Market Research Future (MRFR) has published a cooked research report on the “Global Animal Health Market” that contains information from 2022 to 2030. The Global Animal Health Market is estimated to register a CAGR of 7.6% during the forecast period of 2022 to 2030.
MRFR recognizes the following companies as the key players in the Global Animal Health Market— Bayer AG, Boehringer Ingelheim GmbH, Virbac SA, Zoetis Inc, Hester Biosciences Ltd, Intas Pharmaceuticals Ltd, Merck Animal Health, Elanco (Eli Lilly and Company), Ceva Santé Animale, and Alvira Animal Health Limited.
Global Animal Health Market is accounted to register a CAGR of 7.6% during the forecast period and is estimated to reach USD 75.02 Billion by 2030.
Animal health refers to the overall physical and mental well-being of animals, encompassing their freedom from disease, injury, and discomfort, as well as their ability to exhibit natural behaviors and maintain optimal physiological conditions. It involves the prevention, diagnosis, and treatment of illnesses and injuries, as well as the promotion of proper nutrition, hygiene, and environmental conditions to ensure animals thrive and achieve their full potential. Animal health also extends to the ethical and responsible management of animals, including their housing, handling, and transportation, to ensure their welfare is prioritized and their quality of life is safeguarded.
The Global Animal Health Market has been segmented based on Animal Type, Product, Route of Administration, and Distribution channels.
Based on Animal Type, the market is segmented into Farm Animals, Companion Animal. The Farm Animal category dominates the Animal Health market due to the large population and commercial significance of farm animals for food production.
Based on Product, the market is segmented into Pharmaceuticals, Vaccines, and Feed Additives. The Pharmaceuticals category dominates the Animal Health market due to its essential role in providing effective treatments and preventive measures for a wide range of animal health conditions.
Based on the Route of Administration, the market is segmented into Oral, Parenteral, and Topical. The Oral category dominates the Animal Health market due to its convenience, ease of administration, and effectiveness in delivering medications and supplements to animals.
Based on Distribution Channel, the market is segmented into Veterinary Hospitals & Clinics, Retail, and E-Commerce. The Veterinary Hospitals & Clinics category dominates the Animal Health market due to its vital role in providing comprehensive medical care, diagnostics, and specialized treatments for animals across various species and health conditions.
Explore In-depth Details: Animal Health Market Research Report
The Global Animal Health Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Animal Health Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Animal Health Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Animal Health Market comprises of Middle East, Africa, and Latin America.
Europe has had a notable influence on non-European countries regarding the protection of farm animals, fisheries, domestic animals, and cattle, particularly in the areas of slaughter and transportation. Additionally, they have established general standards for safeguarding wildlife and laboratory animals. In 2018, Europe implemented a new regulation called MEPs, aimed at improving the health and productivity of cattle by facilitating access to various medications in the market.
The Canadian Government has implemented substantial measures to protect animal health. These initiatives include educational sessions to inform cattle owners about agricultural industry challenges, scientific investigations to address potential gaps in animal welfare, inspections of dairy farms to ensure compliance with cleanliness and water facility regulations, and suitable animal housing standards. These efforts have contributed to the overall growth of the animal health market in the region.
Key Findings of the Study
- Europe's high standards in protecting farm animals, fisheries, domestic animals, and cattle have had a substantial influence on non-European countries. These standards primarily focus on slaughtering and transportation, while also encompassing generic guidelines for safeguarding wildlife and laboratory animals.
- Based on the Animal Type, the Market has been segmented into Farm Animals holding the largest market in 2022.
- Bayer AG, Boehringer Ingelheim GmbH, Virbac SA, Zoetis Inc, Hester Biosciences Ltd, Intas Pharmaceuticals Ltd, Merck Animal Health, Elanco (Eli Lilly and Company), Ceva Santé Animale, Alvira Animal Health Limited.