Discover trends, market shifts, and competitive outlooks for the animal health industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#How Has The Animal Health Market Growth Evolved From 2024 To 2025, And What’s Ahead?

There has been a significant growth in the animal health market size over the previous years. It is projected to rise from $55.26 billion in 2024 to $59.91 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.4%. The expansion during the historical period is due to factors such as the globalization of food supply chains, escalation of livestock farming, rise in zoonotic diseases, compliance with regulations and standards, and increased focus on preventive healthcare.

In the forthcoming years, the animal health market size is poised for substantial growth, reaching $82.04 billion by 2029, with a compound annual growth rate (CAGR) of 8.2%. The anticipated growth during this forecast period can be earmarked to significant factors such as globalization of animal health products, efforts on a global scale in disease surveillance, focus on aquaculture health, the introduction of pet insurance, the ‘one health’ approach, and crisis preparedness in livestock farming. The forecast period also shows a trend towards the adoption of telehealth services, technological advancements in diagnostics, digitalization of supply chain and distribution systems, genomics and biotechnology, and a surge in cooperative research initiatives.

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What are the Fundamental Drivers and Innovations Shaping the Animal Health Market?

The animal health market is set for growth, driven by the escalating occurrence of zoonotic diseases. These diseases are infectious and can pass from various animal species to humans or vice versa. Administrating and protecting animal health through diverse techniques aids in combating zoonosis, which in turn aids in preserving public health. For example, the National Library of Medicine, a US federal government-operated organization, stated in June 2023 that globally, zoonotic diseases are accountable for around 2.5 billion instances in humans and approximately 2.7 million fatalities annually. Hence, the escalating occurrence of zoonotic diseases will fuel the expansion of the animal health market.

How Is the Animal Health Market Segmented?

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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Which Regions Are Driving the Next Phase of the Animal Health Market Growth?

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

What Key Trends Are Shaping the Future of the Animal Health Market?

The prominence of technological innovations is a noteworthy trend in the animal health market. Essential market participants are avidly focusing on implementing novel and improved technologies to solidify their market stance. For instance, Elanco Animal Health Incorporated and Ginkgo Bioworks, both based in the US, unveiled their new products in April 2022. Furthermore, Merck Animal Health, another US-based organization specializing in a wide array of veterinary medicine and services, introduced the Animo GPS in October 2022. This is a unique monitor for dog activities and behaviors, equipped with GPS tracking. The tool offers constant tracking in ‘Lost Dog Mode’, updating the dog’s location every five seconds, and can notify the owner if their pet leaves the designated ‘Safe Zone’ within 20 seconds. Animo GPS uses intelligent technology for monitoring each dog’s unique activity and behavior patterns via an accessible mobile app. The device records instances of barking, scratching, shaking, and sleep duration. If notable changes are detected in these behaviors, the information is analyzed using an adaptive algorithm that can trigger a warning on the app.

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How Is the Animal Health Market Defined and What Are Its Core Parameters?

Animal health is defined as a term that covers animal diseases and the relationship between animal welfare, environment protection, human health, and food safety. Animal health is used for sustaining the healthy development of animals.

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