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Germany Veterinary Healthcare Market - Growth, Trends, and Forecasts (2020-2025)

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  • 60 Pages
  • May 2020
  • Region: Germany
  • Mordor Intelligence
  • ID: 5025718
Certain factors that are driving the veterinary healthcare market growth in Germany include advanced technology leading to innovations in animal healthcare, raising awareness, and initiatives by the government, and increasing productivity at the risk of an emerging zoonosis.

Germany is currently driven by certain factors, like the strict government regulations related to veterinary health and the high disposable income of the German people causing increased interest in the farm animals and companion animals. The government made vaccination mandatory for farm animals. This government mandate has a great impact on the market studied in Germany, as the country has a huge number of farm animals. Increasing awareness among the German population about the significance of both companion and farm animals’ health is the factor responsible for the growth of farm animal healthcare products segment, particularly anti-infective agents, parasiticides, and medicinal feed additives.

Key Market Trends

Vaccine is Expected to Hold a Significant Share in the Therapeutics Segment Over the Forecast Period

In Germany, animal health is safeguarded by legislation and veterinary administration. Consequently, there has been an increase in the number of cases of antimicrobial resistance, in Germany. According to the German Medicinal Products Act, antibiotic vaccinations must be used in the treatment of diseased animals, and never as a growth promoter. Europe based company, Nordvacc produces vaccines that include Cunivak JET vaccines against myxomatosis in rabbits, and Febrivac PBE (triple vaccines against virus enteritis, botulism, and contagious pneumonia in mink). Hence, owing to these factors, along with rising pet ownership is expected to fuel the market growth over the forecast period.

Competitive Landscape

The Germany Veterinary Healthcare market is moderately competitive and consists of a number of major players. Companies like Boehringer Ingelheim International GmbH, Ceva Animal Health Inc, Elanco Animal Health, Idexx Laboratories, Merck & Co. Inc., Phibro Animal Health, Randox Laboratories, Ltd, Vetoquinol GmbH, Virbac SA, Zoetis, Inc, among others, hold the substantial market share in the Veterinary Healthcare market in Germany.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Advanced Technology Leading to Innovations in Animal Healthcare
4.2.2 Rising Awareness and Initiatives by the Government
4.2.3 Increasing Productivity at the Risk of Emerging Zoonosis
4.3 Market Restraints
4.3.1 Increasing Cost of Animal Testing and Veterinary Services
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 By Product
5.1.1 By Therapeutics Vaccines Parasiticides Anti-infectives Medical Feed Additives Other Therapeutics
5.1.2 By Diagnostics Immunodiagnostic Tests Molecular Diagnostics Diagnostic Imaging Clinical Chemistry Other Diagnostics
5.2 By Animal Type
5.2.1 Dogs and Cats
5.2.2 Horses
5.2.3 Ruminants
5.2.4 Swine
5.2.5 Poultry
5.2.6 Other Animals
6.1 Company Profiles
6.1.1 Boehringer Ingelheim International GmbH
6.1.2 Ceva Animal Health
6.1.3 Elanco Animal Health
6.1.4 Idexx Laboratories
6.1.5 Merck & Co. Inc.
6.1.6 Phibro Animal Health
6.1.7 Vetoquinol
6.1.8 Virbac SA
6.1.9 Zoetis, Inc

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Boehringer Ingelheim International GmbH
  • Ceva Animal Health
  • Elanco Animal Health
  • Idexx Laboratories
  • Merck & Co. Inc.
  • Phibro Animal Health
  • Vetoquinol
  • Virbac SA
  • Zoetis, Inc