Global Animal Health Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
8 Jun, 2023
The global animal health market size is expected to grow from $46.95 billion in 2022 to $50.99 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global animal health market size is expected to reach $70.17 billion in 2027 at a CAGR of 8.31%.
Global Animal Health Market Key Driver
The rising prevalence of zoonotic illnesses will drive the animal health sector ahead. Zoonotic diseases are infectious diseases that can be passed from one animal species to another or from humans to animals. Animal health monitoring and protection utilising various ways aids in the control of zoonosis and can protect public health.
Get a sample of the global animal health market reportGlobal Animal Health Market Segments
The global animal health market is segmented:
1) By Product: Vaccines, Pharmaceuticals, Medicinal Feed Additives, Diagnostics , Equipment And Disposables, Other Products
2) By Animal Type: Commercial, Companion
3) By Route Of Administration: Oral, Parenteral, Topical
4) By End-User: Veterinary Hospitals And Clinics, Animal Care And Rehabilitation Centers, Diagnostic Centers
5) By Geography: The regions covered in the animal health market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global animal health market.
Major Animal Health Industry Players
Elanco Animal Health Incorporated, Merck Animal Health, Zoetis Inc., Boehringer Ingelheim International GmbH, Ceva Sante Animale, Heska Corporation, Vetoquinol SA, Virbac, Bayer AG, Novartis , Biogenesis Bago, Intervet International BV, IDEXX Laboratories Inc., Hester Biosciences Ltd., Intas Pharmaceutucals Ltd.
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Animal Health Market Overview
Animal health is defined as a term that covers animal diseases and the relationship between animal welfare, environment protection, human health, and food safety. Animal health are used for sustaining the healthy development of animals.
Animal Health Global Market Report 2023 provides data on the global animal health market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The animal health market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.