The global animal healthcare market is growing due to the increasing animal population of both types: companion and production. Companion animals are those which people tame or adopt for companionship, house/office guards and production animals are raised for meat and milk-related products.
The new diseases in animals and their transfer to humans via their product consumption and companionship are also propelling the animal healthcare market globally. However, some challenges have emerged in the form of regulations against the excess use of antibiotics in production animals, and legislations and protest of animal activists and institutions against animal research.
The animal healthcare market is very competitive with the top ten players accounting for about 75% of the market and every company focusing on research and development to produce better pharmaceutical and vaccine products for the existing diseases.
The animal healthcare market is categorized under three broad segments, namely feed additives, pharmaceuticals and vaccines. Feed additives can be categorized as nutritional feed additives and medicinal feed additives. Nutritional feed additives comprise amino acids, minerals and vitamins and are used for production animals for their optimal growth. Medicinal feed additives comprise hormones, enzymes, immune-modulators, probiotics and prebiotics and feed acidifiers which target specific diseases in production and companion animals. Pharmaceutical products mainly include endoparasiticides, ectoparasiticides, endectocides, antibiotics, anti-inflammatories and medicines for reproductive problems. Vaccines make animals disease-immune for a particular disease.
In biological terms, vaccination against a particular pathogen aims to mimic the development of naturally acquired immunity by inoculation of non-pathogenic but immunogenic components of that pathogen.
This market research report provides a comprehensive overview of the global animal healthcare market in terms of demand patterns, ongoing trends, market size, and future market forecasts. The report discusses the ongoing trends in the animal healthcare market, which have a direct impact on crucial market growth factors such as plans for investment, growth strategies, and innovation.
The information and data compiled in this research report are based on primary and secondary sources of information and also includes vital inputs from industry experts and professionals. On the basis of tabular and graphical representations presented in this market study, one can clearly understand the growth path taken by the global animal healthcare market over the past couple of years.
The historical and present-day market data also enables us to analyze the market in terms of production capacities and resource utilization. This in turn throws light on demand and supply patterns. The report provides, with the help of qualitative and quantitative facts, a detailed account of the growing significance of animal health and the subsequent impact of various end-use segments on the global animal healthcare market.
This report identifies the key participants in the global animal healthcare market and discusses each company in detail, covering information such as business strategies, recent developments, financial performance, product segments, strategic developments, and SWOT analysis.
Overview of the global animal healthcare market
According to this report, rising incidence of diseases in animals and their subsequent carry-over to human beings owing to consumption of animal products and animal companionship is the main factor that is contributing to the growth of the overall animal healthcare market. Surging global demand for milk and meat and growing population of dietary and companion animals are the other factors which drive the animal healthcare market.
Rising consumption of meat can be attributed to high income levels, changing lifestyle patterns, and a high population growth rate. The growing trend of pet adoption also fuels the demand for animal healthcare products.
The research report segments the global animal healthcare market on the basis of animal type, product, and region. On the basis of animal type, the animal healthcare market is classified into production animals and companion animals.
Based on product type, this market is segmented into vaccines, feed additives, and pharmaceuticals. Owing to a rapidly growing animal population, the segment of feed additives holds the highest share within the product segmentation of the animal healthcare market.
The segment of vaccines and pharmaceuticals is expected to expand in the forthcoming years owing to high focus on animal immunization and high incidence of animal diseases. Geographically, the global animal healthcare market is led by North America.
Companies mentioned in the research report
This research report identifies and profiles the following companies in the global animal healthcare market: Vetoquinol, Elanco Products Company, Boehringer Ingelheim Gmbh, Ceva Sante Animale, Virbac SA, Novartis Animal Health Inc., Bayer AG, Merial Ltd., Merck & Co. Inc., and Zoetis Inc.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments