Companion Animal Healthcare Market Size

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Global Companion Animal Healthcare Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product Type, Pharmaceutical Products & Region - Industry Forecasts (2022 to 2027)

Published: January, 2022

ID: 1175

Pages: 175

Companion Animal Healthcare Market Size (2022 to 2027)

As per our report, the size of the global companion animal healthcare market was worth USD 16.26 Billion in 2022 and is estimated to reach USD 22.02 Billion by the end of 2027, registering a CAGR of 6.26% during the forecast period.

Y-O-Y growth in the number of pets, growing support from the governments, and technological development are the primary factors driving the global companion animal healthcare market.

Pets play a vital role in many lives by protecting a person, property, or residence, accelerating ownership worldwide. The growth in pet ownership is undoubtedly a significant factor in boosting the global companion animal healthcare market. According to the data published by Pet Secure, the United States has the highest ownership among all the nations (which includes 69,929,000 dogs, 74,059,000 cats, 8,300,000 birds, and 57,750,000 Fishes) and further stated that the American is spending an amount of 50 billion USD per annum on pets.

Additionally, the growing urbanized population and increasing prevalence of taking care of animal health by providing quality food products further enhance the growth rate of the companion animal healthcare market. The rise in the scale of veterinary hospitals with the help of private and public organizations is also favoring the market growth. The global companion animal healthcare market is fuelled by the increasing investments in the pharmaceutical industries to improve the quality of drugs and vaccines. An increase in disposable income and recent trend is leading to the rise in the number of companion animal, and growing pet insurance options in many countries are further propelling the demand for companion animal healthcare market.

The high cost of animal diagnosis of a product recall, rise in complication issues, and lack of standardization are expected to hamper the growth rate of the companion animal healthcare market.

Also, less knowledge over the dosage levels of the drugs and fluctuations in the availability of the raw materials are raising the price of the final products, further hindering the growth of the global companion animal healthcare market.

REPORT COVERAGE:

REPORT METRIC	DETAILS
Market Size Available	2021 to 2027
Base Year	2021
Forecast Period	2022 to 2027
Segments Covered	By Type, Production Technologies, and Region
Various Analyses Covered	Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
Regions Covered	North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

This research report on the global companion animal healthcare market has been segmented based on the type, production technologies, and region.

Companion Animal Healthcare Market - By Product Type:

Feed Additives
- Nutritional Feed Additives
  - Proteins
  - Minerals
  - Amino Acids
  - Vitamins
- Medicinal Feed Additives
  - Enzymes
  - Probiotics
  - Hormones
  - Immune Modulators
  - Prebiotics
  - Feed Acidifiers
Pharmaceuticals
Vaccines

Based on product type, the nutritional feed additives segment held a significant share in the global companion animal healthcare market in 2021. On the other hand, medicinal feed additives are estimated to grow at an impressive CAGR due to the growing need for treatment options in companion animals.

The vaccines segment is expected to grow competently during the forecast period. Increasing capital income in both developed and developing countries and rising incidences of various health disorders in companion animals are expected to fuel the growth rate of this segment.

Companion Animal Healthcare Market - By Pharmaceutical Products:

Ectoparasiticides
Endectocides
Antibiotics
Anti-inflammatories
Medicines for curing reproductive problems

Companion Animal Healthcare Market - By Region:

North America
Europe
Asia-Pacific
Latin America
Middle East and Africa

Geographically, the North American region accounted for a promising share in the global companion animal healthcare market in 2021, owing to increased pet expenditure. Europe and the Asia Pacific accounted for a substantial share of the global in 2021 due to the adoption of the latest technologies in the treatment procedures, increasing support from the governments with the upcoming constructional activities of the hospitals. Latin America is anticipated to register a healthy CAGR during the forecast period. The Middle East and Africa have slight variations in the growth rate in foreseen years.

