2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers Contributing to the Growth and Expansion of the Animal Health Market?

The rise in zoonotic diseases is anticipated to stimulate the animal health market’s expansion. Zoonotic diseases, which are infectious diseases that can be transferred between humans and various animal species, are a significant concern. Employing diverse techniques to monitor and safeguard animal health can assist in restricting zoonosis, thereby fortifying public health. As per the National Library of Medicine, a US-based National Library overseen by the United States federal government, in June 2023, zoonotic diseases account for about 2.5 billion human cases worldwide and almost 2.7 million deaths each year. Consequently, the escalating prevalence of zoonotic diseases is anticipated to drive the growth of the animal health market.

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#How Will the CAGR of the Animal Health Market Influence Its Overall Growth by 2034?

In the past few years, there has been a significant expansion in the size of the animal health market. The market, which was valued at $55.26 billion in 2024, is projected to increase to $59.91 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.4%. This growth during the historical period is linked to the globalization of food supply chains, the intensification of livestock farming, the rise in zoonotic diseases, compliance with regulatory standards, and the focus on preventive healthcare.

Over the upcoming years, robust expansion is anticipated in the animal health market, pegging its value at $82.04 billion by 2029 with a compound annual growth rate (CAGR) of 8.2%. The future growth can be credited to an emphasis on the health of aquaculture, a one health approach, global campaigns in disease monitoring, increased pet insurance uptake, crisis readiness in animal farming, and the universal spread of animal health products. The forecast period is set to witness significant trends such as integration of technology in diagnostics, advancements in biotechnology, and genomics, the use of telehealth services, the digitization of supply chain and distribution, as well as collaborative research projects.

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What New Market Trends Are Reshaping theAnimal Health Market and Its Opportunities?

The animal health market is seeing a surge in technological innovations, a trend that is increasingly becoming popular. Prominent players in the market are focusing their efforts on launching sophisticated technologies to consolidate their market position. For instance, in April 2022, Elanco Animal Health Incorporated, a US-based firm specializing in animal health, along with Ginkgo Bioworks, a biotech company also based in the US, unveiled new advancements. In October 2022, Merck Animal Health, another US-based firm that creates, produces, and markets a comprehensive range of veterinary medicines and services, introduced Animo GPS, a tool to monitor the activities and behavior of dogs, complete with a GPS tracker. This product allows for real-time tracking that updates the dog’s location every five seconds when set to ‘Lost Dog Mode’ and alerts pet owners within 20 seconds if the dog leaves its designated ‘Safe Zone’. Animo GPS uses smart technology to monitor a dog’s specific activity levels and actions via a user-friendly mobile application. The device records details such as barking, scratching, convulsions, and sleeping duration. If any significant changes are detected in these behaviours, the device uses a sophisticated algorithm to analyze the data and send alerts through the application.

Who Are the Leading Market Players Fueling Growth in the Animal Health Market Trend?

Major companies operating in the animal health market include Elanco Animal Health Incorporated, Merck Animal Health, Boehringer Ingelheim International GmbH, Heska Corporation, Vetoquinol SA, Virbac, Bayer AG, Novartis AG, Biogenesis Bago, Intervet International BV, IDEXX Laboratories Inc., Hester Biosciences Ltd., Intas Pharmaceutucals Ltd., Dechra Pharmaceuticals, Kindred Biosciences, Phibro Animal Health Corporation, Neogen Corporation, Norbrook Laboratories, Huvepharma EOOD, Abaxis Inc., ECO Animal Health Group, Hipra, Zoetis Inc., Kemin Industries, DeLaval, Troy Laboratories, Parnell Pharmaceuticals, Ceva Sante Animale, Bimeda Inc., Animalcare Group, PetIQ, AdvaVet Inc.

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How is the Global Animal Health Market Segemented?

The animal health market covered in this report is segmented –

1) By Product: Vaccines, Pharmaceuticals, Medicinal Feed Additives, Diagnostics , Equipment And Disposables, Other Products

2) By Animal Type: Commercial, Companion

3) By Route Of Administration: Oral, Parenteral, Topical

4) By End-User: Veterinary Hospitals And Clinics, Animal Care And Rehabilitation Centers, Diagnostic Centers

Subsegments:

1) By Vaccines: Live Attenuated Vaccines, Inactivated Vaccines, Recombinant Vaccines, DNA Vaccines

2) By Pharmaceuticals: Anti-Infective Agents, Anti-Inflammatory Drugs, Parasiticides, Pain Management Medications

3) By Medicinal Feed Additives: Probiotics, Prebiotics, Antimicrobials, Enzymes

4) By Diagnostics: Laboratory Diagnostic Tests, Point-Of-Care Testing Devices, Imaging Equipment

5) By Equipment And Disposables: Surgical Instruments, Monitoring Devices, Disposable Syringes And Needles

6) By Other Products: Nutraceuticals, Supplements, Herbal Medicines

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https://www.thebusinessresearchcompany.com/customise?id=9893&type=smpGlobal Animal Health Market, Global Animal Health Market Report, Global Animal Health Market Trends, Global Animal Health Market Size

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