million G20 Pandemic Fund to enhance livestock health coverage amid pandemics, partnering with ADB, World Bank, and FAO; scheduled for completion by August 2026.
Key Players
• Bayer
• Elanco
• Merck
• Merial
• Zoetis Inc.
• Biogenesis Bago
• Boehringer Ingelheim
• Ceva Sante Animale
• Heska
• Neogen
• Novartis
• Thermo Fisher Scientific
• Vetoquinol
• Virbac
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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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