Pune, India, November 15, 2021 (GLOBE NEWSWIRE) – According to MarketStudyReport, Worldwide animal health market The share was worth USD 47.21 billion in 2020 and is expected to increase significantly over the period 2021-2026. The increase in the number of pet owners and the increase in demand for animal health products such as food and medicine are the main growth factors of the industry.
The research divides the market into different segments and assesses each separately to determine their contribution to overall growth and assess their potential. Apart from this, PEST analysis and Porter’s five forces analysis are included in the document to aid in the development of effective action plans. The document also includes plenty of information on major organizations, such as product / service offerings, financial data, and recent strategic companies, to help newcomers and other stakeholders make informed decisions.
The upward trend in the number of nuclear families around the world has boosted pet ownership. This growing human-animal bond is forcing owners to spend more on their pets.
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Growing concerns about several animal diseases have led to investments in vaccination, disease diagnosis and the emphasis on a balanced diet. In addition, the veterinary services contribute to the prevention and treatment of diseases and conditions that lead to increased production of food of animal origin and substantial price reductions, allowing easy access to nutritious food.
The global expansion of the animal health industry is also due to the increasing prevalence of animal diseases and the booming animal population. Every year, new animal diseases emerge, offering pharmaceutical companies the opportunity to introduce animal health solutions.
Additionally, infectious disease epidemics are on the rise, as are technological improvements and increased investment by large companies, all of which are propelling the overall market growth.
Impact of COVID-19
The cattle sector, especially the dairy and meat industries, and related issues, have been negatively impacted by the lockdown induced by the COVID-19 pandemic and other restrictive measures. The pandemic has caused disruptions in the meat trade and changes in eating habits due to concerns about food safety and quality.
Market segmentation overview
Based on the type of animal, the global animal health market is divided into companion animals and production animals. Based on product type, industry segmentation includes food additives, vaccines, and pharmaceuticals. With respect to end user scope, the market is categorized into point-of-care testing, veterinary hospitals and clinics, and others.
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Summary of the competitive landscape
Regional expansion, mergers and acquisitions and the development of new products are major strategies undertaken by companies. Among the leading companies in the industry are Covetrus Inc., Boehringer Ingelheim, Zoetis Inc, Merck & Co. Inc., Elanco Animal Health Incorporated, and Phibro Animal Health Corporation.
Global Animal Health Market, By Animal Type (Value, USD Billion, 2016-2026)
- Production animals
Global Animal Health Market, by Product Type (Value, USD Billion, 2016-2026)
- Food additives
Global Animal Health Market, By End User Reach (Value, USD Billion, 2016-2026)
- Point-of-care testing
- Hospitals and veterinary clinics
Regional Bifurcation of Global Animal Health Market (Value, USD Billion, 2016-2026)
- Great Britain
- The rest of europe
- South Korea
- Rest of Asia-Pacific
Rest of the world
Major Players in Global Animal Health Market (Value, USD Billion, 2016-2026)
- Phibro Animal Health Society
- VÃ©toquinol Mondial
- Ceva Animal Health
- IDEXX Laboratories Inc.
- Virbac SA
- Elanco Animal Health Incorporated
- Covetrus Inc.
- Boehringer Ingelheim
- Merck & Co. Inc.
- Zoetis Inc.
