Animal healthcare market size to increase by USD 9,492.82 million: North America will account for 40% of market growth - Technavio

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- The animal healthcare market by product, animal type, and geography - forecast and analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 4.3% and register an incremental growth of USD 9,492.82 million during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF sample report

Company profiles

The animal healthcare market report includes information on the key products and recent developments of leading vendors, including:

• APA United Nano Technology Co. Ltd.: The company offers solutions for animal healthcare, including shampoo, pet gel, daily food, and other items.
• Biogenesis Bago SA: The company offers solutions for animal healthcare, including antibiotics, vitamins and minerals, and other daily usage items.
• Boehringer Ingelheim International GmbH: The company offers solutions for animal healthcare, including medicinal products such as Aftopor, Arti-cell Forte, Aservo, and Avinew.
• Cargill Inc.: The company offers solutions for animal healthcare under the brand names Diamond V, EWOS, Nutrena, and Provimi.
• Ceva Sante Animale: The company offers solutions for animal healthcare by focusing on disease prevention.
• Chanelle Pharma Group
• Covetrus Inc.
• Dechra Pharmaceuticals Plc
• Elanco Animal Health Inc.
• To gain access to more vendor profiles available with Technavio, buy the report!

Regional analysis

Based on region, the global animal healthcare market is segmented into North America, Europe, Asia, and Rest of World (ROW). North America is estimated to account for 40% of the growth of the global market over the forecast period. The growth of the market in the region is driven by pet humanization because of increasing disposable incomes. In the US, around 84 million households own a pet. These pets require animal healthcare products for the treatment of conditions such as otitis externa, diabetes mellitus, and cardiovascular diseases. The trend of pet ownership is likely to continue during the forecast period, which will increase the demand for various animal healthcare products.

Market dynamics

The market is driven by factors such as the increase in animal ownership, the rise in the incidence of zoonotic diseases, and the increasing use of organic tracing elements for improving livestock production. However, contamination of animal-source foods is hindering the market growth.

Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Request a sample

Market segmentation

• Based on product, the market is segmented into pharmaceutical, feed additive, and biologicals. The pharmaceutical segment accounted for the largest share of the market in 2022.
• Based on geography, the market is segmented into North America, Europe, Asia, and Rest of World (ROW). North America held the largest share of the market in 2022.
• Based on animal type, the market is segmented into livestock and companion animals.

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• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the animal healthcare market between 2023 and 2027
• Precise estimation of the animal healthcare market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the industry across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of animal healthcare market vendors

Browse for Technavio's health care market reports

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Animal Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global animal healthcare market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global animal healthcare market 2017 - 2021 ($ million)

• 4.2 By Product Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – By Product Segment 2017 - 2021 ($ million)

• 4.3 Animal type Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Animal type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Pharmaceutical - Market size and forecast 2022-2027
• Exhibit 34: Chart on Pharmaceutical - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Pharmaceutical - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Pharmaceutical - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Pharmaceutical - Year-over-year growth 2022-2027 (%)

• 6.4 Feed additive - Market size and forecast 2022-2027
• Exhibit 38: Chart on Feed additive - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Feed additive - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Feed additive - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Feed additive - Year-over-year growth 2022-2027 (%)

• 6.5 Biologicals - Market size and forecast 2022-2027
• Exhibit 42: Chart on Biologicals - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Biologicals - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Biologicals - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Biologicals - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)

7 Market Segmentation by Animal Type

• 7.1 Market segments 
• Exhibit 47: Chart on Animal Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Animal Type - Market share 2022-2027 (%)

• 7.2 Comparison by Animal Type 
• Exhibit 49: Chart on Comparison by Animal Type
• Exhibit 50: Data Table on Comparison by Animal Type

• 7.3 Livestock - Market size and forecast 2022-2027
• Exhibit 51: Chart on Livestock - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Livestock - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Livestock - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Livestock - Year-over-year growth 2022-2027 (%)

• 7.4 Companion animals - Market size and forecast 2022-2027
• Exhibit 55: Chart on Companion animals - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Companion animals - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Companion animals - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Companion animals - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Animal Type 
• Exhibit 59: Market opportunity by Animal Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027
• Exhibit 73: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
• Exhibit 77: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 Germany - Market size and forecast 2022-2027
• Exhibit 85: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 France - Market size and forecast 2022-2027
• Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 APA United Nano Technology Co. Ltd. 
• Exhibit 108: APA United Nano Technology Co. Ltd. - Overview
• Exhibit 109: APA United Nano Technology Co. Ltd. - Product / Service
• Exhibit 110: APA United Nano Technology Co. Ltd. - Key offerings

