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Animal Healthcare Market by Product, Animal Type, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 166
  • SKU: IRTNTR40456
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The animal healthcare market is estimated to grow at a CAGR of 4.3% between 2022 and 2027. The size of the market is forecast to increase by USD 9,492.82 million. The growth of the market depends on serval factors, including the increase in animal ownership, a rise in incidences of zoonotic diseases, and the increasing role of organic tracing elements for improving livestock production.

This report extensively covers market segmentation by product (pharmaceutical, feed additive, and biologicals), animal type (livestock and companion animals), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Animal Healthcare Market During the Forecast Period?

Animal Healthcare Market Size

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Parent Market Analysis

The reports categorize the global animal healthcare market as a part of the global pharmaceuticals market, within the overall healthcare industry. The parent, the global pharmaceuticals market, covers products and companies engaged in research and development (R&D) or production of generic drugs, non-generic drugs, and veterinary drugs. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Animal Healthcare Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increase in animal ownership is notably driving the market growth, although factors such as contamination of animal source foods may impede the market growth.  Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Animal Healthcare Market Driver

One of the key factors driving the market growth is the increase in animal ownership. The increase in disposable income is one of the reasons for the rise in animal ownership to provide companionship and entertainment. People have started recognizing pets as family members who have diverted the focus toward better health services for these animals. Globally, the owners of pets ensure that the quality of ingredients and manufacturing standards of their companion animal products are as good as products intended for humans.

Participation of animals in sports is also increasing. Racing, one-on-one and team events, hunting, and fighting are some of the sports in which animals are participating increasingly. This has increased the focus on improved animal health care for the optimal performance of animals in sports. Thus, an increase in animal ownership has increased the demand for animal healthcare products and will continue in the future, thus benefiting the market.

Significant Animal Healthcare Market Trend

Rising awareness about disease prevention and pet insurance is the major trend influencing the market growth. Nowadays, preventive healthcare is gaining popularity across regions, and globally. Preventive healthcare includes the periodic examination of animals to determine vaccinations, nutrition, dental care, and other risk factor assessments. Pet owners vaccinate their pets as recommended as there is an increasing awareness about various pet diseases. This increasing awareness is contributing to the early diagnosis of diseases, which helps to enhance clinical outcomes. Pet owners are also opting for healthcare insurance for their pets.

The increase in animal insurance provides the opportunity for better treatment and care for these animals. This fuels the growth of the market as pet owners do not hesitate to buy expensive medicines covered by an insurance policy. Therefore, the rising awareness about disease prevention and pet insurance is expected to drive the growth of the market.

Major Animal Healthcare Market Challenge

Contamination of animal-source foods is one of the key challenges hindering market growth. Eggs, meat, and dietary products are loaded with hormones, bacteria, dioxins, and other toxins that cause serious health problems in humans. Eating flesh contaminated with bacteria cause food poisoning, with symptoms ranging from stomach cramps and diarrhea to organ failure and death. For instance, in the US, around 23% of cases of food poisoning annually are caused by contaminated animal flesh.

Dangerous hormones increase the risk of disrupted development and cancer in humans, in addition to other disorders such as gynecomastia and enlarged male breasts. Thus, these factors will reduce the consumption of animal-source foods, which will discourage animal owners from using feed additives products such as vitamins, minerals, and probiotics in animals used for increasing muscle growth, milk production, and egg production, which hinders the growth of the market.

Key Animal Healthcare Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Animal Healthcare Market Share by Geography

Global Animal Healthcare Market Customer Landscape

Who are the Major Animal Healthcare Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Norbrook Laboratories Ltd. - The company offers solutions for animal healthcare that includes products such as Adrenacaine, Alamycin Aerosol, Betafuse gel, and Bovaclox. Under this segment, the company offers veterinary pharmaceuticals enhancing the health of farm and companion animals.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • APA United Nano Technology Co. Ltd.
  • Avante Health Solutions
  • Bimeda Inc.
  • Biogenesis Bago SA
  • Boehringer Ingelheim International GmbH
  • Cargill Inc.
  • Ceva Sante Animale
  • Chanelle Pharma Group
  • Covetrus Inc.
  • Dechra Pharmaceuticals Plc
  • Elanco Animal Health Inc.
  • Heska Corp.
  • Hester Biosciences Ltd.
  • Merck KGaA
  • Midmark Corp.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Animal Healthcare Market?

The market share growth of the pharmaceutical segment will be significant during the forecast period. The pharmaceuticals segment of the market includes several drugs such as ectoparasiticides, endoparasiticides, and anti-inflammatories, which come in different forms such as sprays, creams/ointments, tablets, and injectables. Animal pharmaceutical products help in the treatment of various diseases such as tick-borne diseases, rabies, and fever, thus, benefitting the market growth.

Animal Healthcare Market Size

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The pharmaceutical segment was valued at 14,942.36 million in 2017 and continued to grow until 2021. The increase in threat from zoonoses will increase the demand for pharmaceutical products in the coming years. Also, food-borne zoonoses, such as salmonellosis, also continue to impact human health. This leads to the high demand for pharmaceutical products for improving animal health, which is benefitting the market and will continue during the forecast period.

