Animal Health Producers and Animal Health Market Trend

Animal health includes the products that prevents and controls animal diseases and ensures the health of animals. The downstream application areas of animal health care are mainly farming and pets.
The global animal health care industry market size was USD 38.3 billion in 2017, growing to USD 49.7 billion in 2022, with a CAGR of 5.3% from 2017 to 2022. The global animal health care industry market size is expected to grow to USD 60.0 billion in 2027, with a CAGR of 3.8% from 2022 to 2027.

Figure 2017-2027 Global Animal Health Market Size (Billion USD) and CAGR
The global regional distribution of Animal Health is North America (33%), Asia Pacific (31%), Europe (30%), South America (4%) and MEA (2%).
The top five global animal health companies are Zoetis, Boehringer Ingelheim, Merck, Elanco and IDEXX. with a combined market share of 45%.