North America Animal Health Market (2021-2027) | Outlook, Trends, Forecast, Value, Share, Companies, Analysis, Industry, Revenue, COVID-19 IMPACT, Growth & Size

Market Forecast by Countries (United States, Canada), By Animal Type (Companion Animal, Production Animal), By Product Type (Vaccines, Pharmaceuticals, Feed Additives, Diagnostics), By Distribution Channel (E-commerce, Retail, Veterinary Hospitals & Clinics), By End Use (Reference Laboratories, Veterinary Hospitals & Clinics, Point-of-care Testing, Others) And Competitive Landscape
Product Code: ETC437314 Publication Date: Jul 2023 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 200 No. of Figures: 90 No. of Tables: 30

North America Animal Health Market Synopsis

The North America Animal Health market is expected to reach USD 61.4 billion by 2027, according to a new report by 6Wresearch. The market is estimated to register a CAGR of 8.7% during the forecast period, 2021-2027. The rising demand for pet insurance products and the increasing trend towards animal wellness are major factors driving the growth of this market in the North America region. In addition, technological innovations have led to several advanced treatments and diagnostics solutions for animals, which has further propelled the growth of the animal health market in this region.

Drivers of the Market

Rising Demand for Pet Insurance Products: Increasing awareness regarding pet insurance plans among pet owners has been observed over the past few years. This increased awareness amongst pet owners regarding the adoption of strategic planning strategies concerning their pets’ medical care has significantly boosted investments into developing effective policies that provide coverage against accidents and illnesses incurred by pets throughout their entire life cycles, which is likely to drive the sales of animal healthcare products in North America over the forecast period 2021-2027. Moreover, there are various tax benefits associated with investing in such policies as well as discounts on premium payments offered by many providers across different countries within this region thus providing additional impetus towards prevailing growth trends within this sector from a regional perspective. Growing Trend Towards Animal Wellness: Over recent years there has been an emergence of various advancements made within innovative medicine technologies enabling efficient diagnosis & treatments for animals coupled with easy accessibilities due to widespread availability through online platforms for better healthcare services at lower costs leading to improved conditions surrounding animal wellness programs across North America region thereby fueling demand outlooks overall in terms of product offerings & value chain dynamics from an industry-wide perspective. Additionally, rising disposable incomes along with growing concerns regarding quality assurance standards pertaining to food safety matters related directly or indirectly linked with proper handling & maintenance protocols associated with livestock under consideration shall bolster existing opportunities furthering forward potential prospects around future business scenarios up ahead.

Challenges of the Market

Regulatory Hurdles: Stringent regulations enforced on import-export activities concerning veterinary drugs & other prescribed medicines aimed at curbing counterfeit proliferation issues remain major hurdles impeding noteworthy progress within respective markets across the North American landscape, especially considering the presence of numerous discrepancies present between federal guidelines when compared against local legislations implemented country wise leading towards complexities applicable while formulating unified set framework rules targeted specifically at governing distribution channels regulating wholesalers, manufacturers, retailers & end users simultaneously being taken.

Key Players of the Market

The major players operating in the North America animal health industry include Merck Animal Health, Zoetis Inc., Bayer AG, Elanco Animal Health Incorporated, Boehringer Ingelheim GmbH , Virbac Corporation , Ceva Sante Animale S.A., Nutreco N.V., IDEXX Laboratories Inc., Phibro Animal Health Corporation etc.. In addition to these companies some other local/regional key players are actively contributing their share in this industry such as Abbott Laboratories Ltd., Addison Biological Laboratory Inc., Biovet JSC etc..

Covid-19 Impact on the Market

The COVID-19 pandemic situation there was a decrease in livestock production which may hamper sales of animal healthcare products like vaccines & medicines but on other hand it opened opportunities for manufacturers with increase demand for veterinary services from pet owners who had more time available at home due to lockdowns across countries leading them towards adoption of pets that further boosted up business activities related with animals health care solutions providers eventually aiding them with enhanced profitability margins during current crisis situation caused by Coronavirus pandemic outbreak all around globe.

Key Highlights of the Report:

