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India Veterinary Medicine Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The India veterinary medicine market is expected to exhibit a CAGR of 7.73% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Veterinary medicine is a branch of medicine involving the prevention, management, diagnosis, and treatment of diseases that affect the health of household pets, exotic species, and wild animals. It assists in biomedical research and monitoring of animal health in commercial animal husbandry. Besides this, as it also aids in providing advanced medical, dental, and surgical care, which includes insulin injections, root canals, hip replacements, cataract extractions, and pacemakers, there is a rise in the demand for veterinary medicine across India.

 

 
 

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India Veterinary Medicine Market Trends:

The increasing number of pet parents represent one of the key factors impelling the growth of the market in India. Moreover, there is a rise in the prevalence of zoonotic diseases, such as rabies, plague, toxoplasmosis, cysticercosis, echinococcosis, leptospirosis, nipah, trypanosomiasis, and kyasanur forest disease (KFD), in the country. As a result, the Government of India has implemented a centrally sponsored Livestock Health and Disease Control (LH&DC) scheme to tackle the issue of livestock health and disease effectively. It has also launched National Animal Disease Control Programme (NADCP) for controlling foot and mouth disease (FMD) and brucellosis by vaccinating cattle, buffalo, sheep, goat and pig population. This, coupled with the growing consumption of meat and dairy products in the country, is positively influencing the market. Apart from this, several state governments are introducing 24x7 veterinary hospitals to provide extended care to companion and farm animals. Additionally, leading players are introducing online veterinary consultation for pets across India. The increasing adoption of the one health (OH) approach, which is strategically gaining significance from veterinarians and healthcare providers, is also fueling the growth of the market in the country.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India veterinary medicine market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product, animal type, route of administration and distribution channel.

Breakup by Product:

 

 
 

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  • Drugs
    • Anti-infective
    • Anti-inflammatory
    • Parasiticide
  • Vaccines
    • Inactivated Vaccines
    • Attenuated Vaccines
    • Recombinant Vaccines
  • Medicated Feed Additives
    • Amino Acids
    • Antibiotics
       

Breakup by Animal Type:

  • Companion Animals
  • Livestock Animals
     

Breakup by Route of Administration:

  • Oral
  • Parenteral
  • Topical
     

Breakup by Distribution Channel:

  • Veterinary Hospitals Pharmacies
  • Retail Veterinary Pharmacies
  • Online Pharmacies
     

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Animal Type, Route of Administration, Distribution Channel, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India Veterinary Medicine Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    Drugs
        6.1.1 Market Trends
        6.1.2 Key Segments
           6.1.2.1 Anti-infective
           6.1.2.2 Anti-inflammatory
           6.1.2.3 Parasiticide
        6.1.3 Market Forecast
    6.2    Vaccines
        6.2.1 Market Trends
        6.2.2 Key Segments
           6.2.2.1 Inactivated Vaccines
           6.2.2.2 Attenuated Vaccines
           6.2.2.3 Recombinant Vaccines
        6.2.3 Market Forecast
    6.3    Medicated Feed Additives
        6.3.1 Market Trends
        6.3.2 Key Segments
           6.3.2.1 Amino Acids
           6.3.2.2 Antibiotics
        6.3.3 Market Forecast
7    Market Breakup by Animal Type
    7.1    Companion Animals
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Livestock Animals
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Route of Administration
    8.1    Oral
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Parenteral
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Topical
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Distribution Channel
    9.1    Veterinary Hospitals Pharmacies
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Retail Veterinary Pharmacies
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Online Pharmacies
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Region
    10.1    North India
        10.1.1 Market Trends
        10.1.2 Market Breakup by State
        10.1.3 Market Forecast
    10.2    West and Central India
        10.2.1 Market Trends
        10.2.2 Market Breakup by State
        10.2.3 Market Forecast
    10.3    South India
        10.3.1 Market Trends
        10.3.2 Market Breakup by State
        10.3.3 Market Forecast
    10.4    East India 
        10.4.1 Market Trends
        10.4.2 Market Breakup by State
        10.4.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players

