Press Release

Animal Health Market Share, Size, Top Key Players, Segmentation, Demand Forecast to 2026

Animal Health Market Growth by Prominent Players: Emergent BioSolutions, Inc., Boehringer Ingelheim International GmbH, Novartis AG, Virbac, Intervet Inc., Bayer AG, Zoetis, Ceva, Merck & Co., Inc., IDEXX Laboratories, Inc., CSL Limited, Elanco

Animal Health MarketThe global animal health market size is anticipated to reach USD 67.56 billion by 2026 owing to the increasing number of animal health issues worldwide. Animals have always been of immense help to man either as companions or as livestock. With time, man starting adopting animals and keeping them as pets. Animals, alike humans, are susceptible to infections and diseases and require medical aid. As per a recently published report by Fortune Business insights™ titled, “Animal Health Market Size, Share and Global Trend By Product (Drugs, Vaccines, Feed, and Diagnostics), By Animal (Livestock Animals and Companion Animals), By End User (Veterinary Hospitals & Clinics, Animal Care & Rehabilitation Centers, Diagnostic Centers, and Others) and Geography Forecast till 2026” the market size was USD 41.50 billion in 2018 and is anticipated to rise at a CAGR of 6.3%.

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/animal-health-market-102371

Leading Players operating in the Animal Health Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

  • Emergent BioSolutions, Inc.
  • Boehringer Ingelheim International GmbH
  • Novartis AG
  • Virbac
  • Intervet Inc.
  • Bayer AG
  • Zoetis
  • Ceva
  • Merck & Co., Inc.
  • IDEXX Laboratories, Inc.
  • CSL Limited
  • Elanco

Regional Analysis –

Presence of Advanced Teams for Research and Development Activities Will Aid Growth of the Market in North America

Geographically, the global animal health market is categorized into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. These regions are further categorized into nations. Among these, North America held the largest veterinary healthcare market share and generated a revenue of USD 14.12 billion in 2018. This is attributable to the presence of numerous animal health centers and technologically advanced team for research and development of novel therapeutics. Besides this, the rise in the number of pet owners and their rising concern for maintaining the health of their pets will help in the expansion of the market.

Europe stands second in the veterinary healthcare market, owing to the consistent growth witnessed in the past few years. Besides this, the market in Asia Pacific will witness significant growth on account of the increasing number of biopharma companies in countries such as India, Japan, and China.

More Trending Topics from Fortune Business Insights:

Coronavirus: Assessing the Economic Impact of the Pandemic

Hemostatic Agents Market Top Key Players, Global Share, Competitive Analysis, Geographic Overview and Segmentation By 2026

MRI Systems Market Global Analysis, Industry Insights, Trends, Growth, Share, Size and 2026 Forecast Research Report

Tags

Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close