Animal Healthcare Market - By Product [Pharmaceuticals (Drugs, Anti-inflammatory, Vaccine, Antibiotic), Medical Device (Diagnostics, Anesthesia, Surgical), Service], Animal (Dog, Cat, Horse, Cattle), Distribution (Online, Pharmacy)- Global Forecast to 2032

Animal Healthcare Market - By Product [Pharmaceuticals (Drugs, Anti-inflammatory, Vaccine, Antibiotic), Medical Device (Diagnostics, Anesthesia, Surgical), Service], Animal (Dog, Cat, Horse, Cattle), Distribution (Online, Pharmacy)- Global Forecast to 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Animal Health and Nutrition | Format: Report available in PDF / Excel Format

View Details Buy Now 2890 Download Sample Ask for Discount Request Customization

Animal Healthcare Market Size

Animal Healthcare Market size crossed USD 150.6 billion in 2022 and is estimated to witness 4.7% CAGR between 2023 and 2032. This significant market growth is majorly pertaining to several factors including the increasing pet adoption for companionship, rising meat and dairy product consumption, rising zoonotic and foodborne disease prevalence, and growing pet adoption across the globe.

To get key market trends

  Download Free Sample

For instance, according to WHO zoonoses account for about 60% of newly discovered infectious diseases worldwide. In the past 30 years, over 30 distinct human pathogens have been discovered, 75% having animal origins. In the WHO's Eastern Mediterranean Region, rising zoonoses pose a spreading risk to public health. In the past 20 years, emerging zoonotic diseases have been reported from 18 of 22 nations, frequently with rapid outbreaks and high mortality rate. Thus, the abovementioned factors are set to propel the global animal healthcare industry growth.

Animal healthcare refers to the branch of medicine concerned with the prevention, management, diagnosis, and treatment of sickness, disorder, and injury in animals. Furthermore, it is involved in animal husbandry, breeding, nutrition research, and product creation.

However, the lack of uniformity, growing concerns about complications, and the high cost of animal diagnostics could also restrain the development of the animal healthcare market. For instance, the normal check-up for a dogs costs, on average, USD 50 to USD 250. The total cost of veterinary treatment, including wellness exams, dental work, lab work, and vaccinations, can range from USD 700 to USD 1,500. The cost for the diagnosis of all types of animals varies based on the location, type o animal, and disease type.

Animal Healthcare Market Report Attributes
Report Attribute Details
Base Year 2022
Animal Healthcare Market Size in 2022 USD 150 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 4.5%
2032 Value Projection USD 238 Billion
Historical Data for 2018 to 2022
No. of Pages 306
Tables, Charts & Figures 641
Segments covered Product, Animal Type, Distribution Channel, and Region.
Growth Drivers
  • Increasing pet adoption for companionship
  • Increasing support offered by government and public organizations for animal care
  • Growing demand for online veterinary pharmacies
  • Increase in animal healthcare expenditure
Pitfalls & Challenges
  • High cost associated with animal healthcare drugs
  • Low out of pocket expenditure on pet healthcare in developing countries

What are the growth opportunities in this market?

 Download Free Sample

Advancements in the pet healthcare industry is anticipated to amplify the market statistics

Thanks to technology, life has gotten better for us humans and our furry friends alike. From medical imaging like MRIs and ultrasounds to surgeries like laparoscopy, once only available to people, they're now helping pets and animals too. And let's not forget about those digital gadgets! Digital radiographs have replaced old-fashioned X-rays, and digital dental X-rays and fancy dental tools are helping vets keep our pets' smiles healthy. But it's not just in clinics where technology is making a difference. New inventions are popping up everywhere, helping us prevent and treat health issues in our pets, wherever we are.

Animal Healthcare Market Analysis

Learn more about the key segments shaping this market

 Download Free Sample

Based on product, the animal healthcare market is segmented as pharmaceuticals, medical devices, and veterinary services. The veterinary services segment is expected to reach around USD 76 billion by 2032. This high market revenue is owing to several advantages offered by veterinary services in animal healthcare. In addition, as the risk of zoonotic diseases grows, veterinary clinics provide a variety of services to prevent and manage veterinary infectious diseases.

