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Animal Medicine Global Market Report 2024

  • PDF Icon

    Report

  • 400 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5939568

Quick Summary:

As the landscape of animal health care evolves, the animal medicine market has emerged as a vital segment, experiencing vigorous growth and dynamic developments. Savvy business executives recognize that to remain competitive and informed, access to comprehensive market research is indispensable.

Our market research report meticulously addresses this need, offering an authoritative examination of the global animal medicine sector. It explores the multifaceted patterns of growth influenced by heightened pet health awareness, increased veterinary expenditure, and the expanding reach of pet insurance. The report illuminates how these factors intertwine to propel the market forward, providing key insights for strategic decision-making.

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Our extensive report equips executives with the essential information to navigate the complexities of the animal medicine market, outlining innovative trends, potential opportunities, and strategic partnerships in the industry. It is tailor-made for those seeking to understand the upsurge in pet ownership and its implications on the demand for veterinary services and products.

With a focus on the burgeoning influence of nanotechnology and strategic collaborations in enhancing animal healthcare outcomes, the report delivers a forward-looking assessment of the market. It highlights how adopting cutting-edge technology and fostering partnerships contribute significantly to the industry's growth and evolution. This report is a critical tool for leaders aiming to capitalize on the sector's current momentum and forecast its future trajectory.

The animal medicine market size has grown strongly in recent years. It will grow from $51.18 billion in 2023 to $55.1 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth observed in the historical period in the field of animal medicines can be attributed to several key factors. These include an increase in spending on pets, a rise in animal healthcare expenditure, and an increasing penetration of pet insurance. These factors collectively contributed to the expansion and development of the animal medicines sector during the historical period, reflecting the heightened focus on pet health and the growing awareness among pet owners regarding the importance of veterinary care and medications for their animals.

The animal medicine market size is expected to see strong growth in the next few years. It will grow to $72.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. Anticipated growth in the animal medicines market is driven by factors such as increased disease prevalence in animals, higher pet ownership, growing consumption of animal-derived products, and supportive government initiatives. Key trends include the introduction of super-combo parasiticides, strategic collaborations for innovation, development of chewable tablets, launch of mobile veterinary units, focus on creating new products, emphasis on pet care e-commerce, and a heightened focus on medicated feed additives.


The expansion of pet insurance is anticipated to significantly impact the animal medicine market. Across the globe, the pet insurance sector remains largely underutilized, offering substantial growth potential. In developed nations such as the USA, pet insurance holds a mere 1% penetration rate, while in Western European countries such as the UK, it reaches around 20%. Forecasts suggest a robust growth trajectory for the US pet insurance market, projected to add $2 billion in 2022 at an impressive compound annual growth rate of 14%. This surge is primarily attributed to heightened consumer awareness and increased disposable income among owners of companion animals. The escalated adoption of pet insurance is likely to result in a higher frequency of visits to veterinary clinics, driving the utilization of animal medicine in treating diverse ailments.

The surge in pet ownership and adoption rates is a key driver fueling the growth of the animal medicine market. Pet owners demonstrate a stronger inclination to invest in their pets' veterinary care compared to their personal healthcare expenses. This inclination is rooted in their deep emotional attachment to their animals and a steadfast commitment to ensuring their pets' optimal health and quality of life. A BeChewy article reported a significant rise in pet adoptions, with 977,202 pets adopted in 2021, reflecting a 61% adoption rate in the USA. Moreover, 1 million pets were adopted in 2022. Consequently, the escalating rates of pet ownership and adoption are expected to drive substantial growth within the animal medicine market.

Nanotechnology is progressively becoming a prominent force in the animal medicine sector, serving as a viable alternative to veterinary antibiotics. This scientific discipline involves manipulating matter at the atomic and molecular scale. Within animal medicine, nanotechnology plays a pivotal role in enhancing diagnostics, treatments, promoting animal growth, and improving production methods. Nanoparticles, in particular, are employed as antimicrobial substitutes for antibiotics, aimed at curbing their use while enhancing the identification of pathogenic bacteria. Furthermore, these particles serve as efficient drug delivery agents for novel medications and vaccine candidates, augmenting their characteristics and efficacy while mitigating drug resistance in animal organisms.