List of Figures

Figure 1: India: Veterinary Medicine Market: Major Drivers and Challenges
Figure 2: India: Veterinary Medicine Market: Sales Value (in Billion US$), 2016-2021
Figure 3: India: Veterinary Medicine Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: India: Veterinary Medicine Market: Breakup by Product (in %), 2021
Figure 5: India: Veterinary Medicine Market: Breakup by Animal Type (in %), 2021
Figure 6: India: Veterinary Medicine Market: Breakup by Route of Administration (in %), 2021
Figure 7: India: Veterinary Medicine Market: Breakup by Distribution Channel (in %), 2021
Figure 8: India: Veterinary Medicine Market: Breakup by Region (in %), 2021
Figure 9: India: Veterinary Medicine (Drugs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: India: Veterinary Medicine (Drugs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: India: Veterinary Medicine (Vaccines) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: India: Veterinary Medicine (Vaccines) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: India: Veterinary Medicine (Medicated Feed Additives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Veterinary Medicine (Medicated Feed Additives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: India: Veterinary Medicine (Companion Animals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: India: Veterinary Medicine (Companion Animals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: India: Veterinary Medicine (Livestock Animals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Veterinary Medicine (Livestock Animals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: Veterinary Medicine (Oral) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Veterinary Medicine (Oral) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: Veterinary Medicine (Parenteral) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Veterinary Medicine (Parenteral) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: India: Veterinary Medicine (Topical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Veterinary Medicine (Topical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: Veterinary Medicine (Veterinary Hospitals Pharmacies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: Veterinary Medicine (Veterinary Hospitals Pharmacies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Veterinary Medicine (Retail Veterinary Pharmacies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Veterinary Medicine (Retail Veterinary Pharmacies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Veterinary Medicine (Online Pharmacies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Veterinary Medicine (Online Pharmacies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North India: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North India: Veterinary Medicine Market: Breakup by State (in %), 2021
Figure 33: North India: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: West and Central India: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: West and Central India: Veterinary Medicine Market: Breakup by State (in %), 2021
Figure 36: West and Central India: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: South India: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: South India: Veterinary Medicine Market: Breakup by State (in %), 2021
Figure 39: South India: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: East India: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: East India: Veterinary Medicine Market: Breakup by State (in %), 2021
Figure 42: East India: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Veterinary Medicine Industry: SWOT Analysis
Figure 44: India: Veterinary Medicine Industry: Value Chain Analysis
Figure 45: India: Veterinary Medicine Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Veterinary Medicine Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Veterinary Medicine Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: India: Veterinary Medicine Market Forecast: Breakup by Animal Type (in Million US$), 2022-2027
Table 4: India: Veterinary Medicine Market Forecast: Breakup by Route of Administration (in Million US$), 2022-2027
Table 5: India: Veterinary Medicine Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: India: Veterinary Medicine Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: India: Veterinary Medicine Market: Competitive Structure
Table 8: India: Veterinary Medicine Market: Key Players


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Key Questions Answered in This Report

We expect the India veterinary medicine market to exhibit a CAGR of 7.73% during 2022-2027.

The rising prevalence of zoonotic diseases, such as rabies, plague, toxoplasmosis, etc., along with the emerging trend of pet humanization, is primarily driving the India veterinary medicine market.

The sudden outbreak of the COVID-19 pandemic had led to limited visits to veterinary hospitals and delay in diagnosis and treatment for animals on account of mitigating the risk of the coronavirus infection, thereby negatively impacting the demand for veterinary medicines across the nation.

Based on the product, the India veterinary medicine market has been divided into drugs, vaccines, and medicated feed additives. Currently, drugs exhibit a clear dominance in the market.

Based on the animal type, the India veterinary medicine market can be categorized into companion animals and livestock animals, where companion animals currently account for the majority of the total market share.

 

Based on the route of administration, the India veterinary medicine market has been segregated into oral, parenteral, and topical. Among these, parenteral holds the largest market share.

 

Based on the distribution channel, the India veterinary medicine market can be bifurcated into veterinary hospitals pharmacies, retail veterinary pharmacies, and online pharmacies. Currently, veterinary hospitals pharmacies exhibit a clear dominance in the market.

On a regional level, the market has been classified into North India, West and Central India, South India and East India, where South India currently dominates the India veterinary medicine market.

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