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Europe Veterinary Healthcare Market Forecast 2021-2027, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis

  • ID: 5459141
  • Report
  • October 2021
  • Region: Europe
  • 160 Pages
  • Renub Research

FEATURED COMPANIES

  • Bayer AG
  • Elanco
  • Merck & Co., Inc.
  • Zoetis Inc.
The European veterinary healthcare industry has undergone significant changes in the last decade, including a greater focus on companion animal medicine and considerable group solidification of veterinary practices. In Europe, the veterinary industry is a portion of the wider healthcare sector. It is an essential part of animal care like Pets, Livestock, Poultry, Horses, Aquatics, Rabbits and Others. In Europe, it can be defined as the veterinary science, medical specialty involved with the prevention, control, treatment and diagnosis, of disorders affecting the health of domestic and wild animals and with the prevention of transmission of animal viruses to people

Moreover, the main factor adding to the growth of the European veterinary market is the rising animal adoption in European countries, coupled with growing initiatives by various governments and improved animal healthcare and improving productivity at the risk of an emerging zoonosis. The rising interest in the production of livestock animals is generating growth in the European veterinary healthcare market. According to the publisher, Europe Veterinary Healthcare Market will be US$ 8.89 Billion by 2027.

Impact of COVID-19 on Europe Veterinary Health Industry


The global outbreak of COVID-19 has impacted all industries, including veterinary healthcare. This has hit the export and import activities of veterinary medicines and diagnostics, which led to the decline in sales of veterinary industry of many products. The European Medicines Agency (EMA) designed and implemented few guidelines to ensure the availability of veterinary medicines in the European market. In 2020, according to Health for Animals article, the World Veterinary Association (WVA) and local veterinary associations in Europe declared veterinary services as ‘essential’ in the same way as human healthcare services, and therefore, many veterinarians are continuing to practice in current COVID-19 situation as well

By Product: Vaccine Segment has held the largest market share


Veterinary healthcare encompasses various veterinary healthcare products such as vaccines, Parasiticides, Antimicrobials and others. Vaccines are comprised of bacteria, viruses, or other disease-causing organisms that have been removed or altered so that they cannot cause any disease, thus, boosting immunity. The building initiatives by European governments have improved animal healthcare and led to the growing demand for veterinary vaccines. As per our research finding, Europe Veterinary Healthcare Market will grow with a CAGR of 6.42% during 2020-2027


Further, certain vaccines, Parasiticides and Antimicrobials are only available in accredited veterinary hospitals and clinics in Europe. Veterinary hospitals and clinics provide a wide range of treatment as well as diagnostic options such as advanced diagnostic imaging, novel therapies, nuclear and regenerative medicines, laser diagnostics, and specialized surgeries, available in the European vet hospitals and clinics for an animal such as Pets, Livestock, Poultry, Horses, Aquatics, Rabbits and Others

Germany, France & United Kingdom Veterinary Healthcare Market offers huge Opportunity


The veterinary healthcare market in Europe is segmented into Germany, France, the United Kingdom, Italy, Russia, Spain, and the Rest of Europe. In Germany, veterinary health is safeguarded by legislation and veterinary administration. The strict government laws related to veterinary health and the high disposable income of the German people causing increased interest in Pets, Livestock, Poultry, and Horses. Europe Animal Healthcare Market Size was US$ 5.75 Billion in 2020.

In addition, the United Kingdom veterinary healthcare industry is growing and includes therapeutic products and solutions for farm and companion animals. Companion pets like dogs and cats can be tamed or adopted for association or farm animals, and house/office guards are raised for meat and milk-related products. Companion animals include dogs, cats, and horses, and farm animals include swine, poultry, and ruminants. In 2018, according to the People's Dispensary for Sick Animals, 49% of the adults in the United Kingdom owned a pet. 25% of the adults had a pet cat, and 24% owned a pet dog

Key Players in the European Veterinary Healthcare Industry


Major players such as Elanco, Zoetis Inc., Boehringer Ingelheim International GmbH, Merck & Co., Inc. and Bayer AG are working in the European veterinary healthcare industry. To enhance their market presence, they are engaging in various growth strategies, such as partnerships, collaborations, agreements, mergers, and acquisitions. For instance, in 2020, Zoetis, a leading animal health company, further expanded its poultry vaccine portfolio by introducing Poulvac Procerta HVT-ND, a vectored recombinant vaccine for protection against Newcastle and Marek's disease viruses

This report Europe Veterinary Healthcare Market by Product (vaccines, Parasiticides, Antimicrobials and others), Animals (Pets, Livestock, Poultry, Horses, Aquatics, Rabbits and Others), Countries (Germany, France, United Kingdom, Italy, Russia, Spain, Rest of Europe), Distribution (Retail Pharmacies and Drug Stores, E-commerce, Veterinary Hospitals & Clinics), End-Users (Veterinary Hospitals, Veterinary Clinics, Others), Company Analysis (Elanco, Zoetis Inc., Boehringer Ingelheim International GmbH, Merck & Co., Inc. and Bayer AG) studies the Europe Veterinary Healthcare Industry

