Pharmaceuticals North America Animal Health Market ...

North America Animal Health Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product (Prescription, and Non-Prescription); Animal Type (Production Animal, Companion Animal); Country

Publication Month: Aug 2020 | Report Code: TIPRE00013003 | No. of Pages: 115 | Category: Pharmaceuticals | Status: Published

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North America, the animal health market, is anticipated to reach US$ 40,797.6 Mn in 2027 from US$ 25,719.77 Mn in 2019. The market is projected to grow with a CAGR of 6.0% from 2020-2027.

The animal health market is growing primarily due to the increasing incidences of zoonotic diseases. Restraining factor such as, use of counterfeit medicines is likely to damage the growth of the market in the coming years. On the other hand, increase in R&D activities is expected to have a positive impact on the growth of the North America animal health market in the coming years.

 

Over the last two decades, the costs and time of developing an animal health product have both increased by >100% and six years, respectively. According to the Animal Health Institute’s Research and Development Survey, animal health companies spent $ 663 million in 2006 in the R&D pertaining to new potential products as well as in the research for maintaining the long life of offered products. This constitutes a 7% increase over the spending reported in 2005. Innovative research accounts for 86% of total R&D spending, while the remaining 14% was occupied by the research required to ensure prolonged performance of existing products.

Investments by the significant players are further likely to augment the market growth. For instance, Zoetis is focused on continuous innovation to develop animal health solutions meeting the needs of buyers. R&D is at the center of the company’s efforts to provide innovation outcomes that anticipate the future needs of veterinarians and livestock producers in their local markets around the world. On January 30, 2020, Zoetis and Colorado State University signed an agreement to establish the Zoetis Incubator Research Lab and begin a research collaboration focused on exploring the livestock immune system to target new immunotherapies. Further, Merck Animal Health, a leading animal health company, is focused on exploring better adjuvants to boost vaccine effectiveness by leveraging advanced technologies in the field of immunogenomics and bioinformatics. Hence, the continuous R&D for coming up with new veterinary products is likely to offer lucrative opportunities to the corresponding market players during the forecast period.

 

In 2019, the US accounted for the largest market share in North America animal health market, and it is also expected to grow at a faster pace over the forecast period. US is an economically advanced country, and the country has the presence of various players that are well established in the pharmaceutical market. Technologically advanced team for research and development of novel therapeutics and the presence of numerous animal health centers are also the key factors responsible for the highest revenue share of the region. Hence, considering the mentioned factors, the animal health market is expected to grow at a significant pace in the US during the forecast period.

 

US Animal Health Market Revenue and Forecasts to 2027 (US$ Mn)

 

US Animal Health Market Revenue and Forecasts to 2027 (US$ Mn)

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NORTH AMERICA ANIMAL HEALTH – MARKET SEGMENTATION

 

By Product

  • Prescription
    • Feed additives
    • Pharmaceutical
    • Vaccines
    • Diagnostics
  • Non-prescription
    • Nutrition/Supplements
    • Grooming Products
    • Parasiticides

 

By Animal Type

  • Production Animal
  • Companion Animal

 

By Geography

  • North America
    • US
    • Canada
    • Mexico


Company Profiles

  • Merck & Co., Inc.
  • Cargill, Incorporated
  • Zoetis Inc.
  • Elanco
  • Nutreco N.V.

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Animal Health Market – By Product

1.3.2        North America Animal Health Market – By Animal Type

1.3.3        North America Animal Health Market – By Country

2.           North America Animal Health Market –  Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Animal Health Market Landscape

4.1         Overview

4.2         PEST Analysis

4.2.1        North America Animal Health Market - North America PEST Analysis

4.3         Expert Opinion

5.           North America Animal Health - Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Increasing Incidences of Zoonotic Diseases

