Explore the Animal Health Industry Report 2024

The animal health industry is at the start of transformation driven by advances in technology and improved product safety. This animal health industry report explores market data as well as the key areas of innovation and their implications for companies worldwide.

The 2024 Animal Health Industry Report provides an analysis of current trends, growth dynamics, and prospects in the sector. This report elaborates on the trends in the industry such as livestock management, preventative care, and disease monitoring. With detailed firmographic data and insights into investor activities, it offers an overview to make informed decisions and also assists in capitalizing on emerging trends in the animal health sector.

This report was last updated in July 2024.

This animal health industry report serves as a reference for stakeholders within the industry, investors, policymakers, and economic analysts, providing a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.

StartUs Insights Animal Health Industry Report 2024


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Executive Summary: Animal Health Industry Outlook 2024

This report is created using data obtained from the Big Data and AI-powered StartUs Insights Discovery Platform, covering more than 4.7 million global companies, as well as 20K+ technologies and emerging trends. We also analyzed a sample of 2700+ animal health startups developing innovative solutions to present five examples from emerging animal health industry trends.

  • Industry Growth Overview: The animal health market report shows the industry experienced a slight increase in annual growth rate with 1.39% while involving about 35860+ companies.
  • Manpower & Employment Growth: The industry employs over 2.7 million people and added over 142K employees in the last year.
  • Patents & Grants: Innovation stands strong with more than 36740 patents and 2460 grants.
  • Global Footprint: The top countries include the US, UK, India, Canada, and Australia, and key cities include New York City, London, Sydney, Melbourne, and Mumbai.
  • Investment Landscape: Financial investment in the industry shows an average investment of USD 38.6 million per funding round. It also notes contributions from over 2600 investors across more than 7270 rounds.
  • Top Investors: Investors like Tiger Global, Silgan Holdings, Caisse De Dépôt Et Placement Du Québec, and more collectively invested more than USD 3.7 billion.
  • Startup Ecosystem: The report highlights five top startups including Edge Animal Health (biotechnology solutions), Animab (piglets intestinal health), Ujura (disease prediction technology), VetMed (HOCl-based formula), and 272BIO (antibody discovery).
  • Recommendations for Stakeholders: Companies are encouraged to improve product safety, promote animal welfare, and incorporate modern technologies. Research institutions should create improved diagnostic tools and vaccines. It’s important for government agencies to implement regulations and offer incentives for sustainable practices. Investors are also advised to support research in new treatments and preventive care.

Explore the Data-driven Animal Industry Report for 2024

The Animal Industry Report 2024 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. The heatmap offers a visual representation of industry dynamics. Our database includes 2795 startups and over 35860 companies that represent the industry coverage. The industry witnessed a growth of 1.39% in the last year. Additionally, the sector received over 36740 patents and more than 2460 grants.

The global workforce associated with these companies stands at approximately 2.7 million, with an increase of over 142000 employees in the last year. The heatmap also emphasizes the global spread of these enterprises. The top five country hubs include the US, UK, India, Canada, and Australia, and the leading city hubs involve New York City, London, Sydney, Melbourne, and Mumbai.

What data is used to create this animal health report?

Based on the data provided by our Discovery Platform, we observe that the animal health industry ranks among the top 5% in the following categories relative to all 20K topics in our database. These categories provide a comprehensive overview of the industry’s key metrics and inform the short-term future direction of the industry.

  • News Coverage & Publications: The animal health industry has been featured in more than 4500 publications in the last year.
  • Funding Rounds: The sector closed over 7270 funding rounds.
  • Manpower: Manpower in the animal health sector exceeds 2.7 million workers. It added more than 142000 new employees in the past year.
  • Patents: The industry excels in innovation and holds more than 36740 patents.
  • Grants: Additionally, it secured over 2460 grants.

A Snapshot of the Global Animal Industry

The animal health market outlook showcases an analysis of the sector’s growth and investment dynamics. The report reveals that the industry employs around 2.7 million individuals, with an addition of 142000 new employees over the last year. The number of companies listed in the database exceeds 35860 and demonstrates the industry’s size and impact.