In November 2021, Nextmune, a Sweden-based entity operating within Vimian Group's Specialty Pharma segment, initiated a strategic collaboration with Angany, Inc for an undisclosed investment. The primary objective of this partnership is to jointly develop innovative vaccines catering to allergy and atopic dermatitis in companion animals. Angany Inc., a Franco-Canadian pre-clinical stage pharmaceutical firm, specializes in pioneering immunotherapy techniques to combat allergies, adopting a distinctive approach in the field.

Major companies operating in the animal medicine market report are Zoetis, Inc., Boehringer Ingelheim GmbH, Merck & Co Inc., Elanco Animal Health Incorporated, Virbac Group, Ceva Santé Animale, Phibro Animal Health Corporation, China Animal Husbandry Industry Co., Ltd., Vetoquinol S.A., Neogen Corporation, Century Pharmaceuticals Limited, BASF India Ltd., Cargill India Pvt. Ltd., Intervet Australia Pty Ltd., Jurox Pty Ltd., SeQuent scientific Ltd., Guangdong Wens Dahuanong Biotechnology Co. Ltd., Shandong Lukang, Bayer Animal Health Cadila Pharmaceuticals Ltd., Novasep, Koninklijke DSM n.v, Novartis AG, Nutreco N.V., Sanofi S.A, Merial Pusuch as Biological Engineering, Bad Oldesloe, CP-Pharma Handelsgesellschaft mbH, SaluVet GmbH, KRKA UK, Interfeed, Biotex Plus Ltd., Belfarmacom, Cymedica, vet resolution, Vetruus Ltd., Nimrod Veterinary Products Ltd., Bimeda, Animalcare, Medco-ERP Ltd. Holland, Brouwer, IDT Biologika, Vetiquinol S.A, UCBVET, Biowet Puławy, Esculap, Pasteur Romania, Vector-Vita-LLC, NITA-FARM, Bioveta, Heska, Dechra Veterinary Products, Eli Lilly and company, IDEXX Laboratories, Agrodan CA, Agrovet Market S.A, Interchem Ltda, Invesbio S.A, Syntec, Sauvet, Vetanco, Chemo Argentina, Saudi Pharmaceutical Industries SPI, Montajat Pharmaceuticals Co. Ltd., ALKE SAGLIK URUNLERI San. ve Tic. A.S., MISTAV Ilac ve Tavukculuk San.Tic.Ltd., DBK Pharma S.A.E., Kahmavet, Lemavet, Abpharma, ASVET, Ekinos - Veterinary Products, Lanrex Pharmaceuticals Nig Ltd., Emzor Pharmaceutical Ltd.

North America was the largest region in animal medicine market in 2023. Asia-Pacific was the second-largest region in the animal medicine market. The regions covered in the animal medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the animal medicine market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The animal medicine market consists of sales of procuring drugs to shield against external parasites such as fleas, ticks, and heartworms (intestinal parasites). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The primary categories of animal medicines include veterinary pharmaceuticals and feed additives, catering to both livestock and companion animals. Veterinary pharmaceuticals represent medications administered to animals for the treatment of various diseases. These animal medicines are distributed and utilized by various entities such as veterinary hospitals, pharmacies, drug stores, and veterinary clinics, contributing to the overall health and well-being of animals.

