Analysts’ Viewpoint on Market Scenario
Telehealth and eHealth apps are paving the way for long-term revenue opportunities for stakeholders in the animal healthcare business post the COVID-19 pandemic. Since market stakeholders are under scrutiny for animal drug testing, they should opt for surveys and data collection from pet and production animal owners to innovate in new drug formulations. Owing to increase in global consumption of meat and milk products, new diseases in animals and their potential transfer to humans via product consumption and companionship are steering growth of the global animal healthcare market. This is evident since according to the European Food Safety Authority (EFSA), several thousand cases of food-borne and zoonotic diseases are reported each year in the European Union.
There are several new diseases that are affecting animals these days. These diseases can either make the animal seriously ill or can even kill them. It is, therefore, necessary for the animals’ owner to have the necessary medications to cure the animals. Moreover, the emergence of such diseases has heightened the need for veterinary clinics to be located close to animal husbandries or farms. This is also a major factor that is boosting the growth of the global animal healthcare market during the years 2021 to 2028.
Veterinarians in the market for animal healthcare have been striving to meet the urgent care needs of companion and production animals during the ongoing COVID-19 pandemic. Since veterinarians are at a high risk of exposure to novel infections, these practitioners are indefinitely postponing elective animal treatment procedures. Such trends are resulting in an impetus to the telehealth and eHealth app sectors. At the same time, participants in the market are ensuring a robust supply of life-saving therapeutics, animal feed additives, and vaccines to prevent interruptions in treatment procedures. Domestic and global companies are in the midst of rapid shifts in supply chain planning, operations, and inventory management to address the impact of the pandemic.
There are several non-government organizations (NGOs) that are actively opposing pharmaceutical companies and research organizations that are using live animals as their test subjects. These organizations are one of the major reasons that are boosting the growth of the global animal healthcare market during the projected period. However, due to these oppositions, pharmaceutical companies are not able to develop drugs that can help the animals to regain their deteriorating health. This might act as a growth-hampering factor for the global animal healthcare business. Nevertheless, companies have started to examine the animals’ health via several surveys and are collecting data from pet owners to innovate new drugs. This data can help the market players to derive effective drugs and therapeutic formulations for the animals. As a result of this development, the global animal healthcare industry is projected to sustain its growth momentum over the assessment period.
Vaccination is the best protection that any animal owner can provide to their pet or production animal. These vaccines improve the immunity of the animal against several diseases. This is the reason that the segment is witnessing massive investments by pharmaceutical companies. The companies are investing a fortune to develop new vaccines that can protect the animals from diseases such as hepatitis, cholera, and other viral & bacterial diseases in the future.
The animal healthcare market is dominated by North America in terms of revenue. The region is witnessing massive growth in the demand for better healthcare services in countries such as the U.S. and Canada. These countries are investing a massive amount in their annual budget to offer better healthcare services in the upcoming years. Due to these reasons, the global market for animal healthcare is expected to be dominated by North America on the regional front throughout the assessment period.
Animal husbandry and agriculture are two of the most important industries influencing the economy of any country. It is, therefore, essential for farmers and industry owners to ensure that their animals are in good health and in good shape. Due to this growing awareness of animal health, the global animal healthcare market is projected to grow substantially in the upcoming years.
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Attribute |
Detail |
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Market Size Value in 2020 |
US$ 34.5 Bn |
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Market Forecast Value in 2028 |
US$ 63.2 Bn |
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Growth Rate (CAGR) |
7.2% |
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Forecast Period |
2021–2028 |
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Quantitative Units |
US$ Bn for Value |
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Market Analysis |
It includes cross-segment analysis at the global as well as regional levels. Moreover, the qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview. |
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Competition Landscape |
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Format |
Example: Electronic (PDF) + Excel |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
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Pricing |
Available upon request |
Animal Healthcare Market – Segmentation
| Product Type |
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| Animal Type |
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| Region |
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The global market for animal healthcare was worth US$ 34.5 Bn and is projected to reach a value of US$ 63.2 Bn by the end of 2028
The global market is anticipated to grow at a CAGR of 7.2% during the forecast period
North America accounted for a major share of the global animal healthcare market
The animal healthcare market is driven by an increase in the animal population of both types: companion and production. Companion animals are those, that people tame or adopt for companionship, house/office guards, and production animals are raised for meat and milk-related products
Key players in the global market for animal healthcare include Zoetis, Inc., Merck & Co., Inc., MERIAL Limited, Bayer AG, Novartis Animal Health, Inc., Virbac SA, Ceva Santé Animale, Boehringer Ingelheim GmbH, Elanco Products Company, and Vétoquinol SA.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Animal Healthcare Market
4. Market Overview
4.1. Introduction
4.1.1. Product Type Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Animal Healthcare Market Analysis and Forecast, 2017–2028
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. Epidemiology: Animal Healthcare Market