5.2         Key Restraints

5.2.1        Use of Counterfeit Medicines

5.3         Key Market Opportunities

5.3.1        Increase in R&D Activities

5.4         Future Trend

5.4.1        Increased Adoption of Pets By People For Companionship

5.5         Impact Analysis

6.           Animal Health Market – North America Analysis

6.1         North America Animal Health Market Revenue Forecasts and Analysis

7.           Animal Health Market Analysis – By Product

7.1         Overview

7.2         Animal Health Market Share, by Product, 2019 and 2027 (%)

7.3         Prescription

7.3.1        Overview

7.3.2        Prescription: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.3.3        Feed Additives

7.3.3.1          Overview

7.3.3.2          Feed Additives: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.3.4        Pharmaceutical

7.3.4.1          Overview

7.3.4.2          Pharmaceutical: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.3.5        Vaccines

7.3.5.1          Overview

7.3.5.2          Vaccines: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.3.6        Diagnostics

7.3.6.1          Overview

7.3.6.2          Diagnostics: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.4         Non-Prescription

7.4.1        Overview

7.4.2        Non-prescription: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.4.3        Nutrition Supplements

7.4.3.1          Overview

7.4.3.2          Nutrition Supplements: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.4.4        Parasiticides

7.4.4.1          Overview

7.4.4.2          Parasiticides: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

7.4.5        Grooming Products

7.4.5.1          Overview

7.4.5.2          Grooming Products: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

8.           Animal Health Market Analysis – By Animal Type

8.1         Overview

8.2         Animal Health Market Share, by Animal Type, 2019 and 2027 (%)

8.3         Production Animal

8.3.1        Overview

8.3.2        Production Animal: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

8.4         Companion Animal

8.4.1        Overview

8.4.2        Companion Animal: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

9.           Animal Health Market Revenue and Forecasts To 2027 – Geographical Analysis

9.1         North America Animal Health Market Revenue and Forecasts To 2027

9.1.1        Overview

9.1.2        North America: Animal Health Market - Revenue and Forecast to 2027 (USD Million)

9.1.3        North America Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.3.1          North America Prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.3.2          North America Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.4        North America Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

9.1.5        North America: Animal Health Market, by Country, 2019 & 2027 (%)

9.1.6        US: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.1          US: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.2          US Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.6.2.1          US Prescription, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.6.2.2          US Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.6.3          US Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

9.1.7        Canada: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.7.1          Canada: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.7.2          Canada Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.7.2.1          Canada Prescription, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.7.2.2          Canada Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.7.3          Canada Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

9.1.8        Mexico: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.8.1          Mexico: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

9.1.8.2          Mexico Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.8.2.1          Mexico Prescription, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.8.2.2          Mexico Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

9.1.8.3          Mexico Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

10.        Impact of COVID-19 Pandemic on Global Animal Health Market

10.1      North America: Impact Assessment of COVID-19 Pandemic

11.        Company Profiles

11.1      Merck & Co., Inc.

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      Cargill, Incorporated

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      Elanco

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      Zoetis Inc.

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      Nutreco N.V

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Glossary of Terms

 

LIST OF TABLES

Table 1.             North America Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 2.             North America Prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 3.             North America Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 4.             North America Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

Table 5.             US Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 6.             US Prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 7.             US Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 8.             US Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

Table 9.             Canada Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 10.          Canada Prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 11.          Canada Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 12.          Canada Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

Table 13.          Mexico Animal Health Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 14.          Mexico Prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 15.          Mexico Non-prescription Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 16.          Mexico Animal Health Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)

Table 17.          Glossary of Terms, North America Animal Health Market

 

LIST OF FIGURES

Figure 1.           Animal Health Market Segmentation

Figure 2.           North America Animal Health Market Overview

Figure 3.           Prescription Segment Held Largest Share of Product Segment in Animal Health Market

Figure 4.           US is Expected to Show Remarkable Growth During the Forecast Period

Figure 5.           North America Animal Health Market- Leading Country Markets (US$ Mn)

Figure 6.           North America Animal Health Market - North America PEST Analysis

Figure 7.           Animal Health Market Impact Analysis of Drivers and Restraints

Figure 8.           North America Animal Health Market – Revenue Forecasts and Analysis – 2019- 2027

Figure 9.           Animal Health Market Share, by Product, 2019 and 2027 (%)

Figure 10.        Prescription: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 11.        Feed Additives: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 12.        Pharmaceutical: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Vaccines: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Diagnostics: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Non-prescription: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Nutrition Supplements: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Parasiticides: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 18.        Grooming Products: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 19.        Animal Health Market Share, by Animal Type, 2019 and 2027 (%)

Figure 20.        Production Animal: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Companion Animal: Animal Health Market– Revenue and Forecast to 2027 (US$ Million)

Figure 22.        North America: Animal Health Market, by Key Country – Revenue (2019) (USD Million)

Figure 23.        North America Animal Health Market Revenue and Forecast to 2027 (USD Million)

Figure 24.        North America: Animal Health Market, by Country, 2019 & 2027 (%)

Figure 25.        US: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

Figure 26.        Canada: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

Figure 27.        Mexico: Animal Health Market – Revenue and Forecast to 2027 (USD Million)

Figure 28.        Impact of COVID-19 Pandemic In North American Country Markets

  1. Merck & Co., Inc.
  2. Cargill, Incorporated
  3. Zoetis Inc.
  4. Elanco
  5. Nutreco N.V.
  • To understand the animal health market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for animal health market
  • Efficiently plan M&A and partnership deals in animal health market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form animal health market
  • Obtain market revenue forecast for market by various segments from 2018-2027 in North America region.
TIPRE00013003
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