TOP COMPANIES IN THE MARKET:

A few of the notable players in the global companion animal healthcare market profiled in the report are Bayer HealthCare AG, Bioniche Animal Health Canada, Sanofi Animal Health, Inc., Biogenesis Bago SA, Heska Corporation, Indian Immunologicals Ltd., Boehringer Ingelheim GmbH, Zoetis, Novartis Animal Health, Inc., Merck & Co. Inc. and Protein Sciences.

The market is very competitive, with major players accounting for about three fourth of the market. So, the companies are focusing more on their research and advancement in developmental activities to produce better pharmaceutical and vaccine products for their existing and newly diagnosed diseases. Therefore, more significant investment in Research and Development to develop drugs would fetch substantial growth to the companion animal health market participants.

RECENT MARKET DEVELOPMENTS:

In April 2019, Vita animal health launched a new animal companion health supplement. This product supports cardiovascular, joint, and skin health-related problems in cats, dogs, rabbits, and horses.
In February 2018, BioCheck introduced Avian Influenza H5-H7-H9 multiplex, which helps to diagnose influenza in poultry.

1.Introduction

1.1 Market Definition

1.2 Study Deliverables

1.3 Base Currency, Base Year and Forecast Periods

1.4 General Study Assumptions

2. Research Methodology

2.1 Introduction

2.2 Research Phases

2.2.1 Secondary Research

2.2.2 Primary Research

2.2.3 Econometric Modelling

2.2.4 Expert Validation

2.3 Analysis Design

2.4 Study Timeline

3. Overview

3.1 Executive Summary

3.2 Key Inferences

3.3 Epidemology

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

4.1 Market Drivers

4.2 Market Restraints

4.3 Key Challenges

4.4 Current Opportunities in the Market

5. Market Segmentation

5.1 Product

5.1.1 Introduction

5.1.2 Feed Additives

5.1.3 Pharmaceuticals

5.1.4 Vaccines

5.1.5 Y-o-Y Growth Analysis, By Product

5.1.6 Market Attractiveness Analysis, By Product

5.1.7 Market Share Analysis, By Product

6. Geographical Analysis

6.1 Introduction

6.1.1 Regional Trends

6.1.2 Impact Analysis

6.1.3 Y-o-Y Growth Analysis

6.1.4 Market Attractiveness Analysis

6.1.5 Market Share Analysis

6.2 North America

6.2.1 United States

6.2.2 Canada

6.3 Europe

6.3.1 Introduction

6.3.2 U.K

6.3.3 Spain

6.3.4 Germany

6.3.5 Italy

6.3.6 France

6.4 Asia-Pacific

6.4.1 Introduction

6.4.2 China

6.4.3 India

6.4.4 Japan

6.4.5 Australia

6.4.6 South Korea

6.5 Latin America

6.5.1 Introduction

6.5.2 Brazil

6.5.3 Argentina

6.5.4 Mexico

6.5.5 Rest of Latin America

6.6 Middle East & Africa

6.6.1 Introduction

6.6.2 Middle-East

6.6.3 Africa

7.Strategic Analysis

7.1 PESTLE analysis

7.1.1 Political

7.1.2 Economic

7.1.3 Social

7.1.4 Technological

7.1.5 Legal

7.1.6 Environmental

7.2 Porter’s Five analysis

7.2.1 Bargaining Power of Suppliers

7.2.2 Bargaining Power of Consumers

7.2.3 Threat of New Entrants

7.2.4 Threat of Substitute Products and Services

7.2.5 Competitive Rivalry within the Industry

8.Market Leaders' Analysis

8.1 Pfizer Animal health Ltd

8.1.1 Overview

8.1.2 Product Analysis

8.1.3 Financial analysis

8.1.4 Recent Developments

8.1.5 SWOT analysis

8.1.6 Analyst View

8.2 Merck & Co Inc.

8.3 Sanofi Aventis Animal Health

8.4 Zoetis Inc.

8.5 Boehringer Ingelheim GmbH

8.6 Elanco Products Company

8.7 Bayer AG

8.8 Novartis animal Health Inc.

8.9 Virbac SA

8.10 Ceva Sante Animale

8.11 Vetoquinol SA

9.Competitive Landscape

9.1 Market share analysis

9.2 Merger and Acquisition Analysis

9.3 Agreements, collaborations and Joint Ventures

9.4 New Product Launches

10.Market Outlook and Investment Opportunities

Appendix

a) List of Tables

b) List of Figures

Global Companion Animal Healthcare Market By Region, From 2022 - 2027 ( USD Billion )
Global Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Global Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Global Pharmaceuticals Market By Region, From 2022 - 2027 ( USD Billion )
Global Vaccines Market By Region, From 2022 - 2027 ( USD Billion )
Global Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
Global Nutritional Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Global Medicinal Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
North America Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
North America Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
North America Pharmaceuticals Market By Region, From 2022 - 2027 ( USD Billion )
North America Vaccines Market By Region, From 2022 - 2027 ( USD Billion )
United States Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Canada Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
North America Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
North America Nutritional Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
