The latest report by IMARC Group, titled “Animal Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global animal health market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global animal health market reached a value of US$ 34.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 43.7 Billion by 2027, exhibiting at a CAGR of 3.6% during 2022-2027. Animal health refers to taking proper care of animals to prevent them from contracting various diseases. It comprises of numerous services and items, including antibiotics, growth promoters, vaccines, parasiticides, feed additives, antimicrobials, etc. Animal health products are used to cater to the well-being of food-producing and companion animals. They also ensure a safe food supply chain by reducing the spread of zoonotic diseases. As a result, pet and livestock owners across the globe are spending extensively on animal health products with the intention of keeping their animals healthy and productive.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Market Trends:
The escalating demand for protein-rich food items and the growing incidences of food-borne diseases are among the primary factors propelling the animal health market. Besides this, continuous technological advancements in veterinary healthcare, including the development of vaccine banks and efficient information management systems, are also augmenting the market growth. Furthermore, the launch of various initiatives by government bodies and the introduction of numerous animal vaccination programs to optimize the veterinary sector are acting as significant growth-inducing factors. In addition to this, the expanding production of animal-based food products and their easy availability within affordable price ranges are positively influencing the global market. Moreover, the emergence of new zoonotic disease variants and the rising concerns among livestock owners regarding the same are expected to stimulate the animal health market in the coming years.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Bayer
- Elanco
- Merck
- Merial
- Zoetis Inc.
- Biogenesis Bago
- Boehringer Ingelheim
- Ceva Sante Animale
- Heska
- Neogen
- Novartis
- Thermo Fisher Scientific
- Vetoquinol
- Virbac
Breakup by Animal Type:
- Commercial Animals
- Companion Animals
Breakup by Product Type:
- Pharmaceuticals
- Biologicals
- Medicinal Feed Additives
- Diagnostics
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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