The Animal Health Global Market Report 2023, provides comprehensive information on the animal health market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Animal Health Market’s Growth:
https://www.thebusinessresearchcompany.com/report/animal-health-global-market-report
As per The
Business Research Company’s Animal Health Global Market Report 2023, the global
animal health market size is expected to grow from $46.95 billion in 2022 to
$50.99 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The
Russia-Ukraine war disrupted the chances of global economic recovery from the
COVID-19 pandemic, at least in the short term. The war between these two
countries has led to economic sanctions on multiple countries, a surge in
commodity prices, and supply chain disruptions, causing inflation across goods
and services and affecting many markets across the globe. The global animal
health market size is expected to reach $70.17 billion in 2027 at a CAGR of
8.31%.
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Tables):
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Technological
advancements are the key trends gaining popularity in the animal health market.
Major market players are concentrating their efforts on introducing new and
advanced technologies to strengthen their position in the market. For instance,
in April 2022, Elanco Animal Health Incorporated, a US-based animal health
company, and Ginkgo Bioworks, a US-based biotechnology company, launched
October 2022, Merck Animal Health, a US-based company that develops,
manufactures, and markets a broad range of veterinary medicines and services
launched Animo GPS, an activity and behaviour monitor for dogs with GPS
tracking capabilities. The product enables real-time tracking with position
updates starting every five seconds when in "Lost Dog Mode" and may
notify pet owners within 20 seconds if their dog exits its assigned "Safe
Zone." Smart technology is used by Animo GPS to track a dog's individual
activity levels and behaviour within an intuitive mobile app. Data on barking,
scratching, shaking, and sleep duration are all recorded by the device. If
there are any major changes in these behaviours, it can utilize an adaptive
algorithm to analyze this information and issue an alert via the app
The animal health
market is segmented:
1) By Product:
Vaccines, Pharmaceuticals, Medicinal Feed Additives, Diagnostics, Equipment And
Disposables, Other Products
2) By Animal
Type: Commercial, Companion
3) By Route Of
Administration: Oral, Parenteral, Topical
4) By End-User:
Veterinary Hospitals And Clinics, Animal Care And Rehabilitation Centers,
Diagnostic Centers
North America was
the largest region in the animal health market in 2022.
The table of contents in TBRC’s animal health market report includes:
1. Executive Summary
2. Animal Health Market Characteristics
3. Animal Health Market Trends And Strategies
4. Animal Health Market - Macro Economic Scenario
5. Animal Health Market Size And Growth
.
27. Animal Health
Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Animal Health Market
29. Animal Health Market Future Outlook and Potential Analysis
30. Appendix
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that include healthcare, manufacturing, financial services, chemicals, and
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with a network of proficient researchers in 28 countries. Through the report
businesses can gain a thorough understanding of the market’s size, growth rate,
major drivers and leading players.
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