Animal Treatment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The animal healthcare is a rapidly growing market which has full filled the needs of several livestock and companion animal species. Currently, various established companies are increasingly focusing on the development of healthcare products and services for companion animals. The companion animal healthcare business has witnessed several technological advances and scientific innovations over the past few years. Advancements in veterinary technology and diagnostics continue to improve the ability to diagnose diseases as early as possible. Nowadays, thousands of animal healthcare hospitals are devoted to the treatment of various animals.
MARKET DYNAMICS
Animal treatment market is driving due to factors such as increasing government initiatives, which ensure maximum preventive healthcare in animals. A majority of the developed economies have norms that facilitate owners to have pet insurance. As a result, owners have started prioritizing the health of their companion animals. Moreover, increasing animal welfare initiatives and the improving regulatory framework have also contributed to the growth of the market. Several countries involved in the animal treatment market have been developing superior quality and highly efficient veterinary products. However, factors such as, high cost associated with animal healthcare drugs in low-middle income countries and limited awareness about animal treatments is expected to hamper the market growth.
MARKET SCOPE
The Animal treatment market analysis to 2028 is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Animal treatment market with detailed market segmentation by animal type and treatment. The Animal treatment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Animal treatment market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Animal treatment market is segmented on the basis of animal type and treatment. Based on animal types, the market is segmented as dogs, cats, cattle, pigs, horses, and poultry. Based on treatment, market is segmented as no medicalization, basic medicalization, and veterinary care.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Animal treatment market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Animal treatment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Animal treatment market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Animal treatment market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Animal treatment market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Animal treatment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Animal treatment market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Animal treatment market in these regions.
MARKET PLAYERS
The report covers key developments in the Animal treatment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Animal treatment market are anticipated to have lucrative growth opportunities in the future with the rising demand for Animal treatment in the global market. Below mentioned is the list of few companies engaged in the Animal treatment market.
The report also includes the profiles of key players in Animal treatment market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Zoetis
- Heska Corporation
- Boehringer Ingelheim
- Elanco
- Ceva
- Phibro Animal Health Corporation
- Abaxis
- Virbac SA
- IDEXX Laboratories, Inc.
- Neogen Corporation
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Animal Treatment Market - By Animal Type
1.3.2 Animal Treatment Market - By Treatment
1.3.3 Animal Treatment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ANIMAL TREATMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ANIMAL TREATMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ANIMAL TREATMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. ANIMAL TREATMENT - GLOBAL MARKET OVERVIEW
6.2. ANIMAL TREATMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ANIMAL TREATMENT MARKET - REVENUE AND FORECASTS TO 2028 - ANIMAL TYPE
7.1. OVERVIEW
7.2. ANIMAL TYPE MARKET FORECASTS AND ANALYSIS
7.3. DOGS
7.3.1. Overview
7.3.2. Dogs Market Forecast and Analysis
7.4. CATS
7.4.1. Overview
7.4.2. Cats Market Forecast and Analysis
7.5. CATTLE
7.5.1. Overview
7.5.2. Cattle Market Forecast and Analysis
7.6. PIGS
7.6.1. Overview
7.6.2. Pigs Market Forecast and Analysis
7.7. HORSES
7.7.1. Overview
7.7.2. Horses Market Forecast and Analysis
7.8. POULTRY
7.8.1. Overview
7.8.2. Poultry Market Forecast and Analysis
8. ANIMAL TREATMENT MARKET - REVENUE AND FORECASTS TO 2028 - TREATMENT
8.1. OVERVIEW
8.2. TREATMENT MARKET FORECASTS AND ANALYSIS
8.3. NO MEDICALIZATION
8.3.1. Overview
8.3.2. No Medicalization Market Forecast and Analysis
8.4. BASIC MEDICALIZATION
8.4.1. Overview
8.4.2. Basic Medicalization Market Forecast and Analysis
8.5. VETERINARY CARE
8.5.1. Overview
8.5.2. Veterinary Care Market Forecast and Analysis
9. ANIMAL TREATMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Animal Treatment Market Overview
9.1.2 North America Animal Treatment Market Forecasts and Analysis
9.1.3 North America Animal Treatment Market Forecasts and Analysis - By Animal Type
9.1.4 North America Animal Treatment Market Forecasts and Analysis - By Treatment
9.1.5 North America Animal Treatment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Animal Treatment Market
9.1.5.1.1 United States Animal Treatment Market by Animal Type
9.1.5.1.2 United States Animal Treatment Market by Treatment
9.1.5.2 Canada Animal Treatment Market
9.1.5.2.1 Canada Animal Treatment Market by Animal Type
9.1.5.2.2 Canada Animal Treatment Market by Treatment
9.1.5.3 Mexico Animal Treatment Market
9.1.5.3.1 Mexico Animal Treatment Market by Animal Type
9.1.5.3.2 Mexico Animal Treatment Market by Treatment
9.2. EUROPE
