PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1723621
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1723621
Animal Health Market Introduction and Overview
According to SPER market research, 'Animal Health Market Size- By Product, By Animal Type, By Distribution Channel, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Animal Health Market is predicted to reach 174.43 billion by 2034 with a CAGR of 10.74%.
Animal health is animals' overall physical and physiological well-being, including their absence of illnesses, infections, and malnutrition, is referred to as animal health. In order to increase longevity and productivity, it includes veterinarian care, healthy eating and hygiene, vaccinations, and illness control. Economic stability, public health, and food safety are all directly impacted by the health of cattle, companion animals, and wildlife.
Restraints: One of the many challenges facing the animal health industry is the high expense of veterinarian care, which restricts access to high-quality care. Product development and commercial entrance are slowed down by stringent regulatory approvals for new medications and vaccines. Diseases that are developing and emerging necessitate ongoing research, which raises R&D costs. In undeveloped nations, low veterinary infrastructure and little knowledge impede market expansion.
Scope of the Report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Product, By Animal Type, By Distribution Channel, By End User.
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.
Companies Covered Zoetis, Ceva SantA(C) Animale, Merck & Co., Inc., Vetoquinol S.A., Boehringer Ingelheim GmbH, Elanco, Virbac, Mars Inc., Dechra Pharmaceuticals plc, IDEXX Laboratories, Inc.
Animal Health Market Segmentation:
By Product: Based on the Product, Global Animal Health Market is segmented as; Biologics, Pharmaceuticals, Medicinal Feed Additives, Diagnostics, Equipment & Disposables, Others.
By Animal Type: Based on the Animal Type, Global Animal Health Market is segmented as; Production Animals, Companion Animals.
By Distribution Channel: Based on the Distribution Channel, Global Animal Health Market is segmented as; Retail, E-Commerce, Hospital/ Clinic Pharmacy.
By End User: Based on the End User, Global Animal Health Market is segmented as; Veterinary Reference Laboratories, Point-of-care Testing/In-house Testing, Veterinary Hospitals & Clinics, Others.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.