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Veterinary Healthcare Global Market Opportunities And Strategies To 2023

  • ID: 4901251
  • Report
  • January 2020
  • Region: Global
  • 220 Pages
  • The Business Research Company
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FEATURED COMPANIES

  • Albavet Group
  • Boehringer Ingelheim GmbH
  • Daktari Animal Hospital
  • Koninklijke DSM N.V
  • Paw Veterinary Clinic
  • Syntec
  • MORE

Veterinary Healthcare Global Market Opportunities And Strategies To 2023 from the author provides the strategists, marketers and senior management with the critical information they need to assess the global veterinary healthcare market.

Reasons to Purchase

  • Outperform competitors using accurate up to date demand-side dynamics information.
  • Identify growth segments for investment.
  • Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
  • Create regional and country strategies on the basis of local data and analysis.
  • Stay abreast of the latest customer and market research findings
  • Benchmark performance against key competitors.
  • Develop strategies based on likely future developments.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
  • Gain a global perspective on the development of the market.

Description:
Where is the largest and fastest-growing market for the veterinary healthcare market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global veterinary healthcare market opportunities and strategies to 2023 report from the author answers all these questions and many more.

The report covers the following chapters

  • Executive Summary – The executive summary section of the report gives a brief overview and summary of the report
  • Report Structure – This section gives the structure of the report and the information covered in the various sections.
  • Introduction – This section gives the segmentation of the veterinary healthcare market by geography and by type covered in this report.
  • Market Characteristics – The market characteristics section of the report defines and explains the veterinary healthcare market. This chapter includes different goods covered in the report and basic definitions.
  • Product Analysis – The product analysis section of the report describes the leading products in the market along with key features and differentiators for those products.
  • PESTEL Analysis – This chapter describes the market opportunity assessment through the PESTEL analysis
  • Customer Information – This chapter covers recent customers’ trends/preferences in the global veterinary healthcare market.
  • Trends And Strategies – This chapter describes the major trends shaping the global veterinary healthcare market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
  • Regulatory Landscape – This section describes the current regulatory scenario, the regional disparities in regulations, global regulation harmonization initiatives, and recent updates on veterinary pharmaceutical regulations.
  • Global Market Size And Growth – This section contains the global historic (2015-2019) and forecast (2019-2023) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
  • Regional Analysis – This section contains the historic (2015-2019), forecast (2019-2023) market value and growth and market share comparison by region.
  • Segmentation – This section contains the market values (2015-2023) and analysis for different segments in the market.
  • Global Macro Comparison – The global veterinary healthcare market comparison with macro-economic factors gives the veterinary healthcare market size, percentage of GDP, and average veterinary healthcare market expenditure.
  • Regional Market Size and Growth – This section contains the region’s market size (2019), historic and forecast (2015-2023) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa).
  • Competitive Landscape – This section covers details on the competitive landscape of the global veterinary healthcare market, estimated market shares and company profiles of the leading players.
  • Key Mergers And Acquisitions – This chapter gives information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions that have shaped the market in recent years.
  • Conclusions And Recommendations – This section includes conclusions and recommendations based on the findings of the research. This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is a significant business to be gained by competitors in the next five years.
  • Appendix – This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

  • By Type: Veterinary Services, Animal Medicine, Veterinary Medical Equipment
  • Companies Mentioned: Zoetis Inc., Boehringer Ingelheim Gmbh, Merck & Co. Inc., Koninklijke DSM N.V., Mars Inc.
  • Countries: China, India, Japan, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia
  • Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
  • Time-series: Five years historic and forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Albavet Group
  • Boehringer Ingelheim GmbH
  • Daktari Animal Hospital
  • Koninklijke DSM N.V
  • Paw Veterinary Clinic
  • Syntec
  • MORE

1. Veterinary Healthcare Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction
6.1.1. Segmentation By Geography
6.1.2. Segmentation By Type

