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The global animal health market is expected to grow from USD 35.42 billion in 2022 to USD 60.31 billion by 2030, at a CAGR of 6.88% during the forecast period 2022-2030. The increasing prevalence of zoonotic diseases will drive the global animal health market.
Market Introduction:
Human health can be defined as the absence of physical or mental illness. It is also the social well-being of a human. Human health is not merely defined by the absence of a disease or an illness. Similarly, animal health is not restricted to just the absence of diseases. Though animal health primarily focuses on preventing diseases in animal health, it also relates to overall animal welfare. It defines the interconnection of animals and their environment. The human-animal interaction and how all this affects animal health also form part of this concept. Animals form an integral part of the food chain. Therefore, food security and safety are essentially related to animal health. Animal health also impacts public health, given the constant animal-human interaction. The increasing incidence of zoonotic diseases that have infected animals and have transferred to humans via them has increased the urgency to categorize animal health as a high-priority issue. Similarly, the dependency on animals for fulfilling nutritional requirements also emphasizes the importance of animal health in preventing foodborne illnesses. Animal health constitutes developing vaccines to prevent diseases, offering medicine to treat illnesses and feeding to provide proper animal nutrition. It includes offering veterinary diagnostics and care to maintain the normal health of the animals to improve their longevity.
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Recent Development
October 2022 - Veterinary offices can use MWI Pet, a new technology service from MWI Animal Health U.K., AmerisourceBergen (A.B.), to improve client interaction while reducing administrative demands on staff. MWI Pet makes it easy for businesses and pet owners to communicate digitally. With a range of integrated tools and applications to support essential workflows and position veterinary practises for success, the new solution effortlessly interacts with the Merlin practise management system, a cloud-based technology. Owners of pets can use any connected device to access the MWI Pet portal to view and schedule available appointments with their veterinarian.
September 2022 – Merck Animal Health announced that it had finalized a minority investment in LeeO Precision Farming B.V. Additionally, over the upcoming months, Merck Animal Health will take over the distribution of LeeO's digital swine traceability solution in several markets. Merck Animal Health has joined the group of LeeO's current founders and investors, Prairie Systems, Inc., and United Animal Health. LeeO, offers farmers, producers, and merchants a real-time, cloud-based digital swine traceability solution to continually track and examine pigs from birth throughout their lifecycle. Users of the cloud-based technology platform can keep track of important life stages in swine production, such as genetics, insemination, birth registration, immunization, age, weight, weaning, location, and transportation. An ecosystem of RFID-based hardware technology, including ear tags, readers, and weigh scales, supports the platform.
Market Dynamics:
Drivers:
The increasing prevalence of zoonotic diseases affecting animal health – The rising pace of climate change has led to drastic changes in the weather. Long spells of extreme dryness and high temperature or dry atmosphere with cold weather or severe rains are happening more frequently than in the last century. The changes in the atmosphere have led to the destruction of animal habits. Similarly, increasing anthropogenic activities have encroached upon animal habits leading to increased encounters with humans. The risk of contracting zoonotic diseases by an animal vector, such as domesticated or exotic animals, has increased in the last few years. For instance, the covid-19 pandemic infected humans through an animal-borne vector, most likely a bat and the virus led to millions of deaths worldwide. Furthermore, the frequent instances of culling chickens to contain chicken pox or culling ducks to prevent spreading infections to humans have increased the focus on animal health. The increasing risk of transferring zoonotic diseases from animals to humans has encouraged scientists to develop better animal vaccines, medicine, food and feed. Therefore, the animal health market will grow in the future.
Restraints:
Lack of infrastructure – The push towards providing robust animal health infrastructure has gained traction only in the last few years, with significant government funding. However, the implementation of government initiatives and utilization of said funds has been less than unsatisfactory in low- and middle-income countries. for instance, the recent scores of cattle dying due to lumpy skin disease in India demonstrate the lack of preventative measures in places. It also demonstrates the poor state of animal healthcare in the country. Similar events of culling chickens and ducks have led to severe economic losses for the country. The insufficient infrastructure to develop vaccines monitor zoonotic diseases, test, trace, isolate and treat will hamper the market's growth.
Opportunities:
Growing research and development – The significant loss at an individual and national level due to zoonotic diseases leading to the death of animals has prompted government institutions to increase their expenditure on improving animal health. The increasing government expenditure to develop better pharmaceuticals, vaccinations, equipment and diagnostics to prevent and treat animal diseases will offer lucrative opportunities for the future. The increasing pet ownership and the rise in disposable income have expanded the animal product market. Private market players are enhancing their products and increasing research and development to exploit the expanded market.