Which are the Key Regions for the Animal Healthcare Market?

Animal Healthcare Market Share by Geography

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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The animal healthcare market is growing in North America due to the abundant pet humanization because of increasing disposable incomes. Cats and dogs are considered to be an integral part of the family. Around 84 million households own a pet in the US. Hence, like humans, these animals also fall sick and require treatment for conditions such as otitis externa, diabetes mellitus, and cardiovascular diseases with the help of animal healthcare products and, thus, benefit the market. Also, the trend of pet keeping is likely to continue during the forecast period resulting in rising demand for various pet animal healthcare products.

COVID-19 affected all countries in North America, especially the US. It negatively impacted the market in North America. However, the demand for animal healthcare monitoring equipment rebounded as manufacturing activities were reopened owing to COVID-19 vaccination drives. Also, the vendors operating in the market are investing to gain a competitive advantage. For instance, in July 2022, Dechra raised $218.75 million to acquire Piedmont Animal Health. These factors are anticipated to drive the growth of the regional market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Pharmaceutical, Feed additive, and Biologicals), Animal Type (Livestock and Companion animals), and Geography (North America, Europe, Asia, and Rest of World (ROW)).

  • Product Outlook (USD Million, 2017 - 2027)
    • Pharmaceutical
    • Feed additive
    • Biologicals
  • Animal Type Outlook (USD Million, 2017 - 2027)
    • Livestock
    • Companion animals
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia
      • China
      • India
    • Rest of World (ROW)
      • Brazil
      • Argentina
      • Rest of the Middle East & Africa

Animal Healthcare Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.3%

Market growth 2023-2027

USD 9,492.82 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.1

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 40%

Key countries

US, Germany, UK, France, and China

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

APA United Nano Technology Co. Ltd., Avante Health Solutions, Bimeda Inc., Biogenesis Bago SA, Boehringer Ingelheim International GmbH, Cargill Inc., Ceva Sante Animale, Chanelle Pharma Group, Covetrus Inc., Dechra Pharmaceuticals Plc, Elanco Animal Health Inc., Heska Corp., Hester Biosciences Ltd., Merck KGaA, Midmark Corp., Norbrook Laboratories Ltd., Phibro Animal Health Corp., SeQuent, Virbac Group, and Zoetis Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Animal Healthcare Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the animal healthcare market between 2023 and 2027
  • Precise estimation of the animal healthcare market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, Asia, and Rest of World (ROW)
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of animal healthcare market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Animal Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global animal healthcare market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global animal healthcare market 2017 - 2021 ($ million)
    • 4.2 By Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – By Product Segment 2017 - 2021 ($ million)
    • 4.3 Animal type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Animal type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Pharmaceutical - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Pharmaceutical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Pharmaceutical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Pharmaceutical - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Pharmaceutical - Year-over-year growth 2022-2027 (%)
    • 6.4 Feed additive - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Feed additive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Feed additive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Feed additive - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Feed additive - Year-over-year growth 2022-2027 (%)
    • 6.5 Biologicals - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Biologicals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Biologicals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Biologicals - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Biologicals - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ million)

