Animal health industry comprises various products and services used for maintaining well-being of companion animals and food producing animals. Animal health products mainly include parasiticides, antimicrobials & antibiotic ....see more
The global veterinary dermatology market, valued at US$18.59B in 2024, is forecasted to grow at a 8.5% CAGR, reaching US$20.11B by 2025 and US$30.31B by 2030.
The global veterinary ultrasound market, valued at US$360.6M in 2023, is forecasted to grow at a 7.0% CAGR, reaching US$384.6M by 2024 and US$539.4M by 2029. The veterinary ultrasound market is driven by the growing demand for veterinary technicians, advancements in technology, and rising pet healthcare expenditure.
The global udder health market, valued at US$1.1B in 2023, is forecasted to grow at a 5.9% CAGR, reaching US$1.18B by 2024 and US$1.58B by 2029. The growth in the udder health market can be attributed to the factors, including increasing investments, funds, and grants by governments and other organizations, rising number of veterinarians in the developing countries.
The global poultry medicine/pharmaceuticals market, valued at US$4.73B in 2023, is forecasted to grow at a 5.9% CAGR, reaching US$5.01B by 2024 and US$6.68B by 2029. The growth of the poultry medicine/pharmaceutical industry can be attributed to the rising global population and consumption of poultry meat and eggs leading to more poultry farming practiced notably in the developing regions where poultry is the cheapest source of protein.
The global veterinary vaccines market, valued at US$8.93B in 2023, is forecasted to grow at a 6.1% CAGR, reaching US$9.39B by 2024 and US$13.33B by 2029. Growing awareness of animal health, along with the rising pet population and ownership, is driving the adoption of veterinary vaccines. Government efforts to improve animal health and the increasing popularity of pet insurance are also contributing to this trend.
The global companion animal diagnostics market, valued at US$2.75B in 2023, is forecasted to grow at a 8.8% CAGR, reaching US$2.99B by 2024 and US$4.55M by 2029. The growing demand for rapid tests and portable instruments for point-of-care (POC) services is offering growth opportunities for players in the companion animal diagnostics market.
The global animal genetics market, valued at US$2.76B in 2023, is forecasted to grow at a 7.1% CAGR, reaching US$2.97B by 2024 and US$4.19B by 2029. Market growth is largely driven by factors such as the increasing consumption of animal-derived protein, growing global population & rapid urbanization, growing customer awareness, increasing demand for companion animals, focus on superior breeds, and an emphasis on genetic services to prevent genetic diseases & business loss.
The global Cattle & Porcine/Swine Reproductive Diseases market, valued at US$726.9M in 2023, is forecasted to grow at a 5.2% CAGR, reaching US$758.2M by 2024 and US$975.8M by 2029. Increasing investments, funding, and grants from various governments and organizations to improve animal health, along with a growing number of veterinarians in developing nations, are enhancing the treatment of diseases.
The global veterinary surgical procedures market, valued at US$45.4B in 2023, is forecasted to grow at a 7.0% CAGR, reaching US$48.3B by 2024 and US$67.8B by 2029. Development of new surgical instruments, robotics, and imaging technologies like 3D printing and VR training for vets, improves efficiency and success rates of procedures which is expected to drive the growth of the market.
The global veterinary ophthalmology equipment market, valued at US$451M in 2023, is forecasted to grow at a 7.5% CAGR, reaching US$485M by 2024 and US$697M by 2029.
The global veterinary reference laboratory market, valued at US$4.0B in 2022, is forecasted to grow at a 11.2% CAGR, reaching US$4.6B by 2024 and US$7.8B by 2029. The veterinary reference laboratory market is experiencing significant growth due to increase in pet ownership, greater investment in animal healthcare, and an expanding focus on preventive measures.
The global animal wound care market, valued at US$1.2B in 2023, is forecasted to grow at a 7.4% CAGR, reaching US$1.3B by 2024 and US$2.0B by 2029. Growth in APAC market can be attributed to increasing investments in veterinary infrastructure, fostering the adoption of advanced veterinary wound care products.
The global veterinary imaging market, valued at US$1.8B in 2022, is forecasted to grow at a 7.2% CAGR, reaching US$1.9B by 2024 and US$2.9B by 2029. Rising pet ownership, increased pet insurance penetration, and growing awareness of animal health are driving demand for accurate diagnoses.
The global veterinary equipment and supplies market, valued at US$2.1B in 2022, is forecasted to grow at a 7.1% CAGR, reaching US$2.2B by 2023 and US$3.2B by 2028. The primary factors driving growth for the veterinary equipment supplies market during the projected period are advancements in veterinary technology, an increase in the population of pets and their owners, increasing demand for livestock veterinary products, rise in the need for pet insurance, an increase in the expense of animal health care, and an increase in the prevalence of diseases in animals.
