Media Releases

The global animal health industry is one of the most thriving industries in the world. Over the past decade the concept of animal health has gained major importance especially the health of farm animals, owing to the growing awareness of linkages that exist between animal health, human health and safety. The livestock owners have started to display a keen interest in ensuring that proper care is being provided to their cattle. Factors such as inclining demand from consumers for safe and healthy food along with increased government pressure to build newer systems for animal health management has been leading the growth in demand for farm animal health products in this industry.

Rising global population along with per capita consumption of meat has also increased demand for animal health products particularly in developing nations. Furthermore, the significance of economic impact of livestock diseases has also highlighted the importance of animal health products such as vaccines, medicines and others in every country. The animal health industry is heavily regulated and animal health has become a concern globally. This concern stems not only from the public health, food safety and food security aspects but also from the huge economic costs that animal disease outbreaks could lead to.

The animal health market has shown consistent growth over the past several years with market valued at USD ~ billion in 2010 which grew at a CAGR of ~% to reach USD ~ billion in 2015.

Which Product Is Generating Maximum Revenue For Animal Health Market?

Parasiticides dominated the market with the revenue share of ~% in 2015. These products are used for controlling internal and external parasites in livestock and companion animals. The major example of their use includes preventing flea and tick infestations and internal parasites like tapeworm in companion animals. Government regulations which favor the production and use of parasiticides, rising adoption of companion animals and increasing prevalence of parasites infecting animals are the major factors which have fuelled the market of parasiticides globally.

Biologicals including all antisera, viruses, toxins, serums or any products from natural or scientific origin derived from animals to improve immune system captured the second position in the market. Vaccines form an important part of veterinary biological market with segment capturing a revenue share of ~% in 2015. Affordable nature of these vaccines with less cost of vaccines compared to payment of treatment and prolonged life expectancies for both livestock and companion animals are the major factors which have generated revenue for biological segment. The mandate regulation to get dogs and cats vaccinated across the globe act as major driver.

KEY FACTORS CONSIDERED IN THE REPORT

·      The market size of Global Animal Health Market

·      Snapshot on North America Animal Health Market

·      Snapshot on Europe Animal Health Market

·      Snapshot on Asia Pacific Animal Health Market

·      Porter’s Five Forces Analysis for Global Animal Health Market

·      Trends and Developments in Global Animal Health Market

·      Analyst Recommendations

·      Animal Health Industry Trends,

·      Global Animal Health Market,

·      Global  Animal Parasiticides Market

·      Market Share Global Animal Health

·      Animal Vaccines Market

·      Global Biological Market

·       Asia Animal Health Sector

·      Global Europe Animal Health Industry

·      Global Market Trends Animal Health

·      Global Future Animal Health

·      Global Market Strategy Animal Health

·      Global Pet Animal Health Developments

·      Global Companion Animal Health Market Size

·      Livestock Animal Health Future

·      Global Anti Infectives Industry Size

·      Global Beta Lactams Market

·      India Animal Health Market

·      Global Zoetis Market Share Animal Health

·      Global Animal Health Market size

·      Global Animal Health Market share

·      Global Animal Health Market Trends

·      Global Animal Health Market growth

Source : https://www.kenresearch.com/agriculture-and-animal-care/animal-care/global-animal-health-report-2020/54216-104.html 

Related Reports:

Indonesia Animal Health Market Outlook to 2019 – Rising Health Awareness for Pets and Meat Consumption to Drive Growth

Global Nutraceuticals Market Analysis till 2017 – Emerging Markets in Asia-Pacific and Latin America to Drive Growth

Global Glaucoma Treatment Drugs Market Forecast to 2020 – New Product Launches Expected to Boost Market

The global animal health industry is one of the most thriving industries in the world. Over the past decade the concept of animal health has gained major importance especially the health of farm animals, owing to the growing awareness of linkages that exist between animal health, human health and safety. 

Government regulations which favor the production and use of parasiticides, rising adoption of companion animals and increasing prevalence of parasites infecting animals are the major factors which have fuelled the market of parasiticides globally

Increase in the spending on products used to treat and prevent diseases in companion animals and farm animals is the major factor which resulted in high sales in North America. Moreover, the love for their pets among people residing in North America and economic stability and willingness to spend more on veterinary care than on food and other items, further boosts the market in North America.

According To Ken Research The animal health market in Asia Pacific region has grown remarkably over the past few years due to the growth in the emerging markets such as China and India. The major markets of this segment are the UK, Spain, France and Germany. The Europe animal health market has matured over the period backed by the increased demand for drugs, vaccines and nutrition supplements for pets, which are now largely considered as a part of the family.

A rising trend was observed in the UK termed as the Humanization of pets. Under this phenomenon the pets were treated as family members, rather mere animals. There was an increase in the level of understanding and interest in areas such as animal psychology with several brands of dog anti-depressants available in the market and preventative pet health plans.

High sales of products in Americas and Europe helped the company in attaining position in top companies in global animal health companies. Additionally, the efforts by the company to expand its portfolio in emerging economies of Asia had also helped the company in increasing its revenue and are expected to benefit in future.

Zoetis launched operational efficiency program where company is reducing complexities in its product portfolios through the elimination of approximately 5,000 store keeping units, divestitures, and by changing their marketing strategies in various countries.

Germany would maintain its dominance in future and is expected to be one of the leader of the Europe’s revenue share in 2020. Mandate vaccination laws and love for pet animals will continue in increasing the demand for animal health products in the country.

