About Animal Healthcare
Managing animal health includes the prevention, control and if likely eradication of animal diseases. The aim of handling animal health is to decrease the adverse effects of animal diseases on animal production and welfare, and livestock products, and human health. It avoids occurrences of wide-ranging viruses and managing endemic diseases in cost-effective ways that reduce their impact on production, livelihoods and human health and avoid their spread to areas where they are not endemic.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies are exploring the market in new geographical regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new product launches and many others. The market leading players are exploring new opportunity areas through expansions and acquisitions across the globe to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and German Players will contribute the maximum growth to Global Animal Healthcare 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.
Zoetis (United States), Bayer Animal Health (Germany), Boehringer Ingelheim Animal Health (Germany), Ceva (France), Elanco (United States), Virbac (France), Phirbo Animal Health (United States), Vetoquinol (France), Kyoritsu Seiyaku (Japan), Merck (United States) and Dechra Pharmaceuticals (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hipra (Spain), Nippon Zenyaku Kogyo (Japan), China Animal Husbandry Industry Company (China), Huvepharma (Bulgaria) and Norbrook Laboratories (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Animal Healthcare market by Type (Vaccines, Anti-Bacterial / Antibiotic, Anti-Chronic Respiratory Disease, Anticoccidials, Antihelmintics, Disinfectant, Enzymes, Fly Binder / Control, Gut Health and Other), Application (Cattle, Swine, Poultry, Aquaculture, Sheep and Other) and Region.
On the basis of geography, the market of Animal Healthcare 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Animal Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode of Intake, the sub-segment i.e. Oral will boost the Animal Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in Development of Animal Health Drugs and Growing Prevalence of Infectious and Parasitic Diseases
Market Growth Drivers:
Growing Trend of Adopting Pet Animals and Rising Occurrence of Food Borne and Zoonotic Diseases
Challenges:
Low Out of Pocket Expenditure on Pet Healthcare in Developing Countries
Restraints:
Regulations of Antibiotics and Prohibitive Cost Associated With Animal Tests
Opportunities:
Modern Medicine in Association with Technology for Improving Livestock Production and Growing Demand for Protein Rich Diet and To Preserve the Optimum Health of the Livestock
Market Leaders and their expansionary development strategies
In August 2019 - Zoetis Inc. has announced the completion of the acquisition of Platinum Performance, a privately-held nutrition-focused animal heath company. Together the company will expand on the success of their high-quality, nutritional product formulas for horses, dogs and cats.
In August 2019 - Elanco Animal Health Incorporated has announced the acquisition of Montreal-based Prevtec Microbia Inc. (Prevtec), a biotechnology startup specializing in the development of vaccines that help prevent bacterial diseases in food animals.
Key Target Audience
Service Provider of Animal Healthcare, Veterinary Diagnostic Laboratory Services Providers, Regulatory Bodies 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.