Explore the Funding Landscape of the Animal Industry

On the financial front, the average investment per funding round stands at approximately USD 38.6 million. It indicates the investors’ capital flows into the sector. Over 2600 investors participated in the financial ecosystem and contributed to more than 7270 funding rounds. Further, more than 3480 companies received investments that showcase the investor interest and the health of the startup environment. This data reflects the current strength of the sector and highlights its future growth and innovation.

Who is Investing in the Animal Industry?

The combined investment value of the top investors in the industry exceeds USD 3.7 billion. Here’s a detailed breakdown:

The latest trends in animal health are reshaping the industry landscape. Here are a few key trends along with the firmographic data:

  • Livestock management involves about 11151 companies and employs approximately 1.4 million individuals. Despite a slight decline in the annual trend growth rate of -0.22%, the sector added 51200 new employees last year.
  • The preventative care features 4315 companies and employs over 151100 workers. It exhibits an annual trend growth rate of 3.25%, with 11400 new employees added in the last year.
  • Disease monitoring, though a smaller segment with 257 companies, demonstrates its growth in the sector with an annual trend growth rate of 6.48%. The sector employs 15100 individuals and added 1300 new jobs last year.

5 Top Examples from 2700+ Innovative Animal Industry Startups

The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Book a demo to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.

Edge Animal Health provides Biotechnology Solutions

US startup Edge Animal Health develops therapeutics and vaccines. It uses biotechnological platforms adapted from human health research and integrates gene engineering, advanced cell therapies, and tailored delivery technologies. The startup develops clustered regularly interspaced short palindromic repeats (CRISPR)-based products for veterinary medicine, including the CRISPR hybrid ribonucleic acid-deoxyribonucleic acid (RNA-DNA) platform. The delivery technologies at Edge Animal Health include viral and bacterial vectors, along with macro- and micro-encapsulation techniques. In addition, it explores the use of lipid nanoparticles for messenger-RNA (mRNA) encapsulation. These technologies create vaccines and stem cell and gene therapies for animals.

Animab offers Piglets Intestinal Health

Belgian startup Animab enhances pig intestinal health through oral antibody treatments. The startup’s proprietary monoclonal antibody platform provides precision targeting of harmful pathogens without risk of antibiotic resistance. This platform supports the first synthetic monoclonal antibody product engineered for pig enterotoxigenic escherichia coli (ETEC) protection. The antibodies prevent intestinal infections and promote better weight gain and feed conversion. Further, these antibodies integrate directly into animal feed to simplify the delivery process and reduce reliance on traditional antibiotics and zinc oxide.

Ujura develops Disease Prediction Technology

South Korean startup Ujura offers a platform for early detection and treatment of pet diseases through behavioral monitoring. With a proprietary data platform, the startup uses ethograms to detect diseases early by analyzing animal language. This platform features a near-perfect behavior recognition system that identifies personality shifts in pets using just a wearable device, CATMOS. This disease-detecting system sends notifications to pet owners via smartphone. The startup enhances pet healthcare by providing precise monitoring and proactive disease management solutions.

VetMed creates HOCl-based Formula

South African startup VetMed produces a hypochlorous acid (HOCl)-based formulation for animal healthcare. It treats chronic wounds without causing discomfort, and its application areas also include sensitive parts like ears, eyes, mouth, and nose. Additionally, the pH-neutral formula aligns with animal skin requirements for optimal healing of abrasions, cuts, and other skin ailments. It uses a proprietary electrolytic cell to maintain the pH balance and purity of the product. VetMed’s HOCl solution derives naturally from the human body and showcases a non-toxic, non-irritating, and safe if ingested profile. The product is alcohol-free, steroid-free, and antibiotic-free and leaves irritated skin or harmful residue.

272BIO makes Antibody Discovery

UK startup 272BIO develops biotherapeutics for livestock and companion animal disorders. The startup uses a variable heavy domain of heavy chain (VHH) antibodies, derived from camelids and sharks. It combines the specificity of traditional antibodies with the durability of small molecules. These antibodies remain stable across various temperatures and pH levels and target biological pathways. The startup cuts production costs and optimizes for performance and safety.

Gain Comprehensive Insights into Animal Industry Trends, Startups, or Technologies

The 2024 Animal Health Industry Report showcases the sector’s transformation period and opportunity. It highlights the importance of adapting to emerging trends in livestock management, preventative care, and disease monitoring. Get in touch to explore all 2700+ startups and scaleups, as well as all industry trends impacting animal health companies.

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