LONDON--(BUSINESS WIRE)--The global animal healthcare market is poised to grow by USD 7.98 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. Request free sample pages
Read the 120-page report with TOC on "Global Animal Healthcare Market Analysis Report by Product (Pharmaceutical, Feed additive, and Biological), by Geographic segmentation (North America, APAC, Europe, South America and MEA), and the Segment Forecasts, 2020-2024".
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Rising incidences of zoonotic diseases and the increasing role of organic tracing elements for improving livestock production is anticipated to boost the growth of the animal healthcare market.
Zoonotic disease is an infectious disease, which is transmitted by viruses, bacteria, parasites, or fungi through direct contact and indirect contact. These diseases are also vector-borne through mosquitoes, or are foodborne. Most medical cases of human infections with zoonoses come from livestock, including pigs, chickens, cattle, goats, sheep, and camels due to practices such as poor hygienic conditions at slaughterhouses, long transportation times, and high stocking densities of animals in feedlots. This is driving the need for antimicrobial drugs to avoid the spread of disease among animals and humans. Thus, the rise in incidence of zoonotic diseases is expected to drive market growth during the forecast period.
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Major Five Animal Healthcare Market Companies:
Bayer AG
Bayer AG operates the business under various segments such as Pharmaceuticals, Crop science, Consumer health, and Animal health. The company offers Advantix, which is used against a wide range of parasites such as ticks, fleas, mosquitoes, sand flies, and stable flies.
C. H. Boehringer Sohn AG & Co. KG
C. H. Boehringer Sohn AG & Co. KG offers products through the following business units: Human pharmaceuticals, Animal health, and Biopharmaceuticals. The company offers Metacam, which is used to reduce post-operative pain and inflammation after orthopaedic and soft tissue surgeries in dogs.
Cadila Healthcare Ltd.
Cadila Healthcare Ltd. focuses on the discovery, development, manufacturing, and commercialization of finished dosage human formulations, APIs, animal healthcare products, and consumer wellness products. The company offers Zobid, which is a NSAID used to reduce pain and inflammation associated with osteoarthritis in large and small animals.
Dechra Pharmaceuticals Plc
Dechra Pharmaceuticals Plc offers products through the following business segments: EU Pharmaceuticals, NA Pharmaceuticals, and Pharmaceuticals Research and Development. The company offers Carprofen, which are chewable tablets used for pain and inflammation associated with osteoarthritis in dogs.
Elanco Animal Health Inc.
Elanco Animal Health Inc. offers products through the following business segments: Companion Animal Disease Prevention, Companion Animal Therapeutics, Food Animal Future Protein and Health, and Food Animal Ruminants Swine. The company offers Onsior and Galliprant.
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Animal Healthcare Market Product Outlook (Revenue, USD Billion, 2020-2024)
- Pharmaceutical
- Feed additive
- Biological
Animal Healthcare Market Geographic Outlook (Revenue, USD Billion, 2020-2024)
- North America
- APAC
- Europe
- South America
- MEA
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