• 12.4 Biogenesis Bago SA 
• Exhibit 111: Biogenesis Bago SA - Overview
• Exhibit 112: Biogenesis Bago SA - Product / Service
• Exhibit 113: Biogenesis Bago SA - Key offerings

• 12.5 Boehringer Ingelheim International GmbH
• Exhibit 114: Boehringer Ingelheim International GmbH - Overview
• Exhibit 115: Boehringer Ingelheim International GmbH - Business segments
• Exhibit 116: Boehringer Ingelheim International GmbH - Key news
• Exhibit 117: Boehringer Ingelheim International GmbH - Key offerings
• Exhibit 118: Boehringer Ingelheim International GmbH - Segment focus

• 12.6 Cargill Inc. 
• Exhibit 119: Cargill Inc. - Overview
• Exhibit 120: Cargill Inc. - Product / Service
• Exhibit 121: Cargill Inc. - Key news
• Exhibit 122: Cargill Inc. - Key offerings

• 12.7 Ceva Sante Animale 
• Exhibit 123: Ceva Sante Animale - Overview
• Exhibit 124: Ceva Sante Animale - Product / Service
• Exhibit 125: Ceva Sante Animale - Key offerings

• 12.8 Chanelle Pharma Group 
• Exhibit 126: Chanelle Pharma Group - Overview
• Exhibit 127: Chanelle Pharma Group - Product / Service
• Exhibit 128: Chanelle Pharma Group - Key offerings

• 12.9 Dechra Pharmaceuticals Plc 
• Exhibit 129: Dechra Pharmaceuticals Plc - Overview
• Exhibit 130: Dechra Pharmaceuticals Plc - Business segments
• Exhibit 131: Dechra Pharmaceuticals Plc - Key offerings
• Exhibit 132: Dechra Pharmaceuticals Plc - Segment focus

• 12.10 Elanco Animal Health Inc. 
• Exhibit 133: Elanco Animal Health Inc. - Overview
• Exhibit 134: Elanco Animal Health Inc. - Product / Service
• Exhibit 135: Elanco Animal Health Inc. - Key offerings

• 12.11 Heska Corp. 
• Exhibit 136: Heska Corp. - Overview
• Exhibit 137: Heska Corp. - Business segments
• Exhibit 138: Heska Corp. - Key news
• Exhibit 139: Heska Corp. - Key offerings
• Exhibit 140: Heska Corp. - Segment focus

• 12.12 Hester Biosciences Ltd. 
• Exhibit 141: Hester Biosciences Ltd. - Overview
• Exhibit 142: Hester Biosciences Ltd. - Business segments
• Exhibit 143: Hester Biosciences Ltd. - Key offerings
• Exhibit 144: Hester Biosciences Ltd. - Segment focus

• 12.13 Merck KGaA 
• Exhibit 145: Merck KGaA - Overview
• Exhibit 146: Merck KGaA - Business segments
• Exhibit 147: Merck KGaA - Key news
• Exhibit 148: Merck KGaA - Key offerings
• Exhibit 149: Merck KGaA - Segment focus

• 12.14 Norbrook Laboratories Ltd. 
• Exhibit 150: Norbrook Laboratories Ltd. - Overview
• Exhibit 151: Norbrook Laboratories Ltd. - Product / Service
• Exhibit 152: Norbrook Laboratories Ltd. - Key offerings

• 12.15 Phibro Animal Health Corp. 
• Exhibit 153: Phibro Animal Health Corp. - Overview
• Exhibit 154: Phibro Animal Health Corp. - Business segments
• Exhibit 155: Phibro Animal Health Corp. - Key offerings
• Exhibit 156: Phibro Animal Health Corp. - Segment focus

• 12.16 Virbac Group 
• Exhibit 157: Virbac Group - Overview
• Exhibit 158: Virbac Group - Business segments
• Exhibit 159: Virbac Group - Key news
• Exhibit 160: Virbac Group - Key offerings
• Exhibit 161: Virbac Group - Segment focus

• 12.17 Zoetis Inc. 
• Exhibit 162: Zoetis Inc. - Overview
• Exhibit 163: Zoetis Inc. - Business segments
• Exhibit 164: Zoetis Inc. - Key offerings
• Exhibit 165: Zoetis Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 168: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations 
• Exhibit 172: List of abbreviations

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