Animal Health Market
Report ID: SQMIG35D2005
Report ID: SQMIG35D2005
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Report ID:
SQMIG35D2005 |
Region:
Global |
Published Date: May, 2025
Pages:
185
|Tables:
92
|Figures:
71
Global Animal Health Market size was valued at USD 67.92 Billion in 2024 poised to grow from USD 72.88 Billion in 2025 to USD 128.05 Billion by 2033, growing at a CAGR of 7.3% in the forecast period (2026–2033).
The fast-rising global population particularly in developing economies, naturally leads to a higher consumption of all animal feeds, including meat, dairy and eggs. As incomes increase, and populations urbanize, dietary choices continually shift toward diets rich in protein. This all-places tremendous strain on livestock production to keep up with demand. Farmers and producers overall are committed to prioritizing animal health to increase productivity, reduce animal health loss from diseases and other disruptions. There creates an urgent market need for animal health products too, ranging from vaccines, antibiotics and nutritional supplements, and other animal health solutions. The surge in the consumption of animal protein directly drives a surge in investment for animal health solutions all around the world.
Technological innovations in veterinary medicine are the key trends driving the global animal health sector. With the advancement of diagnostics, what was once a relatively slow and often inexact process for the detection of disease can now be done faster and more accurately. New diagnostic methods, such as molecular tests and the introduction of portable devices, have provided more opportunities to detect disease with greater probability under shorter timeframes. Likewise, the development of vaccines as recombinant or DNA-based systems has provided better immunogenicity with fewer adverse events. Together these advancements now provide for proactive interventions and reduce mortality and morbidity rates for livestock and pets. As animals return to good health, farmers and pet owners alike can expect better herd health and productivity; which will also mean better profitability. Such advances not only inform and improve animal welfare; they it also plays a role in improving food security; a major indication in any market expansion.
How does AI Enhance the Accuracy of Medical Image Analysis in Animal Health?
AI is revolutionizing the global animal health market by enabling early disease detection through real-time monitoring. AI-powered wearable devices collect data on livestock vital signs and behavior, allowing algorithms to identify health issues like lameness before symptoms worsen. This early detection reduces animal mortality and improves productivity. Additionally, AI-driven diagnostic tools analyze medical images and biological data with high accuracy, enhancing veterinary treatment outcomes. Consequently, farmers and veterinarians can implement timely interventions, lower healthcare costs and prevent disease outbreaks. These innovations boost overall animal welfare and drive increased adoption of AI solutions in animal health management.
In January 2025, PetPace launched its Health 2.0 smart collar, an AI/ML-powered wearable that monitors vital signs, behavior, and stress levels in pets. It won the "IoT Wearable Device of the Year" award at CES 2025, highlighting its role in advancing pet health monitoring.
Market snapshot - 2026–2033
Global Market Size
USD 63.3 Billion
Largest Segment
Production Animals
Fastest Growth
Companion Animals
Growth Rate
7.3% CAGR
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The global animal health market is segmented based on animal type, product, end use, and regions. In terms of animal type, the market is divided into production animals and companion animals. Based on product, the market is grouped into biologics, pharmaceuticals, medicinal feed additives, diagnostics, equipment & disposables, and others. Based on end use, the market is segmented into veterinary reference laboratories, point-of-care testing/in-house testing, veterinary hospitals & clinics, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.
How do Production Animals Contribute to Food Security?
Based on the global animal health market forecast, production animals such as cattle, poultry, swine, and aquaculture species, dominate the industry due to their critical role in food security and economic stability. Innovations like AI-powered wearables and precision livestock farming technologies enhance disease detection and productivity. For instance, Merck Animal Health's collaboration with Allflex Livestock Intelligence introduced the WHISPER ON ARRIVAL tool, predicting which cattle will benefit from medication for Bovine Respiratory Disease (BRD).
The companion animal segment is poised to be the fastest-growing sector in the global animal health market, driven by increasing pet ownership and the humanization of pets. As pets are increasingly viewed as family members, owners are investing more in their health and well-being. This trend is fueling demand for advanced diagnostics, pharmaceuticals, and preventive care, leading to rapid market expansion.
What Drives the Continuous Growth of the Pharmaceutical Segment?
Pharmaceuticals dominate the global animal health market due to their critical role in preventing and treating diseases in both livestock and pets. Innovations like targeted monoclonal antibodies improve treatment efficacy and animal welfare. As livestock numbers and pet ownership rise, demand for effective drugs grows, ensuring food safety and animal health. This essential role in disease management and increasing need for advanced therapies sustains pharmaceuticals’ market leadership and continuous growth.