7. Veterinary Healthcare Characteristics
7.1. Veterinary Services
7.1.1. Animal Hospitals And Veterinary Clinics
7.1.2. Veterinary Laboratory Testing Services
7.2. Veterinary Medical Equipment
7.2.1. Veterinary Diagnostic Equipment
7.2.2. Veterinary Anesthesia Equipment
7.2.3. Veterinary Patient Monitoring Equipment
7.2.4. Other Veterinary Medical Equipment
7.3. Animal Medicine
7.3.1. Veterinary Pharmaceuticals
7.3.2. Feed Additives

8. Animal Medicine Market, Product Analysis – Product Examples

9. Global Veterinary Healthcare Market, PESTEL Analysis
9.1. Political Factors
9.1.1. Political Instability
9.2. Economic Factors
9.2.1. Disposable Income
9.2.2. Economic Slowdown
9.3. Social Factors
9.3.1. Demographic Factors
9.3.2. Religious Factors
9.3.3. Pet humanization
9.4. Technological Factors
9.4.1. Rising Internet Penetration
9.4.2. Social Media
9.4.3. Technological Advancements
9.5. Environmental Factors
9.5.1. Natural Calamities
9.5.2. Rising Pollution
9.6. Legal Factors

10. Veterinary Healthcare Customer Information
10.1. Animal Medicine
10.1.1. Opioids Shortages Compel Veterinarians To Use Less Effective Drugs As Therapeutic Choices
10.1.2. U.S. Veterinarians Are Reluctant To Discuss The Therapeutic Use Of Marijuana In Dogs
10.1.3. Pet Ownership In The USA Has Tripled Over The Past Few Years
10.1.4. Cat And Dog Medications Are Still Sold Mainly In Veterinary Clinics
10.1.5. Pet Insurance Penetration In The USA Is Very Low
10.1.6. Pet Obesity Remains A Big Issue
10.2.Veterinary Services
10.2.1. Difficulty In Getting The Services Of Veterinarians During Emergencies
10.2.2. High Competition From Low-Cost Providers
10.2.3. Cattle Producers And Vets Not Working On A Biosecurity Plan
10.2.4. Pet Insurance Penetration In The USA Is Still Very Low
10.2.5. The State Of The Economy May Not Influence Pet Spending
10.2.6. Cats And Dog Drugs Are Still Being Sold Mainly In Clinics
10.2.7. Most Veterinarians Are In Small And Exotic Animal Practices
10.2.8. Facebook, Google Plus and Instagram Are The Preferred Social Media Platforms For Promoting Veterinary Services

11. Veterinary Healthcare Trends And Strategies
11.1. Production Of Combination Medicated Feed Additives
11.2. Strategic Collaborations And Partnerships To Drive Innovations
11.3. Development Of Chewable Tablets
11.4. Production Of Generic Drugs For Animal Care
11.5. Application Of Nanotechnology In Veterinary Medicines To Tackle Antibiotic Resistance
11.6. Oral Drug Solutions For The Treatment Of Feline Hypertension
11.7. Molecular Biology Advances Providing New Diagnostic Tools
11.8. Polymerase Chain Reaction (PCR) For Early Detection
11.9. Handheld Technology For Medical Examinations
11.10. Big Data In Veterinary Care
11.11. Wearables To Monitor Pet Health
11.12. Premium Veterinary Care Services
11.13. Stem Cells Therapy To Treat Animals

12. Global Animal Medicine Market Regulatory Landscape
12.1. Regulatory Landscape For Veterinary Pharmaceuticals
12.1.1. Need For Separate Regulation For The Veterinary Pharmaceuticals Industry
12.1.2. Current Regulatory Scenario
12.1.3. Regional Disparities In Regulations
12.1.4. Global-Regulation Harmonization Initiatives
12.1.5. Recent Updates On Veterinary Pharmaceutical Regulations
12.2. Regulatory Landscape For Feed Additives
12.2.1. Current Regulatory Scenario
12.2.2. Recent Updates On Feed Additive Regulations