The global veterinary diagnostics market, valued at US$3.1B in 2022, is forecasted to grow at a 7.1% CAGR, reaching US$3.3B by 2023 and US$5.0B by 2029. An increase in viral mutation rate increases the disease load on animals leading to an increase in diagnostic testing, an increase in diseases from animals that migrate from place to place, a rise in acquired ailments like dermatological diseases and urinary tract infections, a rise in animal population and a declining proper care/ hygiene, rise in pet insurance and cost of pet care, and growing demand for timely diagnostic testing for animal health, are all factors that influence this market.
The global veterinary electrosurgery market in terms of revenue was estimated to be worth $85 million in 2023 and is poised to reach $120 million by 2028, growing at a CAGR of 7.3% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.
The global veterinary telemedicine market, valued at US$457M in 2022, is forecasted to grow at a 18.3% CAGR, reaching US$530M by 2023 and US$1,230M by 2028. Growth in this market is largely driven by the increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technologies both pet owners and the veterinary industry has significantly influenced the development and effectiveness of veterinary telemedicine.
The global veterinary API market in terms of revenue was estimated to be worth $8.5 billion in 2023 and is poised to reach $11.9 billion by 2028, growing at a CAGR of 6.9% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.
The global animal parasiticides market in terms of revenue was estimated to be worth $10.6 billion in 2022 and is poised to reach $14.1 billion by 2027, growing at a CAGR of 5.8% from 2022 to 2027. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.
The global companion animal pharmaceuticals market in terms of revenue was estimated to be worth $14.4 billion in 2022 and is poised to reach $19.6 billion by 2027, growing at a CAGR of 6.3% from 2022 to 2027. Major players operating in the market Zoetis Inc. (US), Merck & Co., Inc. (US), Boehringer Ingelheim GmbH (Germany), Elanco Animal Health Incorporated (US), Ceva Santé Animale (France), Virbac (France), Vetoquinol S.A. (France), Dechra Pharmaceuticals plc (UK) are some of the market players.
Veterinary pain management market growth is primed to transition from $1.8 billion in 2022 to $2.5 billion by 2027, showcasing a strong CAGR of 6.7%. Factors such as growth in companion animal adoption, the increasing number of veterinary practitioners and their rising income levels in developed economies, increasing consumption of meat & milk, the growing prevalence of animal disease causing pain and inflammation, and rising adoption of pet insurance with growing animal health expenditure are expected to drive the growth of this market.
The size of global veterinary infectious disease diagnostics market in terms of revenue was estimated to be worth USD 1.7 billion in 2021 and is poised to reach USD 2.6 billion by 2026, growing at a CAGR of 9.0% from 2021 to 2026. The research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.
The size of animal growth promoters and performance enhancers market industry is projected to grow from USD 16.2 billion in 2021 and to reach USD 21.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period. The research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.
The global Asia Pacific Animal Health Market in terms of revenue was estimated to be worth $15.6 billion in 2020 and is poised to reach $22.1 billion by 2025, growing at a CAGR of 7.2% from 2020 to 2025. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.
The Veterinary Monitoring Equipment Market is expected to grow from USD 326 million in 2019 to USD 570 million by 2025, at a CAGR of 9.8% during the forecast period. Prominent players in the veterinary monitoring equipment market include Smiths Group plc. (UK), DRE Veterinary (US), Digicare Biomedical Technology (US), Midmark Corporation (US), Medtronic plc. (Ireland), Bionet America, Inc. (Korea), SonoScape Medical Corporation (China), Hallowell EMC (US), MinXray, Inc. (US), Hallmarq Veterinary Imaging Ltd. (UK), Esaote S.p.A (Italy), Agfa-Gevaert N.V. (Belgium), Nonin Medical, Inc. (US), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Covetrus, Inc. (US), Vetland Medical Sales & Services LLC (US), Masimo Corporation (US), Burtons Medical Equipment Ltd. (UK), Vetronic Services (UK), and IMV Technologies (France).
The global veterinary rapid tests market is projected to reach USD 854 million by 2024 from USD 573 million in 2019, at a CAGR of 8.3%. Factors contributing to the growth of this market include the increasing prevalence of zoonotic diseases among companion and livestock animals and the growing need for the rapid detection of these diseases. The prominent players in this market are Zoetis, Inc. (US), IDEXX Laboratories, Inc. (US), Heska Corporation (US), Biopanda Reagents Ltd. (UK), Fassisi GmbH (Germany), Virbac (France), BioNote, Inc. (South Korea), SWISSAVANS AG (Switzerland), MEGACOR Diagnostik GmbH (Austria), and Woodley Equipment Company (UK).
The veterinary X-ray market is projected to reach USD 872 million by 2023, at a CAGR of 6.4%. Rising animal health expenditure and growing demand for pet insurance, increasing number of veterinary practitioners in developed regions, and growth in the companion animals market are the primary drivers for the veterinary X-ray market during the forecast period. The prominent players in the veterinary X-ray market are IDEXX (US), Fujifilm (Japan), Onex Corporation (Canada), Sedecal (Spain), Agfa-Gevaert (Belgium), Sound Technologies (US), Fujifilm Holdings Corporation (Japan), Canon, Inc (Japan), Examion (Germany), Konica Minolta (US), DRE Veterinary (US), and Heska Corporation (US).