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Wildlife Health Market Trends

Report ID: GMI11145 Published Date: August 2024Report Format: PDF
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Wildlife Health Market Trends

Increased research funding and support facilitate advanced studies on wildlife diseases, improved diagnostic tools, and more effective treatment options. Additionally, funding from government agencies and private organizations expedites research initiatives, thereby expanding efforts to tackle emerging health threats and enhance disease management.

  • For instance, in February 2023, scientists at the U.S. Department of Agriculture (USDA) Research Service worked on new tests to detect COVID-19 and its variants, as well as tools for tracking the virus in both wild and domestic animals, supported by five projects funded by the American Rescue Plan. Among these projects, two focus on developing user-friendly field tests to enable rapid identification of COVID-19 infections in animals. This initiative aimed to enhance the ability to monitor and manage the spread of the virus across different animal populations.
  • Consequently, increasing research efforts aimed at developing innovative treatment options for wildlife healthcare are expected to drive research funding and animal healthcare expenditures, thereby stimulating market growth.

Moreover, the growing animal healthcare expenditure, increasing awareness of zoonotic diseases, government support, and strategic expansions by major players further propel market demand.

Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

What is the size of wildlife health market?+

The wildlife health industry size was valued at USD 2.3 billion in 2023 and is estimated to grow at 8.9% CAGR from 2024 to 2032, due to increasing awareness of zoonotic diseases that can spread between animals and humans.

How will mammals segment influence the growth of wildlife health industry?+

The mammals segment accounted for USD 1 billion in 2023 and is slated to record a CAGR of 8.8% through 2032, driven by the need to manage and prevent disease outbreaks, protect biodiversity, and ensure public health.

How big is the U.S. wildlife health industry?+

The U.S. wildlife health market accounted for USD 921.3 million in 2023 and is expected to show considerable growth through 2032, due to its extensive resources, advanced research capabilities, and substantial investments from federal agencies.

Which companies define the competitive landscape of wildlife health industry?+

Esaote SpA, Esco VacciXcell, Fagron, Hidrolab, Huvepharma, NexGen Pharmaceuticals, Nextech, Virbac, Telemetry solutions, and Wildlife Computers among others.

Wildlife Health Market Scope

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