Huge demand of Animal Healthcare Market 2023 | Industry Mergers and Acquisitions, Expansion Plans and Forecasts Research – Zoetis, Boehringer Ingelheim, Merck Animal Health

Animal Healthcare Market is an intelligence report undertaken with meticulous efforts to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share, and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities.

Looking forward, Market intelligence data Group expects the market to grow at a CAGR of 4.6% during 2023-2029.

To know about the Research Methodology :- Request Free Sample Report

*If you need anything more than these then let us know and we will prepare the report according to your requirement…!

The scope of this research report spans from the broad outlines of the Animal Healthcare Update market to delicate structures, classifications, and applications. This research report also provides a clear picture of the global market by presenting data through effective information graphics. It also provides a detailed list of factors affecting the growth of the market.

The major key players profiled in the report are:

Zoetis, Boehringer Ingelheim, Merck Animal Health, Elanco, Bayer Animal Health, Ceva Animal Health, Virbac, Dechra, Phibro, Vetoquinol, Ouro Fino Saude and others.

Recent Developments:

  • Merck Animal Health bought Poultry Sense Limited in February 2021 boosting its poultry product range.
  • Merck Animal Health increased its animal vaccine production capacity by USD 100 million at its Kansas manufacturing facility in July 2020.
  • Fish Vet Group was bought by Zoetis in July 2020, a firm that develops and commercializes fish vaccines as well as providing vaccination and diagnostic services for aquaculture. As a result of this acquisition, Zoetis has expanded its regional presence and improved its diagnostics and testing capabilities in important aquaculture markets throughout the world.

(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)

segmentation by type:

Pharmaceuticals

vaccines

In 2023, the pharmaceutical segment accounted for a market share of 34%. On the basis of continuing improvements in veterinary pharmaceuticals, it is expected to maintain its dominant position during the projection period. The anti-inflammatory medications, antibiotics, parasiticides, and other pharmaceuticals are among the most common.

The veterinary diagnostics segment, on the other hand, is predicted to develop at the quickest rate in the future years. The expanding number of veterinary practitioners and their incomes in industrialized nations, rising animal health expenditure, and increased zoonotic disease incidence are all contributing to segment expansion.

Segmentation by end user:

Companion Animal

Farm Animal

In 2023, the veterinary hospitals and clinics segment accounted for revenue share of around 73.5%. The segment’s leading market share is due to a variety of applications including clinical pathology, toxicological tests, and therapy. In veterinary hospitals and clinics, the provision of a wide range of therapeutic and diagnostic solutions is a high impact rendering growth driver for this industry.

The point of care testing/in-house testing segment, on the other hand, is predicted to develop at the quickest rate in the future years. The climatic change and globalization are predicted to increase the frequency of zoonotic illnesses, which will boost demand for diagnostic procedures which will drive the point of care testing/in-house testing segment in the next years.

Regional Analysis For Animal Healthcare Market:

The Animal Healthcare Market research report details the ongoing market trends, development overview and some research methodologies. It shows key factors that directly manipulate the market, such as production strategies, development platforms, and product portfolios. According to our researchers, even minor changes within product profiles can lead to major disruptions to the above factors.

Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
NorthAmerica (US, Canada, Mexico)
Middle East/Africa (Saudi Arabia, UAE ) , Egypt, Nigeria, South Africa)

Europe animal healthcare market is expected to be valued at more than USD 64.5 billion by 2032. This is attributed to several factors, including the surge in animal care expenditure, the rising prevalence of zoonoses & infectious veterinary diseases, and expanding pet population. The introduction of favorable laws to support animal health will also augment the usage of animal healthcare products in Europe. Moreover, the surge in pet adoption for companionship is discouraging owners to seek effective veterinary care services. These factors, alongside the robust sales of medicated feed additives, may therefore accelerate regional market statistics.

North America region accounted for revenue share of 30% in 2023. This is attributed to a wide range of concrete initiatives taken by government animal welfare organizations that are continually trying to enhance animal health. In addition, technological advances, an increase in the number of pet owners, and an increase in the frequency of zoonotic diseases are likely to drive the animal healthcare market expansion in this region.

Asia-Pacific, on the other hand, is expected to develop at the fastest rate during the forecast period. This region’s rapid growth is thought to be the result of constant research and development investments by major companies in the animal healthcare market as well as their efforts to sell branded and generic treatments at affordable rates.

To know about the assumptions considered for the study, download the pdf brochure

Highlights of the Animal Healthcare Market Report:

– A complete backdrop analysis, which includes an assessment of the parent market

– Important changes in Animal Healthcare Update market dynamics

– Market segmentation up to the second or third level

– Historical, current, and projected size of the market from the standpoint of both value and volume

– Reporting and evaluation of recent industry developments

– Market shares and strategies of key players

– Emerging niche segments and regional markets

– An objective assessment of the trajectory of the market

– Recommendations to companies for strengthening their foothold in the market

Recommendations to companies to strengthen their foothold in the market matter

What are the market factors that are explained in the Animal Healthcare Market report?

– Key Strategic Developments: Strategic developments of the Animal Healthcare Update market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.

– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.

– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Services available for reporting:

25% free customization.

  1. You can add 5 countries according to your choice.
  2. You can select 5 companies to add.
  3. Free customization for up to 40 hours.
  4. After-sales support for one year from the date of delivery.

Contact Us:

Irfan Tamboli (Head of Sales) – Market Intelligence Data

Phone: +1704 266 3234

[email protected]

This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]

Comments are closed.