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Published Date: 2017-04-18Number of Pages: 378

Animal Health Care Market (Zone - North India, East India, West India, South India; Animal Type Livestock (Bovine, Porcine, Ovine, and Poultry) and Companion (Canine and Feline); Distribution Channel - Veterinary Hospitals, Veterinary Clinics, Pharmacies, Drug Stores, Direct Distribution, and Pet Shops) - India Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

India Animal Health Care Market: Snapshot

The animal health care market in India has been displaying high potential for growth, thanks to the increasing consumption of animal protein by humans, rise in veterinary population, and a number environmental factors. The continual surge in the prevalence of veterinary diseases and expensive treatment procedures are also expected to boost this market substantially over the next few years.

The India market for animal health care stood at US$590.0 mn in 2015. Over the period from 2016 to 2024, the opportunity in this market is likely to expand at a CAGR of 8.0% and reach a value of US$1,179.4 mn by the end of 2024. The development of new generation antibiotics for veterinary animals will also add to the market’s growth in the years to come.

india animal health care market

Veterinary Clinics to Surface as Leading Distribution Channel for Animal Health Care Products in India

In terms of the distribution channel, the India animal health care market has been classified into veterinary hospitals, veterinary clinics, drug stores, pharmacies, and various other channels, such as direct distribution and pet shops. Veterinary clinics have emerged as the leading distribution channel for animal health care products in India and are expected to continue to be over the next few years. The segment led the overall market with a share of 33% in 2015. The increasing population of animals, growing prevalence of veterinary diseases, and the massive market penetration are the key factors behind the progress of veterinary clinics in India.

Apart from this, the veterinary hospitals and the pharmacies and drug stores segments are also expected to witness a healthy rise in their market shares, especially in emerging regions of this country over the forthcoming years. The increasing concerns over animal health are likely to boost other distribution channels in the near future.

South India to Lead India Animal Health Care Market

North India, South India, East India, and West India are the four major zones, across which, the market for animal health care has spread in this country. With a share of 37%, South India has dominated the overall market in 2015. Researchers expect this zonal market to be driven by the rising consumption of animal protein and remain on the top over the next few years. The growing trend of keeping companion animals as pets is also propelling the animal health care market in South India.

Andhra Pradesh and Karnataka have emerged as the most prominent local markets for animal health care in South India and are expected to present substantial scope for future growth. The soaring demand for antibiotics, dewormers, analgesic drugs, and other high-quality animal health care products in this zone is projected to create lucrative opportunities for market players over the coming years.

Amongst other zonal markets, North India is anticipated to witness a healthy rise in near future. The animal health care market in North India is driven by the growing awareness about animal health management practices, frequently changing climatic conditions, increasing prevalence of causative agents for various diseases, augmenting demand for quality animal health care products, and the rising veterinary population. Over the forthcoming years, the escalating demand for feed additives, vaccines, and various veterinary drugs, such as antibiotics and NSAIDs, is expected to boost the market in this zone remarkably.

Natural Remedies Pvt. Ltd., Ayurvet Ltd., The Himalaya Drug Co., Zydus Animal Health, Venky’s India, Cargill Inc., Cipla Inc., Intas Pharmaceuticals Ltd., Vetoquinol, Ceva Santé Animale, Virbac, Boehringer Ingelheim GmbH, Merial, Elanco, Bayer AG, Zoetis Inc., and Merck & Co. Inc. are some of the leading players in the market for animal health care in India.

India Animal Health Care Market: Overview

In terms of revenue, the India animal health care market is expected to register a CAGR of 8.0% during the forecast period, 2016–2024. The primary objective of the report is to offer insights on the market dynamics that can influence growth of the India animal health care market over the forecast period. Insights on key trends, drivers, restraints, value forecasts and opportunities for companies operating in the India animal health care market are presented in the report.

The India animal health care market is expected to witness significant growth rate in terms of value owing to Increase in consumption of animal protein among human population, rise in epidemics of animal diseases, significant animal population and better technology and growing awareness about animal health management practices contributes to growth of the animal health care market. Moreover, development of novel drugs and vaccines against various animal diseases is creating high potential growth opportunities for players operating in the India animal health care market.

Revenue from the animal health care market in India is expected to expand at the relatively higher CAGR due to rising awareness for veterinary care and development of strong distribution channel in India. To understand and assess opportunities in this market, the report offers market forecast on the basis of animal type, therapeutic applications and zones. The report provides analysis of the India animal health care market in terms of market value (US$ Mn).

India Animal Health Care Market: Segmentation

The India animal health care market is segmented on the basis of animal type: Livestock and Companion. The report begins with the market definition, followed by definitions of the different animal types and different therapeutic applications. The market dynamics section includes TMR’s analysis on key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth of the India animal health care market. Next, the report analyses the market on the basis of regions and presents forecast in terms of value for the next 10 years. On the basis of zone, the India animal health care market is segmented into North India, East India, West India, and South India.

We have considered Year-on-Year (Y-o-Y) growth to understand the predictability of the market and identify growth opportunities for companies operating in the India animal health care market. Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is usually overlooked, while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective for services offered by animal health care market. To understand key segments in terms of their growth and performance in the India animal health care market, Transparency market research has developed a market attractiveness index. The resulting index would help providers identify existing market opportunities.

India Animal Health Care Market: Competitive Analysis

In the final section of the report, a ‘competitive landscape’ has been included to provide a dashboard view of key companies operating in the India animal health care market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the India animal health care market and the potential players. However, this section also includes market strategies and SWOT analysis of the main players operational in the India animal health care market.

Detailed profiles of players operating in India animal health care market are also included in the scope of the report to evaluate their long- and short-term strategies. Key players included in this report are Merck & Co., Inc. (Intervet India Pvt. Ltd.), Zoetis, Inc., Bayer AG, Elanco, Merial, Boehringer Ingelheim GmbH, Virbac Group, Ceva Santé Animale, Vetoquinol, Intas Pharmaceuticals Ltd., Cipla, Inc. (Cipla Vet), Cargill, Incorporated, Venkys India, Zydus Animal Health, The Himalaya Drug Company, Ayurvet Limited, and Natural Remedies Pvt. Ltd., among others.

The India animal health care market has been segmented as follows:

By Zone

  • North India
  • East India
  • West India
  • South India

By Animal Type

  • Livestock
    • Bovine Species
    • Porcine Species
    • Ovine Species
    • Poultry Species
  • Companion
    • Canine Species
    • Feline Species

By Distribution Channel

  • Veterinary Hospitals
  • Veterinary Clinics
  • Pharmacies and Drug Stores
  • Others (Direct Distribution, Pet Shops)

By Therapeutic Type

  • Drugs
    • Anti-infective by route of administration
    • Analgesic, Antipyretic, and Anti-inflammatory by route of administration
    • Parasiticides by route of administration
    • Dewormers by route of administration
    • Others by route of administration
  • Vaccines
    • Live Attenuated Vaccine by route of administration
    • Inactivated Vaccine by route of administration
    • Other Vaccine by route of administration


 
 
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