About Animal Health Care
Animals are a source of food, more specifically protein for human diets, income and employment. Animal healthcare has broad implications. Augmented livestock production brings risks to public health from greater animal-human contact and zoonotic diseases. The rising concerns related to zoonotic diseases, increasing consumption of milk and meat and rising adoption of companion animals are the significant keys driving the animal health care market growth. However, rising cost and regulations on animal testing is hampering the market
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.6% |
Animal Health Care market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Animal Health Care market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bayer Healthcare AG (Germany), Boehringer Ingelheim GmbH (Germany), Cargill Inc. (United States), Ceva Sante Animale (France), Eli Lilly and Company (United States), Evonik Industries (Germany), Merck & Co. Inc. (United States), Nutreco N.V. (Netherlands), Sanofi S.A. (France) and Zoetis Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Virbac SA. (France), Vetoquinol SA (France), Phirbo Animal Health (United States) and Hester Biosciences Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Animal Health Care market by Type (Companion Animals and Farm Animals), Application (Veterinary Hospitals, Veterinary Clinics, Pharmacies & Drug Stores and Online Pharmacies) and Region.
On the basis of Type, Companion Animals are dominating the market in the year 2023 where as Farm Animals stood as second largest market share.
On the basis of application, Veterinary Hospitals segment is dominating the market in the year 2023 where as Pharmacies & Drug Stores segment stood as second largest market .On the basis of geography, the market of Animal Health Care has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel , the sub-segment i.e. Online will boost the Animal Health Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type , the sub-segment i.e. Additive feed will boost the Animal Health Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing adoption of companion animals
Market Growth Drivers:
Rising prevalence of food-borne zoonotic and Increasing consumption of animal-derived products
Challenges:
Lack of awareness in developing economies
Restraints:
Rising cost and regulation on animal testing
Opportunities:
Increasing demand for protein rich diet such as milk, meat and eggs
Market Leaders and their expansionary development strategies
In February 2024, Veeva Systems announced that Boehringer Ingelheim has selected Veeva Vault Clinical and Veeva Vault RIM applications as its technology foundation for clinical and regulatory management in its animal health business unit. By adopting unified applications on a single platform, Boehringer Ingelheim can streamline clinical execution to speed development of new medicines that help animals live healthier and happier lives.
In March 2024, Tata Trusts to launch India’s first state of the art Small Animal Hospital in Mumbai at Mahalaxmi. The hospital is a first of its kind spans over 98000 Sq Ft, across 5 floors with a capacity of over 200 beds. Inspired by Ratan Tata’s vision for a super speciality hospital for pets, the facility will provide round the clock services through pet-sensitised veterinarians, nurses and technicians trained to deliver quality care with a mission to save lives.
The Animal Welfare Act was signed into law in 1966. It is the only Federal law in the United States that regulates the treatment of animals in research, exhibition, transport, and by dealers. Other laws, policies, and guidelines may include additional species coverage or specifications for animal care and use, but all refer to the Animal Welfare Act as the minimum acceptable standard. The Act is enforced by USDA, APHIS, and Animal Care
Key Target Audience
Manufacturers of animal health product, Suppliers of animal health product, Wholesalers, distributers and retailers of animal health product, Animal health care center, Research firms, Organizations and Governmental bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.