Animal Health Market with Trends, Growth, Scope, Size, Overall Analysis

Posted by Ruchita Roy on November 30th, 2020

The global animal health market is predicted to touch USD 38,500 million at a 5.7% CAGR over the forecast period (2018-2023), states the latest Market Research Future (MRFR) report. Animal health, simply put, is a branch of veterinary science that deals with monitoring and treatment of animal disease. It plays a crucial part in the safety and economy of the food supply of the country.

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Market Segmentation

The MRFR report offers a wide segmental analysis of the animal health market based on distribution channel, route of administration, product, and animal type.

Based on product, the animal health market is segmented into feed additives, vaccines, and pharmaceuticals. The pharmaceuticals segment is again segmented into analgesics, anti-inflammatory, anti-infectives, parasiticides, and others. The vaccines segment is again segmented into inactivated vaccines, recombinant vaccines, DNA vaccines, live attenuated vaccines, and others. Of these, the vaccines segment will dominate the market over the forecast period.

Based on animal type, the animal health market size is segmented into companion animal and farm animal. The farm animal segment is again segmented into sheep and goats, cattle, swine, poultry, and others. The companion animal segment is again segmented into equine, cat, dog, and others. Of these, the companion animal segment will have the largest share in the market over the forecast period.

Based on route of administration, the animal health market is segmented into topical, parenteral, oral, and others.

Based on distribution channel, the animal health market is segmented into retail, e-commerce, hospitals, and clinics, veterinary, and others. Of these, the e-commerce and retail segment will lead the market over the forecast period.

Key Players

Leading players profiled in the animal health market report include Zoeti, Virbac, Vetiquinol SA, Merck Animal Health, Nutreco N.V., Eli Lilly, Elanco, Ceva Sante Animale, Boehringer Ingelheim GmbH, and Bayer AG, among others. Key players have used different strategies to strengthen their position in the market such as product launch and innovations, expansions, partnerships, mergers and acquisitions, research and development activities, and more.

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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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