Challenges:
Stringent government regulations – Since animals play a significant role in the global food chain, a negative impact on their health has a trickle-down effect on public health. Therefore, drugs and vaccinations developed for improving animal health must be tested before they are approved for the market. The stringent government regulations in developed countries governing the approval and use of animal drugs, vaccinations and other medications will challenge the market's growth.
Regional segmentation analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the largest market for the global animal health market, with a 33.91% market revenue share in 2022. A significant proportion of the region's population is non-vegetarian. Meat consumption is a staple in the regional diet of the North American market. The commercial breeding of animals to cater to the massive meat-eating population calls for stringent regulatory rules and guidelines that assure quality animal health, thereby protecting the interests of the consumers. The presence of stringent government regulations, along with several institutions dedicated to the welfare of animals and their health, have contributed to the growth of the North American market. The increasing prevalence of zoonotic diseases requires heightened vigilance to avoid catastrophic damages, as demonstrated by the COVID-19 pandemic. The rising zoonotic diseases will encourage the fiscal authorities to promote animal health by supporting and funding favourable industry policies. Technological advancements and access to the latest innovations are also propelling market development. The increased pet adoption will likely contribute to the growing demand for products dedicated to achieving quality animal health. The Asia Pacific is expected to be the fastest growing during the forecast period. The vast animal husbandry is a significant revenue stream for the governments in the region; therefore, it is essential to concentrate on enhancing the animal healthcare infrastructure. With the renewed focus on developing animal rearing and husbandry to access quality animal medicine, food and feed with fiscal funding and subsidies, the market will significantly rise in the forecast years. China and India's advanced and massive pharmaceutical industries are an added advantage for the animal health market.
North America Region Animal Health Market Share in 2022 - 33.91%
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Animal-type segment analysis
The animal type segment is divided into production animals and companion animals. The production animal segment dominated the market with a revenue share of around 57% in 2022. Production animals are poultry, swine, cattle, fish, ships and goats. Fish and swine are among the primary source of protein in western countries. Similarly, poultry forms a significant part of the human diet, from eggs to cheese. Milk is consumed globally, and so are several milk-based products. Ships and goats are reared for several purposes, like skin and milk. Cattle also forms a major contributor to the supplementary income of a farmer gathered from selling its milk. The direct contact of users with production animals and their products exposes them to various pathogens or zoonotic diseases. The increasing incidence of foodborne illnesses is also a cause for concern. Therefore, it is vital to attain animal health by all means. The production animals are provided with quality feed, nutrient supplements and medicines/vaccines to protect them from illnesses or other conditions that are detrimental to their health, as they can directly impact humans through them or their products.
Product type segment analysis
The product type segment is divided into vaccines, medical feed additives, equipment & disposables, pharmaceuticals, diagnostics, and others. The pharmaceuticals segment dominated the market with a market share of around 38% in 2022. Technological advancements and scientific breakthroughs have led to the development of several pharmaceuticals that aid in preventing, treating or eradicating diseases that affect animals. Furthermore, well-established pharmaceutical production units facilitate the mass production of these drugs, making them accessible and affordable to users. The economic loss sustained because of the loss of animals to zoonotic diseases and the risk of transmission of these diseases to humans has encouraged the governments to strengthen animal health infrastructure, which is a positive development for the market. The increasing number of companion animals has also increased the demand for pharmaceuticals to preserve the health of these animals and increase their lifecycle.
End-user segment analysis
The end-user segment is divided into reference laboratories, veterinary hospitals & clinics, point-of-care testing and others. The veterinary hospitals & clinics segment dominated the market with a market share of around 58% in 2022. Veterinary hospitals & clinics are the primary caregivers of animal healthcare services. They are the preferred choice when it comes to animals and their health. They offer a wide range of services, including diagnostics, treatments and vaccinations. Given the rising adoption of pets, the increasing presence of veterinary hospitals and clinics will propel the segment's growth. Similarly, government veterinary hospitals & clinics are the go-to healthcare settings for countryside animal husbandry owners. Veterinary hospitals & clinics offer information on new products and government schemes that target animal health. They also act as the point of contact when major market players introduce new drugs or therapeutics. The central and significant role of veterinary hospitals & clinics in animal health explains its dominant position in the market.
Distribution channel segment analysis
The distribution channel is divided into veterinary hospitals & clinics, retail, E-commerce, and others. The retail segment dominated the market with a market share of around 48% in 2022. The major chunk of animal health is concentrated on animal feed. The proper nutritional requirements of animals are attained from animal feed to prevent diseases or conditions. Retail stores for animal feed are similar to retail stores of agricultural inputs, licensed by government authorities and distribution partners of market players. Also, licensed retail stores offer several products from different brands and have qualified personnel to assist the buyers when required.
