India Veterinary Medicine Market to Grow at 6.51% During 2024-2032, Impelled by Growing Concerns Regarding Animal Health

July 18, 2022 | Healthcare

According to the latest report by IMARC Group, titled "India Veterinary Medicine Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the India veterinary medicine market is expected to grow at a CAGR of 6.51% during 2024-2032. Veterinary medicine is mainly concerned with the treatment and prevention of various diseases that occur in animals. Along with this, it involves the development of vaccines and drugs and controlling the transmission of zoonotic diseases to humans. Besides this, it also includes other services, such as animal transportation and procurement, laboratory testing, surgery and perioperative care and animal biosecurity and surveillance. As a result, it is widely practiced across academic institutions, military services and private and government industries that are generally maintained by veterinary technicians and nurses. Due to the increasing production of livestock animals, there has been a considerable rise in the demand for veterinary medicine across India.

India Veterinary Medicine Market Trends:

The market in India is primarily driven by the increasing prevalence of chronic diseases in animals. Coupled with the rising concerns regarding animal health and the growing pet humanization trend, this is creating a positive market outlook. Moreover, the growing investments by private and public agencies to upgrade the overall veterinary medicine infrastructure is acting as a major growth-inducing factor. In addition to this, extensive research and development (R&D) activities conducted by key players for introducing safe and improved animal treatment methods and vaccines are providing a boost to the market growth. Apart from this, continual technological advancements in the manufacturing processes and diagnosing animal health are impacting the market favorably. Other factors, including the easy accessibility to sophisticated diagnostics treatments and veterinary services, the rising strategic collaboration between leading players in an attempt to expand their market position and the inflating disposable income levels of the masses, are also positively influencing the market across India.

Market Summary: 

  • Based on the product, the market has been classified into drugs (anti-infective, anti-inflammatory and parasiticide), vaccines (inactivated vaccines, attenuated vaccines and recombinant vaccines) and medicated feed additives (amino acids and antibiotics).
  • On the basis of the animal type, the market has been bifurcated into companion and livestock animals.
  • Based on the route of administration, the market has been categorized into oral, parenteral and topical.
  • On the basis of the distribution channel, the market has been segregated into veterinary hospitals pharmacies, retail veterinary pharmacies and online pharmacies.
  • Based on the region, the market has been divided into North India, West and Central India, South India and East India.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Ani Healthcare Pvt Ltd, Ashish Life Science Pvt Limited, Century Pharmaceuticals Ltd., GMT Pharma International, MarchVET, SSS Pharmachem Pvt.Ltd., Stanex Drugs and Chemicals Pvt Ltd, Vetbiochem India Private Limited, Virbac Animal Health India Pvt Ltd (Virbac), Zenley and Zovix Pharmaceuticals.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Product, Animal Type, Route of Administration, Distribution Channel, Region
Region Covered North India, West and Central India, South India, East India
Companies Covered Ani Healthcare Pvt Ltd, Ashish Life Science Pvt Limited, Century Pharmaceuticals Ltd., GMT Pharma International, MarchVET, SSS Pharmachem Pvt.Ltd., Stanex Drugs and Chemicals Pvt Ltd, Vetbiochem India Private Limited, Virbac Animal Health India Pvt Ltd (Virbac), Zenley and Zovix Pharmaceuticals
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste R
Sheridan, WY 82801, USA
Americas: +1 631 791 1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
India Veterinary Medicine Market to Grow at 6.51% During 2024-2032, Impelled by Growing Concerns Regarding Animal Health
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More