The global animal healthcare market is expected to grow from USD 135.90 Billion in 2019 to USD 205.47 Billion by 2028 at a CAGR of 4.7% over the forecast period 2020-2028.

Market Overview:

The animal healthcare market has witnessed an enormous surge on a worldwide scale in recent years. The sharp increase in pet adoptions and the increasing incidence of infectious diseases being transferred from animals to people resulted in disease control programs' advancements. The advancements in the development of medicines for better animal health are the major factors contributing to the increased growth of the global animal healthcare industry.

In the coming years, the trend of adopting pets and maintaining their well-being is predicted to contribute to the rising demand for a spread of pet animal healthcare products.

Market Dynamics:

Drivers:

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• A sharp increase in pet adoption among the generation

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• Government initiatives and support for pet care

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• Growing demand for online veterinary pharmacies

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Restraints:

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• The comparatively high cost of animal drugs and vaccines

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• High maintenance of pets

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Opportunities:

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• An increasing rate of pet adoption

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• The growing availability of veterinary services

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Key Market Players:

Bayer, Boehringer Ingelheim, Dechra Pharmaceuticals, Elanco, Merck & Co.Inc., Zoetis, B. Braun Melsungen AG, Medtronic, IDEXX Laboratories are some of the prominent players in the global animal healthcare market.

The market is segmented based on the below-mentioned segments:

On the Basis of Products: Revenue & Volume

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• Pharmaceuticals

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• Drugs

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• Antiparasitic

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• Anti-inflammatory

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• Anti-infectives

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• Others

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• Vaccines

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• Modified live vaccines (MLV)

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• Killed inactivated vaccines

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• Others

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• Medicated feed additives

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• Antibiotics

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• Vitamins

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• Amino acids

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• Enzymes

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• Antioxidants

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• Prebiotics and probiotics

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• Minerals

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• Others

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• Medical devices

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• Veterinary Diagnostic Equipment

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• Veterinary Anesthesia Equipment

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• Veterinary Patient Monitoring Equipment

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• Veterinary Surgical Equipment

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• Veterinary Consumables

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• Others

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• Veterinary services

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• Others

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On the Basis of Animal Type: Revenue & Volume

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• Livestock animals

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  • Poultry

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  • Swine

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  • Cattle

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  • Fish

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  • Others

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• Companion animals

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  • Dogs

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  • Cats

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  • Horses

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  • Others

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On The Basis of Distribution Channel: Revenue & Volume

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• Pharmacies

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• Online

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• Distributors

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On The Basis Of Region: Revenue & Volume

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• North America

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  • U.S.

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  • Canada

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  • Mexico

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• Europe

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  • Germany

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  • UK

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  • France

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  • Italy

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  • Spain

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  • Rest of Europe

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• Asia Pacific

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  • China

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  • Japan

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  • India

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  • SEA

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  • Australia

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  • Rest Of APAC

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• South America

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  • Brazil

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  • Argentina

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  • Rest of South America

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• Middle East & Africa

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  • South Africa

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  • Saudi Arabia

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  • UAE

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  • Rest of MEA

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Report Description

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• Year Consideration

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  • Base year – 2019

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  • Historic Year-2016-2018

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  • Forecast year- 2020 to 2028

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• The global animal healthcare market will be based on revenue and volume. The study covers the market share for segments, countries, regions, and players.

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• The regions evaluated for the Global Animal Healthcare Market are Europe, North America, Asia Pacific, South America, America, and the Middle East & Africa. Furthermore, the regions are further analyzed at the country-level.

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• The report provides an in-depth pricing analysis, value chain analysis, industry road map, and micro and macro factors.

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• The research report further provides the attractiveness of animal healthcare and regions based on their growth rate (CAGR), market size, and attractiveness by analyzing present and future prospects to analyze market growth and development in the future.

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• Also, the study focuses on market-related driving forces, restraints, potential opportunities for the market, significant developments, and advancement that serve as a key potential for investors.

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• The study offers an extensive evaluation of the porter's five forces analysis, SWOT analysis, and PESTEL analysis to provide data and information related to the business.

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• Porter's five forces model is analyzed to understand the overall competitive scenario that prevails in the market. The SWOT analysis also identifies the positive as well as the negative characteristics of market development which influences the company’s growth and development to sustain and survive in the long run. The PESTEL analysis identifies the macro (external) forces affecting the organization.

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• The report includes a thorough analysis of the company profiles of major companies operating in the global animal healthcare market and a comparative evaluation based on their business overviews, product offering, geographic presence, market share, business strategy, recent developments, product development & innovations, joint ventures, partnerships, mergers & acquisitions, expansions, SWOT analysis, and key financial information. It helps in evaluating the overall competition present in the market scenario.

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