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How has the livestock healthcare market grown over the years?

The market size for livestock healthcare has seen significant growth in recent years. Predictions estimate that it will expand from $54.45 billion in 2024 to $58.54 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. The previous growth can be linked to factors such as a growing livestock population, intensified livestock farming practices, increased demand for animal-derived products, the global spread of the livestock industry, and government policies aimed at improving livestock health.

What Is the forecasted market size and growth rate for the livestock healthcare market?

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What are the major factors driving growth in the livestock healthcare market?

Growth in the livestock healthcare market is anticipated due to the escalating occurrence of diseases spread through food and zoonotic diseases. Diseases spread through food or water contaminated with pathogenic bacteria, parasites or viruses fall under foodborne diseases, while illnesses transferred between animals and humans come under zoonotic diseases. Livestock healthcare aids in the detection, prevention and treatment of these diseases in animals using vaccines and medication. Hence an increase in these types of diseases, increases demand for livestock healthcare solutions. For example, in December 2023, the European Food Safety Authority, a public agency based in Italy, indicated that there were 5,763 foodborne outbreaks in the European Union in 2022. This was a 44% increase compared to the previous year. As such, the livestock healthcare market is driven by the heightened prevalence of diseases transmitted through food and zoonotic diseases.

What key areas define the segmentation of the global livestock healthcare Market?

The livestock healthcare market covered in this report is segmented –

1) By Product Type: Vaccines, Pharmaceuticals, Feed Additives, Diagnostics, Other Types

2) By Livestock Animal: Poultry, Swine, Cattle, Sheep And Goats, Horse, Other Animals

3) By End User: Reference Laboratories, Point-of-care Testing or In-house Testing, Veterinary Hospitals and Clinics, Other Users

Subsegments:

1) By Vaccines: Live Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, mRNA Vaccines, Viral Vector Vaccines, DNA Vaccines, Recombinant Vaccines

2) By Pharmaceuticals: Prescription Medications, Over-the-Counter Medications, Biopharmaceuticals, Generic Drugs, Specialty Pharmaceuticals, Combination Drugs

3) By Feed Additives: Nutritional Additives (Vitamins, Minerals), Antibiotics, Probiotics, Enzymes, Amino Acids, Flavoring Agents, Antioxidants

4) By Diagnostics: Molecular Diagnostics, Immunoassays, Point-of-Care Testing, Imaging Diagnostics, Histopathology, Genetic Testing

5) By Other Types: Medical Devices, Laboratory Equipment, Research Reagents, Therapeutic Devices, Alternative Treatments

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What are the top market players propelling the growth of the livestock healthcare industry?

Major companies operating in the livestock healthcare market include Merck & Co Inc., Boehringer Ingelheim International GmbH, Zoetis Inc., Elanco Animal Health Incorporated, Alltech Inc., Virbac SA, Ceva Santé Animale, Phibro Animal Health Corporation, Avivagen Inc., Dechra Pharmaceuticals plc, Huvepharma AD, Vetoquinol SA, Laboratorios Hipra S.A., Anpario plc, Kemin Industries Inc., Norbrook Laboratories Ltd., Alivira Animal Health Limited, Intas Pharmaceuticals Ltd., Jurox Pty Ltd., Hester Biosciences Limited, Vets Plus Inc., Phytobiotics Futterzusatzstoffe GmbH, Delacon Biotechnik GmbH, Bimeda Holdings plc, Inovet (V.M.D. NV/sa)

What are the key trends shaping the future of the livestock healthcare market?

Prominent establishments functioning in the livestock healthcare market are Merck & Co Inc., Boehringer Ingelheim International GmbH, Zoetis Inc., Elanco Animal Health Incorporated, Alltech Inc., Virbac SA, Ceva Santé Animale, Phibro Animal Health Corporation, Avivagen Inc., Dechra Pharmaceuticals plc, Huvepharma AD, Vetoquinol SA, Laboratorios Hipra S.A., Anpario plc, Kemin Industries Inc., Norbrook Laboratories Ltd., Alivira Animal Health Limited, Intas Pharmaceuticals Ltd., Jurox Pty Ltd., Hester Biosciences Limited, Vets Plus Inc., Phytobiotics Futterzusatzstoffe GmbH, Delacon Biotechnik GmbH, Bimeda Holdings plc, Inovet (V.M.D. NV/sa)

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What regions are dominating the livestock healthcare market growth?

North America was the largest region in the livestock healthcare market in 2024. The regions covered in the livestock healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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