As per TMR, the overall opportunity in the India market for animal health care was US$0.59 bn in 2015. Researchers anticipate this market to rise exponentially at a CAGR of 8.0% during the period from 2016 to 2024 and touch a value of US$1.17 bn by the end of the forecast period. In terms of distribution channels, veterinary clinics have been leading this market and the trend is projected to remain so over the next few years. An exhaustive assessment of the India animal health care market on the basis of the type of animal has been provided in this research study. Livestock and companion animals have been considered as the most prominent segments of this market, based on the animal type. The livestock segment led the overall market in 2015 and is expected to retain its leadership throughout the forecast period. The increasing concerns regarding animal-borne diseases and the subsequent rise in the need for the early diagnosis of diseases and infections in livestock are anticipated to drive the growth of this segment in the years to come.

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“The India market for animal health care is technology driven, thus the increasing adoption of new technologies are expected to create lucrative opportunities for market’s growth over the next few years,” says the author of this study. The increasing usage of technologies, such as needle-free injection systems, spray vaccination, and drinking water application of vaccines, are expected to reflect greatly on the progress of the animal health care market in India in the years to come.

North India, South India, East India, and West India are the four major zones, across which, the market for animal health care has spread in this country. With a share of 37%, South India has dominated the overall market in 2015. Researchers expect this zonal market to be driven by the rising consumption of animal protein and remain on the top over the next few years. The growing trend of keeping companion animals as pets is also propelling the animal health care market in South India.

Andhra Pradesh and Karnataka have emerged as the most prominent local markets for animal health care in South India and are expected to present substantial scope for future growth. The soaring demand for antibiotics, dewormers, analgesic drugs, and other high-quality animal health care products in this zone is projected to create lucrative opportunities for market players over the coming years.

Amongst other zonal markets, North India is anticipated to witness a healthy rise in near future. The animal health care market in North India is driven by the growing awareness about animal health management practices, frequently changing climatic conditions, increasing prevalence of causative agents for various diseases, augmenting demand for quality animal health care products, and the rising veterinary population. Over the forthcoming years, the escalating demand for feed additives, vaccines, and various veterinary drugs, such as antibiotics and NSAIDs, is expected to boost the market in this zone remarkably.

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Natural Remedies Pvt. Ltd., Ayurvet Ltd., The Himalaya Drug Co., Zydus Animal Health, Venky’s India, Cargill Inc., Cipla Inc., Intas Pharmaceuticals Ltd., Vetoquinol, Ceva Santé Animale, Virbac, Boehringer Ingelheim GmbH, Merial, Elanco, Bayer AG, Zoetis Inc., and Merck & Co. Inc. are some of the leading players in the market for animal health care in India.

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