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Farm Animal Healthcare Market - Growth, Trends and Forecasts (2020 - 2025)

  • ID: 4763911
  • Report
  • May 2020
  • Region: Global
  • 115 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Bayer AG
  • Ceva Animal Health Inc
  • Elanco
  • IDEXX Laboratories
  • Merck & Co. Inc.
  • Phibro Animal Health
  • MORE
The farm animal healthcare accounts a significant share in the entire veterinary healthcare market. There are high efforts made by government initiatives particularly to modernize agriculture through technology and continued scale consolidation. With that, stricter food safety/quality improvements and environmental regulations have formed which are useful as well as easily adopted in many developing countries. Certain initiatives such as zero environmental impact of agricultural residues, over the five years, by the Chinese government and several environmental protection laws have helped to focus on stating new strategies for the development of better healthcare of farm animals. In addition, there are several efforts to educate the farmers and collaborate with domestic firms to develop better channels for distribution of healthcare products for farm animals, and connect with ecological and social values, thus driving the demand of farm animal healthcare market.

Key Market Trends

Vaccines Represents High Growth Opportunities for Farm Animal Healthcare, Over the Forecast Period

Vaccination is an essential factor to protect the farm animals from disease and possibly deaths, in several cases, globally. There is a wide range of diseases for which vaccinations have been developed and well established for farm animals. Every country has developed certain guidelines for vaccination which are followed at the national level to protect the farm animals from diseases and keep them healthy such as Responsible use of Medicine in Agriculture Alliance (RUMA) in the UK have released guidelines of vaccines in farm animal production. In the US, the veterinary biologics are regulated by the USDA Center for Veterinary Biologics, part of the USDA Animal and Plant Health Inspection Service. With that, several companies establishing on improving the distribution channels with innovative therapies are expected to drive this market.

North America Dominates the Farm Animal Healthcare Market

North America region is among the major contributor to agriculture, livestock, technological advancements and implementation of farm animal healthcare benefits across the region. In the US, agriculture is an important factor for the country's overall economy. The innovation level of companies and government awareness along with preparedness level for farm animal healthcare are fast compared to other regions. As per the Animal Health Institute, 2018 report, the expenditure has grown significantly to manage more than 9 billion food-producing animals in large and small farms across the country. With that, the United States is among the major exporter of food supplies to Canada and Mexico. Thus, North America is one of the primary regions for the farm animal healthcare market.

Competitive Landscape

With large requirements of food supplies and demand for social welfare between human and animals, the companies are highly competitive to invest in the healthcare of farm animals. The market observed major companies merger and acquisition in recent years to enhance their technology and global dominance. Some of the major players include Zoetis, Merck, Boehringer Ingelheim, Bayer AG, Vetoquinol and Ceva Animal Health.

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FEATURED COMPANIES

  • Bayer AG
  • Ceva Animal Health Inc
  • Elanco
  • IDEXX Laboratories
  • Merck & Co. Inc.
  • Phibro Animal Health
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Advanced Technology Leading to Innovations in Animal Healthcare
4.3.2 Increasing Initiatives by the Governments and Animal Welfare Associations in Different Countries
4.3.3 Increasing Productivity at the Risk of Emerging Zoonosis
4.4 Market Restraints
4.4.1 Use of Counterfeit Medicines
4.4.2 Increasing Costs of Animal Testing and Veterinary Services
4.5 Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Vaccines
5.1.2 Parasiticides
5.1.3 Anti-infectives
5.1.4 Medical Feed Additives
5.1.5 Other Products
5.2 By Animal Type
5.2.1 Cattle
5.2.2 Swine
5.2.3 Poultry
5.2.4 Sheep
5.2.5 Other Farm Animals
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 France
5.3.2.2 Germany
5.3.2.3 United Kingdom
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia Pacific
5.3.4 Middle-East & Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East & Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Bayer AG
6.1.2 Boehringer Ingelheim International GmbH
6.1.3 Ceva Animal Health Inc
6.1.4 Elanco
6.1.5 IDEXX Laboratories
6.1.6 Merck & Co. Inc.
6.1.7 Phibro Animal Health
6.1.8 Vetoquinol
6.1.9 Virbac
6.1.10 Zoetis Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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  • Bayer AG
  • Boehringer Ingelheim International GmbH
  • Ceva Animal Health Inc
  • Elanco
  • IDEXX Laboratories
  • Merck & Co. Inc.
  • Phibro Animal Health
  • Vetoquinol
  • Virbac
  • Zoetis Inc.
Note: Product cover images may vary from those shown
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