    7 Market Segmentation by Animal Type

    • 7.1 Market segments
      • Exhibit 47: Chart on Animal Type - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Animal Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Animal Type
      • Exhibit 49: Chart on Comparison by Animal Type
      • Exhibit 50: Data Table on Comparison by Animal Type
    • 7.3 Livestock - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Livestock - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Livestock - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Livestock - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Livestock - Year-over-year growth 2022-2027 (%)
    • 7.4 Companion animals - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Companion animals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Companion animals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Companion animals - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Companion animals - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Animal Type
      • Exhibit 59: Market opportunity by Animal Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 Asia - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • 9.7 US - Market size and forecast 2022-2027
      • Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.8 Germany - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.9 UK - Market size and forecast 2022-2027
      • Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.10 France - Market size and forecast 2022-2027
      • Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.11 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 APA United Nano Technology Co. Ltd.
              • Exhibit 108: APA United Nano Technology Co. Ltd. - Overview
              • Exhibit 109: APA United Nano Technology Co. Ltd. - Product / Service
              • Exhibit 110: APA United Nano Technology Co. Ltd. - Key offerings
            • 12.4 Biogenesis Bago SA
              • Exhibit 111: Biogenesis Bago SA - Overview
              • Exhibit 112: Biogenesis Bago SA - Product / Service
              • Exhibit 113: Biogenesis Bago SA - Key offerings
            • 12.5 Boehringer Ingelheim International GmbH
              • Exhibit 114: Boehringer Ingelheim International GmbH - Overview
              • Exhibit 115: Boehringer Ingelheim International GmbH - Business segments
              • Exhibit 116: Boehringer Ingelheim International GmbH - Key news
              • Exhibit 117: Boehringer Ingelheim International GmbH - Key offerings
              • Exhibit 118: Boehringer Ingelheim International GmbH - Segment focus
            • 12.6 Cargill Inc.
              • Exhibit 119: Cargill Inc. - Overview
              • Exhibit 120: Cargill Inc. - Product / Service
              • Exhibit 121: Cargill Inc. - Key news
              • Exhibit 122: Cargill Inc. - Key offerings
            • 12.7 Ceva Sante Animale
              • Exhibit 123: Ceva Sante Animale - Overview
              • Exhibit 124: Ceva Sante Animale - Product / Service
              • Exhibit 125: Ceva Sante Animale - Key offerings
            • 12.8 Chanelle Pharma Group
              • Exhibit 126: Chanelle Pharma Group - Overview
              • Exhibit 127: Chanelle Pharma Group - Product / Service
              • Exhibit 128: Chanelle Pharma Group - Key offerings
            • 12.9 Dechra Pharmaceuticals Plc
              • Exhibit 129: Dechra Pharmaceuticals Plc - Overview
              • Exhibit 130: Dechra Pharmaceuticals Plc - Business segments
              • Exhibit 131: Dechra Pharmaceuticals Plc - Key offerings
              • Exhibit 132: Dechra Pharmaceuticals Plc - Segment focus
            • 12.10 Elanco Animal Health Inc.
              • Exhibit 133: Elanco Animal Health Inc. - Overview
              • Exhibit 134: Elanco Animal Health Inc. - Product / Service
              • Exhibit 135: Elanco Animal Health Inc. - Key offerings
            • 12.11 Heska Corp.
              • Exhibit 136: Heska Corp. - Overview
              • Exhibit 137: Heska Corp. - Business segments
              • Exhibit 138: Heska Corp. - Key news
              • Exhibit 139: Heska Corp. - Key offerings
              • Exhibit 140: Heska Corp. - Segment focus
            • 12.12 Hester Biosciences Ltd.
              • Exhibit 141: Hester Biosciences Ltd. - Overview
              • Exhibit 142: Hester Biosciences Ltd. - Business segments
              • Exhibit 143: Hester Biosciences Ltd. - Key offerings
              • Exhibit 144: Hester Biosciences Ltd. - Segment focus
            • 12.13 Merck KGaA
              • Exhibit 145: Merck KGaA - Overview
              • Exhibit 146: Merck KGaA - Business segments
              • Exhibit 147: Merck KGaA - Key news
              • Exhibit 148: Merck KGaA - Key offerings
              • Exhibit 149: Merck KGaA - Segment focus
            • 12.14 Norbrook Laboratories Ltd.
              • Exhibit 150: Norbrook Laboratories Ltd. - Overview
              • Exhibit 151: Norbrook Laboratories Ltd. - Product / Service
              • Exhibit 152: Norbrook Laboratories Ltd. - Key offerings
            • 12.15 Phibro Animal Health Corp.
              • Exhibit 153: Phibro Animal Health Corp. - Overview
              • Exhibit 154: Phibro Animal Health Corp. - Business segments
              • Exhibit 155: Phibro Animal Health Corp. - Key offerings
              • Exhibit 156: Phibro Animal Health Corp. - Segment focus
            • 12.16 Virbac Group
              • Exhibit 157: Virbac Group - Overview
              • Exhibit 158: Virbac Group - Business segments
              • Exhibit 159: Virbac Group - Key news
              • Exhibit 160: Virbac Group - Key offerings
              • Exhibit 161: Virbac Group - Segment focus
            • 12.17 Zoetis Inc.
              • Exhibit 162: Zoetis Inc. - Overview
              • Exhibit 163: Zoetis Inc. - Business segments
              • Exhibit 164: Zoetis Inc. - Key offerings
              • Exhibit 165: Zoetis Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 166: Inclusions checklist
                • Exhibit 167: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 168: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 169: Research methodology
                • Exhibit 170: Validation techniques employed for market sizing
                • Exhibit 171: Information sources
              • 13.5 List of abbreviations
                • Exhibit 172: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Animal Healthcare market growth will increase by $9492.82 million during 2023-2027.
              The animal healthcare market is expected to grow at a CAGR of 4.3% during 2023-2027.
              Technavio has segmented the animal healthcare market by product (Pharmaceutical, Feed additive, and Biologicals) ,animal type (Livestock, Companion animals, APAC, and South America) , and geography (North America, Europe, Asia, and Rest of World (ROW)).
              APA United Nano Technology Co. Ltd., Avante Health Solutions, Bimeda Inc., Biogenesis Bago SA, Boehringer Ingelheim International GmbH, Cargill Inc., Ceva Sante Animale, Chanelle Pharma Group, Covetrus Inc., Dechra Pharmaceuticals Plc, Elanco Animal Health Inc., Heska Corp., Hester Biosciences Ltd., Merck KGaA, Midmark Corp., Norbrook Laboratories Ltd., Phibro Animal Health Corp., SeQuent, Virbac Group, Zoetis Inc. are a few of the key vendors in the animal healthcare market.
              North America will register the highest growth rate of 39.99% among the other regions. Therefore, the animal healthcare market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the animal healthcare market growth are:
              • Increase in animal ownership
              • Rising awareness about disease prevention and pet insurance
              The animal healthcare market vendors should focus on grabbing business opportunities from the pharmaceutical segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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