Animal healthcare companies have been offering complete support for animals across the globe through preserving, guiding and protecting animals. It is one of the highly demanded markets across the globe. For effectively handling the demand, the animal health companies offer products ranging from vaccines, parasiticides to feed additives.
Animal healthcare market emerged due to the market’s demand for a segment that specifically focuses on improving the life of animals. The animal health companies’ market include farm animals such as the swine, cattle, poultry, equine, and aquaculture. The other forms of animals that fall under this category are companion animals such as the cats, dogs, and other small animals.
Animal health companies’ market value under lens
The expanding focus around animals’ medical care – new variations of illnesses, jump in the utilization of meat and milk at global stage can be considered as the major factors that are fueling the market development. Inline with this animal health companies are coming up with new and unique ways to improve the existing medical facilities.
It is a well known fact that the traditional animal health companies are racing against one another to achieve the common goal of good animal health. As per the investigation carried out by the experts of Verified Market Research, the global animal health companies’ market was valued at USD 28.4 billion in 2018. With the technological advancements in the market cap is projected to reach USD 41.6 billion by 2026.
This twofold increase shown by the market indicators is equivalent to a CAGR of 4.8% from 2019 to 2026.
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World’s top 10 animal health companies enhancing lives
Zoetis is An American medication organization, the world’s biggest maker of medication and immunization products for pets and animals. The organization was an auxiliary of Pfizer, the world’s biggest medication creator. With its unique offerings, the company has become the face of the animal health companies’ market.
Boehringer Ingelheim is an organization majorly focusing on animals’ well-being, framed in January 2017. This company made its mark by acquiring Merial and then converging it with Boehringer Ingelheim’s current wellbeing resources. This acquisition proved to be a turning point for the company as it became one of the most successful organizations among the animal health companies.
Merck is a century old organization that has been steering the healthcare industry since its inception. When this business association set its foot in the animal health segment, it introduced the most advanced version of technology to align with the latest market trends. This approach has kept the company ahead in the race of animal health companies.
Elanco is the core animal health company that largely focuses on manufacturing vaccines as medicines for the animals. It is one of the most awarded organizations, among leading animal health companies, in the world. The American giant has been offering its services for more than five decades now.
This list is incomplete without the inclusion of Bayer. It is one of the influential companies in the world that has set its foot across all the leading economies. With its world-class R&D division, the organization has kept its promise of delivering the most innovative products and ground breaking technologies that will raise the bar of the animal health segment.
Ceva Sante Animale
Ceva Sante Animale is another big name in this list. The French pharmaceutical giant is known for research, development, production and sales of the medical products that improve the life of animals across the globe. It is one of the highly trusted organizations in the animal health companies’ listicle.
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Virbac is the seventh largest pharmaceutical company (in terms of turnover). It is headquartered in France and has been operating for more than five decades. It functions across different continents in the form of its subsidiaries that have made their name individually in the local markets.
Vetoquinol is another French in this list of top animal health companies. The pharmaceutical giant is most importantly a free, family-claimed business. It is profoundly dedicated to its qualities. Loaded with a heavy budget and technology, it has consistently delighted its vet customers across the globe.
IDEXX has dedicated itself to enhance the wellbeing of animals, individuals and livestock. It has constantly raised the standards of animal healthcare. It must be noted that it is a proud member of the S&P 500. The organization is a pioneer in pet medical care development, serving veterinarians around the globe with an expansive scope of symptomatic and innovation-based items and administrations.
Covetrus is a global animal health technology and services company (among top animal health companies). This organization is dedicated to improve and advance the market of veterinary medicines. It offers a package of products, softwares and services to help veterinary professionals in building a strong relationship with clients along with achieving rewarding financial outcomes.
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