The animal medicine research report is one of a series of new reports that provides animal medicine statistics, including animal medicine industry global market size, regional shares, competitors with animal medicine shares, detailed animal medicine segments, market trends and opportunities, and any further data you may need to thrive in the animal medicine industry. This animal medicine research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Table of Contents

1. Executive Summary2. Animal Medicine Market Characteristics
3. Animal Medicine Product/Service Analysis -Product/Service Examples
3.1. Animal Medicine Supply Chain Analysis
3.1.1. Animal Medicine Resources
3.1.2. Animal Medicine Manufacturers
3.1.3. Animal Medicine Distributors and Retailers
3.1.4. Animal Medicine End Users
3.2. Animal Medicine Customer Information
4. Animal Medicine Market Trends and Strategies
5. Animal Medicine Market - Macro Economic Scenario
5.1. Impact of High Inflation on the Market
5.2. Ukraine-Russia War Impact on the Market
5.3. COVID-19 Impact on the Market
6. Global Animal Medicine Market Size and Growth
6.1. Global Animal Medicine Market Drivers and Restraints
6.1.1. Drivers of the Market
6.1.2. Restraints of the Market
6.2. Global Animal Medicine Historic Market Size and Growth, 2018-2023, Value ($ Billion)
6.3. Global Animal Medicine Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
7. Animal Medicine Market Segmentation
7.1. Global Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Veterinary Pharmaceuticals
  • Feed Additives
7.2. Global Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Livestock
  • Companion Animals
7.3. Global Animal Medicine Market, Segmentation by Type of Prescription, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • OTC
  • Prescription
7.4. Global Animal Medicine Market, Segmentation by Route of Administration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Oral
  • Parenteral
  • Other Routes of Administration
7.5. Global Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Veterinary Services
  • Online
  • Other Distribution Channels
8. Animal Medicine Market Regional and Country Analysis
8.1. Global Animal Medicine Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.2. Global Animal Medicine Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. Asia-Pacific Animal Medicine Market
9.1. Asia-Pacific Animal Medicine Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
9.2. Asia-Pacific Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.3. Asia-Pacific Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.4. Asia-Pacific Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10. China Animal Medicine Market
10.1. China Animal Medicine Market Overview
10.2. China Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.3. China Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.4. China Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
11. India Animal Medicine Market
11.1. India Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. India Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. India Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Japan Animal Medicine Market
12.1. Japan Animal Medicine Market Overview
12.2. Japan Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Japan Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.4. Japan Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Australia Animal Medicine Market
13.1. Australia Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Australia Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Australia Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. Indonesia Animal Medicine Market
14.1. Indonesia Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. Indonesia Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. Indonesia Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. South Korea Animal Medicine Market
15.1. South Korea Animal Medicine Market Overview
15.2. South Korea Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. South Korea Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. South Korea Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. Bangladesh Animal Medicine Market
16.1. Bangladesh, Animal Medicine Historic Market, 2018-2023, $ Billion
16.2. Bangladesh, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
17. Thailand Animal Medicine Market
17.1. Thailand, Animal Medicine Historic Market, 2018-2023, $ Billion
17.2. Thailand, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
18. Vietnam Animal Medicine Market
18.1. Vietnam, Animal Medicine Historic Market, 2018-2023, $ Billion
18.2. Vietnam, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
19. Malaysia Animal Medicine Market
19.1. Malaysia, Animal Medicine Historic Market, 2018-2023, $ Billion
19.2. Malaysia, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
20. Singapore Animal Medicine Market
20.1. Singapore, Animal Medicine Historic Market, 2018-2023, $ Billion
20.2. Singapore, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
21. Philippines Animal Medicine Market
21.1. Philippines, Animal Medicine Historic Market, 2018-2023, $ Billion
21.2. Philippines, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
22. Hong kong Animal Medicine Market
22.1. Hong Kong, Animal Medicine Historic Market, 2018-2023, $ Billion
22.2. Hong Kong, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
23. New Zealand Animal Medicine Market