The sector is poised to be the fastest-growing segment in the global animal health market, driven by the increasing global demand for high-quality animal-based proteins and the need for sustainable livestock management. These additives comprising antibiotics, probiotics, vitamins, and enzymes enhance animal health, growth, and feed efficiency.
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Why is the North American Animal Health Market Considered Advanced?
As per the global animal health market analysis, North America leads the industry due to its advanced veterinary infrastructure and high pet ownership rates. Strong regulatory frameworks and significant investments in R&D drive innovation in animal healthcare products. The region benefits from widespread adoption of AI-powered diagnostics and precision livestock farming. Additionally, rising consumer awareness about animal welfare and food safety fuels demand for vaccines, pharmaceuticals, and feed additives, reinforcing North America’s dominance in regional outlook.
US Animal Health Market
The U.S. leads North America’s animal health market due to its large companion animal population and advanced veterinary care infrastructure. High investment in R&D and innovative pharmaceuticals like Zoetis’ Librela drive market growth. Increasing pet ownership and rising demand for preventive healthcare cause greater adoption of vaccines and diagnostics, reinforcing the U.S. as the dominant contributor in the region.
Canada Animal Health Market
Canada’s animal health market grows rapidly because of expanding pet ownership and increasing awareness of animal welfare. Government regulations and investments in livestock health boost pharmaceutical and diagnostic use. Rising demand for companion animal healthcare causes accelerated growth in innovative products. This combination positions Canada as a key player contributing significantly to North America’s overall animal health market expansion.
What Services are Considered Advanced in Europe’s Veterinary Sector?
Europe holds a significant share in the global animal health market, driven by stringent animal welfare regulations and a strong focus on disease prevention. Advanced veterinary services and rising pet ownership fuel demand for pharmaceuticals and vaccines. Innovations in biologics and diagnostics enhance animal health management. Additionally, growing consumer awareness about food safety and sustainability supports the expansion of the production animal segment, reinforcing Europe’s strategic position in the global animal health market revenue.
Germany Animal Health Market
Germany is a key player in Europe’s animal health market, driven by strong pharmaceutical manufacturing and research capabilities. The country focuses on livestock health and advanced vaccine development. Growing pet ownership and government regulations on animal welfare stimulate demand for innovative treatments. Germany’s leadership in biotech and veterinary diagnostics supports sustainable animal farming and disease prevention, strengthening its global market presence.
France Animal Health Market
France contributes significantly through its large livestock industry and robust veterinary pharmaceutical sector in the Europe’s animal health market. Government initiatives promote animal welfare and food safety, boosting demand for vaccines and feed additives. Growing companion animal ownership also drives pharmaceutical and diagnostic markets. France’s emphasis on sustainable agriculture and biosecurity measures enhances disease control, positioning it as a major contributor to the Europe’s animal health market.
UK Animal Health Market
The UK’s animal health market is propelled by advanced veterinary care, strong biotech innovation, and high pet ownership. It leads in developing vaccines and biologics for both companion and production animals. Regulatory support and consumer focus on animal welfare accelerate adoption of preventive healthcare products. The UK’s research institutions collaborate globally, fostering innovations that strengthen its influential role in the global animal health market.
What Kind of Veterinary Care is in Demand in Asia Pacific?
Asia Pacific is a rapidly expanding region in the global animal health market, driven by growing livestock farming and rising pet ownership. Increasing disposable incomes and urbanization boost demand for advanced veterinary care and pharmaceuticals. Government initiatives on animal disease control and food safety further propel market growth. Innovations in diagnostics and feed additives support sustainable agriculture, making Asia Pacific a key growth hotspot with significant investment in animal health infrastructure and technology adoption.
Japan Animal Health Market
Japan’s animal health market is growing steadily, driven by increasing pet ownership and heightened awareness of zoonotic diseases. Advanced veterinary diagnostics and therapeutic innovations, supported by a strong pharmaceutical industry, play a key role. Government focus on animal welfare and food safety further supports market expansion. These factors position Japan as a major contributor in the Asia Pacific region’s animal health landscape.
