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  • Published In : Apr 2024
  • Code : CMI550
  • Pages :195
  • Formats :
      Excel and PDF
  • Industry : Pharmaceutical

Market Size and Trends

The Europe animal healthcare market is estimated to be valued at USD 15,270.3 Mn in 2024 and is expected to reach USD 21,575.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.

Europe Animal Healthcare Market Key Factors

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The Europe animal healthcare market is expected to witness positive growth over the forecast period. Rising pet adoption in European countries such as the U.K., France, and Germany is driving the demand for animal healthcare products and services. Additionally, growing awareness among pet owners about animal health and increasing pet humanization will propel the demand for vaccinations and nutritional products. However, high costs associated with veterinary services and treatments may hamper the market growth to some extent. Overall, increasing focus of key players on product innovation and development of advanced medical devices for veterinary usage is expected to create new growth opportunities for this market.

Market Driver – Rising Pet Ownership

With growing urbanization and modern lifestyles, ownership of pets is increasing at a significant pace across Europe. People are increasingly adopting pets such as dogs, cats, and other small animals due to companionship and need for affection. This has led to dogs and cats far outnumbering children in many European households in recent years. As a result, there is rising awareness about the health and wellbeing of pets. Pet owners understand that their pets also need proper healthcare, nutrition and preventive care similar to humans. The growing expenditure on premium food, insurance, treatment, and services indicates that pet owners want their companions to live long and healthy lives through quality healthcare interventions. As the trend towards nuclear families continues, citizens particularly in urban centers who lack extended family support find pets as a dependable source of unconditional affection. This will further fuel the demand for animal healthcare products and services.

Market Concentration and Competitive Landscape

Europe Animal Healthcare Market Concentration By Players

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Increasing Mutual Recognition Agreement among Regulatory Authorities

Increasing mutual recognition agreement among regulatory authorities for the inspections of animal healthcare drugs is expected to drive the Europe animal healthcare market growth over the forecast period. For instance, in June 2023, the U.S. Food and Drug Administration and European Medicines Agency announced a U.S.-EU Mutual Recognition Agreement (MRA) for pharmaceutical good manufacturing practices inspections of animal drugs. By extending coverage to animal drug manufacturers, the FDA will be able to rely on inspection reports created by certain European authorities minimizing the need for additional animal drug facility inspections and freeing up regulatory resources. The MRA extends only to surveillance inspections of drug establishments, not to pre-approval inspections.

Europe Animal Healthcare Market Key Takeaways From Lead Analyst

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Market Challenges – Rising Pet Care Costs

Rising pet care costs are putting financial strain on pet owners across the region. Generic competition is increasing for many off-patent drugs, reducing prices and profit margins for branded products. Strict regulations from the European Medicines Agency also raise compliance costs. Demonstrating safety and efficacy of new products through clinical trials takes significant time and investment.

Market Opportunities – Pet Nutraceuticals and Telehealth

Pet nutraceuticals and telehealth present a compelling growth opportunity in the European animal healthcare market. Pet owners are showing greater willingness to explore nutraceutical supplements and functional foods that can provide additional health benefits to pets. The market has seen the launch of various supplement products targeted at joint health, skin and coat, digestive health, heart health, weight management and more for dogs and cats. The availability of these supplements through e-commerce websites and apps as well as mainstream retail stores has made them highly accessible solutions for pet owners. 

Europe Animal Healthcare Market By Drug Type

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Insights, By Drug Type: Increasing Prevalence of Infectious Diseases in Animals

The drug type segment includes anti-infective agents, anti-inflammatory & analgesic agents, parasiticides, vaccines, hormones & substitutes, and others. The anti-infective agents subsegment is estimated to hold 32.6% of the market share in 2024, owing to the increasing prevalence of infectious diseases in animals. Anti-infective drugs remain in high demand due to the constant threat of bacterial, viral, and parasitic pathogens. Livestock are especially vulnerable to contagious illnesses due to their close quarters in agricultural facilities. Even with prophylactic vaccination programs, outbreaks continue to occur, requiring rapid medical intervention. Anti-infectives act as the frontline treatment during outbreaks, helping to control disease spread. Their utility in both disease response and long-term prevention strategies has made them a staple of veterinary practices. Veterinarians commonly prescribe anti-infectives for routine illnesses and to treat secondary infections stemming from other conditions. As new disease strains emerge and develop antimicrobial resistance, innovative anti-infectives addressing resistant pathogens will be crucial to sustaining this market segment's leadership.

Insights, By Animal Type: Increasing Caring for Companion Animals

The animal type segment includes livestock and companion. The livestock subsegment is estimated to hold 55.4% of the market share in 2024 driven by increasing caring for companion animals. While companion animal healthcare is a growing field, livestock production remains a cornerstone of European agriculture. Treating livestock is a massive undertaking given the huge animal populations involved in meat, egg, and dairy production. Proper animal healthcare is necessary to maximize productivity and minimize economic losses from disease and mortality. Routine treatments for viral and bacterial infections are ubiquitous in livestock operations to prevent outbreaks. Vaccinations are also extensively used to provide immunization against common illness threats. Beyond disease prevention, growth promoters and endocrine treatments are utilized to accelerate maturation and optimize production attributes such as milk yield or lean muscle growth. Reproductive medications further aid in efficient breeding. The scale of livestock agriculture in Europe sustains heavy demand for these types of animal health products and services. Ensuring livestock health supports the livelihoods of farmers and the provision of inexpensive animal proteins.

