Global Animal Treatment Market – Industry Trends and Forecast to 2030

Animal Treatment Market Analysis and Size

The rapidly rising demand for numerous animal products among people has expanded the market growth for animal healthcare. It has been that there has been increasing number of animal diseases that has demanded the need for better healthcare facilities to avoid the spread of diseases in society. This high demand resulted in a subsequent increase in the number of companies undertaking persistent efforts to control food-borne diseases and pathogen contamination risks contributing to market growth.

Data Bridge Market Research analyses that the animal treatment market is expected to reach USD 72.82 billion by 2030, which is USD 44 billion in 2022, and is expected to undergo a CAGR of 6.5% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Animal Treatment Market Scope and Segmentation

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Market Definition

Animal treatment is important as so many animals worldwide are getting exploited in the name of food, medicine, entertainment, fashion, scientific advancement, and as exotic pets. This treatment is necessary for the prevention, control, diagnosis, and treatment of diseases affecting the health of wild and domestic animals and the prevention of transmission of animal diseases to people.

Animal Treatment Market Dynamics

Drivers

• Increasing Demand of Veterinary Diagnostics

The veterinary diagnostics is anticipated to witness huge growth during the forecast period. Numerous factors such as growing animal health expenditure, increasing occurrence of zoonotic diseases, and highly growing number of veterinary practitioners and their incomes in highly developed economies are also responsible for market growth. Several companies are investing in the huge expansion of their manufacturing facilities, which is anticipated to positively influence the market for animal health during the forecast period. There has been a rise in the demand for point-of-care diagnostics, such as pregnancy kits, and urinalysis strips, blood glucose monitors. Food animal diagnostics remain confined to labs because of the high sensitivity and efficacy requirements in disease testing. Thus, this boosts the market growth.

Opportunities

• Growing Initiatives by Government Organizations

There has been several initiatives by different organizations and market players that are leading to the growth of the market. Several policymakers in many countries are struggling to achieve total food security that propels large-scale food productions and results in higher rearing of livestock. The policies are particularly concerned with long-term sustainability, which can be achieved by combining increased output with improved livestock veterinary care.. Furthermore, a high number of mergers and acquisitions are also building the market growth. For instance, Elanco acquired Bayer, resulting in the multimarket distribution of their products, including pharmaceuticals. Mergers and acquisitions are considered one of the primary factors that is contributing to segment growth during the years. According to the Food and Agriculture Organization, in developing economies, animal-based food products account for one-third of human protein consumption, which includes an increase in livestock productivity, that is essential to meet the dietary needs of the increasing human population.

Restraints/Challenges

• Increased Restrictions Associated With The Use of Animal Products

The government has imposed numerous restrictions associated with the use of animal products to safeguard the extinction of many animals globally. There are multiple rules and regulations have been set associated with hunting and manufacturing animal products to protect them from mortality and rapid climate change. Thus, it restrains the market growth.

This animal treatment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the animal treatment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Global Animal Treatment Market

During the pandemic, the trend for telemedicine has witnessed major growth. Online channels, such as e-commerce, seemed to be the most preferred distribution channels by different pet owners for purchasing vet products and pet food. Major market players operating in the market observed growth during the pandemic despite the restriction & supply chain disruption. For instance, IDEXX reported a 12% increase in year-on-year revenue.

In the post-pandemic era, there will be a shift in business models for different veterinarians. Traditional veterinary practices produce a majority of their revenues from selling high-margin products such as pharmaceuticals. Though, as the adoption of telehealth has been incraesed, the demand for knowledge, and consulting solutions will rise. Large-scale animal health companies are focusing on different innovative strategies to gain a competitive edge. Thus, COVID-19 left a major impact on the market growth.

Global Animal Treatment Market Scope

The animal treatment market is segmented on the basis of animal type, treatment, product and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Animal Type

• Dogs
• Cats
• Cattle
• Pigs
• Horses
• Poultry

Treatment

• No Medicalization
• Basic Medicalization
• Veterinary Care

Product

• Pharmaceuticals
• Feed Additives
• Vaccines

End-user

• Hospital and Clinics
• Diagnostic Laboratories
• Others

Animal Treatment Regional Analysis/Insights

The animal treatment market is analyzed and market size insights and trends are provided by animal type, treatment, product and end-user as referenced above.

The countries covered in the animal treatment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the animal treatment market because of the wide use of modern technology for numerous services and diagnoses that help the physician decide on an appropriate line of treatment with modern medicines.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to the technological advancements and advanced therapies for animal healthcare.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The animal treatment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for animal treatment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the animal treatment market. The data is available for historic period 2011-2021.

Competitive Landscape and Global Animal Treatment Market Share Analysis

The animal treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to animal treatment market.

Some of the major players operating in the animal treatment market are:

• Zoetis (U.S.)
• Merck KGaA (Germany)
• Boehringer Ingelheim International Gmbh (Germany)
• Amgen Inc. (U.S.)
• Pfizer Inc (U.S.)
• Elanco (U.S.)
• Phibro Animal Health Corporation (U.S.)
• Abaxis (U.S.)
• Virbac (France)
• Neogen Corporation (U.S.),
• Heska Corporation (U.S.)
• Vetoquinol (India)
• Bayer AG (Germany)
• Nutreco (Netherlands)
• Sanofi (France)
• Taj Pharmaceuticals Limited (U.S.)
• Bavarian Nordic (Denmark)

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