Research Nester published a report titled “Animal Health Care Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global animal health market in terms of market segmentation by product, animal type, end-user, distribution channel, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

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The global animal health market to grow with a CAGR of ~12% over the forecast period, i.e., 2023 – 2033. The market is segmented by product into pharmaceuticals, medicinal feed additives, and diagnostics. Amongst these, the pharmaceuticals segment is anticipated to grow at the highest rate during the forecast period on the back of rising count of veterinary practitioners, and significant growth in several types of animal diseases worldwide.

The global animal health market growth is projected to extensively grow owing to the global increase in livestock, followed by the upsurge of diabetes mellitus in pet animals as Diabetic dogs and cats typically require lifelong treatment, including specific diets, regular physical activity, and, more frequently in dogs, daily insulin injections. Furthermore, escalating risk of canine parvovirus-2, and worldwide increase in per capita income are some of the major factors anticipated to drive the growth of the market in the forecast period.

Regionally, the global animal health market is segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the North America region is estimated to witness significant growth over the forecast period owing to the increasing count of pet adoption, growing technological progression, upsurge in research and development activities to discover more advanced treatment modalities, and significantly increasing zoonotic disorders in the region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Worldwide Propagation in Zoonotic Diseases to Drive the Market Growth

Zoonotic diseases are triggered by pathogenic micro-organisms such as bacteria, fungi, parasites, and viruses. When someone with a weak immune system handles or cares for a pet, the threat of infection increases. Pets perhaps appear to be healthy despite the absence of symptoms. But the infections continue to be transmitted through bites, scratches, and direct contact with body fluids such as the animal’s saliva or urine. This infection causes mild to severe sickness, and in some cases death. Thus, a quick detection and timely treatment is required to stop the spread of zoonotic diseases. Therefore, increasing count of zoonotic disorders is fueling up the global animal health market growth.

However, increasing price of animal testing process, rigorous regulation of government in approving animal drugs, and growing amount of animal health products are expected to operate as key restraint to the growth of the global animal health market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global animal health market which includes company profiling of Boehringer Ingelheim International GmbH, Phibro Animal Health Corporation, VETOQUINOL SA, Zoetis Inc., Heska Corporation, Merck & Co., Inc., Ceva Santé Animale, Virbac S.A., Midmark Corporation, Biogenesis Bago SA, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global animal health market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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