13. Global Veterinary Healthcare Market Size And Growth
13.1. Historic Market Growth, Value ($ Billion)
13.1.1. Drivers Of The Market 2015-2019
13.1.2. Emerging Markets Growth
13.1.3. Increased Pet Ownership By Gen X and Gen Y adults
13.1.4. Increased Pet Spending
13.1.5. Increased Disease Prevalence
13.1.6. Stringent Regulations On Meat Products
13.1.7. Restraints On The Market 2015-2019
13.1.8. Shortages Of Veterinarians
13.2. Forecast Market Growth, Value ($ Billion)
13.2.1. Drivers Of The Market 2019-2023
13.2.2. Economic Growth
13.2.3. Increasing Penetration Of Pet Insurance
13.2.4. Rising Meat Production
13.2.5. Social Media
13.2.6. Restraints On The Market 2019-2023
13.2.7. Rising Interest Rates

14. Veterinary Healthcare Market, Regional And Country Analysis
14.1. Global Veterinary Healthcare Market, 2019, By Region, Value ($ Billion)
14.2. Global Veterinary Healthcare Market, 2015 – 2023, Historic And Forecast, By Region
14.3. Global Veterinary Healthcare Market, 2019-2023, Growth And Market Share Comparison, By Region
14.4. Global Veterinary Healthcare Market, 2019, By Country, Value ($ Billion)
14.5. Global Veterinary Healthcare Market, 2015 – 2023, Historic And Forecast, By Country
14.6. Global Veterinary Healthcare Market, 2019 - 2023, Growth And Market Share Comparison, By Country

15. Global Veterinary Healthcare Market Segmentation
15.1. Global Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
15.1.1. Veterinary Services
15.1.2. Animal Medicine
15.1.3. Veterinary Medical Equipment

16. Global Veterinary Services Market Segmentation
16.1. Global Veterinary Services Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
16.1.1. Animal Hospitals And Veterinary Clinics
16.1.2. Veterinary Laboratory Testing Services

17. Global Animal Medicine Market Segmentation
17.1. Global Animal Medicine Market, Segmentation By Type Of Medicine, 2015 - 2023, Value ($ Billion)
17.1.1. Veterinary Pharmaceuticals
17.1.2. Feed Additives
17.2. Global Animal Medicine Market, Segmentation By Type Of Animal, 2015 - 2023, Value ($ Billion)
17.2.1. Livestock
17.2.2. Companion Animal
17.3. Global Veterinary Pharmaceuticals Market, Segmentation By Type Of Pharmaceutical, 2015 - 2023, Value ($ Billion)
17.3.1. Veterinary Parasiticides
17.3.2. Veterinary Vaccines
17.3.3. Others - Veterinary Pharmaceuticals
17.3.4. Veterinary Antibiotics
17.4. Global Feed Additives Market, Segmentation By Type Of Additive, 2015 - 2023, Value ($ Billion)
17.4.1. Medical Feed Additives
17.4.2. Nutritional Feed Additives

18. Global Veterinary Medical Equipment Market Segmentation
18.1. Global Veterinary Medical Equipment Market, Segmentation By Type Of Equipment, 2015 - 2023, Value ($ Billion)
18.1.1. Veterinary Diagnostic Equipment
18.1.2. Veterinary Patient Monitoring Equipment
18.1.3. Veterinary Anesthesia Equipment
18.1.4. Other Veterinary Medical Equipment

19. Global Veterinary Healthcare Market Comparison with Macro Economic Factors
19.1. Veterinary Healthcare Market Size, Percentage Of GDP, Global
19.2. Per Capita Average Veterinary Healthcare Market Expenditure, Global

20. Global Veterinary Healthcare Market Comparison With Macro Economic Factors Across Countries
20.1. Veterinary Healthcare Market Size, Percentage Of GDP, By Country
20.2. Per Capita Average Veterinary Healthcare Market Expenditure, By Country

