Animal Healthcare Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40456
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The animal healthcare market has the potential to grow by USD 8.02 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.20%.

This animal healthcare market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (pharmaceutical, feed additive, and biologicals) and geography (North America, Europe, Asia, and ROW). The animal healthcare market report also offers information on several market vendors, including C. H. Boehringer Sohn AG and Co. KG, Cadila Healthcare Ltd., Dechra Pharmaceuticals Plc, Elanco Animal Health Inc., Heska Corp., Hester Biosciences Ltd., Merck and Co. Inc., Norbrook Laboratories Ltd., Virbac, and Zoetis Inc. among others.

What will the Animal Healthcare Market Size be in 2021?

Animal-Healthcare-Market-Market-Size-2020-2025

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Animal Healthcare Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increase in animal ownership is notably driving the animal healthcare market growth, although factors such as contamination of animal source foods may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the animal healthcare industry get your FREE report sample now.

  • There has been an increase in animal ownership in the recent past. The increase in disposable income is one of the reasons for the rise in animal ownership to provide companionship and entertainment.
  • 9 in 10 Americans say they consider their pet to be a part of their family. As per the Centers for Disease Control and Prevention (CDC), 40 million households in the US own a cat as a companion animal.
  • 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.
  • The owners are taking care of animals by providing timely pharmaceutical drugs, vaccines, and feed additives, which is driving the animal healthcare market growth.

This animal healthcare market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Animal Healthcare Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • C. H. Boehringer Sohn AG and Co. KG
  • Cadila Healthcare Ltd.
  • Dechra Pharmaceuticals Plc
  • Elanco Animal Health Inc.
  • Heska Corp.
  • Hester Biosciences Ltd.
  • Merck and Co. Inc.
  • Norbrook Laboratories Ltd.
  • Virbac
  • Zoetis Inc.

 

The animal healthcare market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the animal healthcare market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Animal Healthcare Market?

Animal-Healthcare-Market-Market-Share-by-Region-2020-2025

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41% of the market’s growth will originate from North America during the forecast period. The US is the key market for the animal healthcare market in North America. Market growth in this region will be slower than the growth of the market in Asia.

The presence of animal health companies such as Zoetis, which is continuously focused on the development of novel animal healthcare products for enhancing the quality of their life, will facilitate the animal healthcare market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Animal Healthcare Market?

Animal-Healthcare-Market-Market-Share-by-Product-2020-2025

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 Animal feed additives play a progressively important role in animal nutrition as livestock producers pursue new sustainable and natural ways to improve gut health, enhance performance, improve the digestive process, reduce, and replace antibiotics in the feed. These advantages results in the market growth by the feed additive segment, which will continue during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the animal healthcare market size.

 

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive animal healthcare market growth during the next five years
  • Precise estimation of the animal healthcare market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the animal healthcare industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of animal healthcare market vendors

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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
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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
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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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The animal healthcare market growth will increase by $8.02 billion during 2020-2025.
The animal healthcare market is expected to grow at a CAGR of 4.20% during 2020-2025.
Technavio has segmented the animal healthcare market by product (Pharmaceutical, Feed additive, and Biologicals) and geographic (North America, Europe, Asia, and ROW).
C. H. Boehringer Sohn AG and Co. KG, Cadila Healthcare Ltd., Dechra Pharmaceuticals Plc, Elanco Animal Health Inc., Heska Corp., Hester Biosciences Ltd., Merck and Co. Inc., Norbrook Laboratories Ltd., Virbac, Zoetis Inc. are a few of the key vendors in the animal healthcare market.
North America will register the highest growth rate of 40.90% 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
The animal healthcare market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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