Some of the Key Market Players:
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion), Volume (Kg) |
| Market size value in 2022 | USD 35.42 Billion |
| Market size value in 2030 | USD 60.31 Billion |
| CAGR (2022 to 2030) | 6.88% |
| Historical data | 2019-2020 |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Segments | The research segment is based on animal type, product type, end-user, and distribution channel. |
| Regional Segments | The regions examined for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. |
As per The Brainy Insights, the size of the animal health market was valued at USD 35.42 billion in 2022 to USD 60.31 billion by 2030.
Global animal health market is growing at a CAGR of 6.88% during the forecast period 2022-2030.
The market's growth will be influenced by the increasing prevalence of zoonotic diseases affecting animal health.
Lack of infrastructure could hamper the market growth.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Animal Type
4.3.2. Market Attractiveness Analysis by Product Type
4.3.3. Market Attractiveness Analysis by End User
4.3.4. Market Attractiveness Analysis by Distribution Channel
4.3.5. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing prevalence of zoonotic diseases affecting animal health
5.3. Restraints
5.3.1. Lack of infrastructure
5.4. Opportunities
5.4.1. Growing research and development
5.5. Challenges
5.5.1. Stringent government regulations
6. Global Animal Health Market Analysis and Forecast, By Animal Type
6.1. Segment Overview
6.2. Production Animals
6.3. Companion Animals
7. Global Animal Health Market Analysis and Forecast, By Product Type
7.1. Segment Overview
7.2. Vaccines
7.3. Medical Feed Additives
7.4. Equipment & Disposables
7.5. Pharmaceuticals
7.6. Diagnostics
7.7. Others
8. Global Animal Health Market Analysis and Forecast, By End User
8.1. Segment Overview
8.2. Reference Laboratories
8.3. Veterinary Hospitals & Clinics
8.4. Point-Of-Care Testing
8.5. Others
9. Global Animal Health Market Analysis and Forecast, By Distribution Channel
9.1. Segment Overview
9.2. Veterinary Hospitals & Clinics
9.3. Retail
9.4. E-Commerce
9.5. Others
10. Global Animal Health Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Animal Health Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in the Animal Health Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Boehringer Ingelheim International GmbH
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Covetrus
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Elanco
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Heska Corporation
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Intervet International BV
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Merck Animal Health
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Novartis AG
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Vetoquinol SA
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Virbac
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Zoetis
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
List of Table
1. Global Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
2. Global Production Animals Health Market, By Region, 2019-2030 (USD Billion)
3. Global Companion Animals Health Market, By Region, 2019-2030 (USD Billion)
4. Global Animal Health Market, By Product Type, 2019-2030 (USD Billion)
5. Global Vaccines Animal Health Market, By Region, 2019-2030 (USD Billion)
6. Global Medical Feed Additives Animal Health Market, By Region, 2019-2030 (USD Billion)
7. Global Equipment & Disposables Animal Health Market, By Region, 2019-2030 (USD Billion)
8. Global Pharmaceuticals Animal Health Market, By Region, 2019-2030 (USD Billion)
9. Global Diagnostics Animal Health Market, By Region, 2019-2030 (USD Billion)
10. Global Others Animal Health Market, By Region, 2019-2030 (USD Billion)
11. Global Animal Health Market, By End User, 2019-2030 (USD Billion)
12. Global Reference Laboratories Animal Health Market, By Region, 2019-2030 (USD Billion)
13. Global Veterinary Hospitals & Clinics Animal Health Market, By Region, 2019-2030 (USD Billion)
14. Global Point-Of-Care Testing Animal Health Market, By Region, 2019-2030 (USD Billion)
15. Global Others Animal Health Market, By Region, 2019-2030 (USD Billion)
16. Global Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
17. Global Veterinary Hospitals & Clinics Animal Health Market, By Region, 2019-2030 (USD Billion)
18. Global Retail Animal Health Market, By Region, 2019-2030 (USD Billion)
19. Global E-Commerce Animal Health Market, By Region, 2019-2030 (USD Billion)
20. Global Others Rapid-Acting Animal Health Market, By Region, 2019-2030 (USD Billion)
21. Global Animal Health Market, By Region, 2019-2030 (USD Billion)
22. North America Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
23. North America Animal Health Market, By Product Type, 2019-2030 (USD Billion)
24. North America Animal Health Market, By End User, 2019-2030 (USD Billion)
25. North America Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
26. U.S. Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
27. U.S. Animal Health Market, By Product Type, 2019-2030 (USD Billion)
28. U.S. Animal Health Market, By End User, 2019-2030 (USD Billion)
29. U.S. Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
30. Canada Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
31. Canada Animal Health Market, By Product Type, 2019-2030 (USD Billion)
32. Canada Animal Health Market, By End User, 2019-2030 (USD Billion)
33. Canada Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
34. Mexico Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
35. Mexico Animal Health Market, By Product Type, 2019-2030 (USD Billion)