5.2. Key Industry Events (mergers, acquisitions, partnerships, etc.)
5.3. Pipeline Analysis
5.4. COVID-19 Impact Analysis
6. Global Animal Healthcare Market Analysis and Forecast, by Product
6.1. Introduction & Definition
6.1.1. Key Findings / Developments
6.2. Global Animal Healthcare Market Value Forecast, by Product, 2017–2028
6.2.1. Pharmaceuticals
6.2.2. Feed Additives
6.2.3. Vaccines
6.3. Global Animal Healthcare Market Attractiveness Analysis, by Product
7. Global Animal Healthcare Market Analysis and Forecast, by Animal Type
7.1. Introduction & Definition
7.1.1. Key Findings / Developments
7.2. Global Animal Healthcare Market Value Forecast, by Animal Type, 2017–2028
7.2.1. Companion Animals
7.2.2. Production Animals
7.3. Global Animal Healthcare Market Attractiveness Analysis, by Animal Type
8. Global Animal Healthcare Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Global Animal Healthcare Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. North America Animal Healthcare Market Attractiveness Analysis, by Region
9. North America Animal Healthcare Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. North America Animal Healthcare Market Value (US$ Mn) Forecast, by Product Type, 2017–2028
9.2.1. Pharmaceuticals
9.2.2. Feed Additives
9.2.3. Vaccines
9.3. North America Animal Healthcare Market Value (US$ Mn) Forecast, by Animal Type, 2017–2028
9.3.1. Companion Animals
9.3.2. Production Animals
9.4. North America Animal Healthcare Market Value (US$ Mn) Forecast, by Country, 2017–2028
9.4.1. U.S.
9.4.2. Canada
9.5. North America Animal Healthcare Market Attractiveness Analysis
9.5.1. By Product Type
9.5.2. By Animal Type
9.5.3. By Country
10. Europe Animal Healthcare Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Europe Animal Healthcare Market Value (US$ Mn) Forecast, by Product Type, 2017–2028
10.2.1. Pharmaceuticals
10.2.2. Feed Additives
10.2.3. Vaccines
10.3. Europe Animal Healthcare Market Value (US$ Mn) Forecast, by Animal Type, 2017–2028
10.3.1. Companion Animals
10.3.2. Production Animals
10.4. Europe Animal Healthcare Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Rest of Europe
10.5. Europe Animal Healthcare Market Attractiveness Analysis
10.5.1. By Product Type
10.5.2. By Animal Type
10.5.3. By Country/Sub-region
11. Asia Pacific Animal Healthcare Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Asia Pacific Animal Healthcare Market Value (US$ Mn) Forecast, by Product Type, 2017–2028
11.2.1. Pharmaceuticals
11.2.2. Feed Additives
11.2.3. Vaccines
11.3. Asia Pacific Animal Healthcare Market Value (US$ Mn) Forecast, by Animal Type, 2017–2028
11.3.1. Companion Animals
11.3.2. Production Animals
11.4. Asia Pacific Animal Healthcare Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Asia Pacific Animal Healthcare Market Attractiveness Analysis
11.5.1. By Product Type
11.5.2. By Animal Type
11.5.3. By Country/Sub-region
12. Latin America Animal Healthcare Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Latin America Animal Healthcare Market Value (US$ Mn) Forecast, by Product Type, 2017–2028
12.2.1. Pharmaceuticals
12.2.2. Feed Additives
12.2.3. Vaccines
12.3. Latin America Animal Healthcare Market Value (US$ Mn) Forecast, by Animal Type, 2017–2028
12.3.1. Companion Animals
12.3.2. Production Animals
12.4. Latin America Animal Healthcare Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America Latin America
12.5. Latin America Animal Healthcare Market Attractiveness Analysis
12.5.1. By Product Type
12.5.2. By Animal Type
12.5.3. By Country/Sub-region
13. Middle East & Africa Animal Healthcare Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Middle East & Africa Animal Healthcare Market Value (US$ Mn) Forecast, by Product Type, 2017–2028
13.2.1. Pharmaceuticals
13.2.2. Feed Additives
13.2.3. Vaccines
13.3. Middle East & Africa Animal Healthcare Market Value (US$ Mn) Forecast, by Animal Type, 2017–2028
13.3.1. Companion Animals
13.3.2. Production Animals
13.4. Middle East & Africa Animal Healthcare Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Middle East & Africa Animal Healthcare Market Attractiveness Analysis
13.5.1. By Product Type
13.5.2. By Animal Type
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player - Competition Matrix (by Tier and Size of companies)
