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Winter 2022 | M&A Report In The Animal Health Industry Sector

By Alexander Petersen

March 17, 2022

The report below gives a good overview of the Winter 2022 M&A activity in the Animal Health Industry Sector. The global animal health market was valued at $33.7 billion in 2020 and is expected to reach $ 41.1 billion by 2027, growing at a CAGR of 2.4% for the period spanning 2021-2027, as per research published by Market Growth Reports. The growth in this sector is fueled by the growing animal population, increased occurrence of animal diseases and increased investments in immunization, disease diagnosis and balanced diet. In addition to that, an increasing number of pet owners along with higher pet spending by millennials & Gen Z members, is driving growth for the industry. Although Covid-19 impacted the animal healthcare industry, but it responded with incredible innovation and growth. Several veterinary practitioners in the US innovated and implemented new strategies such as smart inventory management, curbside veterinary care, home delivery, telemedicine, and alternative payment plans to ensure that pets continue receiving care despite supply chain disruptions caused by the pandemic. Key market participants utilized sustainability strategies such as expanding product portfolios to gain a competitive advantage. The global animal health market is anticipated to grow rapidly in the future, due to increasing demand for effective anti-parasitic drugs, medicated feed additives, and animal vaccines.

Posted by Alexander Petersen.

Read the Entire Winter 2022 Animal Health Report Here