Animal Health Market Size is Predicted to Grow Exponentially Between 2022 and 2030
- jigar dave
- Jan 9, 2023
- 3 min read
Animal Health Market Analysis Overview:
In a recent research report by Market Research Community, the Animal Health Market is expected to surpass USD 88.31 billion by the year 2030, from USD 38.70 billion in 2021.
Animal health refers to the overall well-being of animals. This includes physical, mental, and social health, as well as the prevention and treatment of disease. Animal health is important because animals play a variety of roles in our lives, including as pets, service animals, farm animals, and wildlife. Maintaining the health of these animals can have a positive impact on human health, the environment, and the economy. There are many factors that can impact animal health, including genetics, diet, exercise, and exposure to parasites and diseases. Proper animal care and management, including vaccination and preventative measures, can help to maintain the health of animals.
The study is consolidated into major segments and further into sub-segments, such as by type (Production Animal, Companion Animal), by Product (Vaccine, Pharmaceuticals, Medicinal Feed Additives, Diagnostics, Equipment & Disposables) by Distribution Channel (Retail, E-commerce, Veterinary Hospitals & Clinics) by end use (Reference Laboratories, Point-of-care Testing/In-house Testing, Veterinary Hospitals & Clinics, Others) to forecast the market size by value; considering 2021 as the base year.
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The factor contributing to the growth of the market is an increase in the geriatric population and the demand for immunity booster products. Further, increasing investments by the key players in the region are expected to fuel the growth of the Animal Health Market.
Top Key Players of the Animal Health Market:
The report includes a regional analysis and country analysis with the latest trends, along with the major key players including DRE Veterinary, Mars Inc., Virbac, Televet, Phibro Animal Health Corporation, B.Braun Vet Care, Dechra Pharmaceuticals PLC, Bimeda, Inc., Midmark Corporation, Thermo Fisher Scientific, Inc., IDVet, Merck Animal Health, Ceva Sante Animale, Vetoquinol S.A., Zoetis, Boehringer Ingelheim GmbH, Elanco, IDEXX, Heska Corporation, Covetrus.
Type Covered in This Report Are:
· Production Animal
o Poultry
o Swine
o Cattle
o Sheep & Goats
o Fish
· Companion Animal
o Dogs
o Cats
o Horses
o Others
On the Basis of Product · Vaccines
o Live Attenuated Vaccines
o DNA Vaccines
o Recombinant Vaccines
o Inactivated Vaccines
o Others
· Pharmaceuticals
o Parasiticides
o Anti-infective
o Anti-inflammatory
o Analgesics
o Others
· Medicinal Feed Additives
· Diagnostics
o Instruments
o Consumables
· Equipment & Disposables
o Critical Care Consumables
o Anesthesia Equipment
o Fluid Management Equipment
o Temperature Management Equipment
o Rescue & Resuscitation Equipment
o Research Equipment
o Patient Monitoring Equipment
· Others
o Veterinary Telehealth
o Veterinary Software
o Livestock Monitoring
By Distribution Channel
Retail
E-commerce
Veterinary Hospitals & Clinics
By End User:
Reference Laboratories
Point-of-care Testing/In-house Testing
Veterinary Hospitals & Clinics
Others
The Animal Health market growth is projected at a significant pace reaching a CAGR of approximately 9.6 %, over the forecast period of 2022–2030, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
Regional Analysis: North America– (U.S., Canada, Mexico) Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
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