14.2. Market Share / Position Analysis, by Company, 2018
14.3. Competitive Business Strategies
14.4. Company Profiles
14.4.1. Zoetis, Inc.
14.4.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.1.2. Financial Analysis
14.4.1.3. Growth Strategies
14.4.1.4. SWOT Analysis
14.4.2. Merck & Co., Inc.
14.4.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.2.2. Financial Analysis
14.4.2.3. Growth Strategies
14.4.2.4. SWOT Analysis
14.4.3. MERIAL Limited
14.4.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.3.2. Financial Analysis
14.4.3.3. Growth Strategies
14.4.3.4. SWOT Analysis
14.4.4. Bayer AG
14.4.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.4.2. Financial Analysis
14.4.4.3. Growth Strategies
14.4.4.4. SWOT Analysis
14.4.5. Novartis Animal Health Inc.
14.4.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.5.2. Financial Analysis
14.4.5.3. Growth Strategies
14.4.5.4. SWOT Analysis
14.4.6. Virbac SA
14.4.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.6.2. Financial Analysis
14.4.6.3. Growth Strategies
14.4.6.4. SWOT Analysis
14.4.7. Ceva Santé Animale
14.4.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.7.2. Financial Analysis
14.4.7.3. Growth Strategies
14.4.7.4. SWOT Analysis
14.4.8. Boehringer Ingelheim GmbH
14.4.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.8.2. Financial Analysis
14.4.8.3. Growth Strategies
14.4.8.4. SWOT Analysis
14.4.9. Elanco Products Company
14.4.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.9.2. Financial Analysis
14.4.9.3. Growth Strategies
14.4.9.4. SWOT Analysis
14.4.10. Vétoquinol SA
14.4.10.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.10.2. Financial Analysis
14.4.10.3. Growth Strategies
14.4.10.4. SWOT Analysis
List of Table
Table 01: Global Animal Healthcare Market Value (US$ Mn) Forecast, by Product, 2017–2028
Table 02: Global Animal Healthcare Market Value (US$ Mn) Forecast, by Animal Type, 2017–2028
Table 04: Global Animal Healthcare Market Value (US$ Mn) Forecast, by Region, 2017–2028
Table 05: North America Animal Healthcare Market Value (US$ Mn) Forecast, by Product, 2017–2028
Table 06: North America Animal Healthcare Market Value (US$ Mn) Forecast, by Animal Type, 2017–2028
Table 08: North America Animal Healthcare Market Value (US$ Mn) Forecast, by Country, 2017–2028
Table 09: Europe Animal Healthcare Market Value (US$ Mn) Forecast, by Product, 2017–2028
Table 10: Europe Animal Healthcare Market Value (US$ Mn) Forecast, by Animal Type, 2017–2028
Table 11: Europe Animal Healthcare Market Value (US$ Mn) Forecast, by Country, 2017–2028
Table 12: Asia Pacific Animal Healthcare Market Value (US$ Mn) Forecast, by Product, 2017–2028
Table 13: Asia Pacific Animal Healthcare Market Value (US$ Mn) Forecast, by Animal Type, 2017–2028
Table 14: Asia Pacific Animal Healthcare Market Value (US$ Mn) Forecast, by Country, 2017–2028
Table 15: Latin America Animal Healthcare Market Value (US$ Mn) Forecast, by Product, 2017–2028
Table 16: Latin America Animal Healthcare Market Value (US$ Mn) Forecast, by Animal Type, 2017–2028
Table 17: Latin America Animal Healthcare Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
Table 18: Middle East & Africa Animal Healthcare Market Value (US$ Mn) Forecast, by Product, 2017–2028
Table 19: Middle East & Africa Animal Healthcare Market Value (US$ Mn) Forecast, by Animal Type, 2017–2028
Table 20: Middle East & Africa Animal Healthcare Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
List of Figures
Figure 01: Animal Healthcare Market Snapshot
Figure 02: Global Animal Healthcare Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2028
Figure 03: Market Value Share, by Product, 2020
Figure 04: Market Value Share, by Animal Type, 2020
Figure 05: Market Value Share, by Region, 2020
Figure 06: Global Animal Healthcare Market Value Share Analysis, by Product, 2020 and 2028
Figure 07: Global Animal Healthcare Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Pharmaceuticals, 2017–2028
Figure 08: Global Animal Healthcare Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Feed Additives, 2017–2028
Figure 09: Global Animal Healthcare Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Vaccines, 2017–2028