1. Scope and methodology of the report
1.1 Scope of the report
1.2 Research methodology
1.3 Executive summary
2. Strategic recommendations
3. Animal health market: product overview
4. Global Animal Health Market: An Analysis
4.1 Market Size, by Value, Year 2016-2026
4.2 Impact of COVID-19 on the animal health market
4.3 Global Animal Health Market: Growth and Forecast
5. Global Animal Health Market: Segment Analysis by Animal Type
5.1 Global Animal Health Market Segmentation, By Animal Type (Value)
5.2 Competitive Scenario of Animal Health Market: By Animal Type (2020 and 2026)
5.3 By Production Animals – Market Size and Forecast (2016-2026)
5.4 By Pets – Market Size and Forecast (2016-2026)
6. Global Animal Health Market: Segment Analysis by Product Type
6.1 Global Animal Health Market Segmentation, By Product Type (Value)
6.2 Global Animal Health Market Competitive Scenario: By Product Type (2020 and 2026)
6.3 By Pharmaceuticals – Market Size and Forecast (2016-2026)
6.4 By Vaccines Market Size and Forecast (2016-2026)
6.5 By Food Additives Market Size and Forecast (2016-2026)
7. Global Animal Health Market: Segment Analysis by End User
7.1 Global Animal Health Market Segmentation, By End User (Value)
7.2 Global Animal Health Market Competitive Scenario: By End User (2020 and 2026)
7.3 By Veterinary Hospitals and Clinics – Market Size and Forecast (2016-2026)
7.4 By Point-of-Service Testing Market Size and Forecast (2016-2026)
7.5 By Others – Market Size and Forecast (2016-2026)
8. Global animal health market: regional analysis
8.1 Global Animal Health Market Competitive Scenario: By Region (2020 and 2026)
9. North American Animal Health Market: An Analysis (2016-2026)
9.1 North America Animal Health Market by Value: Size and Forecast (2016-2026)
9.2 North America Animal Health Market: Top Companies
9.3 North America Animal Health Market: Segment Analysis
9.4 Market segmentation by animal type (production animals, pets)
9.5 Market segmentation by product type (pharmaceuticals, vaccines, food additives)
10. European animal health market: an analysis (2016-2026)
10.1 European Animal Health Market by Value: Size and Forecast (2016-2026)
10.2 Animal health market in Europe: leading companies
10.3 Europe Animal Health Market: Segment Analysis
10.4 Market segmentation by animal type (production animals, pets)
10.5 Market Segmentation by Product Type (Pharmaceuticals, Vaccines, Food Additives)
11. Asia-Pacific Animal Health Market: An Analysis (2016-2026)
11.1 Asia-Pacific Animal Health Market by Value: Size and Forecast (2016-2026)
11.2 Asia-Pacific Animal Health Market: Leading Companies
11.3 Asia-Pacific Animal Health Market Segment Analysis
11.4 Market segmentation by animal type (production animals, pets)
11.5 Market segmentation by product type (pharmaceuticals, vaccines, food additives)
12. LAMEA animal health market: an analysis (2016-2026)
12.1 LAMEA Animal Health Market in Value: Size and Forecast (2016-2026)
12.2 LAMEA Animal Health Market: Leading Companies
12.3 LAMEA Animal Health Market: Segment Analysis
12.4 Market segmentation by animal type (production animals, pets)
12.5 Market segmentation by product type (pharmaceuticals, vaccines, food additives)
13. Dynamics of the global cement market
13.1 Global Cement Market Drivers
13.2 Global Animal Health Market Restrictions
13.3 Global Animal Health Market Trends
14. Market attractiveness and strategic analysis
14.1 Chart Global Animal Health Market Market Attractiveness – By Animal Type (Year 2026)
14.2 Chart Global Animal Health Market Market Attractiveness – by Product Type (Year 2026)
14.3 Graph of Global Cement Market Market Attractiveness – By End User (Year 2026)
14.4 Graph of Global Cement Market Market Attractiveness – by Region (Year 2026)
15. Competitive landscape
15.1 Market Share of Major Global Companies
15.2 SWOT Analysis – Global Animal Health Market
15.3 Porter Five Force Analysis Global Animal Health Market
15.4 Supply Chain Analysis – Global Animal Health Market
15.5 Recent developments, mergers and acquisitions
16. Company profiles
Animal Health Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share and Forecast, 2021-2027
The animal health market is likely to see significant gains in the years to come due to the increasing adoption of pets, the growing awareness of the benefits of nutritious foods among pet owners, and the growing importance dogs as pets around the world. In addition, increased R&D activities related to vaccine and drug development would also promote business growth. From a regional benchmark, the Asia-Pacific animal health market was valued at over $ 29 billion in 2020 and is expected to grow at a CAGR of 5.7% throughout the timeline of the year. ‘to analyse. Increased investment in research and development of veterinary drugs for various zoonotic and foodborne diseases and improved animal health are expected to fuel the overall regional market.
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