Farm Animal Healthcare Market is Expected to Reach US$ 2,132.4 Mn by 2025
Global Farm Animal Healthcare Market is Expected to Reach US$ 2,132.4 Mn by 2025, Surge Prevalence of Various Farm Based Diseases in Animals
Analyst Speak:
“The Global Farm Animal Healthcare Market is expected to reach US$ 2,132.4 Mn by 2025 owing to increasing prevalence of various farm based diseases in animals and increased consumption of diary and meat products”
The global farm animal healthcare market is expected to reach US$ 2,132.4 Mn by 2025. Farm animals are reared for production of milk and meat products. The global farm animal healthcare market is driven by growing prevalence several diseases like food borne diseases, parasitic infections etc. among the farm animals. In addition, escalation in the demand for the animal source protein, the growth in the alertness about farm animal health, promising government instigations to promote animal health, an increase in the outlay on animal welfare might boost the farm animal healthcare market in the forecast period.
Though, rigorous regulatory policies for the sanction of veterinary medicines such as vaccines, high cost for the analysis and management of diseases, and strict guidelines for the use of antibiotics in the animal might obstruct the farm animal healthcare market over the prediction era.
Global farm animal healthcare market is segmented on the basis of product type, route of administration, animal type, distribution channel, and region.
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Vaccines Dominate the Global Farm Animal Healthcare Market
Based on the product type, global farm animal healthcare market is segmented into medicated feed additives, vaccines, pharmaceuticals, and others. Vaccines dominated the global farm animal healthcare market. Vaccination is a vital factor to guard the farm animals from disease and feasibly deaths, in several cases, universally. There is an extensive range of diseases for which vaccinations have been industrialized and well recognized for farm animals.
North America Leads the Global Farm Animal Healthcare Market
PBI’s global farm animal healthcare market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global farm animal healthcare market through 2014-2018 and expected to dominate over 2019-2025 owing to upsurge in the research and development activities for veterinary vaccines, increase in the occurrence of numerous infectious diseases in farm animals, an rise in the fondness for healthy meat and dairy products. Moreover, promising initiations from the government for the animal well-being, upsurge in the per capita income and increase in the consciousness about the vaccines for farm animals also push the farm animal healthcare market in North American region. Asia Pacific is a developing market due to intensification in the feasting of healthy meat and dairy products; growth in the mindfulness about animal diseases, an escalation in the per capita income might stream the growth of farm animal healthcare market in APAC region. Europe farm animal healthcare market accounted for a significant share in global farm animal healthcare market credited to its increasing occurrence of zoonotic and foodborne diseases in animals. For instance, according to European Food Safety Authority (EFSA), approximately 320,000 cases of zoonotic and foodborne diseases occur every year in European countries. Furthermore, upsurge in the research and development activities, production of huge amount of aquatics such as fish and prawns majorly in Norway, Ireland, UK, and escalation of the outlay on animal welfare are the key factors boosting the growth of farm animal healthcare market in Europe.
Launch of newer products, and strategic alliances are the key strategies adopted by market players
Global farm animal healthcare market further reveals that the key player’s increasingly adopting strategies such as launch of newer products, collaborations, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Ø For instance, in January 2017, Ceva Sante Animale acquired diversified portfolio of cattle and swine vaccines from Boehringer Ingelheim.
Key player’s profiles in the report are Alltech Inc. (USA), Boehringer Ingelheim GmbH (Germany), Zoetis, Inc. (Pfizer) (USA), Virbac AH Inc. (France), Elanco (Eli Lilly and Co.) (USA), Bayer HealthCare LLC, (Bayer AG) (Germany), Merck Animal Health (Merck & Co. Inc.) (USA), Dechra Pharmaceuticals (UK), and Ceva Sante Animale S.A. (France).
Precision Business Insights (PBI) in its report titled “Global Farm Animal Healthcare Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
Detailed Segmentation
By Product Type
- Medicated feed additives
- Vaccines
- Pharmaceuticals
- Others
By Route of Administration
- Oral
- Parenteral
- Topical
- Others
By Animal Type
- Cattle
- Poultry
- Aquaculture
- Swine
- Sheep
- Others
By Distribution Channel
- Veterinary Clinics
- Veterinary pharmacies
- Online pharmacies
- Others
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
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