Animal Health Market Size

Animal Health Market size was valued at USD 48.36 billion in 2024 and is expected to exceed USD 203.96 billion by the end of 2037, expanding at over 11.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of animal health is evaluated at USD 52.93 billion.

The growth of the market is primarily attributed to the rising pet ownership and growing demand for animal health care products. For instance, pet ownership is expected to account for approximately 17.5 million households in 2022.

Animal health includes preserving and protecting animals from various diseases as well as providing required veterinarian treatments. It also entails regular animal monitoring in order to prevent spread of disease through the use of appropriate medications and diagnostic products. It ensures food safety and protects the public from animal-borne diseases. The increasing count of government initiatives to support and spread more awareness about animal health is boosting up the growth of market. For instance, for monitoring good health of animals, the government of India launched National Animal Disease Control Program (NADCP) in 2019. This program has launched to monitor Foot and Mouth Disease and Brucellosis by vaccinating 100% of the cattle, buffalo, sheep, goat, and pig populations for FMD and 100% of the female cattle calves aged 4-8 months.