Global animal health market 2002-2018

The global animal health market has seen a dramatic increase in size in recent years. 2018 has been the biggest year on record for the industry with an estimated value of over 33.5 billion U.S. dollars. The animal health industry is comprised of many different sectors and focuses on both companion animals and food animals.

Animals in the U.S.

There are several million farm animals in the U.S. and many million more companion animals. As of 2018, there were 94.4 million cattle and calves in the U.S. There were also about 74.3 million pigs and hogs during that same year. On top of the large number of food animals living in the U.S. a significant percentage of U.S. households have a companion animal of some sort.

Animal health market

Given the large number of animals in the U.S. it is no wonder that it represents the largest single animal health market globally. There are many major pharmaceutical companies that work in animal health, some even cater to both human and animal health needs. Currently, Zoetis, an animal health company, and Boehringer Ingelheim, a human and animal health company, held the largest percentage of the global animal health market. Within those companies there are many kinds of products being developed, while the largest animal health market segment are pharmaceuticals.

Global animal health market size from 2002 to 2018

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Sources

Release date

2019

Region

Worldwide

Survey time period

2002 to 2018

Supplementary notes

This statistic was assembled from several documents using the same source.

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Statistics on "Zoetis"

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