23.1. New Zealand, Animal Medicine Historic Market, 2018-2023, $ Billion
23.2. New Zealand, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
24. Western Europe Animal Medicine Market
24.1. Western Europe Animal Medicine Market Overview
24.2. Western Europe Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. Western Europe Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. Western Europe Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. UK Animal Medicine Market
25.1. UK Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.2. UK Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. UK Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. Germany Animal Medicine Market
26.1. Germany Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.2. Germany Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. Germany Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. France Animal Medicine Market
27.1. France Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. France Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. France Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Italy Animal Medicine Market
28.1. Italy Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.2. Italy Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Italy Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Spain Animal Medicine Market
29.1. Spain Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.2. Spain Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Spain Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Austria Animal Medicine Market
30.1. Austria, Animal Medicine Historic Market, 2018-2023, $ Billion
30.2. Austria, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
31. Belgium Animal Medicine Market
31.1. Belgium, Animal Medicine Historic Market, 2018-2023, $ Billion
31.2. Belgium, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
32. Denmark Animal Medicine Market
32.1. Denmark, Animal Medicine Historic Market, 2018-2023, $ Billion
32.2. Denmark, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
33. Finland Animal Medicine Market
33.1. Finland, Animal Medicine Historic Market, 2018-2023, $ Billion
33.2. Finland, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
34. Ireland Animal Medicine Market
34.1. Ireland, Animal Medicine Historic Market, 2018-2023, $ Billion
34.2. Ireland, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
35. Netherlands Animal Medicine Market
35.1. Netherlands, Animal Medicine Historic Market, 2018-2023, $ Billion
35.2. Netherlands, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
36. Norway Animal Medicine Market
36.1. Norway, Animal Medicine Historic Market, 2018-2023, $ Billion
36.2. Norway, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
37. Portugal Animal Medicine Market
37.1. Portugal, Animal Medicine Historic Market, 2018-2023, $ Billion
37.2. Portugal, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
38. Sweden Animal Medicine Market
38.1. Sweden, Animal Medicine Historic Market, 2018-2023, $ Billion
38.2. Sweden, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
39. Switzerland Animal Medicine Market
39.1. Switzerland, Animal Medicine Historic Market, 2018-2023, $ Billion
39.2. Switzerland, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
40. Eastern Europe Animal Medicine Market
40.1. Eastern Europe Animal Medicine Market Overview
40.2. Eastern Europe Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.3. Eastern Europe Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.4. Eastern Europe Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41. Russia Animal Medicine Market
41.1. Russia Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.2. Russia Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.3. Russia Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
42. Czech Republic Animal Medicine Market
42.1. Czech Republic, Animal Medicine Historic Market, 2018-2023, $ Billion
42.2. Czech Republic, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
43. Poland Animal Medicine Market
43.1. Poland, Animal Medicine Historic Market, 2018-2023, $ Billion
43.2. Poland, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
44. Romania Animal Medicine Market
44.1. Romania, Animal Medicine Historic Market, 2018-2023, $ Billion
44.2. Romania, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
45. Ukraine Animal Medicine Market
45.1. Ukraine, Animal Medicine Historic Market, 2018-2023, $ Billion
45.2. Ukraine, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
46. North America Animal Medicine Market
46.1. North America Animal Medicine Market Overview
46.2. North America Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.3. North America Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.4. North America Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47. USA Animal Medicine Market
47.1. USA Animal Medicine Market Overview
47.2. USA Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.3. USA Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.4. USA Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48. Canada Animal Medicine Market
48.1. Canada Animal Medicine Market Overview
48.2. Canada Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.3. Canada Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.4. Canada Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
49. Mexico Animal Medicine Market
49.1. Mexico, Animal Medicine Historic Market, 2018-2023, $ Billion
