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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

North America Animal Healthcare Market Outlook

The North America animal healthcare market size reached USD 12.74 billion in 2023. The market is projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching almost USD 20.55 billion by 2032.

Key Takeaways

  • 86.9 million households in the United States own pets, which accounts for 66% of the total households.
  • Therapeutics is expected to constitute a major portion of the North America animal healthcare market share.
  • The United States of America is expected to dominate the market over the forecast period.

An increasing number of veterinary hospitals are switching towards the usage of AI-based tools for the detection and diagnosis of diseases among animals. This is one of the key North America animal healthcare market trends. Technological advancements have simplified the discovery of skin infections among companion animals, including bacterial skin diseases, allergies, and fungal infections through digital imaging and AI algorithms. This has enabled animal healthcare specialists to plan treatments effectively and substantially improve animal healthcare outcomes.

There is an increasing incorporation of functional ingredients into animal feed as farmers and pet owners demand wholesome foods for their livestock and pets. Major North America animal healthcare market players are focusing on different aspects of animal nutrition, including stress management, improved immunity levels, holistic growth and development, and adaptability. Sustainable production of such foods is another key area of priority for companies operating in the market.

The emergence of wearable devices for pets has enabled owners to comprehensively understand and track their behaviour and long-term health. It has also enabled them to determine the impact of their dietary preferences and exercise routines, driving further improvements in the quality of pet ownership management. This is expected to drive the North America animal healthcare market expansion in the forecast period.

North America Animal Healthcare Market

Market Segmentation

North America Animal Healthcare Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

  • Therapeutics
    • Pharmaceuticals
    • Feed Additives
    • Vaccines
  • Diagnostics

Market Breakup by Animal Type

  • Cows
  • Dogs and Cats
  • Swine
  • Poultry
  • Ruminants
  • Others

Market Breakup by Country

  • United States of America
  • Canada

The key North America animal healthcare market players are Thermo Fisher Scientific Inc., Boehringer Ingelheim International GmbH, Merck & Co., Inc., Zoetis Inc., IDEXX Laboratories, Inc., Neogen Corporation, Bimeda, Inc., Elanco Animal Health Incorporated, Ceva Santé Animale, and VETOQUINOL S.A., among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Animal Type
  • Region
Breakup by Product Type
  • Therapeutics
  • Diagnostics
Breakup by Animal Type
  • Cows
  • Dogs and Cats
  • Swine
  • Poultry
  • Ruminants
  • Others
Breakup by Region
  • United States of America
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Thermo Fisher Scientific Inc. 
  • Boehringer Ingelheim International GmbH
  • Merck & Co., Inc.
  • Zoetis Inc.
  • IDEXX Laboratories, Inc.
  • Neogen Corporation
  • Bimeda, Inc.
  • Elanco Animal Health Incorporated
  • Ceva Santé Animale
  • VETOQUINOL S.A. 
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market was valued at nearly USD 12.74 billion in 2023.

The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.

The market is assessed to witness a healthy growth in the forecast period to reach around USD 20.55 billion in 2032.

The different product types in the market include therapeutics and diagnostics.

The major animals considered in the market include cows, dogs and cats, swine, poultry, and ruminants, among others.

The major countries in the market include the United States of America and Canada.

The key market players are Thermo Fisher Scientific Inc., Boehringer Ingelheim International GmbH, Merck & Co., Inc., Zoetis Inc., IDEXX Laboratories, Inc., Neogen Corporation, Bimeda, Inc., Elanco Animal Health Incorporated, Ceva Santé Animale, and VETOQUINOL S.A., among others.

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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

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+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124