Authored By: Sarah
20 Jul 2024

 Animal Health Market in North America Size to grow by USD 4.08 billion between 2024-2028

According to a research report “ Animal Health Market in North America” by Animal Type (Livestock, Companion animals) Product (Pharmaceutical, Feed additive, Biologicals) Geography (North America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4.08 billion, at a CAGR of 4.36% during the forecast period. The North American animal health market has experienced significant growth due to the increasing trend of pet ownership. Approximately 40% of households in North America own dogs, making them the most popular pet type. Cats follow closely with nearly 30% of households owning felines. The rise in disposable income and the shift in perception towards pets as family members have fueled this growth. Consequently, pet owners are increasingly prioritizing their pets' health and well-being, leading to a heightened demand for animal health products and services..

Browse market data tables, figures, and in-depth TOC on “Animal Health Market in North America” by Animal Type (Livestock, Companion animals) Product (Pharmaceutical, Feed additive, Biologicals) Geography (North America) Global Forecast to 2028. Download Free Sample

 

By Animal Type, the Livestock segment is projected to dominate the market size in 2024

The Animal Health Market in North America is experiencing significant growth, driven by rising pet ownership, increasing consumer spending on animal care, and advanced technologies in veterinary medicine. Key players in this industry include Zoetis, Elanco Animal Health, and Boehringer Ingelheim Vetmedica. These companies focus on developing innovative solutions to address animal health challenges, ensuring optimal animal wellbeing and productivity for farmers and pet owners alike.

By Product, Pharmaceutical  segment is expected to hold the largest market size for the year 2024

The Animal Health Market in North America is experiencing robust growth, driven by rising pet ownership, increasing consumer spending on animal care, and advancements in veterinary medicine. Key players in this sector include Elanco Animal Health, Zoetis, and Boehringer Ingelheim Vetmedica. These companies focus on developing innovative solutions to address animal health challenges, leveraging technologies such as genomics and precision medicine. The market is expected to continue expanding, driven by these trends and increasing demand for preventative care.

North America is forecasted to hold the largest market size by region in 2024

The Animal Health Market in North America is experiencing significant growth, driven by increasing pet ownership, rising awareness for animal welfare, and advancements in veterinary medicine. Key players in this industry include Elanco Animal Health, Zoetis, and Boehringer Ingelheim Vetmedica. Strategic collaborations, product innovation, and expansion into emerging markets are key strategies for market growth. The market is expected to reach USD35.2 billion by 2025.

The Animal Health Market in North America growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • American Animal Health Inc.
  • Alltech Inc.
  • Bimeda Holdings Ltd.
  • Boehringer Ingelheim International GmbH
  • Ceva Sante Animale
  • Eco Animal Health Group Plc
  • Elanco Animal Health Inc.
  • Huvepharma EOOD
  • Mars Inc.
  • Merck and Co. Inc.
  • PATTERSON COMPANIES, INC.
  • Phibro Animal Health Corp.
  • Thermo Fisher Scientific Inc.
  • Vetio
  • Virbac SA
  • Zoetis Inc.
.

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Research Analysis Overview

The Animal Health Market in North America is a significant sector, focusing on ensuring the well-being of companion animals, livestock, and zoo animals. This industry plays a crucial role in environmental sustainability by promoting agricultural productivity through healthy animal populations. Sustainable development is a key priority, with an emphasis on reducing the environmental impact of animal production. Diagnostics, digital technologies, and advanced veterinary products are driving innovation in the industry. Antimicrobial resistance and the overuse of antibiotics are major concerns, leading to a focus on disease prevention and alternative treatments. Veterinarians, farmers, pet owners, and diagnostic centers all benefit from the expanding awareness and availability of specific veterinary products and services. The Animal Health Industry offers a range of solutions, including diagnostic products, medicated animal feeds, vaccines, and drugs. Companion animals and livestock animals both receive veterinary healthcare, with a growing emphasis on digital technologies and telemedicine to improve access to care. Elevating income levels for farmers and pet owners is a key goal, as is ensuring the health and well-being of all animals.

Market Research Overview

The Animal Health Market in North America is experiencing significant growth due to the rising demand for treatment optimization, disease detection, and preventive healthcare for food-producing animals, as well as companion animals. The focus on animal welfare, public health, labor efficiency, and sustainable development is driving the market forward. Advanced veterinary care, personalized treatments, and innovative technologies are becoming increasingly important in the industry. Biopharmaceutical companies and animal health manufacturers are investing in diagnostics, digital technologies, and specialized therapies, including DNA sequencing, polymerase chain reaction (PCR), and cell-based therapies. Gene editing and precision medicines are also gaining popularity for their ability to provide cutting-edge treatments for various animal diseases. The animal health industry serves a wide range of animals, from livestock such as cattle, pigs, and poultry, to companion animals like dogs and cats. Commercial needs for improved product quality, higher yields, and profitability are driving the market for medicated animal feeds, vaccines, and drugs. Activity monitoring devices, such as activity tracking collars, are also gaining popularity for their ability to prevent abnormalities in animals and improve herd or flock health and productivity. The pet care market is also expanding due to the phenomenon of pet humanization, with a rising demand for specialized pet care products and advanced veterinary services. Major players in the animal health market include Virbac, Vetoquinol, Thermo Fisher Scientific, Neogen, Heska, Ceva Sante Animale, Boehringer Ingelheim, Biogenesis Bago, Elanco, and Bayer. The market is witnessing rapid advancements, with emerging biotechnology and escalating preventive healthcare services. Recommendations for animal health include timely vaccinations, production losses due to livestock diseases, and expanding awareness of zoonotic diseases. Diagnostic centers play a crucial role in the industry, offering services for various animal types and product types, including eggs, dairy, meat, and milk. In conclusion, the animal health market in North America is a dynamic and growing industry, driven by the need for preventive healthcare, disease detection, and treatment optimization for food-producing and companion animals. The market is witnessing significant investments in innovative technologies, advanced veterinary products, and personalized treatments, with major players contributing to the industry's growth.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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