49.2. Mexico, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
50. South America Animal Medicine Market
50.1. South America Animal Medicine Market Overview
50.2. South America Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.3. South America Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.4. South America Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51. Brazil Animal Medicine Market
51.1. Brazil Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.2. Brazil Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.3. Brazil Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
52. Chile Animal Medicine Market
52.1. Chile, Animal Medicine Historic Market, 2018-2023, $ Billion
52.2. Chile, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
53. Argentina Animal Medicine Market
53.1. Argentina, Animal Medicine Historic Market, 2018-2023, $ Billion
53.2. Argentina, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
54. Colombia Animal Medicine Market
54.1. Colombia, Animal Medicine Historic Market, 2018-2023, $ Billion
54.2. Colombia, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
55. Peru Animal Medicine Market
55.1. Peru, Animal Medicine Historic Market, 2018-2023, $ Billion
55.2. Peru, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
56. Middle East Animal Medicine Market
56.1. Middle East Animal Medicine Market Overview
56.2. Middle East Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.3. Middle East Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.4. Middle East Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
57. Saudi Arabia Animal Medicine Market
57.1. Saudi Arabia, Animal Medicine Historic Market, 2018-2023, $ Billion
57.2. Saudi Arabia, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
58. Israel Animal Medicine Market
58.1. Israel, Animal Medicine Historic Market, 2018-2023, $ Billion
58.2. Israel, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
59. Iran Animal Medicine Market
59.1. Iran, Animal Medicine Historic Market, 2018-2023, $ Billion
59.2. Iran, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
60. Turkey Animal Medicine Market
60.1. Turkey, Animal Medicine Historic Market, 2018-2023, $ Billion
60.2. Turkey, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
61. United Arab Emirates Animal Medicine Market
61.1. United Arab Emirates, Animal Medicine Historic Market, 2018-2023, $ Billion
61.2. United Arab Emirates, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
62. Africa Animal Medicine Market
62.1. Africa Animal Medicine Market Overview
62.2. Africa Animal Medicine Market, Segmentation by Medicine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.3. Africa Animal Medicine Market, Segmentation by Type of Animal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.4. Africa Animal Medicine Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
63. Egypt Animal Medicine Market
63.1. Egypt, Animal Medicine Historic Market, 2018-2023, $ Billion
63.2. Egypt, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
64. Nigeria Animal Medicine Market
64.1. Nigeria, Animal Medicine Historic Market, 2018-2023, $ Billion
64.2. Nigeria, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
65. South Africa Animal Medicine Market
65.1. South Africa, Animal Medicine Historic Market, 2018-2023, $ Billion
65.2. South Africa, Animal Medicine Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
66. Animal Medicine Market Competitive Landscape and Company Profiles
66.1. Animal Medicine Market Competitive Landscape
66.2. Animal Medicine Market Company Profiles
66.2.1. Zoetis, Inc
66.2.1.1. Overview
66.2.1.2. Products and Services
66.2.1.3. Strategy
66.2.1.4. Financial Performance
66.2.2. Boehringer Ingelheim GmbH
66.2.2.1. Overview
66.2.2.2. Products and Services
66.2.2.3. Strategy
66.2.2.4. Financial Performance
66.2.3. Merck & Co Inc
66.2.3.1. Overview
66.2.3.2. Products and Services
66.2.3.3. Strategy
66.2.3.4. Financial Performance
66.2.4. Elanco Animal Health Incorporated
66.2.4.1. Overview
66.2.4.2. Products and Services
66.2.4.3. Strategy
66.2.4.4. Financial Performance
66.2.5. Virbac Group
66.2.5.1. Overview
66.2.5.2. Products and Services
66.2.5.3. Strategy
66.2.5.4. Financial Performance
67. Animal Medicine Market Other Major and Innovative Companies
67.1. Ceva Santé Animale
67.2. Phibro Animal Health Corporation
67.3. China Animal Husbandry Industry Co., Ltd
67.4. Vetoquinol S.A.
67.5. Neogen Corporation
67.6. Century Pharmaceuticals Limited
67.7. BASF India Ltd.
67.8. Cargill India Pvt. Ltd.
67.9. Intervet Australia Pty Ltd
67.10. Jurox Pty Ltd
67.11. SeQuent scientific ltd
67.12. Guangdong Wens Dahuanong Biotechnology Co. Ltd
67.13. Shandong Lukang
67.14. Bayer Animal Health Cadila Pharmaceuticals Ltd.
67.15. Novasep
68. Global Animal Medicine Market Competitive Benchmarking69. Global Animal Medicine Market Competitive Dashboard70. Key Mergers and Acquisitions in the Animal Medicine Market
71. Animal Medicine Market Future Outlook and Potential Analysis
71.1 Animal Medicine Market in 2028 - Countries Offering Most New Opportunities
71.2 Animal Medicine Market in 2028 - Segments Offering Most New Opportunities
71.3 Animal Medicine Market in 2028 - Growth Strategies
71.3.1 Market Trend-based Strategies
71.3.2 Competitor Strategies
72. Appendix
72.1. Abbreviations
72.2. Currencies
72.3. Historic and Forecast Inflation Rates
72.4. Research Inquiries
72.5. About the Analyst
72.6. Copyright and Disclaimer