Figure 10: Global Animal Healthcare Market Attractiveness Analysis, by Product
Figure 11: Global Animal Healthcare Market Value Share Analysis, by Animal Type, 2020 and 2028
Figure 12: Global Animal Healthcare Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Companion Animals, 2017–2028
Figure 13: Global Animal Healthcare Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Production Animals, 2017–2028
Figure 14: Global Animal Healthcare Market Attractiveness Analysis, by Animal Type
Figure 15: Global Animal Healthcare Market Value Share Analysis, by Region, 2020 and 2028
Figure 16: Global Animal Healthcare Market Attractiveness Analysis, by Region
Figure 17: North America Animal Healthcare Market Value (US$ Mn) Forecast, 2017–2028
Figure 18: North America Animal Healthcare Market Attractiveness Analysis, by Country
Figure 19: North America Animal Healthcare Market Value Share Analysis, by Product, 2020 and 2028
Figure 20: North America Animal Healthcare Market Value Share Analysis, by Animal Type, 2020 and 2028
Figure 21: North America Animal Healthcare Market Value Share Analysis, by Country, 2020 and 2028
Figure 22: North America Animal Healthcare Market Attractiveness Analysis, by Product
Figure 23: North America Animal Healthcare Market Attractiveness Analysis, by Animal Type
Figure 24: Europe Animal Healthcare Market Value (US$ Mn) Forecast, 2017–2028
Figure 25: Europe Animal Healthcare Market Attractiveness Analysis, by Country
Figure 26: Europe Animal Healthcare Market Value Share Analysis, by Product, 2020 and 2028
Figure 27: Europe Animal Healthcare Market Value Share Analysis, by Animal Type, 2020 and 2028
Figure 28: Europe Animal Healthcare Market Value Share Analysis, by Country, 2020 and 2028
Figure 29: Europe Animal Healthcare Market Attractiveness Analysis, by Product
Figure 30: Europe Animal Healthcare Market Attractiveness Analysis, by Animal Type
Figure 31: Asia Pacific Animal Healthcare Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, 2017– 2028
Figure 32: Asia Pacific Animal Healthcare Market Attractiveness Analysis, by Country 2017–2028
Figure 33: Asia Pacific Animal Healthcare Market Value Share Analysis, by Product, 2020 and 2028
Figure 34: Asia Pacific Animal Healthcare Market Value Share Analysis, by Animal Type, 2020 and 2028
Figure 35: Asia Pacific Animal Healthcare Market Value Share Analysis, by Country, 2020 and 2028
Figure 36: Asia Pacific Animal Healthcare Market Attractiveness Analysis, by Product
Figure 37: Asia Pacific Animal Healthcare Market Attractiveness Analysis, by Animal Type
Figure 38: Latin America Animal Healthcare Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2028
Figure 39: Latin America Animal Healthcare Market Attractiveness Analysis, by Country/Sub-region, 2017–2028
Figure 40: Latin America Animal Healthcare Market Value Share Analysis, by Product, 2020 and 2028
Figure 41: Latin America Animal Healthcare Market Value Share Analysis, by Animal Type, 2020 and 2028
Figure 42: Latin America Animal Healthcare Market Value Share Analysis, by Country/Sub-region, 2020 and 2028
Figure 43: Latin America Animal Healthcare Market Attractiveness Analysis, by Product
Figure 44: Latin America Animal Healthcare Market Attractiveness Analysis, by Animal Type
Figure 45: Middle East & Africa Animal Healthcare Market Value (US$ Mn) Forecast, 2017–2028
Figure 46: Middle East & Africa Animal Healthcare Market Attractiveness Analysis, by Country/Sub-region
Figure 47: Middle East & Africa Animal Healthcare Market Value Share Analysis, by Product, 2020 and 2028
Figure 48: Middle East & Africa Animal Healthcare Market Value Share Analysis, by Animal Type, 2020 and 2028
Figure 49: Middle East & Africa Animal Healthcare Market Value Share Analysis, by Country/Sub-region, 2020 and 2028
Figure 50: Middle East & Africa Animal Healthcare Market Attractiveness Analysis, by Product
Figure 51: Middle East & Africa Animal Healthcare Market Attractiveness Analysis, by Animal Type
Figure 52: Global Animal Healthcare Market Share Analysis, by Company, 2018
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Animal Healthcare Market