21. Asia-Pacific Veterinary Healthcare Market
21.1. Asia-Pacific Veterinary Healthcare Overview
21.1.1. Region Information
21.1.2. Market Information
21.1.3. Background Information
21.1.4. Government Initiatives
21.1.5. Regulations
21.1.6. Regulatory Bodies
21.1.7. Major Associations
21.1.8. Corporate Tax Structure
21.1.9. Tax Levied
21.1.10. Investments
21.1.11. Major Companies
21.2. Asia-Pacific Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
21.3. Asia-Pacific Veterinary Healthcare Market: Country Analysis
21.4. China Veterinary Healthcare Market
21.5. China Veterinary Healthcare Overview
21.5.1. Country Information
21.5.2. Market Information
21.5.3. Background Information
21.5.4. Regulations
21.5.5. Regulatory Bodies
21.5.6. Major Associations
21.5.7. Corporate Tax Structure
21.5.8. Investments
21.5.9. Major Companies
21.6. China Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
21.7. India Veterinary Healthcare Market
21.8. India Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
21.9. Japan Veterinary Healthcare Market
21.10. Japan Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
21.11. Australia Veterinary Healthcare Market
21.12. Australia Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)

22. Western Europe Veterinary Healthcare Market
22.1. Western Europe Veterinary Healthcare Overview
22.1.1. Region Information
22.1.2. Market Information
22.1.3. Background Information
22.1.4. Government Initiatives
22.1.5. Regulations
22.1.6. Regulatory Bodies
22.1.7. Major Associations
22.1.8. Corporate Tax Structure
22.1.9. Investments
22.1.10. Major Companies
22.2. Western Europe Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
22.3. Western Europe Veterinary Healthcare Market: Country Analysis
22.4. UK Veterinary Healthcare Market
22.5. UK Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
22.6. Germany Veterinary Healthcare Market
22.7. Germany Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
22.8. France Veterinary Healthcare Market
22.9. France Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
22.10. Italy Veterinary Healthcare Market
22.11. Italy Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
22.12. Spain Veterinary Healthcare Market
22.13. Spain Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)

23. Eastern Europe Veterinary Healthcare Market
23.1. Eastern Europe Veterinary Healthcare Overview
23.1.1. Region Information
23.1.2. Market Information
23.1.3. Background Information
23.1.4. Regulations
23.1.5. Regulatory Bodies
23.1.6. Major Associations
23.1.7. Corporate Tax Structure
23.1.8. Investment
23.1.9. Major Companies
23.2. Eastern Europe Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
23.3. Eastern Europe Veterinary Healthcare Market: Country Analysis
23.4. Russia Veterinary Healthcare Market
23.5. Russia Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)

24. North America Veterinary Healthcare Market
24.1. North America Veterinary Healthcare Overview
24.1.1. Region Information
24.1.2. Market Information
24.1.3. Background Information
24.1.4. Government Initiatives
24.1.5. Regulations
24.1.6. Regulatory Bodies
24.1.7. Associations
24.1.8. Corporate Tax Structure
24.1.9. Investments
24.1.10. Major Companies
24.2. North America Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
24.3. North America Veterinary Healthcare Market: Country Analysis
24.4. USA Veterinary Healthcare Market
24.5. USA Veterinary Healthcare Overview
24.5.1. Region Information
24.5.2. Market Information
24.5.3. Background Information
24.5.4. Government Initiatives
24.5.5. Regulations
24.5.6. Regulatory Bodies
24.5.7. Major Associations
24.5.8. Corporate Tax Structure
24.5.9. Investments
24.5.10. Major Companies
24.6. USA Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)

25. South America Veterinary Healthcare Market
25.1. South America Veterinary Healthcare Overview
25.1.1. Region Information
25.1.2. Market Information
25.1.3. Background Information
25.1.4. Regulations
25.1.5. Regulatory Bodies
25.1.6. Major Associations
25.1.7. Corporate Tax Structure
25.1.8. Investments
25.1.9. Major Companies
25.2. South America Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)
25.3. South America Veterinary Healthcare Market: Country Analysis
25.4. Brazil Veterinary Healthcare Market
25.5. Brazil Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)

