The global animal health market was valued at USD 41.50 billion in 2018 and is expected to reach USD 97.54 billion by 2032, growing at a CAGR of 6.3% during the forecast period. In 2018, North America held the largest market share at 34.02%.

The global animal health market is experiencing steady growth, driven by rising demand for livestock products, increasing pet ownership, and advancements in veterinary diagnostics and therapeutics. Growing awareness about animal welfare, the need for preventive healthcare, and the rising prevalence of zoonotic and chronic animal diseases are further fueling market expansion. In addition, technological innovations such as digital monitoring devices, advanced vaccines, and novel pharmaceuticals are enhancing treatment outcomes and disease management in animals. Supportive government initiatives, increased investments by market players, and the expansion of veterinary infrastructure across emerging economies are also contributing to market development. Overall, the market is poised for sustained growth as the focus on companion animal care and livestock productivity continues to strengthen globally.

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Market Segmentation

• By Product: pharmaceuticals, vaccines, feed additives, diagnostic services, and medical devices.
• By Animal Type: companion animals (dogs, cats, horses) and production animals (cattle, poultry, swine, sheep, goats).
• By Distribution Channel: veterinary hospitals & clinics, retail pharmacies, and online platforms.
• By Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

List Of Key Companies Profiled in Animal Health Market:

• Zoetis
• Intervet International B.V.
• Elanco
• Ceva
• Virbac
• Merck & Co., Inc.
• Novartis AG
• Emergent BioSolutions, Inc.
• CSL Limited