Insights, By Indication: Animals’ Natural Susceptibility to Pathogens

The indication segment includes infectious diseases, pain management, auto-immune disease, and others. The infectious diseases subsegment is expected to have 28.7% of the market share in 2024 due to animals’ natural susceptibility to pathogens. Both livestock and companion animals lack complex medical infrastructures and are often housed in settings conducive to disease transmission. Communal living arrangements coupled with susceptibility to zoonotic diseases like rabies, avian influenza, and others demand prophylactic tools. Vaccines play a critical role in preventing infectious illness but are not a replacement for drug therapeutics.

Market Report Scope

Europe Animal Healthcare Market Report Coverage

Report Coverage Details
Base Year: 2023 Market Size in 2024: US$ 15,270.3 Mn
Historical Data for: 2019 To 2023 Forecast Period: 2024 To 2031
Forecast Period 2024 to 2031 CAGR: 5.1% 2031 Value Projection: US$ 21,575.4 Mn
Segments covered:
  • By Drug Type: Anti-Infective Agents, Anti-Inflammatory & Analgesic Agents, Parasiticides, Vaccines, Hormones & Substitutes, and Others
  • By Animal Type: Livestock (Bovine, Porcine, Poultry, and Other), Companion (Canine, Feline, Equine)
  • By Indication: Infectious Diseases, Pain Management, Auto-immune Disease, and Others 
Companies covered:

Merck & Co., Inc., Virbac, Dechra Pharmaceuticals, Vetoquinol S.A., Zoetis Inc., Ceva Santé Animale, Bayer AG, Elanco, Evonik Industries AG, Archer Daniels Midland Company, Cargill, Incorporated, SeQuent Scientific Ltd., Hester Biosciences, and Bioiberica S.A.U

Growth Drivers:
  • Rising Pet Ownership
  • Increasing Mutual Recognition Agreement among Regulatory Authorities
Restraints & Challenges:
  • Rising Pet Care Costs
  • Growing Pet Insurance Costs

Key Developments

  • In April, 2023, Bioiberica S.A.U, a life science company that offers products for human, animal, and plant heal, announced the launch of Atopivet Collar, a skin health solution for the treatment of atopic dermatitis in dogs. Atopivet Collar is a cosmetic product for dogs and cats that maintains healthy skin by hydrating and nourishing the skin of pets.
  • In August, 2022, the European Animal Health Agency extended its ASF awareness campaign. African Swine Fever (ASF) is a devastating infectious disease in pigs. No vaccine exists to combat this virus. The African swine fever (ASF) outbreak in Europe is a threat to both wild and domestic pig populations, thus the animal health organization had expanded its disease awareness campaign. ASF has recently spread to two commercial farms in Russia, and 14 European nations have confirmed new cases among wild pigs.
  • In October 2021, Zoetis, an animal health company, expanded its manufacturing and development facility in Tullamore, Ireland, in order to increase its production capacity of veterinary monoclonal antibodies (mAbs)
  • In December 2020, SeQuent Scientific, an integrated pharmaceutical company, launched Halofusol 0.5 mg/ml oral solution for calves in 19 European countries. Halofusol is an oral anti-protozoal solution for the prevention and reduction of diarrhea in newborn calves.

*Definition: Animal healthcare focuses on effective animal health management by diagnosing and treating diseases. The outbreak of animal diseases restricts the trading of animal-origin products, increases the cost of disease management, and hampers the global economy. The Europe animal healthcare market refers to the market for various veterinary healthcare products and services for livestock animals as well as companion animals in the European countries. It includes pharmaceuticals, vaccines, parasiticides, feed additives, and other animal care products that improve animal health and productivity.

Market Segmentation

  • Drug Type Insights (Revenue, USD Mn, 2019 - 2031)
    • Anti-Infective Agents
    • Anti-Inflammatory & Analgesic Agents
    • Parasiticides
    • Vaccines
    • Hormones & Substitutes
    • Others
  •  Animal Type Insights (Revenue, USD Mn, 2019 - 2031)
    • Livestock 
      • Bovine
      • Porcine
      • Poultry
      • Other
    • Companion 
      • Canine
      • Feline
      • Equine
  •  Indication Insights (Revenue, USD Mn, 2019 - 2031)
    • Infectious Diseases
    • Pain Management
    • Auto-immune Disease
  • Key Players Insights
    • Merck & Co., Inc.
    • Virbac
    • Dechra Pharmaceuticals
    • Vetoquinol S.A.
    • Zoetis Inc.
    • Ceva Santé Animale
    • Bayer AG
    • Elanco
    • Evonik Industries AG
    • Archer Daniels Midland Company
    • Cargill, Incorporated
    • SeQuent Scientific Ltd.
    • Hester Biosciences
    • Bioiberica S.A.U

Frequently Asked Questions

The CAGR of the Europe animal healthcare market is projected to be 5.1% from 2024 to 2031.

Rising pet ownership and increasing mutual recognition agreement among regulatory authorities are the major factors driving the growth of the Europe animal healthcare  market.

Rising pet care costs and growing pet insurance costs are the major factors hampering the growth of the Europe animal healthcare market.

In terms of Drug Type, anti-infective agents is estimated to dominate the market revenue share in 2024.

Merck & Co., Inc., Virbac, Dechra Pharmaceuticals, Vetoquinol S.A., Zoetis Inc., Ceva Santé Animale, Bayer AG, Elanco, Evonik Industries AG, Archer Daniels Midland Company, Cargill, Incorporated, SeQuent Scientific Ltd., Hester Biosciences, and Bioiberica S.A.U are the major players.

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