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COVID-19
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Veterinary Medicine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global veterinary medicine market reached a value of US$ 31.06 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 48.58 Billion by 2027, exhibiting a CAGR of 7.50% 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 medicine is a branch of science that deals in the prevention, control, diagnosis, and treatment of diseases that affect the health of domestic and wild animals. It helps maintain the health of food-producing animals, inhibit the transmission of zoonotic diseases from animal species to humans, and ensure a safe supply of food worldwide. At present, the escalating consumption of animal-derived products is increasing the adoption of veterinary medicines to monitor the health of agricultural animals and prevent human exposure to diseases.

 

 
 

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Veterinary Medicine Market Trends:

The growing trend of nuclear families and inflating income levels have increased the overall spending of individuals on pets globally. This, in confluence with the rising concerns among pet parents about the well-being of their pets, represents one of the major factors supporting the demand for veterinary medicines. The increasing penetration of pet insurance is further influencing the market growth. Apart from this, the expanding animal husbandry activities, along with the escalating cases of zoonotic and chronic diseases among animals, are increasing the concerns about food safety. This, along with the increasing number of commercial animal-production programs, is promoting the adoption of veterinary medicines for better diagnosis and treatment for livestock. Moreover, the easy availability of advanced diagnostic imaging, novel therapies, nuclear and regenerative medicines, laser diagnostics, and specialized surgeries in numerous vet hospitals and clinics is bolstering the market growth. Furthermore, biomedical researchers are developing safe and effective vaccines to prevent pet diseases, which is anticipated to strengthen the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global veterinary medicine 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, 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:

  • Production
  • Companion
     

Breakup by Route of Administration:

  • Oral
  • Parenteral
  • Topical
     

Breakup by Distribution Channel:

  • Veterinary Hospitals and Clinics
  • Point-of-Care Testing/In-house Testing
  • 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 Archer-Daniels-Midland Company, Boehringer Ingelheim GmbH, Cargill Incorporated, Ceva Santé Animale, Dechra Pharmaceuticals PLC, Elanco Animal Health Incorporated, Evonik Industries AG, Merck & Co. Inc., Neogen Corporation, Vetoquinol S.A., Virbac and Zoetis 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, Route of Administration, Distribution Channel, 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 Archer-Daniels-Midland Company, Boehringer Ingelheim GmbH, Cargill Incorporated, Ceva Santé Animale, Dechra Pharmaceuticals PLC, Elanco Animal Health Incorporated, Evonik Industries AG, Merck & Co. Inc., Neogen Corporation, Vetoquinol S.A., Virbac and Zoetis 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 medicine 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 medicine 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 route of administration?
  • What is the breakup of the market based on the distribution channel?
  • 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 medicine 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 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    Production
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Companion
        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 and Clinics
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Point-of-Care Testing/In-house Testing
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Others
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 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
        15.3.1    Archer-Daniels-Midland Company
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Boehringer Ingelheim GmbH
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Cargill Incorporated
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 SWOT Analysis
        15.3.4    Ceva Santé Animale
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Dechra Pharmaceuticals PLC
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
        15.3.6    Elanco Animal Health Incorporated
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    Evonik Industries AG
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
        15.3.8    Merck & Co. Inc. 
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
        15.3.9    Neogen Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Vetoquinol S.A.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
        15.3.11    Virbac
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Zoetis Inc.
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis

List of Figures

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

List of Tables

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

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