Rising incidence of food-borne zoonotic diseases is the major factor driving the target market growth. For instance according to cdc.gov zoonotic diseases are very common, around the world. Experts guesstimate that more than 6 out of every 10 known communicable diseases in people are spread from animals, and 3 from every 4 new infectious diseases in people are spread from animals. However, strict regulatory rules & complex procedures for obtaining approval and licensing of animal healthcare products such factor hamper the growth of the farm animal healthcare market.Farm Animal Healthcare Market was valued at US$ 22.3 billion in 2024 and is projected to grow at a CAGR of 7.5% to reach US$ 43.2 billion by 2034.

The report "Farm Animal Healthcare Market, By Product (Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, and Other Therapeutics), By Animal Type (Cattle, Swine, Poultry, Aquaculture, Sheep, and Other Farm Animals), and Region - Global Forecast to 2034".

Key Highlights:

• On 3 January 2020 Boehringer Ingelheim presents DiaTEC, a new and proprietary purification technology for Ingelvac CircoFLEX®. This is the first PCV2 vaccine that could be freshly mixed with an M Hyo vaccine to address two critical swine pathogens in one injection.
• In January 2019, Ceva Animal Health has launched MilbeGuard (milbemycin oxime) Flavored Tablets, this is first FDA-approved generic milbemycin oxime in the U.S. beef-flavoured tablet that prevents heartworm disease, and treats and controls.

Key Market Insights from the report:        

Farm Animal Healthcare Market was valued at US$ 22.3 billion in 2024 and is projected to grow at a CAGR of 7.5% to reach US$ 43.2 billion by 2034 over the forecast period. The market report has been segmented based on Product and by animal type and region.

• By product global farm animal healthcare market is classified into vaccines, parasiticides, anti-infectives, medical feed additives, and other therapeutics.
• By animal type global farm animal healthcare market is classified into cattle, swine, poultry, aquaculture, sheep, and other farm animals
• By region, North America is expected to dominate the target market. Owing to the rising prevalence of zoonotic diseases. Additionally, the growing animal farming and growing demand for the protein-rich diet are the major factors driving the growth for the target market in the region.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Farm Animal Healthcare Market, By Product (Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, and Other Therapeutics), By Animal Type (Cattle, Swine, Poultry, Aquaculture, Sheep, and Other Farm Animals), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - forecast till 2034

The prominent player operating in the global Farm Animal Healthcare market Bayer AG, Boehringer Ingelheim International GmbH, Ceva Animal Health Inc, Elanco, IDEXX Laboratories, Merck & Co. Inc., Phibro Animal Health, Vetoquinol, Virbac, and Zoetis Inc. Key players in the market are focusing on research and development.

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