The India Animal Healthcare Market was valued at US$ 869.54 Mn in 2021 and is projected to expand at a CAGR of 6.9% from 2022 to 2031.
The India Animal Healthcare Market was valued at US$ 869.54 Mn in 2021 and is projected to expand at a CAGR of 6.9% from 2022 to 2031.
Animal health product manufacturers are biopharmaceutical companies that invest in research & development to develop innovative medicines and products for food production and companion animals. The animal health industry collaborates with farmers, government agencies, veterinarians, and other groups to ensure the health and safety of animals.
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More effective vaccines and delivery mechanisms can help protect animals against diseases. Additionally, developing new products that prevent or treat bacterial infection shows positive impacts on animal health and wellbeing.
Early detection of diseases and targeted treatments can bring multiple benefits for animal healthcare market and help support sustainable development. Improving animal health through precision nutrition and feed additives enhances support to overall animal health and wellbeing and render greater sustainability.
Veterinary healthcare professionals prescribe drugs to treat diseases, injuries, and enable speedy recovery of the animals suffering from several health conditions. In addition, these drugs are acts as preventive medications to curb the spread of infectious diseases among animals. Preventive animal disease medications, in turn, aids human healthcare by restricting the infection transmission from animals to humans.
Pet ownership and awareness about animal healthcare products have increased across the country. Increase in animal care spending, owing to a strong emotional connect with their pets and awareness about their healthcare needs will further propel market growth.
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Key Takeaways
South Zone accounted for the largest share of the animal healthcare market in India in 2021. The market in South Zone is projected to expand at a CAGR around 7% from 2022 to 2031.
Increase in number of polyclinics, veterinary hospitals, and institutions as well as innovative technologies in South Zone compared to other zones in India can be attributed to South Zone's large market share
For instance, India's first road animal ambulance was launched in Chennai, Tamil Nadu, and was started by the Blue Cross of India in partnership with the international animal welfare organization “Four Paw”
West Zone held the second largest share of the market in the country in 2021. The market in this zone is anticipated to record a CAGR of around 7.5% during the forecast period.
Increase in collaboration with funding trusts and organizations for animal healthcare and positive impact of state government regulations are likely to propel the market in the West zone
For instance, in 2017, Tata Trusts, India’s well-known philanthropic organization, collaborated with ‘People for Animals’ (PFA), India's largest animal welfare organization, to build a state-of-the-art multi-specialty veterinary hospital and emergency clinic located at Kalamboli in Navi Mumbai. The project cost was estimated to be over INR 100 Cr.
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Competitive Landscape Outlook
The animal healthcare in India represents a consolidated market with the presence of a few established players accounting for major market share. Some of the key players operating in this market are Pfizer Inc., Sanofi SA, Novartis AG, Olympus Corporation, GlaxoSmithKline plc, Zydus Lifesciences Ltd., Merck & Co. Inc., Sun Pharmaceutical Industries Ltd., and Lupin Ltd.
India Animal Healthcare Market: Key Developments
On April 26, 2022, Merck Animal Health launched Innovative Hyper InfusiO₂n Solutions to improve sustainability for fish and hydropower operations while also supporting fish populations
On May 26, 2021, Boehringer Ingelheim India announced the launch of its poultry vaccine VAXXITEK HVT+IBD. An innovative recombinant vaccine, VAXXITEK HVT+IBD is a single shot vaccine, ensuring life-long protection for all types of production chickens, such as broiler, layer, and breeder.
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India Animal Healthcare Market: Segmentation
India Animal Healthcare Market, by Animal Type
- Bovine
- Porcine
- Ovine
- Poultry
India Animal Healthcare Market, by Therapeutic Type
- Drugs
- Analgesic
- Antipyretic
- Anti-inflammatory
- Others
Vaccines
- Live Attenuated
- Inactivated Vaccines
- Others
India Animal Healthcare Market, by Distribution Channel
- Veterinary Hospitals
- Veterinary Clinics
- Pharmacies
- Others
India Animal Healthcare Market, by Zone
- East Zone
- West Zone
- North Zone
- South Zone
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