Animal Health Market 2020: Research In-Depth Analysis, Market Applications, Key End-Users Forecasts To 2027
                     Animal Health Market 
Animal Health Market Forecast to 2027 - 
COVID-19 Impact and Global Analysis by 
Product (Prescription, and Non-
prescription); Animal Type (Production 
Animal, Companion Animal); and 
Geography
Animal Health Market 
Current and future Market Scenario
 According to The Insight Partners market research study titled "Animal Health Market Forecast to 2027 - Covid-19 Impact 
and Global Analysis by Product and Animal Type", the market is projected to reach US$ 119,570.99 million in 2027 from 
US$ 73,798.33 million in 2019. 
 The market is estimated to grow at a CAGR of 6.3% from 2020 to 2027. The report highlights the trends prevalent in the 
global animal health market and the factors driving the market along with those that act as deterrents to its growth.
 The animal health market, by product, is further segmented into prescription and non-prescription. The prescription 
segment is subsegmented into vaccines, pharmaceuticals, feed additives, and diagnostics. Whereas the non-prescription 
is subsegmented into parasiticides, grooming products, and nutrition/supplements. The prescription segment held a 
larger share of the market in 2019. However, the non-prescription segment is estimated to register a higher CAGR in the 
market during the forecast period. Vaccines held the largest share of the animal health market and is also expected to 
continue its dominance in the coming years.
 The growth of the market is attributed to few key driving factors such as increasing incidences of zoonotic diseases, rise 
in demand for proteinaceous food, and initiatives by governments and animal welfare associations. On the other hand, 
the market is likely to have plummeting growth due to high complexity and cost of animal drug development and 
approval processes.
Key Findings
 Through the business point of view, the segment supports more than 1.3 billion people across the world. Also, it is 
among the fastest-growing part of the agriculture sector across the world.
 Merger & acquisition, collaboration, and partnership by the operating players in the market with an aim to bridge the 
demand-supply gap are anticipated to play a major role in the growth of the animal health industry during the forecast 
period. Moreover, increasing product launches and approvals have helped in improving animal health in a better way.
Market Insights
Increasing Incidences of Zoonotic Diseases
Animals can act as carriers of harmful bacteria, viruses, parasites, and fungi to humans, leading to illness, which are 
referred as zoonotic diseases or zoonoses. An increase in such diseases is driving the animal health market. The clinical 
effect of zoonotic illnesses may range from mild to severe, and might sometimes lead to death. Zoonotic diseases are 
prevalent in the world. As per the estimates of the Center for Disease Control (CDC), >6 out of every 10 known infectious 
diseases in people can spread through animals, and 3 out of every 4 new or upcoming infectious diseases in people would 
come from animals. Moreover, in 2016, at least 55,000 people have died of rabies in Asia and Africa.
Animal Health Market 
 
Market Segments
 
Product (Prescription, and Animal Type (Production Animal, 
Non-prescription) Companion Animal)
Animal Health Market 
Dominating Segments
 
 The animal health is maintained through regular screening and diagnosis of health problems. Diseases in 
  animal can be prevented by diagnostics and vaccines. Maintaining proper hygiene for animal through 
grooming products also help in preventing the outbreak of zoonotic diseases. 
 The global animal health market is being driven by factors such as zoonotic diseases, rise in demand for 
proteinaceous food, and initiatives by governments and animal welfare associations. On the other hand, the 
use of counterfeit medicines, and high complexity and cost of animal drug development and approval 
processes are likely to restrain the market growth during the forecast period. 
 However, increase R&D activities are likely to offer growth opportunities for the animal health market during 
the forecast period.
Dominating Segments
Product Insights
Products Insights
 The prescription segment captured a larger share in the global animal health market. Veterinary prescription 
products are labeled for use only by or on the order of a licensed veterinarian. The prescription-based product 
segment is likely to grow at a steady pace in the review period owing to the factors such as the increasing 
preference for generic drugs for animal care. During 2013–2015, the US Food and Drug Administration approved 
22 generic animal drugs for cats and dogs, which have increased the adoption of generic drugs by veterinarians, 
thereby propelling the market growth for the prescription products.
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Dominating Segments
Animal Health Market – By Product
Prescription
i. Feed additives
ii. Pharmaceutical
iii. Vaccines
iv. Diagnostics
Non-prescription
v. Nutrition/Supplements
vi. Grooming Products
vii. Parasiticides
 
Animal Health Market – By Animal Type
Production Animal
Companion Animal
Animal Health Market  
Leading Players
Company Profiles in Animal Health Market are:
Merck & Co., Inc.
BoehringerIngelheim International GmbH
Ceva Santé Animale
Cargill, Incorporated
Zoetis Inc.
Bayer AG
Vetoquinol SA
Nutreco N.V
Virbac
Elanco
  REGIONAL FRAMEWORK
REGIONAL FRAMEWORK
 
 Animal Health Market 
 
        
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https://www.theinsightpartners.com/reports/animal-health-market
 
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