Increasing trend of keeping pets especially in emerging economies coupled with the rising awareness among pet owners about the well being of animals is the major factor which has driven the market of companion animals globally. Dogs and cats segment dominated the companion animal health market, According To Ken Research.

Topics covered  in The Report

Market Trends Animal Health

Market Strategy Animal Health

Poultry Health Market

Anti Infectives Industry Size

India Animal Health Market

Zoetis Market Share Animal Health

Livestock Animal Health Future

Global Animal Health Market size

Future Animal Health

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/agriculture-and-animal-care/animal-care/global-animal-health-report-2020/54216-104.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

·         Future growth of global animal healthmarket is expected to be led by inclining prevalence of zoonotic diseases leading to increased demand for animal health products

·         Zoetis, MSD Animal Health, Elanco, and Merial are major players operating in animal health products. Diverse portfolios coupled with wide geographical reach are major factors responsible for domination of these companies.

·         North America region was the major revenue contributor in animal health market in 2015 owing to the economic stability among animal owners to opt for expensive healthcare products for animals and awareness among people about available treatment options.

Rising level of awareness among the consumers related to zoonotic and other communicable diseases caused by animals such as Q fever, Tularemia, Rabies and others has resulted in increased demand for animal health products. It has been predicted by World Health Organization (WHO) that around 55,000 people present in Asia and Africa, as of August, 2016 are suffering from rabies and the expense of their treatment in cumulative would amount at USD 590 million annually on these two continents. It has also been observed that 13 major zoonotic diseases which majorly include tuberculosis and bird flu are responsible for 2.2 million deaths globally every year. Presently, the global population is highly dependent on animal protein such as milk, meat, eggs and others for their daily needs, which is expected to lead to an increase in the percentage of zoonotic diseases during the future. Owing to these facts, the government of various economies has provided guidelines to use the animal health products for preventing zoonotic diseases, which is helping animal health products in generating higher revenue. Guidelines provided by Public Health England, Washington State Department of Health, National Zoonosis Committee of Ireland, Centers for Disease Control and Prevention, and WHO are major among many which have resulted in increased use of animal health products.

“In order to penetrate into the growing animal health market, the market players could plan acquisitions, mergers, and joint ventures. Strategic acquisition of Novartis Animal Health by Elanco has helped company in gaining leading position in the market, setting an example for other players.” according to Research Analyst, Ken Research.

Ken Research announced its latest publication on “Global Animal Health Market Forecast to 2020 – Inclining Pet Adoption and Awareness among Animal Husbandry Farmers to Boost Animal Health Market” provides a comprehensive analysis of the animal health market. The report includes the market share contributed by the sales of livestock, companion animals and other animal health products globally for maintaining wellbeing of animals. Further, the market in the study is also differentiated by products which include parasiticides, biologicals, feed additives, and anti-infectives. The market is also segmented by five geographical regions across the globe – North America, Europe, Asia Pacific, Latin America, and Rest of the World. Detailed snapshot on key regions of the market which includes North America (US and Canada), Europe (UK, France, Spain, Germany, Denmark, Rest of Developed Countries, and Emerging Economies), Asia Pacific (India, China, Japan, and Australia), and Latin America (Brazil and Mexico) is included in the report to elucidate facts about the market in detail. The study also highlights the detailed information about major drug manufacturers in the global animal health market and their respective shares by revenue in 2015. Various marketing analysis factors such as trends and developments and Porter’s five forces analysis are also added in the study for clear understanding about the factors responsible for present scenario of the market. The future analysis of overall global animal health market has also been discussed along with recommendations from analyst view.

Key Topics Covered in the Report:

·         The market size of Animal Health Market by Revenues

·         Market segmentation of Global Animal Health  Market on the basis By Products – Parasiticides, Biologicals, Anti-infectives, Feed Additives, and Other Pharmaceutical Products; By Species – Companion Animals, Livestock, and Others; By Geographical Regions – North America, Europe, Asia Pacific, Latin America, and Rest of the World

·         The market size of North America Animal Health Market by Revenues

·         Snapshot on US and Canada Animal Health Market

·         The market size of Europe Animal Health Market by Revenues

·         Snapshot on UK, Germany, France, Spain, Denmark, Other Developed Countries, Emerging Countries Animal Health Market in Europe

·         The market size of Asia Pacific Animal Health Market By Revenues

·         Snapshot on India, China, Japan, Australia Animal Health Market

·         The market size of Latin America Animal Health Market By Revenues

·         Snapshot on Brazil and Mexico Animal Health Market

·         Trends and Development in Global Animal Health Market

·         Porter’s Five Forces Analysis of Global Animal Health Market

·         Competitive Landscape and Detailed Company Profiles of the Major Market Players

·         Future outlook and projections of Global Animal Health Market

·         Analyst Recommendations

Key Products Mentioned in the Report

Parasiticides, Ectoparasiticides, Endoparasiticides, Endectocides, Biologicals, Vaccines, Antisera, Feed Additives, Anti Infectives, Marbofloxacin, Beta Lactams

Key Market Players Covered in the Report:

Zoetis, MSD Animal Health, Merial, Elanco, Virbac, Vetoquinol, Bayer AG, Boehringer Ingelheim, Ceva Sante Animale

Related Reports:

Indonesia Animal Health Market Outlook to 2019 - Rising Health Awareness for Pets and Meat Consumption to Drive Growth

Global Nutraceuticals Market Analysis till 2017 - Emerging Markets in Asia-Pacific and Latin America to Drive Growth

Global Glaucoma Treatment Drugs Market Forecast to 2020 - New Product Launches Expected to Boost Market

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249