The global animal health market is expected to reach USD 79.29 Billion in 2028 and register a steady revenue CAGR of 5.9% over the forecast period, according to latest report published by Reports and Data. Key factors driving global market revenue growth are increasing adoption of companion animals such as cats and dogs among elderly population, and rising demand for animal-based food products across various countries across the world.

Animals have been a crucial part in man’s life since ancient times as they appear in ancient cave paintings, on modern commercial farmlands, and as pets in homes. There has been a rapid increase in the livestock population owing to high consumption of animal-based food due to rapidly increasing population, and technological advancements in livestock farming. Adoption of companion animals such as cats and dogs among elderly people and children has also increased in recent years. However, like human beings, these animals are prone to various diseases and infections. Animal healthcare involves taking care of animals and maintaining good health and records of drugs, medications, and vaccines by consulting veterinarians. Various companies are focusing on developing enhanced drug formulations to cater to increasing prevalence of diseases and infections in animals. In addition, several public and private sectors are focusing on improving animal healthcare services, providing better treatment facilities, and providing financial help to research laboratories working on zoonotic diseases.

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Some key highlights of the report:

• Among the product types, the pharmaceutical segment is expected to register significant revenue growth during the forecast period. This can be attributed to increasing prevalence of bacterial and parasitic infections, high production of livestock animals, availability of highly effective drugs such as antibiotics, parasiticides, and anti-inflammatory drugs to treat various infections, and increasing investment in research and development activities. 
• Based on distribution channel, the veterinary hospitals clinics segment is expected to register rapid revenue CAGR over the forecast period owing to increasing number of hospital pharmacies, increasing patient pool, and easy availability of medicines and healthcare supplies. 
• North America is expected to account for largest revenue share in the global market during the forecast period owing to factors such as high prevalence of zoonotic diseases, increasing adoption of dogs and cats for companionship among elders, increasing number of veterinary hospitals and clinics, and availability of advanced treatment facilities. Other factors such as increasing investments in research and development activities, rising demand for animal-based products, and high disposable income are also fueling North America’s market growth. 
• Asia Pacific market is expected to register a rapid revenue CAGR of 10% between 2021 and 2028 owing to rising incidence of infections and parasitic diseases in animals, increasing adoption of pets, rapid urbanization, and high demand for animal-derived food products. In addition, increasing awareness about animal health and nutrition, favorable government initiatives, and high focus on developing more effective and affordable products are other factors expected to fuel market growth in Asia Pacific going ahead. 

  Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product service portfolio. The Animal Health market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in RD, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.

Leading companies operating in the market are:

Zoetis Inc., Ceva Santé Animale, Merck Animal Health, Vetoquinol S.A., Boehringer Ingelheim International GmbH, Bayer AG, Virbac, Heska, Nutreco N.V., Novartis International AG, Elanco Animal Health Inc., Biogenesis Bago S.A., Thermo Fisher Scientific, Dechra Pharmaceuticals Plc., and Tianjin Ringpu Biotechnology Co Ltd.

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

  Animal Health Market Segmentation:

Type Outlook:

• Production Animals
  • Poultry
  • Swine
  • Cattle
  • Sheep Goats
  • Fish
• Companion Animals
  • Dogs
  • Cats
  • Horses
  • Others

Application Outlook:

• Vaccines
  • Live Attenuated Vaccines
  • DNA Vaccines
  • Recombinant Vaccines
  • Inactivated Vaccines
  • Others
• Pharmaceuticals
  • Parasiticides
  • Anti-infectives
  • Anti-inflammatory
  • Analgesics
  • Others
• Feed Additives
  • Antibiotics
  • Vitamins
  • Amino acids
  • Feed enzymes
  • Antioxidants
  • Prebiotics and probiotics
  • Minerals
• Diagnostics
  • Instruments
  • Consumables
  • Others

Application Outlook:

• Oral
  • Tablets or Capsules
  • Powder or Premix
  • Liquid
• Parenteral
  • Liquid
  • Powder
• Topical
  • Solutions
  • Creams and ointments
  • Powder
• Transdermal
  • Patches
  • Gels
  • Sprays

Geographic Segment Covered in the Report:

The Animal Health report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (the USA and Canada)
• Europe (UK, Germany, France, and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• the Middle East and Africa (GCC and the rest of the Middle East and Africa)

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  Key market aspects are illuminated in the report:

• Executive Summary: It covers a summary of the most vital studies, the Global Animal Health market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
• Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Animal Health market, the years measured, and the study points.
• Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.
• Manufacture by Region: This Global Animal Health report offers data on imports and exports, sales, production and key companies in all studied regional markets.

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