Farm Animal Healthcare Global Market Report 2024

The farm animal healthcare refers to a proactive service that outlines steps for disease prevention, identification, and management in order to promote the health and wellbeing of farm animals. It ensures that disease, injury, and mortality among farmed animals are kept to a minimum.

The main products of farm animal healthcare are vaccines, parasiticides, anti-infectives, medical feed additives, and other products. Vaccination is administering a vaccine into the body to create immunity to a specific disease. Vaccination improves animal health and welfare while increasing livestock productivity and preventing disease transmission from domestic and wild animals to people. The different applications include cattle, swine, poultry, fish, and sheep. The several end users include reference laboratories, point-of-care testing or in-house testing, veterinary hospitals and clinics, and others.

The farm animal healthcare market research report is one of a series of new reports that provides farm animal healthcare market statistics, including farm animal healthcare industry global market size, regional shares, competitors with a farm animal healthcare market share, detailed farm animal healthcare market segments, market trends and opportunities, and any further data you may need to thrive in the farm animal healthcare industry. This farm animal healthcare market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The farm animal healthcare market size has grown strongly in recent years. It will grow from $19.77 billion in 2023 to $21.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to disease outbreaks, regulatory support, increasing livestock population, awareness and education.

The farm animal healthcare market size is expected to see strong growth in the next few years. It will grow to $28.07 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to global food demand, preventive healthcare trend, precision farming technologies, environmental concerns, economic factors. Major trends in the forecast period include digital health solutions, biotechnology advances, eco-friendly practices, nutraceuticals and functional feed, collaborations and partnerships.

The increase in livestock is expected to drive the growth of the farm animal healthcare market going forward. Livestock refers to agricultural animals that are housed, reared, and used by people, such as cows, horses, and pigs. The need for farm animal healthcare services grows along with the increase of livestock since these services help protect animals from illnesses including swine flu and avian flu, which can also infect humans, workers, and veterinarians. For instance, according to a report published by the US Department of Agriculture in 2022, India's national herd of cattle increased from 1.2 million in 2021 to 306.7 million in 2022. Therefore, the growing livestock population will propel the farm animal healthcare market.

The rising zoonotic diseases is expected to significantly contribute to the growth of the farm animal healthcare market going forward. Zoonotic diseases refers to contagious illnesses that spread from animals to people across species. Farm animal healthcare products and services help prevent the development and spread of pathogens related to zoonotic diseases in farm animals. For instance, according to the data released by the world health organization (WHO) a Switzerland-based intergovernmental organization spreading awareness about healthcare, 60% of emerging infectious diseases in humans are zoonotic. Therefore, the rising zoonotic diseases will drive the farm animal healthcare market.

Rapid developments in technology have emerged as a key trend gaining popularity in the farm animal healthcare market. Major companies in the farm animal healthcare sector are focused on developing new technologies to meet consumer demand and strengthen their position. For instance, in June 2023, Merck & Co., Inc. launched INNOVAX-ILT-IBD a dual-construct HVT vaccine for poultry heathcare that offers sustained defense against infectious bursal disease (IBD), infectious laryngotracheitis (ILT), and Marek's disease (MD). Instead of one ILT glycoprotein insert, INNOVAX-ILT-IBD has two. Moreover, results from clinical trials indicate that immunity to INNOVAX-ILT-IBD develops early and lasts a long time. INNOVAX-ILT-IBD can be injected subcutaneously (at day-old) or in ovo (after around 18 days of incubation) into layers, breeder flocks and broiler chickens in the hatchery to improve early-life protection.

Major companies in the farm animal healthcare market are focusing on developing data management and software solutions for managing data related to cattle and farm animal healthcare. Farm management software is a type of software that is designed to help farmers manage their operations more efficiently. It is used to optimize and manage farm operations and production activities. For instance, in January 2022, Zoetis a US-based animal healthcare company, launched Performance Ranch, a cattle healthcare platform which facilitates the simple collection of health and performance data, cost management, and real-time herd inventory tracking for cow-calf producers. The Performance Livestock Analytics software solutions for cattle producers are expanded with the addition of the new cow-calf management programme to the Performance Beef platform. Users may make informed decisions about finances, nutrition, genetics, and animal health with the help of this user-friendly software. Users can view performance variances and obtain up-to-date data to make better, quicker judgements on the health and marketability of their animals.

In February 2021, Merck Animal Health a US-based farm animal healthcare company acquired Poultry Sense Ltd. for an undisclosed amount. The acquisition adds improved technology to help poultry farmers monitor and evaluate the flock's overall health over time, to Merck’s portfolio of offerings. The new technology of Poultry Sense complements the existing identification and monitoring technology of Merck. Poultry Sense Ltd. is a UK-based poultry healthcare technology company.

Major companies operating in the in the farm animal healthcare market report are Bayer AG, C. H. Boehringer Sohn AG & Co. KG, Ceva Santé Animale, Merck & Co. Inc., Virbac Corporation, Zoetis Inc., Vetoquinol Animal health pvt. Ltd., Norbrook Laboratories, Alivira Animal Health Limited, Phibro Animal Health, Intas Pharmaceuticals Limited, Hester Biosciences Limited, Eli Lilly and Company, Elanco Animal Health Incorporated, Biogenesis Bago SA, Animalcare Limited, Bimeda Inc., Eco Animal Health Pvt. Ltd., Dechra Pharmaceuticals PLC, Hipra, Huvepharma Inc., Indian Immunologicals Limited, Jurox Pty Ltd., Kyoritsu Seiyaku Corporation, Neogen Corporation, Phytobiotics Futterzusatzstoffe GmbH, Vaxxinova International BV, Wedgewood Pharmacy, Orion Pharma Animal Health, Kane biotech Inc.

North America was the largest region in the farm animal healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the farm animal healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the farm animal healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The farm animal healthcare market includes revenues earned by entities by offering farm animal healthcare services such as farm animal health management, vaccination to poultry farm animals, vaccination knowledge management, trainings. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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