Animal healthcare is a growing industry that continues to grow from strength to strength. In this article, we will take a look at the top 10 biggest players in the animal healthcare industry, their market capitalization, and their annual revenue.
Animal healthcare is the medical care and attention given to pets and animals in order to maintain their health and well-being. This is an interdisciplinary field that involves:
⦁ Veterinarians,
⦁ Veterinary technicians
⦁ Animal caretakers
⦁ Researchers
According to a report the Global Animal Healthcare Market was valued at USD 141.2 Billion in 2021 and is projected to reach USD 181.7 Billion by 2028. Let’s take a dive into this exciting industry and find out who the biggest players are.
1: Merck & Co Inc.
Founded: January 1, 1891, New York, United States
Headquarters: Rahway, New Jersey, United States
Number of employees: 67,500 (2021)
Revenue: 48.7 billion USD (2021)
Market Cap: 275.27B
MSD Animal Health, a division of Merck & Co provides innovative portfolios along with services and technologies to prevent, treat and control diseases across all major farm and companion animal species.
2: Mars, Incorporated
Founded: June 23, 1911, Tacoma, Washington, United States
Headquarters: McLean, Virginia, United States
Subsidiaries: Wrigley Company, Royal Canin, Pedigree Petfoods,
Revenue: 45 billion USD (2022)
Number of employees: 130,000 (2020)
Mars Incorporated is an American multinational manufacturer of confectionery, pet food, and other food products and a provider of animal care services.
3: Zoetis Inc
Founded: 1952
Headquarters: Parsippany-Troy Hills, New Jersey, United States
Number of employees: 12,100 (2021)
Revenue: 7.78 billion USD (2021)
Market Cap: 73.79B
Zoetis is a rapidly growing leader in the animal healthcare industry focusing its targets on advancing the health of animals.
4 :IDEXX Laboratories, Inc.
Founded: December 19, 1983
Headquarters: Westbrook, Maine, United States
Number of employees: 10,350 (2021)
Revenue: 2.707 billion USD (2021)
Market Cap: 40.23B
Idexx Laboratories is an American multinational corporation that provides diagnostic, detection, and information systems for veterinary, food, and water testing applications.
5: Elanco Animal Health Inc
Founded: 1954
Headquarters: Indiana, United States
Number of employees: 9,000 (2021)
Revenue: 3.273 billion USD (2020)
Market Cap: 6.11B
ELANCO is a US-based healthcare company that innovates, develops, and manufactures products for animals.
6: DECHRA PHARMACEUTICALS
Founded: 1997
Number of employees: 1,998 (2022)
Revenue: 608 million GBP (2021)
Headquarters: United Kingdom, Northwich, United Kingdom
Market Cap: 3.42B
Dechra Pharmaceuticals is a globally specializing company focused on developing, manufacturing, and marketing sales of high-quality products for the veterinary market worldwide.
7: Virbac SA
Founded: 1968, Nice, France
Number of employees: 5,100 (2022)
Headquarters: France, Carros, France
Market Cap: 2.45B
Virbac is a French company that is dedicated to animal healthcare.
8: Vetoquinol SA
Founded 1933
Headquarters: France
Number of employees: 2,621 (2022)
Market Cap: 993.528M
Revenue: €521 million
Vetoquinol is France-based and it is one of the largest veterinary pharmaceutical companies in the world.
9: Heska Corp
Founded: 1988
Headquarters: Loveland, Colorado, United States
Number of employees: 655 (2021)
Market Cap: 876.87M
Heska Corp. engages in the provision of veterinary and animal health diagnostic, and specialty products.
10: Phibro Animal Health
Founded: 1946
Headquarters: Teaneck, New Jersey, United States
Number of employees: 1,860 (2022)
Revenue: 833 million USD (2021)
Phibro Animal Health is a leading global developer and diversified nutrition and animal health company.
Conclusion
There you have it. As you can see, the industry is home to some of the biggest companies in the world. We hope that you found this article informative.
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