  • North America Animal Health Market Outlook
  • Market Size of North America Animal Health Market, 2020
  • Forecast of North America Animal Health Market, 2027
  • Historical Data and Forecast of North America Animal Health Revenues & Volume for the Period 2017 - 2027
  • North America Animal Health Market Trend Evolution
  • North America Animal Health Market Drivers and Challenges
  • North America Animal Health Price Trends
  • North America Animal Health Porter's Five Forces
  • North America Animal Health Industry Life Cycle
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Animal Type for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Companion Animal for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Production Animal for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Animal Type for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Companion Animal for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Production Animal for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Animal Type for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Companion Animal for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Production Animal for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Product Type for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Vaccines for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Pharmaceuticals for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Feed Additives for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Diagnostics for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Product Type for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Vaccines for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Pharmaceuticals for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Feed Additives for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Diagnostics for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Product Type for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Vaccines for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Pharmaceuticals for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Feed Additives for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Diagnostics for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By E-commerce for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Retail for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Veterinary Hospitals & Clinics for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By E-commerce for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Retail for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Veterinary Hospitals & Clinics for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By E-commerce for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Retail for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Veterinary Hospitals & Clinics for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By End Use for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Reference Laboratories for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Veterinary Hospitals & Clinics for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Point-of-care Testing for the Period 2017 - 2027
  • Historical Data and Forecast of North America Animal Health Market Revenues & Volume By Others for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By End Use for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Reference Laboratories for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Veterinary Hospitals & Clinics for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Point-of-care Testing for the Period 2017 - 2027
  • Historical Data and Forecast of United States Animal Health Market Revenues & Volume By Others for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By End Use for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Reference Laboratories for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Veterinary Hospitals & Clinics for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Point-of-care Testing for the Period 2017 - 2027
  • Historical Data and Forecast of Canada Animal Health Market Revenues & Volume By Others for the Period 2017 - 2027
  • North America Animal Health Market - Key Performance Indicators
  • North America Animal Health Market - Import Export Trade Statistics
  • North America Animal Health Market - Opportunity Assessment By Countries
  • North America Animal Health Market - Opportunity Assessment By Animal Type
  • North America Animal Health Market - Opportunity Assessment By Product Type
  • North America Animal Health Market - Opportunity Assessment By Distribution Channel
  • North America Animal Health Market - Opportunity Assessment By End Use
  • North America Animal Health Market - Top Companies Market Share
  • North America Animal Health Market - Top Companies Profiles
  • North America Animal Health Market - Comparison of Players in Technical and Operating Parameters
  • North America Animal Health Market - Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 North America Animal Health Market Overview

3.1 North America Regional Macro Economic Indicators

3.2 North America Animal Health Market Revenues & Volume, 2020 & 2028F

3.3 North America Animal Health Market - Industry Life Cycle

3.4 North America Animal Health Market - Porter's Five Forces

3.5 North America Animal Health Market Revenues & Volume Share, By Countries, 2020 & 2028F

3.6 North America Animal Health Market Revenues & Volume Share, By Animal Type, 2020 & 2028F

3.7 North America Animal Health Market Revenues & Volume Share, By Product Type, 2020 & 2028F

3.8 North America Animal Health Market Revenues & Volume Share, By Distribution Channel, 2020 & 2028F

3.9 North America Animal Health Market Revenues & Volume Share, By End Use, 2020 & 2028F

4 North America Animal Health Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 North America Animal Health Market Trends

6 North America Animal Health Market, 2017 - 2028

6.1 North America Animal Health Market, Revenues & Volume, By Animal Type, 2017 - 2028

6.2 North America Animal Health Market, Revenues & Volume, By Product Type, 2017 - 2028

6.3 North America Animal Health Market, Revenues & Volume, By Distribution Channel, 2017 - 2028

6.4 North America Animal Health Market, Revenues & Volume, By End Use, 2017 - 2028

7 United States Animal Health Market, 2017 - 2028

7.1 United States Animal Health Market, Revenues & Volume, By Animal Type, 2017 - 2028

7.2 United States Animal Health Market, Revenues & Volume, By Product Type, 2017 - 2028

7.3 United States Animal Health Market, Revenues & Volume, By Distribution Channel, 2017 - 2028

7.4 United States Animal Health Market, Revenues & Volume, By End Use, 2017 - 2028

8 Canada Animal Health Market, 2017 - 2028

8.1 Canada Animal Health Market, Revenues & Volume, By Animal Type, 2017 - 2028

8.2 Canada Animal Health Market, Revenues & Volume, By Product Type, 2017 - 2028

8.3 Canada Animal Health Market, Revenues & Volume, By Distribution Channel, 2017 - 2028

8.4 Canada Animal Health Market, Revenues & Volume, By End Use, 2017 - 2028

9 North America Animal Health Market Key Performance Indicators

10 North America Animal Health Market - Opportunity Assessment

10.1 North America Animal Health Market Opportunity Assessment, By Countries, 2020 & 2028F

10.2 North America Animal Health Market Opportunity Assessment, By Animal Type, 2020 & 2028F

10.3 North America Animal Health Market Opportunity Assessment, By Product Type, 2020 & 2028F

10.4 North America Animal Health Market Opportunity Assessment, By Distribution Channel, 2020 & 2028F

10.5 North America Animal Health Market Opportunity Assessment, By End Use, 2020 & 2028F

11 North America Animal Health Market - Competitive Landscape

11.1 North America Animal Health Market Revenue Share, By Companies, 2020

11.2 North America Animal Health Market Competitive Benchmarking, By Operating and Technical Parameters

12 Company Profiles

13 Recommendations

14 Disclaimer

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