26. Middle East Veterinary Healthcare Market
26.1. Middle East Veterinary Healthcare Overview
26.1.1. Region Overview
26.1.2. Market Information
26.1.3. Background Information
26.1.4. Regulations
26.1.5. Regulatory Bodies
26.1.6. Major Associations
26.1.7. Corporate Tax Structure
26.1.8. Investments
26.1.9. Major Companies
26.2. Middle East Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)

27. Africa Veterinary Healthcare Market
27.1. Africa Veterinary Healthcare Overview
27.1.1. Region Information
27.1.2. Market Information
27.1.3. Background Information
27.1.4. Regulations
27.1.5. Regulatory Bodies
27.1.6. Major Associations
27.1.7. Corporate Tax Structure
27.1.8. Investments
27.1.9. Major Companies
27.2. Africa Veterinary Healthcare Market, Segmentation By Type, 2015 - 2023, Value ($ Billion)

28. Global Veterinary Healthcare Market Competitive Landscape
28.1. Company Profiles
28.2. Zoetis, Inc.
28.2.1. Company Overview
28.2.2. Products And Services
28.2.3. Business Strategy
28.2.4. Financial Overview
28.3. Boehringer Ingelheim GmbH
28.3.1. Company Overview
28.3.2. Products And Services
28.3.3. Business Strategy
28.3.4. Financial Overview
28.4. Merck & Co (Merck & Co Animal Health)
28.4.1. Company Overview
28.4.2. Products And Services
28.4.3. Business Strategy
28.4.4. Financial Overview
28.5. Koninklijke DSM N.V
28.5.1. Company Overview
28.5.2. Products And Services
28.5.3. Business Strategy
28.5.4. Financial Overview
28.6. Mars Inc.
28.6.1. Company Overview
28.6.2. Products And Services
28.6.3. Business Strategy
28.6.4. Financial Overview

29. Key Mergers And Acquisitions In The Veterinary Healthcare
29.1. LABIANA Acquired VETERINARSKI ZAVOD SUBOTICA
29.2. Wilbur-Ellis Acquired Rangen Inc.
29.3. PetIQ, Inc. Acquired Perrigo Animal Health
29.4. Archer Daniels Midland Acquired Neovia
29.5. PHARMAQ Collaborated With Vinh Hoan
29.6. Animal Health Division Of Merck & Co. Collaborated With Vinovo
29.7. Wageningen Bioveterinary Research Collaborated With Ceva
29.8. Animalcare Group Acquired Ecuphar
29.9. Elanco Animal Health Acquired Boehringer Ingelheim Vetmedica’s Vaccine Portfolio
29.10. CJ Cheiljedang Corp Acquired Selecta
29.11. Ceva Acquired Portfolio Of Merial Swine And Cattle Vaccines
29.12. Mars Inc. Acquired VCA Animal Hospitals
29.13. VCA Acquired Companion Animal Practices
29.14. CVS Acquired Albavet Group
29.15. CVS Acquired Alnorthumbria
29.16. Novozymes Acquired Pacific Vet Group

30. Global Veterinary Healthcare Opportunities And Strategies
30.1. Global Veterinary Healthcare In 2023 – Countries Offering Most New Opportunities
30.2. Global Veterinary Healthcare In 2023 – Segments Offering Most New Opportunities
30.3. Global Veterinary Healthcare In 2023 – Growth Strategies
30.3.1. Market Trend Based Strategies
30.3.2. Competitor Strategies

31. Veterinary Healthcare Market, Conclusions And Recommendations
31.1. Conclusions
31.2. Recommendations
31.2.1. Product
31.2.2. Place
31.2.3. Price
31.2.4. Promotion
31.2.5. People

32. Appendix
32.1. Market Data Sources
32.2. Research Methodology
32.3. Currencies
32.4. Research Inquiries

33. Copyright And Disclaimer

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Albavet Group
  • Boehringer Ingelheim GmbH
  • Daktari Animal Hospital
  • Koninklijke DSM N.V
  • Paw Veterinary Clinic
  • Syntec
  • MORE

This report describes and evaluates the global veterinary healthcare market. It covers two five-year periods, 2015 to 2019, termed the historic period, and 2019 through 2023, the forecast period.

