U.S. Animal Healthcare Market Analysis by Product, Animal Type and Growth Factors With Top Key Players by 2023

The U.S. animal healthcare market will be observing a consistent growth in the coming years due to increasing pet adoption, consumption of meat and milk, and zoonotic and food borne diseases. Out of the three product types in the U.S animal healthcare market, pharmaceuticals held the largest share in 2016. The high consumption of animal products in the U.S. has led to increased investment in animals’ feed and health.

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According to the American Pet Products Association (APPA), during 2017-2018, 139.3 million freshwater fishes and 94.2 million cats will be owned by the U.S. nationals. The APPA also claims that total expenditures on the pet industry in U.S. will grow from $55.7 million in 2013 to around $69.2 million by the end of 2017. The surgical vet cost for cats and dogs will account to be $245 and $474 respectively.

In terms of animal population for both production and companion animals, the U.S. is one of the largest countries globally. In 2016, the companion animal segment held the largest share in the U.S. animal healthcare market. The segment is also expected to grow at a faster rate in coming years.

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The U.S. animal healthcare market is expected to grow in coming years due to growth in research activities for certain new diseases. The growth of the U.S. animal healthcare market is also attributed to the growth in domestic consumption and export of milk and meat. Veterinary service is becoming one of the recognized professions in the U.S. and the number of veterinarians has been increasing in the country. According to the Employment Projection Programme of the U.S. Bureau of Labor Statistics, the number of employed veterinarians is expected to grow from 70,300 in 2012 to 78,700 by 2022.

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Some of the key players of the U.S. animal healthcare market include Zoetis, Elanco, Merial, Dechra Pharmaceuticals, Bayer Animal Heath, Virbac, Merck, Ceva Animal Health, Phirbo Animal Health, Boehringer Ingelheim GmbH and Vetoquinol.

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