What is the animal health market?
The U.S. animal health market makes up about 2% of the total U.S. pharmaceutical market ($9.9 billion animal compared to $450 billion human medicines). About 60% of animal health sales in the U.S. are companion animal products and about 40% are food-producing animal products.
How big is animal health market?
The global animal health market size was estimated at USD 39.9 billion in 2021 and is expected to reach USD 43.3 billion in 2022.
Who is the largest animal health company?
Zoetis
Today, U.S. pharmaceutical manufacturer Zoetis is the world’s largest company in the animal health sector, with a total revenue of close to 6.7 billion U.S. dollars in 2020. Zoetis was a part of Pfizer – under the name Pfizer Animal Health – until 2013 when it became an independent company.
Why is animal healthcare important?
Keeping animals healthy keeps communities vibrant and growing as well. Ensuring farmers have the necessary tools, like modern vaccines, antibiotics and treatments, and access to veterinarians are essential in meeting this goal. Healthy animals are the foundation of vibrant and growing communities.
What is the animal care industry?
The Animal Care and Management industry can be described as having eight sub-sectors: Veterinary Services, Animal Breeding Services, Pet and Companion, Assistance and Therapy Animal Services, Animal Technology Services, Captive Wildlife Operations, Animal Control Services, Wildlife Care and Rehabilitation Services and …
What is animal health veterinary?
Veterinary medicine is the branch of medicine that deals with the prevention, control, diagnosis, and treatment of disease, disorder, and injury in animals. Along with this, it deals with animal rearing, husbandry, breeding, research on nutrition, and product development.
Who owns Pfizer Animal Health?
Pfizer Animal Health is now Zoetis Building on 60 years of experience as Pfizer Animal Health, we discover, develop, manufacture, and commercialize quality medicines and vaccines, complemented by diagnostics products and genetics tests and supported by a range of services.
Does Pfizer own Zoetis?
Zoetis Inc. The company was a subsidiary of Pfizer, the world’s largest drug maker, but with Pfizer’s spinoff of its 83% interest in the firm it is now a completely independent company. The company directly markets its products in approximately 45 countries, and sells them in more than 100 countries.
How improvement of animal health can be beneficial?
Well cared for animals are more likely to remain disease-free and less likely to transmit diseases (zoonoses) to their handlers or people consuming animal-source foods. Diseases transmitted from animals make up 25% of the infectious disease burden in least developed countries.
What does an animal health technician do?
Animal health technicians take on the responsibility to promote animal health, relieving the suffering of animals and assisting in the saving of animal lives.
Can you get an apprenticeship working with animals?
If you opt for an animal care apprenticeship, you’ll be earning a salary, working alongside experienced employees and gaining qualifications that’ll set you up for a great career! Although very competitive, an animal care apprenticeship will get you great work experience, setting you up for an amazing career.
What does captivity do to animals?
Captivity suppresses the natural instincts of wild animals. Animals suffer permanent frustration because they have no freedom of choice and cannot behave as they would do in their natural environment. This leads to a tendency toward genetic, physical and behavioural degeneration.
What is the market size of the animal health market?
The global animal health market size was valued at USD 45.4 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 9.0% from 2021 to 2028. The market is largely driven by a significant rise in demand for protein food and an increase in the incidence of zoonotic and food-borne diseases globally.
What are the products in animal healthcare market?
Products in animal healthcare market comprises feed additives, pharmaceuticals and vaccines. Feed additives include feed supplements, medicated food and nutritional feed to overcome the protein and vitamin deficiency majorly in farm animals. Pharmaceuticals include antibiotics, antiparasitics, anti-inflammatories, analgesics and fertility drugs.
What is the forecast period of animal healthcare market research?
Animal Healthcare Market size was valued at around USD 139 billion in 2020 and is predicted to grow at over 4.7% CAGR from 2021 to 2027. Increasing prevalence of zoonotic diseases, growing penetration of e-commerce platforms promoting online pharmacies are anticipated to uplift the market growth.
Which country dominated the North America animal healthcare market in 2020?
The U.S. dominated the North America animal healthcare market and exceeded USD 49 billion in 2020 on account of the significant rise in the number of pet animal acceptance in the U.S. in last few decades. According to the American Pet Products Association, Inc. (APPA), around 67% of U.S. households owned a pet in 2019 in comparison to 56% in 1988.