Animal Health Market Opportunities Fueled by Biotechnology, Vaccines, and Preventive Solutions

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Animal Health Market"-, By Product (Pharmaceuticals, Biologics, Medicinal Feed Additives, Diagnostics, Equipment & Disposables, Others) By Animal (Companion Animals, Production Animals), By Distribution Channel (Hospital/ Clinic Pharmacy, Retail, E-commerce), By End User (Veterinary Hospitals & Clinics, Veterinary Reference Laboratories, Home Use, Others), and Global Forecasts, 2024-2031 And Segment Revenue and Forecast To 2034."

Animal Health Market Size is valued at USD 62.3 Bn in 2024 and is predicted to reach USD 128.7 Bn by the year 2034 at an 7.5% CAGR during the forecast period for 2025-2034.

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The animal healthcare sector encompasses a comprehensive range of solutions-including pharmaceuticals, vaccines, medicated feeds, and diagnostic technologies-designed to prevent, detect, and treat diseases in animals. Animals play a vital role in human society by providing companionship, supporting food security, sustaining livelihoods, and contributing to biomedical research, including drug development and genetic studies. Key factors driving the global veterinary healthcare market include increased awareness of zoonotic diseases, enhanced regulatory oversight, and intensified efforts to control infectious disease outbreaks.

Rising global demand for animal-derived proteins and other food products underscores the need for a robust animal health infrastructure. In response, stakeholders are prioritizing the development of advanced therapeutic solutions to address the growing prevalence of animal diseases. Pharmaceutical companies are expanding vaccine portfolios targeting critical health conditions in both livestock and companion animals, while other industry segments are implementing stringent biosecurity measures to prevent pathogen transmission and reduce the risk of foodborne illnesses.

The COVID-19 pandemic significantly impacted the veterinary healthcare landscape by heightening awareness of disease prevention, thereby sustaining demand for related products and services. Reflecting ongoing sector consolidation and strategic realignments, Zoetis Inc. and Phibro Animal Health Corporation announced a $350 million agreement in April 2024, whereby Phibro will acquire Zoetis' medicated feed additive portfolio, select water-soluble products, and associated assets, with the transaction expected to close in the latter half of 2024, subject to regulatory approval.

Current market trends emphasize a shift toward preventive care strategies for both livestock and companion animals. Owners and producers are increasingly adopting early detection technologies and proactive health interventions to enhance animal welfare and mitigate disease risks. Concurrently, innovations in biotechnology and pharmaceutical sciences-including DNA sequencing, PCR-based diagnostics, gene editing, and cell-based therapies-are transforming veterinary medicine by enabling precision treatments, targeted vaccines, and advanced diagnostic tools tailored to specific species and conditions. Leading industry players continue to invest substantially in research and development to deliver safer, more effective, and species-specific veterinary healthcare solutions.

List of Prominent Players in the Animal Health Market:
• Virbac S.A.
• NEOGEN Corporation
• Zoetis Inc.
• Vetoquinol S.A.
• Dechra Pharmaceuticals plc
• Mars Inc.
• Animalcare Group plc
• Bimeda
• Biognesis Bag
• Bioveta
• China Animal Husbandry Industry Company
• Chanelle
• ImmuCell Corporation
• Laboratorios CALIER, S.A
• HIPRA, S.A.
• Norbrook Laboratories
• Alembic Animal Health
• Boehringer Ingelheim GmbH
• Elanco
• IDEXX Laboratories, Inc.
• Ceva Santé Animale
• Merck & Co Inc.

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Market Dynamics
Drivers:
The animal healthcare sector is experiencing strong growth, primarily driven by the increasing number of pet owners, particularly among Millennial and Generation Z populations. These consumer segments are fueling demand for innovative pet care products and technologies that emphasize health, safety, and overall well-being. Concurrently, rising global consumption of animal-derived food products-including meat, dairy, and eggs-is prompting greater investment in livestock health management.