The global veterinary healthcare market size reached a value of nearly $154.4 billion in 2019, having grown at a compound annual growth rate (CAGR) of 10.1% since 2015, and is expected to grow at a CAGR of 11.0% to nearly $234.0 billion by 2023.

Growth in the historic period resulted from emerging markets growth, increased pet ownership by gen x and gen y adults, increased pet spending, increased disease prevalence, rise in meat consumption, and stringent regulations on meat products. Factors that negatively affected growth in the historic period were a shortage of veterinarians, lack of awareness, and inappropriate use of medicines. Going forward, economic growth, increasing penetration of pet insurance, rising meat production, and social media will drive growth. Factors that could hinder the growth of the veterinary healthcare market in the future include the rising threat of antibiotic resistance, reductions in free trade, and rising interest rates.

The veterinary healthcare market is segmented by type into veterinary services, animal medicine, and veterinary medical equipment. The veterinary services market was the largest segment of the veterinary healthcare market, accounting for $114.22 billion or 74.0% of the total in 2019. The veterinary medical equipment market is expected to be the fastest-growing segment going forward at a CAGR of 12.6%.

The veterinary services market is segmented by type into animal hospitals and veterinary clinics, and veterinary laboratory testing services. The animal hospitals and veterinary clinics market was the largest segment of the veterinary services market, accounting for $96.40 billion or 84.4% of the total in 2019. The veterinary laboratory testing services market is expected to be the fastest-growing segment going forward at a CAGR of 11.8%.

The animal medicine market is segmented by type of medicine into veterinary pharmaceuticals and feed additives. The veterinary pharmaceuticals market was the largest segment of the animal medicine market, accounting for $33.8 billion or 88.8% of the total in 2019 and this market is expected to be the fastest-growing segment going forward at a CAGR of 12.7%.

The veterinary pharmaceuticals market is further segmented by type of pharmaceuticals into veterinary parasiticides, veterinary vaccines, veterinary antibiotics, and others – veterinary pharmaceuticals. The veterinary parasiticides market was the largest segment of the veterinary pharmaceuticals market, accounting for $9.9 billion or 29.4% of the total market in 2019. The veterinary vaccines segment is expected to be the fastest-growing segment going forward at a CAGR of 13.7%.

The feed additives market is further segmented by type of additive into medical feed additives and nutritional feed additives. The medical feed additives market was the largest segment of the feed additives market, accounting for $2.6 billion or 61.5% of the total in 2019 and this market is expected to be the fastest-growing segment going forward at a CAGR of 10.5%.

The animal medicine market is also segmented by type of animal into livestock and companion animals. The animal medicine for livestock market was the largest segment of the animal medicine market by type of animal, accounting for $20.6 billion or 54.1% of the total in 2019. The animal medicine for companion animals market is expected to be the fastest-growing segment going forward at a CAGR of 16.1%.

The veterinary medical equipment market is segmented by type of medicine into veterinary diagnostic equipment, veterinary patient monitoring equipment, veterinary anesthesia equipment, and other veterinary medical equipment. The veterinary diagnostic equipment market was the largest segment of the veterinary medical equipment market, accounting for $1.33 billion or 61.1% of the total in 2019. The veterinary patient monitoring equipment market is expected to be the fastest-growing segment going forward at a CAGR of 16.3%.

North America was the largest region in the veterinary healthcare market, accounting for 47.1% of the global market in 2019. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest growing regions in the veterinary healthcare market will be Africa and Asia-Pacific, where growth will be at CAGRs of 16.0% and 15.4% respectively. These will be followed by the Middle East and South America where the markets are expected to grow at CAGRs of 13.4% and 11.9% respectively.