Products - Europe Veterinary Healthcare Market has covered from 4 viewpoints


1. Vaccine
2. Parasiticdes
3. Antimicrobials
4. Other

Animals - Europe Veterinary Healthcare Market has covered from 7 viewpoints


1. Pets
2. Livestock
3. Poultry
4. Horses
5. Aquatics
6. Rabbits
7. Others

Countries - Europe Veterinary Healthcare Market has covered from 7 viewpoints


1. Germany
2. France
3. United Kingdom
4. Italy
5. Russia
6. Spain
7. Rest of Europe

Distribution - Europe Veterinary Healthcare Market has covered from 3 viewpoints


1. Retail Pharmacies and Drug Stores
2. E-commerce
3. Veterinary Hospitals & Clinics

End-Users - Europe Veterinary Healthcare Market has covered from 3 viewpoints


1. Veterinary Hospitals
2. Veterinary Clinics
3. Others

All key players have been covered from 3 viewpoints

  • Overviews
  • Recent Developments
  • Revenues

Company Analysis


1. Elanco
2. Zoetis Inc.
3. Boehringer Ingelheim International GmbH
4. Merck & Co., Inc.
5. Bayer AG
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bayer AG
  • Elanco
  • Merck & Co., Inc.
  • Zoetis Inc.

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Europe Veterinary Healthcare Market
6. Market Share - Europe Veterinary Healthcare
6.1 By Products
6.2 By Animals
6.3 By Countries
6.4 By Distribution
6.5 By End-Users
7. Products - Europe Veterinary Healthcare Market
7.1 Vaccine
7.2 Parasiticdes
7.3 Antimicrobials
7.4 Other
8. Animals - Europe Veterinary Healthcare Market
8.1 Pets
8.2 Livestock
8.3 Poultry
8.4 Horses
8.5 Aquatics
8.6 Rabbits
8.7 Others
9. Countries - Europe Veterinary Healthcare Market
9.1 Germany
9.2 France
9.3 United Kingdom
9.4 Italy
9.5 Russia
9.6 Spain
9.7 Rest of Europe
10. Distribution - Europe Veterinary Healthcare Market
10.1 Retail Pharmacies and Drug Stores
10.2 E-commerce
10.3 Veterinary Hospitals & Clinics
11. End-Users - Europe Veterinary Healthcare Market
11.1 Veterinary Hospitals
11.2 Veterinary Clinics
11.3 Others
12. Company Analysis
12.1 Elanco
12.1.1 Overview
12.1.2 Recent Development
12.1.3 Financial Insights
12.2 Zoetis Inc.
12.2.1 Overview
12.2.2 Recent Development
12.2.3 Financial Insights
12.3 Boehringer Ingelheim International GmbH
12.3.1 Overview
12.3.2 Recent Development
12.3.3 Financial Insights
12.4 Merck & Co., Inc.
12.4.1 Overview
12.4.2 Recent Development
12.4.3 Financial Insights
12.5 Bayer AG
12.5.1 Overview
12.5.2 Recent Development
12.5.3 Financial Insights
List of Figures:
Figure-01: Europe Veterinary Healthcare Market (Billion US$), 2017 - 2020
Figure-02: Forecast for - Europe Veterinary Healthcare Market (Billion US$), 2021 - 2027
Figure-03: Products - Vaccine Market (Billion US$), 2017 - 2020
Figure-04: Products - Forecast for Vaccine Market (Billion US$), 2021 - 2027
Figure-05: Products - Parasiticdes Market (Billion US$), 2017 - 2020
Figure-06: Products - Forecast for Parasiticdes Market (Billion US$), 2021 - 2027
Figure-07: Products - Antimicrobials Market (Million US$), 2017 - 2020
Figure-08: Products - Forecast for Antimicrobials Market (Million US$), 2021 - 2027
Figure-09: Products - Other Market (Billion US$), 2017 - 2020
Figure-10: Products - Forecast for Other Market (Billion US$), 2021 - 2027
Figure-11: Animals - Pets Veterinary Healthcare Market (Billion US$), 2017 - 2020
Figure-12: Animals - Forecast for Pets Veterinary Healthcare Market (Billion US$), 2021 - 2027
Figure-13: Animals - Livestock Veterinary Healthcare Market (Billion US$), 2017 - 2020
Figure-14: Animals - Forecast for Livestock Veterinary Healthcare Market (Billion US$), 2021 - 2027
Figure-15: Animals - Poultry Veterinary Healthcare Market (Million US$), 2017 - 2020
Figure-16: Animals - Forecast for Poultry Veterinary Healthcare Market (Million US$), 2021 - 2027
Figure-17: Animals - Horses Veterinary Healthcare Market (Million US$), 2017 - 2020
Figure-18: Animals - Forecast for Horses Veterinary Healthcare Market (Million US$), 2021 - 2027
Figure-19: Animals - Aquatics Veterinary Healthcare Market (Million US$), 2017 - 2020
Figure-20: Animals - Forecast for Aquatics Veterinary Healthcare Market (Million US$), 2021 - 2027