36. Mexico Animal Health Market, By End User, 2019-2030 (USD Billion)
37. Mexico Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
38. Europe Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
39. Europe Animal Health Market, By Product Type, 2019-2030 (USD Billion)
40. Europe Animal Health Market, By End User, 2019-2030 (USD Billion)
41. Europe Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
42. Germany Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
43. Germany Animal Health Market, By Product Type, 2019-2030 (USD Billion)
44. Germany Animal Health Market, By End User, 2019-2030 (USD Billion)
45. Germany Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
46. France Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
47. France Animal Health Market, By Product Type, 2019-2030 (USD Billion)
48. France Animal Health Market, By End User, 2019-2030 (USD Billion)
49. France Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
50. U.K. Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
51. U.K. Animal Health Market, By Product Type, 2019-2030 (USD Billion)
52. U.K. Animal Health Market, By End User, 2019-2030 (USD Billion)
53. U.K. Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
54. Italy Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
55. Italy Animal Health Market, By Product Type, 2019-2030 (USD Billion)
56. Italy Animal Health Market, By End User, 2019-2030 (USD Billion)
57. Italy Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
58. Spain Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
59. Spain Animal Health Market, By Product Type, 2019-2030 (USD Billion)
60. Spain Animal Health Market, By End User, 2019-2030 (USD Billion)
61. Spain Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
62. Asia Pacific Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
63. Asia Pacific Animal Health Market, By Product Type, 2019-2030 (USD Billion)
64. Asia Pacific Animal Health Market, By End User, 2019-2030 (USD Billion)
65. Asia Pacific Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
66. Japan Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
67. Japan Animal Health Market, By Product Type, 2019-2030 (USD Billion)
68. Japan Animal Health Market, By End User, 2019-2030 (USD Billion)
69. Japan Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
70. China Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
71. China Animal Health Market, By Product Type, 2019-2030 (USD Billion)
72. China Animal Health Market, By End User, 2019-2030 (USD Billion)
73. China Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
74. India Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
75. India Animal Health Market, By Product Type, 2019-2030 (USD Billion)
76. India Animal Health Market, By End User, 2019-2030 (USD Billion)
77. India Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
78. South America Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
79. South America Animal Health Market, By Product Type, 2019-2030 (USD Billion)
80. South America Animal Health Market, By End User, 2019-2030 (USD Billion)
81. South America Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
82. Brazil Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
83. Brazil Animal Health Market, By Product Type, 2019-2030 (USD Billion)
84. Brazil Animal Health Market, By End User, 2019-2030 (USD Billion)
85. Brazil Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
86. Middle East and Africa Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
87. Middle East and Africa Animal Health Market, By Product Type, 2019-2030 (USD Billion)
88. Middle East and Africa Animal Health Market, By End User, 2019-2030 (USD Billion)
89. Middle East and Africa Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
90. UAE Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
91. UAE Animal Health Market, By Product Type, 2019-2030 (USD Billion)
92. UAE Animal Health Market, By End User, 2019-2030 (USD Billion)
93. UAE Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
94. South Africa Animal Health Market, By Animal Type, 2019-2030 (USD Billion)
95. South Africa Animal Health Market, By Product Type, 2019-2030 (USD Billion)
96. South Africa Animal Health Market, By End User, 2019-2030 (USD Billion)
97. South Africa Animal Health Market, By Distribution Channel, 2019-2030 (USD Billion)
List of Figures
1. Global Animal Health Market Segmentation
2. Animal Health Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Animal Health Market Attractiveness Analysis by Animal Type
9. Global Animal Health Market Attractiveness Analysis by Product Type
10. Global Animal Health Market Attractiveness Analysis by End User
11. Global Animal Health Market Attractiveness Analysis by Distribution Channel
12. Global Animal Health Market Attractiveness Analysis by Region
13. Global Animal Health Market: Dynamics
14. Global Animal Health Market Share by Animal Type (2022 & 2030)
15. Global Animal Health Market Share by Product Type (2022 & 2030)
16. Global Animal Health Market Share by End User (2022 & 2030)
17. Global Animal Health Market Share by Distribution Channel (2022 & 2030)
18. Global Animal Health Market Share by Regions (2022 & 2030)
19. Global Animal Health Market Share by Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the animal health market based on below mentioned segments:
Animal Health Market by Animal Type:
Animal Health Market by Product Type:
Animal Health Market by End User:
Animal Health Market by Distribution Channel:
Animal Health Market by Region:
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In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
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