This includes the implementation of vaccination programs, feed additives, and comprehensive preventive healthcare solutions. Additionally, increasingly stringent regulatory standards for animal welfare and food safety are accelerating the adoption of vaccines, antimicrobial alternatives, and integrated disease management protocols across both companion and production animals.

Challenges:
Despite positive growth prospects, the industry faces regulatory and economic constraints that may impede expansion. A significant challenge is the complex and time-intensive approval process for veterinary pharmaceuticals, particularly in jurisdictions such as the United States, where products are regulated by the U.S. Food and Drug Administration (FDA). According to the Animal Health Institute, the development of a new veterinary drug often exceeds ten years and may require investments surpassing USD 100 million. Furthermore, the high cost of advanced diagnostics, therapeutics, and veterinary services restricts access to quality animal healthcare in emerging markets, limiting growth potential in these regions.

Regional Trends:
North America is anticipated to maintain its leadership in the global animal healthcare market throughout the forecast period, supported by robust government initiatives designed to enhance animal health and safety standards. Programs such as the Animal Health Emergency Management (AHEM) initiative focus on ensuring product quality, affordability, and effective disease outbreak control, pathogen management, and mitigation strategies.

In contrast, the Asia-Pacific region is projected to register the highest growth rate, driven by rising disposable incomes and shifting consumer preferences in countries such as China, India, and Japan. Increasing pet ownership and greater consumption of meat, dairy, and poultry products are encouraging substantial investments in livestock healthcare, with a particular emphasis on vaccination programs, feed optimization, and preventive treatment strategies.

Recent Developments:
• In Dec 2024, Zoetis Inc., introduced the Vetscan OptiCellTM, a novel screenless point-of-care hematological analyzer, to the world at the Veterinary Meeting & Expo (VMX) in January in Orlando, Florida. It is the first veterinary hematology diagnostic instrument that uses a cartridge and artificial intelligence (AI) to provide accurate insights in minutes through full blood count (CBC) analysis.
• In January 2024, Neogen Corporation declared the Provecta Pro Flea & Tick Collar for Dogs to be available. For dogs and pups 12 weeks of age and up, Provecta Pro provides easy and mess-free protection. Containing two active ingredients, Deltamethrin and the IGR (S)-Methoprene, Provecta Pro provides long-lasting, full-body protection against fleas, ticks, and mosquitoes* for six months.
• In November 2023, Virbac completed the acquisition of Globion's majority interest. By expanding Virbac India's current poultry offering into the expanding field of avian vaccines, this deal will strengthen position as India's leader in animal health. The development, production, and marketing of live and inactivated vaccines that target a wide range of avian infections are areas in which Globion has established strong knowledge and competence.

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Segmentation of Animal Health Market.
Global Animal Health Market- By Product
• Pharmaceuticals
o Parasiticides
o Anti-infectives
o Anti-inflammatory
o Analgesic
o Others
• Biologics
o Vaccines
 Modified/ Attenuated Live
 Inactivated (Killed)
 Others
o Other Biologics
• Medicinal Feed Additives
• Diagnostics
o Consumables
o Instruments
• Equipment & Disposables
o Critical Care Consumables
o Anesthesia Equipment
o Fluid Management Equipment
o Temperature Management Equipment
o Rescue & Resuscitation Equipment
o Research Equipment
o Patient Monitoring Equipment
• Others
o Veterinary Software
o Veterinary Telehealth
o Livestock Monitoring
Global Animal Health Market - By Animal
• Companion Animals
o Dogs
o Cats
o Horses
o Others
• Production Animals
o Cattle
o Swine
o Poultry
o Sheep & Goats
o Fish
Global Animal Health Market - By Distribution Channel
• Hospital/ Clinic Pharmacy
• Retail
• E-commerce
Global Animal Health Market - By End User
• Veterinary Hospitals & Clinics
• Veterinary Reference Laboratories
• Home Use
• Others
Global Animal Health Market - By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/animal-health-market/2929

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