The global veterinary healthcare market is fragmented, with a large number of small players in the market. The top ten competitors in the market made up to 22.01% of the total market in 2018. Major players in the market include Zoetis Inc., Boehringer Ingelheim Gmbh, Merck & Co. Inc., Koninklijke DSM N.V, and Mars Inc.

The top opportunities in the global veterinary healthcare market will arise in the veterinary services segment which will gain $55.3 billion of global annual sales by 2023. The veterinary healthcare market size will gain the most in the USA at $27.24 billion. Market-trend-based strategies for the veterinary healthcare market include Developing new combination medicated feed additives to increase efficiencies of end products, expanding through strategic collaborations and partnerships with other market players, developing new chewable medicines for the treatment and prevention of veterinary diseases, investing in the development of nanoparticles as substitutes of conventional drugs, developing easy-to-give drugs such as oral liquid solutions, and adopting molecular biology for early detection of disease. Player-adopted strategies in the veterinary medicine industry include reinforcing M&A strategies, developing new animal health products through collaborations and investments in research and development projects.

To take advantage of the opportunities, the author recommends the veterinary healthcare companies to produce easy to give medicines, enter into collaborations to drive innovations, invest in organic feed additives, expand into emerging markets, offer competitively priced products, and collaborate with opinion leaders.

Note: Product cover images may vary from those shown
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  • Agrovet Market Animal Health
  • Albavet Group
  • Alnorthumbria
  • American Veterinary Clinic
  • Animalcare
  • Archer Daniels Midland
  • Banfield Pet Hospitals
  • BASF India Ltd
  • Belfarmacom
  • Bimeda
  • Biotex Plus Ltd
  • Blacks Vets Dudley Hospital
  • Boehringer Ingelheim GmbH
  • Brazil Animal Clinic
  • Brooke Hospitals For India
  • Brouwer
  • Cadila Pharmaceuticals Ltd
  • Canberra Veterinary Hospital
  • Cargill India Pvt. Ltd
  • Century Pharmaceuticals Limited
  • Ceva
  • Chemo Argentina
  • Chengdu Vet Hospital
  • China Animal Healthcare Ltd
  • CJ Cheiljedang Corp
  • Clear Lake Veterinary Hospital
  • Clinica Veterinaria Prontovet
  • Companion Animal Practices
  • CVS
  • Daktari Animal Hospital
  • DBK Pharma S.A.E
  • Drakenstein veterinary clinic
  • Dubai Equine Hospital
  • Ecuphar
  • Elanco Animal Health
  • Four Loving Paws Veterinary Services
  • ICAR-IVRI
  • IDT Biologika
  • Interfeed
  • International Center for Veterinary Services
  • Intervet Australia Pty Ltd
  • Jurox Pty
  • Koninklijke DSM N.V
  • Labiana
  • Lemavet
  • Mars Inc.
  • Merck & Co.
  • Merial Swine And Cattle Vaccines
  • Mitaka Veterinary Medical Group
  • Neovia
  • Niiza Veterinary Medical Group
  • Nimrod Veterinary Products Ltd
  • Noah Animal Hospital
  • Novozymes
  • Onderstepoort veterinary academic hospital
  • Pacific Vet Group
  • Paw Veterinary Clinic
  • Perrigo Animal Health
  • Pet Care Hospital Veterinario Ltd
  • PetIQ, Inc.
  • Pharmaq
  • Rangen Inc.
  • Royal Veterinary College
  • Sanjay Gandhi Animal Care Center
  • Saudi Pharmaceutical Industries
  • Sauvet
  • Selecta
  • Shengpu Pet Hospital
  • Syntec
  • The British Veterinary Center
  • UCBVET
  • VCA Animal Hospitals
  • Vetanco
  • Veterinarski Zavod Subotica
  • Veterinary Hospital Dubai
  • Vetmedica
  • Vinh Hoan
  • Vinovo
  • Wageningen Bioveterinary Research
  • Wilbur-Ellis
  • Zoetis, Inc.
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