Based on animal type, animal healthcare market is segmented as livestock animals, and companion animals. The companion animals segment accounted for around USD 93.4 billion in 2022 and is set to witness a CAGR of over 4.4% through 2032. This is due to the fact that companion animals are proven to reduce blood pressure, provide psychological stability, and reduce the incidence of cardiac arrhythmias and anxiety symptoms, all of which improve human well-being.

The pharmaceutical industry sells its products through three main channelspharmacies, online retailers, and distributors. Distributors are expected to grow at a healthy rate of 3.8% per year from 2023 to 2032. Veterinary distributors play a big role in this growth. They sell products from animal health companies to veterinarians. These distributors often have their own sales teams who help veterinarians learn about new products and services. The way a product is distributed can depend on things like whether it needs to be prescribed by a veterinarian. Some products can be sold directly to pet owners in stores.

Learn more about the key segments shaping this market

 Download Free Sample

North America animal healthcare market accounted for 39.4% revenue share in 2022, due to a variety of definitive measures implemented by government animal welfare organizations that are constantly working to better overall animal health. Furthermore, technological advancements, rising zoonotic disease incidence, and an increasing number of pet owners are expected to drive market expansion in the region. Several collaborative efforts by major businesses to improve their R&D capabilities and ensure high-quality standards are anticipated to drive demand in this region even higher. Furthermore, the bulk of the share can be attributed to the high disease burden in this region.

Animal Healthcare Market Share

Some of the major market players operating in the animal healthcare industry are

  • Boehringer Ingelheim International GmbH
  • Ceva Sante Animal
  • Dechra Pharmaceuticals
  • Elanco Animal Health
  • Merck & Co
  • Symrise

These market players concentrate on strategic developments such as partnerships, new product launch & commercialization, vertical integration for business expansion. Furthermore, these players are heavily investing in R&D activities that enables them to innovate & capitalize on these products that further helps to garner maximum revenue in the market.

Impact of COVID-19 Pandemic

"Hey there! So, the COVID-19 pandemic really shook things up for the veterinary medicine world. Lockdowns closed factories that make meds for animals, countries started restricting exports, and everyone needed COVID-19 treatments more than ever. That led to big shortages of medicine for our furry friends. Governments stepped in and said, "Whoa, we need to do something!" They started taking steps to reduce the shortage. And the CDC even gave vets some advice in July 2020 on how to care for pets with COVID-19. It was a rollercoaster, but the pandemic actually had a big impact on how we use and produce veterinary meds. Farmers and pet owners had trouble getting the stuff they needed. But now, things are starting to get back to normal. We're seeing demand for veterinary medicines go back up to pre-pandemic levels. And experts predict that the market for these meds is going to grow like crazy in the near future."

Animal healthcare market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments

Click here to Buy Section of this Report

By Product

  • Pharmaceuticals
    • Drugs
      • Antiparasitic
      • Anti-inflammatory
      • Anti-infectives
      • Others
    • Vaccines
      • Modified Live Vaccines (MLV)
      • Killed Inactivated Vaccines
      • Others
    • Medicated Feed Additives
      • Antibiotics
      • Vitamins
      • Amino acids
      • Enzymes
      • Antioxidants
      • Prebiotics and probiotics
      • Minerals
      • Others
  • Medical Devices
    • Veterinary Diagnostic Equipment
    • Veterinary Anesthesia Equipment
    • Veterinary Patient Monitoring Equipment
    • Veterinary Surgical Equipment
    • Veterinary Consumables
    • Others
  • Veterinary Services

By Animal Type

  • Livestock Animals
    • Poultry
    • Swine
    • Cattle
    • Fish
    • Others
  • Companion Animals
    • Dogs
    • Cats
    • Horses
    • Others

By Distribution Channel

  • Pharmacies
  • Online
  • Distributors

The above in production is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Poland
    • The Netherlands
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Taiwan 
  • Latin America
    • Brazil
    • Mexico
    • Argentina 
  • Middle East & Africa
    • South Africa
    • GCC Countries
    • Israel

 

Related Reports

Table of Content

Will be Available in the sample /Final Report. Please ask our sales Team.

List Tables Figures

Will be Available in the sample /Final Report. Please ask our sales Team.

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.

Discounts are available.

Hard Copy

Email