Get more information about the market: https://www.imarcgroup.com/animal-health-market The global animal health market reached a value of US$ 44 Billion in 2018. At present, the animal health industry is witnessing rapid growth as livestock farmers and pet owners across the globe have become more aware of the effects of animal disease outbreaks. The medicines used in the animal healthcare sector fall into three main categories, namely biologics, pesticides and pharmaceuticals. Want more information about this market? Request a free report sample: https://www.imarcgroup.com/request?type=report&id=1156&flag=B Contact Us IMARC Group James Smith Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 | https://www.imarcgroup.com Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 Linkedin: https://www.linkedin.com/company/imarc-group

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Global Animal Health Market Research Report,
Share, Size, Trends and Forecast By 2024

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3. Report DescriptionReport Description and Highlights
Animal Health Market Report By Product Type (Pharmaceuticals, Biologicals, Medicinal Feed
Additives and Diagnostics), Animal Type (Commercial and Companion), Region
The global animal health market has witnessed stable growth over the past few years. This can be
attributed to factors such as the introduction of animal vaccination programs, rising prevalence of
zoonotic diseases and increasing pet adoption rate.
Market Overview:
According to the latest market research report by IMARC Group, titled “Animal Health Market: Global
Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global animal health
market reached a value of US$ 44 Billion in 2018. At present, the animal health industry is witnessing
rapid growth as livestock farmers and pet owners across the globe have become more aware of the
effects of animal disease outbreaks. The medicines used in the animal healthcare sector fall into three
main categories, namely biologics, pesticides and pharmaceuticals. These medicines, including anti-
infectives and anti-inflammatories, are used for treating or preventing conditions including Lyme
disease, diabetes, tick infestation and feline leukemia. Over the past years, animal health has become
a vital part of the economic growth of numerous countries.

4. Report DescriptionReport Description and Highlights
Market Trends:
Governments of various nations have started introducing animal vaccination programs in order to fulfill
the rising demand for safe and nutritious animal-based products. These programs have provided a boost
to the sales of animal healthcare products including vaccines and other veterinary medicines. In
addition, rising incidences of zoonotic diseases have prompted the market players to formulate effective
medicines and adopt different marketing strategies to spread awareness about their products. The
growing prevalence of these diseases has also led to an increase in the number of veterinary hospitals
being established across the globe. Moreover, rising pet adoption is another emerging trend which has
influenced the growth of the global animal health industry owing to the consequent improvement in
access to veterinary services. Looking forward, the market is projected to reach US$ 58 Billion by 2024,
expanding at a CAGR of 5% during the forecast period (2019-2024).
Animal Health Market Segmentation:
Market Segmentation by Product Type
o Commercial
o Companion
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5. Sample Figure: Global: Animal Health Market Forecast: Sales Value (in Billion
US$), 2019-2024
184.3 191.7 199.3 207.3 215.6 224.2
2019 2020 2021 2022 2023 2024
Market Forecast

6. Report DescriptionMarket Segmentation
Based on animal types, the market has been segmented as commercial and companion animals.
Currently, commercial animals represent the largest segment.
Market Segmentation by Product
• Pharmaceuticals
• Biologicals
• Medicinal Feed Additives
• Diagnostics
On the basis of product types, the animal health market has been categorized into pharmaceuticals,
biologicals, medicinal feed additives and diagnostics. Amongst these, pharmaceuticals are the most
popular products used for curing and preventing animal diseases.
Market Segmentation by Region
• North America
• Europe
• Asia Pacific
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7. Report DescriptionMarket Segmentation
• Latin America
• Middle East and Africa
Region-wise, North America represents the largest animal health market, holding the majority of the total
share. This can be attributed to increasing R&D activities focused on the development of innovative
medicines for food-producing as well as companion animals. The other markets include Europe, Asia
Pacific, Latin America, and Middle East and Africa.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players.
• Bayer
• Elanco
• Merck
• Merial
• Zoetis Inc.
• Biogenesis Bago
• Boehringer Ingelheim
• Ceva Sante Animale
• Heska

8. North America
Latin America
Europe
Middle East and
Africa
Asia- Pacific
Regional Segmentation

9. Report DescriptionMarket Segmentation
• Neogen
• Novartis
• Thermo Fisher Scientific
• Vetoquinol
• Virbac
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We are the trusted business partners to the
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