Executive Summary

Animal Medicine Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on animal medicine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for animal medicine? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Medicine: Veterinary Pharmaceuticals; Feed Additives
2) By Type Of Animal: Companion Animal; Livestock Animals
3) By Type Of Prescription: OTC; Prescription
4) By Route Of Administration: Oral; Parenteral; Other Routes Of Administration
5) By Distribution Channel: Veterinary Services; Online; Other Distribution Channels

Sub segments: Veterinary Vaccines; Veterinary Antibiotics; Veterinary Parasiticides; Others Veterinary Pharmaceuticals; Medical Feed Additives; Nutritional Feed Additives

Key Companies Mentioned: Zoetis, Inc; Boehringer Ingelheim GmbH; Merck & Co Inc; Elanco Animal Health Incorporated; Virbac Group

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Zoetis, Inc
  • Boehringer Ingelheim GmbH
  • Merck & Co Inc
  • Elanco Animal Health Incorporated
  • Virbac Group
  • Ceva Santé Animale
  • Phibro Animal Health Corporation
  • China Animal Husbandry Industry Co., Ltd
  • Vetoquinol S.A.
  • Neogen Corporation
  • Century Pharmaceuticals Limited
  • BASF India Ltd.
  • Cargill India Pvt. Ltd.
  • Intervet Australia Pty Ltd
  • Jurox Pty Ltd
  • SeQuent scientific ltd
  • Guangdong Wens Dahuanong Biotechnology Co. Ltd
  • Shandong Lukang
  • Bayer Animal Health Cadila Pharmaceuticals Ltd.
  • Novasep
  • Koninklijke DSM n.v
  • Novartis AG
  • Nutreco N.V.
  • Sanofi S.A
  • Merial Pulike Biological Engineering
  • Bad Oldesloe
  • CP-Pharma Handelsgesellschaft mbH
  • SaluVet GmbH
  • KRKA UK
  • Interfeed
  • Biotex Plus Ltd.
  • Belfarmacom
  • Cymedica
  • vet resolution
  • Vetruus Ltd
  • Nimrod Veterinary Products Ltd.
  • Bimeda
  • Animalcare
  • Medco-ERP Ltd. Holland
  • Brouwer
  • IDT Biologika
  • Vetiquinol S.A
  • UCBVET
  • Biowet Puławy
  • Esculap
  • Pasteur Romania
  • Vector-Vita-LLC
  • NITA-FARM
  • Bioveta
  • Heska
  • Dechra Veterinary Products
  • Eli Lilly and company
  • IDEXX Laboratories
  • Agrodan CA
  • Agrovet Market S.A
  • Interchem Ltda
  • Invesbio S.A
  • Syntec
  • Sauvet
  • Vetanco
  • Chemo Argentina
  • Saudi Pharmaceutical Industries SPI
  • Montajat Pharmaceuticals Co. Ltd.
  • ALKE SAGLIK URUNLERI San. ve Tic. A.S.
  • MISTAV Ilac ve Tavukculuk San.Tic.Ltd
  • DBK Pharma S.A.E.
  • Kahmavet
  • Lemavet
  • Abpharma
  • ASVET
  • Ekinos - Veterinary Products
  • Lanrex Pharmaceuticals Nig Ltd
  • Emzor Pharmaceutical Ltd.

Methodology

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