Market Introduction
Controlling animal health by preventing animal disease epidemic and monitoring animal food supplies is vital to the any economy and safety of the any country's food supply. Breeding of healthy livestock guarantees a safe supply of food and keep selling prices stable. Animal disease epidemic costs the country millions of dollars owing to livestock trade halts, animal slaughters and subsequent disease elimination efforts. For example, in November 2017, Porcine reproductive and respiratory syndrome virus (PRRSV), causes stillborn piglets which costs U.S. farmers an annual $600 million. Animal diseases with human health connection can adversely affect public health, international trade, and the stability of the agricultural sector. Disease free and healthy animals likely to result in safer food supplies, higher farm productivity, reduced environmental impacts, reduced use of antibiotics.
Market Overview and Dynamics
The North America animal health market is expected to reach US$ 40,797.6 Mn in 2027 from US$ 24,436.0 Mn in 2018. The market is anticipated to grow with a CAGR of 6.0% from 2019-2027. Factors driving the market growth include increasing incidences of zoonotic diseases. However, the use of counterfeit medicines is likely to have a negative impact on market growth.
Key Market Segments
By product, the prescription segment accounted for the largest market share in the North American animal health market in 2018. In terms of animal type, the production animal segment held the largest market share of the animal health market by 2027.
Major Sources and Companies Listed
Some of the major primary and secondary sources for animal health market included in the report are, Centers For Disease Control And Prevention (CDC), Food and Drug Administration (FDA), Cattle Health and Welfare Group (CHAWG), Healthy Pets Healthy Families Initiative (HPHF), Ministry of Agriculture (MA), and others.
Reasons to buy the report
NORTH AMERICA ANIMAL HEALTH MARKET SEGMENTATION
By Product
By Animal Type
By Geography
• North America
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 24,436.0 Million |
| Market Size by 2027 | US$ 40,797.6 Million |
| CAGR (2019 - 2027) | 6.0% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The North America Animal Health Market is valued at US$ 24,436.0 Million in 2018, it is projected to reach US$ 40,797.6 Million by 2027.
As per our report North America Animal Health Market, the market size is valued at US$ 24,436.0 Million in 2018, projecting it to reach US$ 40,797.6 Million by 2027. This translates to a CAGR of approximately 6.0% during the forecast period.
The North America Animal Health Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Animal Health Market report:
The North America Animal Health Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Animal Health Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Animal Health Market value chain can benefit from the information contained in a comprehensive market report.
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