The Europe animal health market size was estimated at USD 16.5 billion in 2023 and it is projected to grow at a CAGR of 8.0% from 2024 to 2030. An increase in the number of pet owners, growing pet humanization, unceasing demand for meat and milk leading to a rise in livestock population, increase in the expenditure on veterinary medicines and other animal health products, growing awareness about animal welfare, government initiatives directed toward the wellbeing of animals, and growing availability of animal health solutions have driven the market growth in Europe.
Europe’s animal health market accounted for a 26.5% share (second-largest) of the global animal health industry in 2023. In recent years, the total population of production and companion animals has been on the rise. According to the FEDIAF 2023 report, 91 million households in the European Union region own a pet (46%), with around 127 million cats, 104 million dogs, and other pets. This population develops a huge demand for all sorts of animal health products including biologics, pharmaceuticals, diagnostics, equipment disposables, medicinal feed activities, and other health-related solutions.
Europe Animal Health Market Segmentation
- Pharmaceuticals led the market with the largest revenue share of 43.8% in 2023. Offerings such as parasiticides, anti-infective products, anti-inflammatory products, and analgesics are some of the pharmaceutical products used for animal health.
- The production animals segment dominated the market with the largest revenue share of 65.7% in 2023. The global livestock population has been growing unceasingly and Europe holds a large share of this number.
- Based on end-use, veterinary hospitals clinics led the market with the largest revenue share of 72.1% in 2023. The point-of-care testing/in-house testing segment is projected to grow at a CAGR of 12.4% from 2024 to 2030.
- The Poland animal health market is expected to experience a CAGR of 10.6% from 2024 to 2030. This growth can be attributed to a variety of drivers such as high milk consumption and dairy farming in the country, enhancements in economic conditions, and growing inclination of researchers to conduct clinical trials for animal health products.
Europe Animal Health Market Report Segmentation
This report forecasts revenue growth at a regional and country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Europe animal health market report based on product, animal type, end-use, distribution channel and country.
- Product Outlook (Revenue, USD Billion, 2018 - 2030)
- Biologics
- Vaccines
- Modified/ Attenuated Live
- Inactivated (Killed)
- Other Vaccines
- Other Biologics
- Vaccines
- Pharmaceuticals
- Parasiticides
- Anti-infectives
- Anti-inflammatory
- Analgesics
- Others
- Medicinal Feed Additives
- Diagnostics
- Consumables, reagents and kits
- Instruments and devices
- Equipment Disposables
- Critical Care Consumables
- Anesthesia Equipment
- Fluid Management Equipment
- Temperature Management Equipment
- Rescue Resuscitation Equipment
- Research Equipment
- Patient Monitoring Equipment
- Others
- Veterinary Telehealth
- Veterinary Software
- Livestock Monitoring
- Animal Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Production Animals
- Poultry
- Swine
- Cattle
- Sheep Goats
- Fish
- Companion Animals
- Dogs
- Cats
- Horses
- Others
- End-use Outlook (Revenue, USD Billion, 2018 - 2030)
- Veterinary Reference Laboratories
- Point-of-care Testing/In-house Testing
- Veterinary Hospitals Clinics
- Others
- Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)
- Retail
- E-Commerce
- Hospital/ Clinic Pharmacy
- Country Outlook (Revenue, USD Billion, 2018 - 2030)
- Germany
- France
- Italy
- Spain
- Switzerland
- Netherlands
- Russia
- Sweden
- UK
- Poland
- Ireland
- Production Animals
- Biologics
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