South Korea Animal Health Market
South Korea’s animal health market is rapidly expanding, propelled by rising companion animal ownership and demand for quality veterinary care. The market benefits from technological advancements in pharmaceuticals and diagnostics, alongside government initiatives promoting animal welfare. Increasing consumer awareness about pet health drives pharmaceutical and preventive product sales, making South Korea an important growth hub within the Asia Pacific animal health market.
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Animal Health Market Drivers
Rising Pet Ownership
Livestock Industry Expansion
Animal Health Market Restraints
Lack of Awareness in Developing Regions
Shortage of Skilled Veterinary Professionals
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The global animal health market outlook is highly competitive, with key players including Zoetis, Elanco, Merck Animal Health, Boehringer Ingelheim, and Virbac. These companies focus on strategies like product innovation, mergers and acquisitions, and expanding diagnostic capabilities. For instance, Zoetis invests heavily in R&D for companion animal biologics, while Elanco enhances its livestock portfolio through strategic acquisitions, strengthening its global footprint and broadening its animal health product offerings.
As per the global animal health industry analysis, the market is witnessing a surge in startup activity driven by rising pet care awareness, demand for sustainable livestock solutions, and advancements in biotechnology and AI. Startups are addressing unmet needs through innovations in diagnostics, therapeutics, and nutrition. These new entrants often focus on niche areas underserved by major players, leveraging agility and advanced tech to disrupt conventional veterinary practices, making them vital contributors to the evolving animal healthcare ecosystem.
Top Player’s Company Profiles
Recent Developments in Animal Health Market
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global animal health industry is experiencing robust growth driven by increasing demand for animal-based proteins and rising pet ownership worldwide. Innovations in diagnostics, AI-powered monitoring, and advanced pharmaceuticals are transforming disease prevention and treatment, enhancing animal welfare and productivity. Regional dynamics highlight North America and Europe as mature markets with strong regulatory support, while Asia Pacific emerges as a key growth hotspot fueled by urbanization and livestock expansion.
Despite challenges like limited awareness in developing regions and veterinary workforce shortages, the market benefits from intensified R&D, strategic collaborations, and growing startup activity. These factors collectively reinforce a dynamic, technology-driven future for the global animal health market trends, supporting sustainable food production and improved companion animal wellbeing globally.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 67.92 Billion |
| Market size value in 2033 | USD 128.05 Billion |
| Growth Rate | 7.3% |
| Base year | 2024 |
| Forecast period | 2026–2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Animal Health Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Animal Health Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Animal Health Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Animal Health Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Global Animal Health Market size was valued at USD 67.92 Billion in 2024 poised to grow from USD 72.88 Billion in 2025 to USD 128.05 Billion by 2033, growing at a CAGR of 7.3% in the forecast period (2026–2033).
The global animal health market outlook is highly competitive, with key players including Zoetis, Elanco, Merck Animal Health, Boehringer Ingelheim, and Virbac. These companies focus on strategies like product innovation, mergers and acquisitions, and expanding diagnostic capabilities. For instance, Zoetis invests heavily in R&D for companion animal biologics, while Elanco enhances its livestock portfolio through strategic acquisitions, strengthening its global footprint and broadening its animal health product offerings. 'Zoetis Inc. (USA)', 'Merck Animal Health (MSD Animal Health) (USA)', 'Elanco Animal Health Incorporated (USA)', 'Boehringer Ingelheim Animal Health (Germany)', 'Bayer Animal Health (Germany)', 'Virbac (France)', 'Ceva Santé Animale (France)', 'Vetoquinol (France)', 'Dechra Pharmaceuticals (UK)', 'Phibro Animal Health Corporation (USA)', 'Heska Corporation (USA)', 'IDEXX Laboratories, Inc. (USA)', 'Ourofino Saúde Animal (Brazil)', 'Zydus Animal Health and Investments Ltd. (India)', 'China Animal Husbandry Industry Co., Ltd. (China)'
Growing global pet ownership, especially of dogs and cats, is significantly boosting the global animal health market growth. Increased human-animal bonding drives higher spending on preventive care, diagnostics, and pharmaceuticals. This trend supports growth in companion animal healthcare services, encouraging innovation and investment across the veterinary pharmaceutical and diagnostics industries.
Rise of Preventive Pet Healthcare: Growing awareness among pet owners is fueling demand for preventive care, including vaccinations, routine checkups, and wellness products. This trend is reshaping veterinary services, with increased spending on companion animal wellness, thereby driving innovation in diagnostics, digital tools, and early intervention therapies.
Why is the North American Animal Health Market Considered Advanced?
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