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Animal Healthcare Market Segmentation By Product/Drug Type ( Anti-Infective Agents, Anti-Inflammatory Agents, Paraciticides, Vaccines, Hormones & Substitutes); By Animal Type (Companion Animals and Farm Animals); By Route of Administration type (Oral, Parenteral, Topical); By Distribution Channel type (Veterinary Hospitals, Veterinary Clinics, Pharmacies & Drug Stores and Online Pharmacies) - Global Demand Analysis & Opportunity Outlook 2027

Published On : October, 2018 REP-ID-1225 Category: Healthcare

Product Overview

Animal healthcare is an act of protecting animals from diseases and providing them required veterinary services in order to increase their yield and lifespan and yield. The animal healthcare market is anticipated to show significant growth over the forecast period on the account of the rising incidents of animal diseases and also expansion of industries that requires animal food preservatives, vaccines and also hygiene management products.

Market Size and Forecast

The global animal health market size is expected to value at 8 Billion by 2016. It is anticipated to grow at a CAGR of 12.0% during the forecast period. Increasing incidence of zoonotic disease and also food borne diseases globally are the major key trends driving market growth. The increasing animal disease incidences are encouraging companies to develop advanced vaccines used for curing animals. The companies are continuously expanding in order to regulate pathogen contamination risks and also food-borne diseases in order to fuel the animal healthcare market globally.

The animal healthcare market can be segmented on the basis of product, animal type, route of administration and distribution channel.  The drug type segment consists of anti-inflammatory agents, hormones vaccines, anti-infective agents paraciticides and substitutes. The drug type segment is anticipated to exhibit robust growth over the forecast period   owing to the   rise in the number of animal disease. The animal type segment consists of companion animals and farm animals. Companion animal is anticipated to dominate the global animal healthcare market .This is attributed to the rising zoonotic diseases   and increasing need for animal immunization globally. The administration route segment can be sub-segmented into topical, oral, parenteral, and others. On the basis distribution channel animal healthcare market is segmented into veterinary clinics, veterinary hospitals, pharmacies and drug stores, and online pharmacies. The online stores and veterinary market is expected to increase owing to the consumer preference for using e- commerce worldwide.

By region, global animal healthcare market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America is the leading region in the global animal healthcare market. This is attributed to various factors such as increasing animal population and growing demand for protein rich diet.

Europe is also projected to be the second leading region in the animal healthcare market which consists of approximately 29.5% of the market share during the forecast period. Companies operating in the animal healthcare market are continuously investing on research and development in order to upgrade technology    which provides better solutions for the animal healthcare. Asia-Pacific is anticipated to witness healthy growth over the forecast period   owing to the factors such as rising incidences of animal diseases, government regulations supporting the animal healthcare market

Market Segmentation

Our in-depth analysis segmented the Global animal healthcare market in the following segments:

By Product/Drug Type

  • Anti-Infective Agents
  • Antibiotics and Antimicrobial
  • Antifungal
  • Antiviral
  • Anti-Inflammatory Agents
  • paraciticides
  • Ecto-Parasiticides
  • Endo-Parasiticides
  • Endectocides
  • Vaccines
  • Hormones & Substitutes

By Animal Type

  • Companion Animals
  • Farm Animals

By Route of Administration

  • Oral
  • Parenteral
  • Topical

By Distribution Channel type

  • Veterinary Hospitals
  • Veterinary Clinics
  • Pharmacies & Drug Stores
  • Online Pharmacies

By Regional

Global Animal Healthcare Market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Turkey Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, Israel, North Africa, South Africa, Rest of Middle East) Market size, Y-O-Y growth & Opportunity Analysis.

Animal healthcare market share

Growth Drivers and Challenges

The rapid increase in the pet adoption coupled with increasing nuclear families across the world is driving the pet ownership trend .This trend is anticipated to drive the global animal healthcare market over the forecast period. The other growth factor is high internet connectivity in various regions of the world promote sales through e-commerce websites, making it an effective and efficient distribution channel. Moreover, the rapid urbanization by the developing economies is expected to boost the global animal healthcare market. The major challenge in the global animal healthcare market is the rise in price of the healthcare product and   also growing cost of animal testing.

KEY PLAYERS

  • Bayer Healthcare AG
  • Boehringer Ingelheim GmbH
  • Cargill Inc.
  • Ceva Sante Animale
  • Eli Lilly and Company (Elanco/Novartis)
  • Evonik Industries
  • Merck & Co. Inc. (Intervet)
  • Nutreco N.V.
  • Sanofi S.A. (MERIAL Limited)
  • Vetoquinol SA
  • Virbac SA.
  • Zoetis Inc. (Pfizer)

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