9.2.1 Europe Animal Treatment Market Overview
9.2.2 Europe Animal Treatment Market Forecasts and Analysis
9.2.3 Europe Animal Treatment Market Forecasts and Analysis - By Animal Type
9.2.4 Europe Animal Treatment Market Forecasts and Analysis - By Treatment
9.2.5 Europe Animal Treatment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Animal Treatment Market
9.2.5.1.1 Germany Animal Treatment Market by Animal Type
9.2.5.1.2 Germany Animal Treatment Market by Treatment
9.2.5.2 France Animal Treatment Market
9.2.5.2.1 France Animal Treatment Market by Animal Type
9.2.5.2.2 France Animal Treatment Market by Treatment
9.2.5.3 Italy Animal Treatment Market
9.2.5.3.1 Italy Animal Treatment Market by Animal Type
9.2.5.3.2 Italy Animal Treatment Market by Treatment
9.2.5.4 Spain Animal Treatment Market
9.2.5.4.1 Spain Animal Treatment Market by Animal Type
9.2.5.4.2 Spain Animal Treatment Market by Treatment
9.2.5.5 United Kingdom Animal Treatment Market
9.2.5.5.1 United Kingdom Animal Treatment Market by Animal Type
9.2.5.5.2 United Kingdom Animal Treatment Market by Treatment
9.2.5.6 Rest of Europe Animal Treatment Market
9.2.5.6.1 Rest of Europe Animal Treatment Market by Animal Type
9.2.5.6.2 Rest of Europe Animal Treatment Market by Treatment
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Animal Treatment Market Overview
9.3.2 Asia-Pacific Animal Treatment Market Forecasts and Analysis
9.3.3 Asia-Pacific Animal Treatment Market Forecasts and Analysis - By Animal Type
9.3.4 Asia-Pacific Animal Treatment Market Forecasts and Analysis - By Treatment
9.3.5 Asia-Pacific Animal Treatment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Animal Treatment Market
9.3.5.1.1 Australia Animal Treatment Market by Animal Type
9.3.5.1.2 Australia Animal Treatment Market by Treatment
9.3.5.2 China Animal Treatment Market
9.3.5.2.1 China Animal Treatment Market by Animal Type
9.3.5.2.2 China Animal Treatment Market by Treatment
9.3.5.3 India Animal Treatment Market
9.3.5.3.1 India Animal Treatment Market by Animal Type
9.3.5.3.2 India Animal Treatment Market by Treatment
9.3.5.4 Japan Animal Treatment Market
9.3.5.4.1 Japan Animal Treatment Market by Animal Type
9.3.5.4.2 Japan Animal Treatment Market by Treatment
9.3.5.5 South Korea Animal Treatment Market
9.3.5.5.1 South Korea Animal Treatment Market by Animal Type
9.3.5.5.2 South Korea Animal Treatment Market by Treatment
9.3.5.6 Rest of Asia-Pacific Animal Treatment Market
9.3.5.6.1 Rest of Asia-Pacific Animal Treatment Market by Animal Type
9.3.5.6.2 Rest of Asia-Pacific Animal Treatment Market by Treatment
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Animal Treatment Market Overview
9.4.2 Middle East and Africa Animal Treatment Market Forecasts and Analysis
9.4.3 Middle East and Africa Animal Treatment Market Forecasts and Analysis - By Animal Type
9.4.4 Middle East and Africa Animal Treatment Market Forecasts and Analysis - By Treatment
9.4.5 Middle East and Africa Animal Treatment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Animal Treatment Market
9.4.5.1.1 South Africa Animal Treatment Market by Animal Type
9.4.5.1.2 South Africa Animal Treatment Market by Treatment
9.4.5.2 Saudi Arabia Animal Treatment Market
9.4.5.2.1 Saudi Arabia Animal Treatment Market by Animal Type
9.4.5.2.2 Saudi Arabia Animal Treatment Market by Treatment
9.4.5.3 U.A.E Animal Treatment Market
9.4.5.3.1 U.A.E Animal Treatment Market by Animal Type
9.4.5.3.2 U.A.E Animal Treatment Market by Treatment
9.4.5.4 Rest of Middle East and Africa Animal Treatment Market
9.4.5.4.1 Rest of Middle East and Africa Animal Treatment Market by Animal Type
9.4.5.4.2 Rest of Middle East and Africa Animal Treatment Market by Treatment
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Animal Treatment Market Overview
9.5.2 South and Central America Animal Treatment Market Forecasts and Analysis
9.5.3 South and Central America Animal Treatment Market Forecasts and Analysis - By Animal Type
9.5.4 South and Central America Animal Treatment Market Forecasts and Analysis - By Treatment
9.5.5 South and Central America Animal Treatment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Animal Treatment Market
9.5.5.1.1 Brazil Animal Treatment Market by Animal Type
9.5.5.1.2 Brazil Animal Treatment Market by Treatment
9.5.5.2 Argentina Animal Treatment Market
9.5.5.2.1 Argentina Animal Treatment Market by Animal Type
9.5.5.2.2 Argentina Animal Treatment Market by Treatment
9.5.5.3 Rest of South and Central America Animal Treatment Market
9.5.5.3.1 Rest of South and Central America Animal Treatment Market by Animal Type
9.5.5.3.2 Rest of South and Central America Animal Treatment Market by Treatment
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL ANIMAL TREATMENT MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ANIMAL TREATMENT MARKET, KEY COMPANY PROFILES
12.1. ZOETIS
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. HESKA CORPORATION
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BOEHRINGER INGELHEIM
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ELANCO
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. CEVA
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. PHIBRO ANIMAL HEALTH CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ABAXIS
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. VIRBAC SA
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. IDEXX LABORATORIES, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. NEOGEN CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Zoetis
2. Heska Corporation
3. Boehringer Ingelheim
4. Elanco
5. Ceva
6. Phibro Animal Health Corporation
7. Abaxis
8. Virbac SA
9. IDEXX Laboratories, Inc.
10. Neogen Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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