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Animal Healthcare Market Share

Report ID: GMI735
Published Date: Aug 2024
Report Format: PDF

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Animal Healthcare Market Share

The animal healthcare industry is highly competitive and consists of several major players, including Zoetis Inc., Elanco Animal Health, Merck & Co., Inc., IDEXX Laboratories Inc. and Boehringer Ingelheim International GmbH, to name a few. These companies provide a wide range of products and services for both companion animals and livestock including medications, vaccinations, diagnostics, and feed additives.

Animal Healthcare Market Companies

Prominent players operating in the animal healthcare industry include:

B. Braun Vet Care (B Braun Melsungen AG)
Boehringer Ingelheim International GmbH
Ceva Sante Animale
Dechra Pharmaceuticals
Elanco Animal Health
Endovac Animal Health
HIPRA
IDEXX Laboratories, Inc.
Medtronic plc
Merck & Co, Inc.
Neogen Corporation
Sklar Surgical Instruments
Symrise
Vetoquinol SA
Virbac SA
Zoetis, Inc.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The animal healthcare industry was valued at USD 186.1 billion in 2023 and is expected to witness a CAGR of 6% through 2032, due to the increasing pet ownership rates leading to higher spending on their healthcare.

In 2023, veterinary services segment accounted for highest share of 75.9% in market, backed by the focus on animal welfare and health, and advancements in veterinary healthcare technologies.

North America held the largest market share of 38.9% in 2023 and is anticipated to expand at a 5.5% CAGR through 2032, attributed to well-established veterinary healthcare infrastructure, increasing pet adoption rates, and high population of livestock.

Elanco Animal Health, Endovac Animal Health, HIPRA, IDEXX Laboratories, Inc., Medtronic plc, Merck & Co, Inc., Neogen Corporation, and Sklar Surgical Instruments among others.