How has the livestock healthcare market evolved, and where is it heading next?
The livestock healthcare market size has grown strongly in recent years. It will grow from $54.45 billion in 2024 to $58.54 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increasing livestock population, intensification of livestock farming, rising demand for animal products, globalization of the livestock industry, government initiatives for livestock health.
The livestock healthcare market size is expected to see rapid growth in the next few years. It will grow to $87.47 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to evolving disease landscape, focus on antibiotic reduction, growing awareness of zoonotic diseases, adoption of precision livestock farming, sustainable livestock practices. Major trends in the forecast period include biosecurity measures for disease prevention, genetic selection for disease resistance, remote consultation and veterinary services, focus on animal welfare and stress reduction, emergence of personalized medicine for livestock.
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Which major factors have contributed to the expansion of the livestock healthcare market?
The increasing prevalence of food-borne and zoonotic diseases is expected to propel the livestock healthcare market going forward. Foodborne refers to infectious diseases caused by the consumption of food or water contaminated by pathogenic microorganisms such as bacteria, parasites, and viruses. Zoonotic diseases are illnesses that are transmitted between animals and humans. Livestock healthcare helps to detect, prevent, and treat diseases from animals through vaccines and medications, so increasing food-borne and zoonotic diseases increases the demand for livestock healthcare products. For instance, in December 2023, according to the European Food Safety Authority, an Italy-based public agency, the European Union experienced 5,763 foodborne outbreaks in 2022, marking a 44% rise from the previous year. Therefore, the increasing prevalence of food-borne and zoonotic diseases drives the livestock healthcare market.
How is the livestock healthcare market segmented?
The livestock healthcare market covered in this report is segmented –
1) By Product Type: Vaccines, Pharmaceuticals, Feed Additives, Diagnostics, Other Types
2) By Livestock Animal: Poultry, Swine, Cattle, Sheep And Goats, Horse, Other Animals
3) By End User: Reference Laboratories, Point-of-care Testing or In-house Testing, Veterinary Hospitals and Clinics, Other Users
Subsegments:
1) By Vaccines: Live Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, mRNA Vaccines, Viral Vector Vaccines, DNA Vaccines, Recombinant Vaccines
2) By Pharmaceuticals: Prescription Medications, Over-the-Counter Medications, Biopharmaceuticals, Generic Drugs, Specialty Pharmaceuticals, Combination Drugs
3) By Feed Additives: Nutritional Additives (Vitamins, Minerals), Antibiotics, Probiotics, Enzymes, Amino Acids, Flavoring Agents, Antioxidants
4) By Diagnostics: Molecular Diagnostics, Immunoassays, Point-of-Care Testing, Imaging Diagnostics, Histopathology, Genetic Testing
5) By Other Types: Medical Devices, Laboratory Equipment, Research Reagents, Therapeutic Devices, Alternative Treatments
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Who are the top competitors in the livestock healthcare market?
Major companies operating in the livestock healthcare market include Merck & Co Inc., Boehringer Ingelheim International GmbH, Zoetis Inc., Elanco Animal Health Incorporated, Alltech Inc., Virbac SA, Ceva Santé Animale, Phibro Animal Health Corporation, Avivagen Inc., Dechra Pharmaceuticals plc, Huvepharma AD, Vetoquinol SA, Laboratorios Hipra S.A., Anpario plc, Kemin Industries Inc., Norbrook Laboratories Ltd., Alivira Animal Health Limited, Intas Pharmaceuticals Ltd., Jurox Pty Ltd., Hester Biosciences Limited, Vets Plus Inc., Phytobiotics Futterzusatzstoffe GmbH, Delacon Biotechnik GmbH, Bimeda Holdings plc, Inovet (V.M.D. NV/sa)
Which key trends are expected to influence the livestock healthcare market in the coming years?
Technological innovations are a key trend gaining popularity in the livestock healthcare market. Major companies operating in the livestock healthcare market are focused on developing new technological solutions to strengthen their market position. For instance, in July 2022, Merck Animal Health, a US-based biopharmaceutical company that develops and produces medicines and vaccines, launched Whisper on Arrival, a first-of-its-kind technology that transforms decision-making for cattle. It is uniquely designed with specialized sound-gathering equipment and a predictive algorithm that helps to analyze animal breathing, heartbeat, weight, and rectal temperature and offers useful information to feedlot managers and vets for decisions involving specific animals. It aids in formulating a plan of action for the management of bovine respiratory disease (BRD) and identifies the cattle that may be more susceptible to illness.
Which regional trends are influencing the livestock healthcare market, and which area dominates the industry?
The countries covered in the livestock healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Livestock Healthcare Market Report 2025 Offer?
The livestock healthcare market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Livestock healthcare refers to the development of health-building and illness prevention, detection, and management strategies that support the health and welfare of farm animals. They are used for improving the health, welfare, and productivity of livestock.
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