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Animal Health Market Size to Hit USD 67.56 Billion with 6.3% CAGR by 2026: Increasing Incidences of Zoonotic Diseases Worldwide will Drive Market, says Fortune Business Insights™

Top Players Covered in the Animal Health Market Research Report are Emergent BioSolutions, Inc., Boehringer Ingelheim International GmbH, Novartis AG, Virbac, Intervet Inc., Bayer AG, Zoetis, Ceva, Merck & Co., Inc., IDEXX Laboratories, Inc., CSL Limited, Elanco and other key market players

/EIN News/ -- Pune, India, Feb. 23, 2021 (GLOBE NEWSWIRE) -- The global animal health market size is anticipated to reach USD 67.56 billion by 2026 owing to the increasing number of animal health issues worldwide. Animals have always been of immense help to man either as companions or as livestock. With time, man starting adopting animals and keeping them as pets. Animals, alike humans, are susceptible to infections and diseases and require medical aid. As per a recently published report by Fortune Business insights™ titled, “Animal Health Market Size, Share and Global Trend By Product (Drugs, Vaccines, Feed, and Diagnostics), By Animal (Livestock Animals and Companion Animals), By End User (Veterinary Hospitals & Clinics, Animal Care & Rehabilitation Centers, Diagnostic Centers, and Others) and Geography Forecast till 2026” the market size was USD 41.50 billion in 2018 and is anticipated to rise at a CAGR of 6.3%.


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Key Industry Development of the Animal Healthcare Market Include:

May 2019 – The Food and Drug Administration permitted a regulatory approval for OxyMed LA product offerings to Bimeda, Inc. The product under this offers treatment of shipping fever complex and pneumonia for cattle, along with bacteria enteritis.

Objectives of the Report

The report on the veterinary healthcare market is based on qualitative and quantitative analysis of factors driving, repelling, and challenging the market. It also provides a well-presented segmentation of the market based on factors such as product, animal, end user, and region. Additionally, the report offers insights about key industry developments and recent innovations in the market with the list of market names and the blueprints chalked out by them to stay ahead of the market competition. Furthermore, the report lists the current animal healthcare market trends and opportunities and is available for sale on the company website.


For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/animal-health-market-102371


Increasing Number of Pet Owners and Emphasis on Animal Health to Propel Growth

The increasing pet adoption is a major factor propelling animal health market growth. Besides this, analysts at Fortune Business Insights™ say, “the rising prevalence of diseases among animals, especially zoonotic diseases, is likely to promote the animal health market growth during the forecast period.” Zoonotic diseases can be transmitted from animals to humans; a few of which include bubonic plague, salmonellosis, anthrax, rabies, and West Nile virus. Besides this, the rise in the number of animal healthcare clinics worldwide will also drive the market.

Presence of Advanced Teams for Research and Development Activities Will Aid Growth of the Market in North America

Geographically, the global animal health market is categorized into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. These regions are further categorized into nations. Among these, North America held the largest veterinary healthcare market share and generated a revenue of USD 14.12 billion in 2018.

This is attributable to the presence of numerous animal health centers and technologically advanced team for research and development of novel therapeutics. Besides this, the rise in the number of pet owners and their rising concern for maintaining the health of their pets will help in the expansion of the market.


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Launch of Innovative Products to Intensify Market Competition

Major veterinary healthcare market manufacturers are focusing on the development of novel therapeutics for animal health disorders. Owing to the aforementioned factor, players are investing in research and development of medicated animal feed, vaccines, novel diagnostic tests, and drugs.

The launch of new animal health service products such as the ones mentioned above will help players compete for the top position in the market competition. Besides this strategy, vendors are also investing in business expansion across various regions to strengthen their position across all geographies.


MajorCompanies in Market are as follows:

  • Emergent BioSolutions, Inc.
  • Boehringer Ingelheim International GmbH
  • Novartis AG
  • Virbac
  • Intervet Inc.
  • Bayer AG
  • Zoetis
  • Ceva
  • Merck & Co., Inc.
  • IDEXX Laboratories, Inc.
  • CSL Limited
  • Elanco


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Table of content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Recent Industry Developments Such as Mergers & Acquisitions
    • Prevalence of Key Veterinary Diseases, in Major Countries
    • Pet Ownership Statistics, in Key Countries
    • Overview of Pet Insurance, in Key Countries
    • Technological Advancements in Veterinary Care products
    • Key Industry Trends
  • Global Animal Health Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Drugs
        • Anti-Infectives
        • Anti-Inflammatory
        • Parasiticides
        • Others
      • Vaccines
      • Feed
      • Diagnostics
        • Instruments
        • Reagents & Consumables
    • Market Analysis, Insights and Forecast – By Animal
      • Livestock Animals
      • Companion Animals
    • Market Analysis, Insights and Forecast – By End User
      • Veterinary Hospitals & Clinics
      • Animal Care & Rehabilitation Centers
      • Diagnostic Centers
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
  • North America Animal Health Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Product
      • Drugs
        • Anti-Infectives
        • Anti-Inflammatory
        • Parasiticides
        • Others
      • Vaccines
      • Feed
      • Diagnostics
        • Instruments
        • Reagents & Consumables
    • Market Analysis – By Animal
      • Livestock Animals
      • Companion Animals
    • Market Analysis – By End User
      • Veterinary Hospitals & Clinics
      • Animal Care & Rehabilitation Centers
      • Diagnostic Centers
      • Others
    • Market Analysis – By Country
      • U.S.
      • Canada
  • Europe Animal Health Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Product
      • Drugs
        • Anti-Infectives
        • Anti-Inflammatory
        • Parasiticides
        • Others
      • Vaccines
      • Feed
      • Diagnostics
        • Instruments
        • Reagents & Consumables
    • Market Analysis – By Animal
      • Livestock Animals
      • Companion Animals
    • Market Analysis – By End User
      • Veterinary Hospitals & Clinics
      • Animal Care & Rehabilitation Centers
      • Diagnostic Centers
      • Others
    • Market Analysis – By Country/Sub-region
      • U.K.
      • Germany
      • France
      • Spain
      • Italy
      • Scandinavia
      • Rest of Europe


TOC Continued…..


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