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Press Release:

Global Veterinary Healthcare Market to Reach US$ 59.37 Billion by 2027, Impelled by Rising Concerns Regarding Animal Health

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Veterinary Healthcare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global veterinary healthcare market reached a value of US$ 36.57 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 59.37 Billion by 2027, exhibiting a CAGR of 8.10% 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 on different end use sectors. These insights are included in the report as a major market contributor.

Veterinary healthcare refers to a subset of science that deals with the diagnosis, treatment, and prevention of various diseases in animals to expand their lifespan. It involves several services, including regular monitoring of animal health and deployment of medicated animal feeds, diagnostic products, drugs, and vaccines for limiting the spread of zoonotic diseases amidst animals and people. These amenities are extensively provided by the sole traders, pharmacies, veterinary hospitals, clinics, and laboratory testing services. At present, veterinary healthcare facilities are available for both companions and livestock animals. 

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Veterinary Healthcare Market Trends:

The global veterinary healthcare market is majorly being driven by the increasing prevalence of various zoonotic, food-borne, and chronic diseases, such as cancer, especially amongst cats and dogs. This is further supported by the emerging trend of pet humanization and the increasing concerns of pet owners toward animal health, which, in turn, is facilitating the demand for preventive and more sophisticated veterinary services and therapeutic and diagnostics treatments. In line with this, significant technological advancements, such as the introduction of veterinary health information systems for efficient data management, is acting as another growth-inducing factor. These devices assist in diagnosing animal health, facilitating real-time analysis of disease fluctuations, recording information on cloud-based platforms, and sharing essential veterinary clinic-generated data with clinicians and researchers directly through the internet. Moreover, the availability of favorable medical reimbursement policies and the extensive investments by the governments of various countries for implementing animal vaccination programs is contributing to the market growth. Apart from this, strategic collaborations amongst key players to launch various veterinary health products in distinctive flavors and taste, along with their easy availability across different online and offline distribution channels are further stimulating the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global veterinary healthcare market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, animal type and end user.

Breakup by Product:

  • Therapeutics
    • Vaccines
    • Parasiticides
    • Anti-Infectives
    • Medical Feed Additives
    • Others
  • Diagnostics
    • Immunodiagnostic Tests
    • Molecular Diagnostics
    • Diagnostic Imaging
    • Clinical Chemistry
    • Others
       

Breakup by Animal Type:

  • Dogs and Cats
  • Horses
  • Ruminants
  • Swine
  • Poultry
  • Others
     

Breakup by End User:

 

 
 

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  • Veterinary Hospitals
  • Veterinary Clinics
  • Veterinary Laboratory Testing Services
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Animalcare Group plc, Boehringer Ingelheim International GmbH (C. H. Boehringer Sohn AG & Co. KG), Ceva Animal Health LLC, Dechra Pharmaceuticals PLC, Elanco Animal Health Incorporated, Heska Corporation, IDEXX Laboratories Inc., INDICAL Bioscience GmbH (Vimian Group), Merck & Co. Inc., Norbrook Laboratories Ltd, Vetoquinol India Animal Health Pvt Ltd (Vétoquinol S.A.), Virbac and Zoetis Inc. (Pfizer Inc.).

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, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Animalcare Group plc, Boehringer Ingelheim International GmbH (C. H. Boehringer Sohn AG & Co. KG), Ceva Animal Health LLC, Dechra Pharmaceuticals PLC, Elanco Animal Health Incorporated, Heska Corporation, IDEXX Laboratories Inc., INDICAL Bioscience GmbH (Vimian Group), Merck & Co. Inc., Norbrook Laboratories Ltd, Vetoquinol India Animal Health Pvt Ltd (Vétoquinol S.A.), Virbac and Zoetis Inc. (Pfizer Inc.).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
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)

 

Key Questions Answered in This Report:

  • How has the global veterinary healthcare market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global veterinary healthcare market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the animal type?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global veterinary healthcare market and who are the key players?
  • What is the degree of competition in the industry?

