Wildlife Health Market Analysis, Latest Developments And Objectives Report 2033

Jul 3, 2024 - 13:44

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Overview and Scope
Wildlife health refers to an animal's physical, behavioral, and social health at the level of its individual, population, and more extensive ecosystem, as well as its adaptability to change. Wildlife health is concerned with the various stressors that impact wildlife.

Sizing and Forecast
The wildlife health market size has grown rapidly in recent years. It will grow from $2.26 billion in 2023 to $2.51 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to habitat destruction, availability of wildlife veterinary care facilities, advanced technologies in delivering medicines for animals in sanctuaries/zoos, increasing government initiatives to prevent zoonotic diseases from wild reservoirs.

The wildlife health market size is expected to see rapid growth in the next few years. It will grow to $3.7 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to surging demand for various animal health products, regional prospects, growing demand for companion animal health products, strategic moves by industry leaders, increasing demand for veterinary software. Major trends in the forecast period include global collaboration in disease surveillance, data analytics and artificial intelligence, growing number of wildlife conservation measures, programs and funding activities.

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Segmentation & Regional Insights
The wildlife health market covered in this report is segmented –
1) By Animal Type: Mammals, Birds, Fish, Reptiles, Amphibians
2) By Product: Medicine, Equipment And Consumables
3) By Route of Administration: Oral, Injectable, Other Routes Of Administration
4) By End-User: Zoos, Wildlife Sanctuaries, Wildlife Rescue And Rehab Centers, Other End Users

North America was the largest region in the wildlife health market in 2023. The regions covered in the wildlife health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increase in the incidence of zoonotic diseases is expected to propel the growth of the wildlife health market going forward. A zoonotic disease is any illness or infection that can spread spontaneously from animals to humans or from humans to animals. Increasing zoonotic diseases would help advance and develop various health-related products for wildlife health. For instance, in December 2022, according to the European Food Safety Authority, an Italy-based decentralized agency of the European Union, in Europe, there were 127,840 recorded cases of zoonotic diseases in 2021 compared to 120,946 in 2020. Further, in contrast to 52,702 in 2020, salmonellosis was the second-most commonly reported zoonotic disease, affecting 60,050 people in 2022. Therefore, the increase in the incidence of zoonotic diseases is driving the growth of the wildlife health market.

Key Industry Players
Major companies operating in the wildlife health market report are Bayer AG, Novartis AG, Merck & Co Inc., Boehringer Ingelheim International GmbH, CSL Limited, Zoetis Inc., Elanco Animal Health Incorporated, IDEXX Laboratories Inc., Génia USA Inc., Ceva Santé Animale, Orion Corporation, Virbac Group, Royal Canin, Emergent BioSolutions Inc., Ceva Santé Animale Group, Phibro Animal Health Corporation, Dechra Pharmaceuticals PLC, Dechra Pharmaceuticals,, Vétoquinol, Vetoquinol S.A., Indian Immunologicals Limited, Norbrook Laboratories Limited, Heska Corporation, Biogenesis Bago, Animalcare Group plc, Pneu-Dart Inc., PetAg Inc.

The wildlife health market report table of contents includes:
1. Executive Summary
2. Wildlife Health Market Characteristics
3. Wildlife Health Market Trends And Strategies
4. Wildlife Health Market - Macro Economic Scenario
5. Global Wildlife Health Market Size and Growth

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32. Global Wildlife Health Market Competitive Benchmarking
33. Global Wildlife Health Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wildlife Health Market
35. Wildlife Health Market Future Outlook and Potential Analysis
36. Appendix

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