Axisresearch
- Healthcare
- IMARC GROUP
- 123 pages
- Published: 02-11-2019
The global animal health market was worth more than US$ 44 Billion in 2018. Animals regularly require adequate care from their owners in order to have a good health. As the production of healthy livestock ensures safe food supply and retains the stability of consumer prices, regular monitoring of animal health and averting animal disease outbreaks have become indispensable for every country. As effective control and prevention is necessary for limiting the spread of zoonotic diseases among animals and human beings, the animal health market is gradually gaining traction across the globe. Moreover, pet and livestock owners nowadays are willing to spend on animal healthcare products and services owing to their inflating disposable incomes, growing awareness through print and electronic media, and the emerging trend of pet humanization.
Global Animal Health Market Drivers:
Currently, the animal health industry is flourishing on account of rapid technological advancements and increasing research and development activities in the veterinary pharmaceutical industry. With the help of advanced technological systems, data produced in veterinary clinics can be now uploaded on the internet and shared with other researchers and clinicians. This technology also aids in facilitating real-time analysis of fluctuations in the prevalence of diseases. In order to optimize the veterinary healthcare sector, governments in several developed countries are also undertaking initiatives and implementing animal vaccination programs. On account of these factors, the market value is projected to exceed US$ 58 Billion by 2024, exhibiting a CAGR of around 5% during 2019-2024.
Breakup by Animal Type:
On the basis of animal types, the market has been bifurcated into commercial and companion animals. At present, commercial animals account for the majority of the market share.
Breakup by Product Type:
Based on the product type, the animal health market has been divided into pharmaceuticals, biologicals, medicinal feed additives and diagnostics. Pharmaceuticals currently represent the largest product type.
Regional Insights:
On a geographical front, North America enjoys the leading position in the global animal health market. Other regions include Europe, Asia Pacific, Latin America, and Middle East and Africa.
Competitive Landscape:
The market is highly fragmented in nature with the presence of several small as well as large players who compete in terms of prices and quality. Some of the major players operating in the market include:
Bayer
Elanco
Merck
Merial
Zoetis Inc.
Biogenesis Bago
Boehringer Ingelheim
Ceva Sante Animale
Heska
Neogen
Novartis
Thermo Fisher Scientific
Vetoquinol
Virbac
Key Questions Answered in This Report:
- How has the global animal health market performed so far and how will it perform in the coming years?
- What are the key regions in the global animal health market?
- Which are the popular animal types in the global animal health market?
- What are the key product types in the global animal health market?
- What are the various stages in the value chain of the global animal health market?
- What are the key driving factors and challenges in the global animal health market?
- What is the structure of the global animal health market and who are the key players?
- What is the degree of competition in the global animal health market?
| 1. Preface 2. Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3. Executive Summary 4. Introduction 4.1 Overview 4.2 Key Industry Trends 5. Global Animal Health Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Breakup by Animal Type 5.4 Market Breakup by Product 5.5 Market Breakup by Region 5.6 Market Forecast 6. Market Breakup by Animal Type 6.1 Commercial 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Companion 6.2.1 Market Trends 6.2.3 Market Forecast 7. Market Breakup by Product 7.1 Pharmaceuticals 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Biologicals 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Medicinal Feed Additives 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Diagnostics 7.4.1 Market Trends 7.4.2 Market Forecast 8. Market Breakup by Region 8.1 North America 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Europe 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Asia Pacific 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Middle East and Africa 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Latin America 8.5.1 Market Trends 8.5.2 Market Forecast 9. Global Animal Health Industry: SWOT Analysis 9.1 Overview 9.2 Strengths 9.3 Weaknesses 9.4 Opportunities 9.5 Threats 10. Global Animal Health Industry: Value Chain Analysis 11. Global Animal Health Industry: Porters Five Forces Analysis 11.1 Overview 11.2 Bargaining Power of Buyers 11.3 Bargaining Power of Suppliers 11.4 Degree of Competition 11.5 Threat of New Entrants 11.6 Threat of Substitutes 12. Global Animal Health Industry: Price Analysis 12.1 Price Indicators 12.2 Price Structure 12.3 Margin Analysis 13. Competitive Landscape 13.1 Market Structure 13.2 Key Players 13.3 Profiles of Key Players 13.3.1 Bayer 13.3.2 Elanco 13.3.3 Merck 13.3.4 Merial 13.3.5 Zoetis Inc. 13.3.6 Biogenesis Bago 13.3.7 Boehringer Ingelheim 13.3.8 Ceva Sante Animale 13.3.9 Heska 13.3.10 Neogen 13.3.11 Novartis 13.3.12 Thermo Fisher Scientific 13.3.13 Vetoquinol 13.3.14 Virbac |
Market Breakup by Animal Type
- Commercial
- Companion
Market Breakup by Product
- Pharmaceuticals
- Biologicals
- Medicinal Feed Additives
- Diagnostics
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America