The global animal healthcare market is growing due to the increasing animal population of both types: companion and production. Companion animals are those which people tame or adopt for companionship, house/office guards and production animals are raised for meat and milk-related products.
The new diseases in animals and their transfer to humans via their product consumption and companionship are propelling the animal healthcare market globally. Zoonoses are infectious diseases in vertebrate animals that can be transmitted directly or indirectly to humans. For example, Anisakiasis is an infection which people can get if they digest the worm (larvae) found in raw or undercooked infected fish. Food-borne zoonotic diseases in animals are caused from consuming food or drinking water which is contaminated by the pathogenic microorganism, such as bacteria (including Salmonella, Anisakiasis, Brucellosis, and Campylobacter), parasites and listeria. The incidence of food-borne and zoonotic diseases is increasing globally and it has raised the concern of pet owners and animal farm owners over the health profile of their animals. Brucellosis, a bacterial infection, which causes abortion or still birth in animals, is rising in the U.S. and other countries. This infection mostly affects goats and other livestock animals, such as sheep and cows.
However, some challenges have emerged in the form of regulations against the excess use of antibiotics in production animals, and legislations and protest of animal activists and institutions against animal research.
This report spans covers the present and forecast positions of the animal healthcare market. It discusses the global, regional and country-specific macroeconomic factors that are impacting this market. The report includes a chapter on the competitive scenario to map the competitive position of companies. The company profiles cover company overview, products and services, financial performance and the latest strategic developments of the company.
The report covers the major regions including North America, Europe and Asia-Pacific which include major countries with animal healthcare markets. ‘’Rest of the world’’ features a separate section which covers the market in Brazil.
"Feed additives" was the largest product segment in the animal healthcare market. Vaccines and pharmaceuticals were the other two segments. Production animals had the largest share as compared to companion animals in the animal healthcare market which is increasing due to increasing meat and milk consumption globally.
The major companies operating in the animal healthcare market were Zoetis, Merck, Merial, Bayer and Novartis. The market is very competitive with the top 10 players accounting for less than 75% share. A high degree of mergers, acquisitions and joint ventures taking place have made the market highly volatile in the last few years.
However, the competition is expected to reduce in the long run due to increasing consolidation activities taking place. The changing regulatory environment and the emergence of new companies may introduce competition of a new level in the global market.
Key points covered in the report
The report covers geographic segmentation
Increasing population of companion and production animals is driving the global animal healthcare market. The animals that serve man by giving companionship and guarding their houses/offices are termed as companion animals, while those animals which serve mankind with their meat and milk and fur are called production animals.
The new types of diseases in animals and their transfer to humans via their product consumption and companionship are escalating the animal healthcare market globally. However, some challenges in the form of regulations have emerged against the excess use of antibiotics in production animals, and legislations and protest of animal activists and institutions against animal research.
The animal healthcare market is very competitive with the top ten players accounting for about three-fourth of the market. The companies are focusing on their research and development activities to produce better pharmaceutical and vaccine products for the existing and newly diagnosed diseases.
The animal healthcare market is segmented as feed additives, pharmaceuticals and vaccines. Feed additives can be further categorized as nutritional feed additives and medicinal feed additives. Nutritional feed additives include amino acids, minerals and vitamins and are used for production animals for their optimal growth. Medicinal feed additives on the other hand include hormones, enzymes, immune-modulators, probiotics and prebiotics and feed acidifiers which target specific diseases in production and companion animals. Pharmaceutical products mainly comprise of endoparasiticides, ectoparasiticides, endectocides, antibiotics, anti-inflammatories and medicines for reproductive problems. Vaccines make animals disease-immune for a particular disease.