The Wildlife Health Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Wildlife Health Global Market Report 2024, 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.
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.
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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
Advancements in technology are a key trend gaining popularity in the wildlife health market. Major companies operating in the wildlife health market are adopting new technologies to sustain their position in the market. For instance, in August 2021, Merck Animal Health, a US-based manufacturer and developer of vaccines and pharmaceutical medicines for animal health, launched WHISPER ON ARRIVAL technology that transforms decision-making. It is uniquely designed technology with a specialized sound collection device and a predictive algorithm that predicts and analyzes the risk of animal sickness. It allows the farmers and veterinarians to determine the treatment of Bovine Respiratory Disease (BRD).
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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26. South America Wildlife Health Market
27. Brazil Wildlife Health Market
28. Middle East Wildlife Health Market
29. Africa Wildlife Health Market
30. Wildlife Health Market Competitive Landscape And Company Profiles
Top Major Players:
- Bayer AG
- Novartis AG
- Merck & Co Inc
- Boehringer Ingelheim International GmbH
- CSL Limited
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