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    Global Veterinary Healthcare 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    Therapeutics
        6.1.1 Market Trends
        6.1.2 Key Segments
           6.1.2.1 Vaccines
           6.1.2.2 Parasiticides
           6.1.2.3 Anti-Infectives
           6.1.2.4 Medical Feed Additives
           6.1.2.5 Others
        6.1.3 Market Forecast
    6.2    Diagnostics
        6.2.1 Market Trends
        6.2.2 Key segments
           6.2.2.1 Immunodiagnostic Tests
           6.2.2.2 Molecular Diagnostics
           6.2.2.3 Diagnostic Imaging
           6.2.2.4 Clinical Chemistry
           6.2.2.5 Others
        6.2.3 Market Forecast
7    Market Breakup by Animal Type
    7.1    Dogs and Cats
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Horses
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Ruminants
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Swine
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Poultry
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by End User
    8.1    Veterinary Hospitals
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Veterinary Clinics
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Veterinary Laboratory Testing Services
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Animalcare Group plc
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
        14.3.2    Boehringer Ingelheim International GmbH (C. H. Boehringer Sohn AG & Co. KG)
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Ceva Animal Health LLC
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Dechra Pharmaceuticals PLC
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
        14.3.5    Elanco Animal Health Incorporated
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
        14.3.6    Heska Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    IDEXX Laboratories Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    INDICAL Bioscience GmbH (Vimian Group)
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Merck & Co. Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Norbrook Laboratories Ltd 
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Vetoquinol India Animal Health Pvt Ltd (Vétoquinol S.A.)
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Virbac
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis
        14.3.13    Zoetis Inc. (Pfizer Inc.)
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio
           14.3.13.3 Financials
           14.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Veterinary Healthcare Market: Major Drivers and Challenges
Figure 2: Global: Veterinary Healthcare Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Veterinary Healthcare Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Veterinary Healthcare Market: Breakup by Product (in %), 2021
Figure 5: Global: Veterinary Healthcare Market: Breakup by Animal Type (in %), 2021
Figure 6: Global: Veterinary Healthcare Market: Breakup by End User (in %), 2021
Figure 7: Global: Veterinary Healthcare Market: Breakup by Region (in %), 2021
Figure 8: Global: Veterinary Healthcare (Therapeutics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Veterinary Healthcare (Therapeutics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Veterinary Healthcare (Diagnostics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Veterinary Healthcare (Diagnostics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Veterinary Healthcare (Dogs and Cats) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Veterinary Healthcare (Dogs and Cats) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Veterinary Healthcare (Horses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Veterinary Healthcare (Horses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Veterinary Healthcare (Ruminants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Veterinary Healthcare (Ruminants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Veterinary Healthcare (Swine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Veterinary Healthcare (Swine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Veterinary Healthcare (Poultry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Veterinary Healthcare (Poultry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Veterinary Healthcare (Other Animal Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Veterinary Healthcare (Other Animal Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Veterinary Healthcare (Veterinary Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Veterinary Healthcare (Veterinary Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Veterinary Healthcare (Veterinary Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Veterinary Healthcare (Veterinary Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Veterinary Healthcare (Veterinary Laboratory Testing Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Veterinary Healthcare (Veterinary Laboratory Testing Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Veterinary Healthcare (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Veterinary Healthcare (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Veterinary Healthcare Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Veterinary Healthcare Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Veterinary Healthcare Industry: SWOT Analysis
Figure 82: Global: Veterinary Healthcare Industry: Value Chain Analysis
Figure 83: Global: Veterinary Healthcare Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Veterinary Healthcare Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Veterinary Healthcare Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Veterinary Healthcare Market Forecast: Breakup by Animal Type (in Million US$), 2022-2027
Table 4: Global: Veterinary Healthcare Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Veterinary Healthcare Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Veterinary Healthcare Market: Competitive Structure
Table 7: Global: Veterinary Healthcare Market: Key Players


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