North America Medicinal Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
United States Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
Canada Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
Europe Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Europe Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Europe Pharmaceuticals Market By Region, From 2022 - 2027 ( USD Billion )
Europe Vaccines Market By Region, From 2022 - 2027 ( USD Billion )
U.K. Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Germany Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
France Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Italy Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Spain Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Europe Companion Animal Healthcare Market By Feed addiitves, From 2022 - 2027 ( USD Billion )
Europe Nutritional Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Europe Medicinal Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
U.K. Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
Germany Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
France Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
Italy Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
Spain Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
Asia-Pacific Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Asia-Pacific Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Asia-Pacific Pharmaceuticals Market By Region, From 2022 - 2027 ( USD Billion )
Asia-Pacific Vaccines Market By Region, From 2022 - 2027 ( USD Billion )
Japan Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
China Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
India Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Asia-Pacific Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
Asia-Pacific Nutritional Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Asia-Pacific Medicinal Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Japan Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
China Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
India Companion Animal Healthcare Market By Feed additives, From 2022 - 2027 ( USD Billion )
Latin America Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Latin America Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Latin America Pharmaceuticals Market By Region, From 2022 - 2027 ( USD Billion )
Latin America Vaccines Market By Region, From 2022 - 2027 ( USD Billion )
Brazil Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Rest of Latin America Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Latin America Companion Animal Healthcare Market By Feed addiitves, From 2022 - 2027 ( USD Billion )
Latin America Nutritonal Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Latin America Medicinal Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Brazil Companion Animal Healthcare Market By Feed addiitves, From 2022 - 2027 ( USD Billion )
Rest of Latin America Companion Animal Healthcare Market By Feed addiitves, From 2022 - 2027 ( USD Billion )
Middle East & Africa Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Middle East & Africa Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Middle East & Africa Pharmaceuticals Market By Region, From 2022 - 2027 ( USD Billion )
Middle East & Africa Vaccines Market By Region, From 2022 - 2027 ( USD Billion )
Middle East Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Africa Companion Animal Healthcare Market By Product type, From 2022 - 2027 ( USD Billion )
Middle East & Africa Companion Animal Healthcare Market By Feed addiitves, From 2022 - 2027 ( USD Billion )
Middle East & Africa Nutritonal Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Middle East & Africa Medicinal Feed Additives Market By Region, From 2022 - 2027 ( USD Billion )
Middle East Companion Animal Healthcare Market By Feed addiitves, From 2022 - 2027 ( USD Billion )
Africa Companion Animal Healthcare Market By Feed addiitves, From 2022 - 2027 ( USD Billion )

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FAQ's

How much was the global companion animal healthcare market worth in 2021?

The global companion animal healthcare market size was valued at USD 15.3 billion in 2021.

Does this report include the impact of COVID-19 on the companion animal healthcare market?

An analysis on how has the COVID-19 impacted the companion animal healthcare market is included in this report.

Which are the major players operating in the companion animal healthcare market?

Bayer HealthCare AG, Bioniche Animal Health Canada, Sanofi Animal Health, Inc., Biogenesis Bago SA, Heska Corporation, Indian Immunologicals Ltd., Boehringer Ingelheim GmbH, Zoetis, Novartis Animal Health, Inc., Merck & Co. Inc. and Protein Sciences are a few of the major participants in the companion animal healthcare market.

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