Figure-21: Animals - Rabbits Veterinary Healthcare Market (Million US$), 2017 - 2020
Figure-22: Animals - Forecast for Rabbits Veterinary Healthcare Market (Million US$), 2021 - 2027
Figure-23: Animals - Others Veterinary Healthcare Market (Million US$), 2017 - 2020
Figure-24: Animals - Forecast for Others Veterinary Healthcare Market (Million US$), 2021 - 2027
Figure-25: Germany - Veterinary Healthcare Market (Million US$), 2017 - 2020
Figure-26: Germany - Forecast for Veterinary Healthcare Market (Million US$), 2021 - 2027
Figure-27: France - Veterinary Healthcare Market (Million US$), 2017 - 2020
Figure-28: France - Forecast for Veterinary Healthcare Market (Million US$), 2021 - 2027
Figure-29: United Kingdom - Veterinary Healthcare Market (Million US$), 2017 - 2020
Figure-30: United Kingdom - Forecast for Veterinary Healthcare Market (Million US$), 2021 - 2027
Figure-31: Italy - Veterinary Healthcare Market (Million US$), 2017 - 2020
Figure-32: Italy - Forecast for Veterinary Healthcare Market (Million US$), 2021 - 2027
Figure-33: Russia - Veterinary Healthcare Market (Million US$), 2017 - 2020
Figure-34: Russia - Forecast for Veterinary Healthcare Market (Million US$), 2021 - 2027
Figure-35: Spain - Veterinary Healthcare Market (Million US$), 2017 - 2020
Figure-36: Spain - Forecast for Veterinary Healthcare Market (Million US$), 2021 - 2027
Figure-37: Rest of Europe - Veterinary Healthcare Market (Billion US$), 2017 - 2020
Figure-38: Rest of Europe - Forecast for Veterinary Healthcare Market (Billion US$), 2021 - 2027
Figure-39: Distribution - Retail Pharmacies and Drug Stores Market (Billion US$), 2017 - 2020
Figure-40: Distribution - Forecast for Retail Pharmacies and Drug Stores Market (Billion US$), 2021 - 2027
Figure-41: Distribution - E-commerce Market (Billion US$), 2017 - 2020
Figure-42: Distribution - Forecast for E-commerce Market (Billion US$), 2021 - 2027
Figure-43: Distribution - Veterinary Hospitals & Clinics Market (Billion US$), 2017 - 2020
Figure-44: Distribution - Forecast for Veterinary Hospitals & Clinics Market (Billion US$), 2021 - 2027
Figure-45: End-Users - Veterinary Hospitals Market (Million US$), 2017 - 2020
Figure-46: End-Users - Forecast for Veterinary Hospitals Market (Million US$), 2021 - 2027
Figure-47: End-Users - Veterinary Clinics Market (Billion US$), 2017 - 2020
Figure-48: End-Users - Forecast for Veterinary Clinics Market (Billion US$), 2021 - 2027
Figure-49: End-Users - Others Market (Billion US$), 2017 - 2020
Figure-50: End-Users - Forecast for Others Market (Billion US$), 2021 - 2027
Figure-51: Elanco - Global Revenue (Billion US$), 2017 - 2020
Figure-52: Elanco - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-53: Zoetis Inc. - Global Revenue (Billion US$), 2017 - 2020
Figure-54: Zoetis Inc. - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-55: Boehringer Ingelheim International GmbH - Global Revenue (Billion US$), 2017 - 2020
Figure-56: Boehringer Ingelheim International GmbH - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-57: Merck & Co., Inc. - Global Revenue (Billion US$), 2017 - 2020
Figure-58: Merck & Co., Inc. - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-59: Bayer AG - Global Revenue (Billion US$), 2017 - 2020
Figure-60: Bayer AG - Forecast for Global Revenue (Billion US$), 2021 - 2027
List of Tables:
Table-01: Europe Veterinary Healthcare Market Share by Products (Percent), 2017 - 2020
Table-02: Forecast for - Europe Veterinary Healthcare Market Share by Products (Percent), 2021 - 2027
Table-03: Europe Veterinary Healthcare Market Share by Animals (Percent), 2017 - 2020
Table-04: Forecast for - Europe Veterinary Healthcare Market Share by Animals (Percent), 2021 - 2027
Table-05: Europe Veterinary Healthcare Market Share by Countries (Percent), 2017 - 2020
Table-06: Forecast for - Europe Veterinary Healthcare Market Share by Countries (Percent), 2021 - 2027
Table-07: Europe Veterinary Healthcare Market Share by Distribution (Percent), 2017 - 2020
Table-08: Forecast for - Europe Veterinary Healthcare Market Share by Distribution (Percent), 2021 - 2027
Table-09: Europe Veterinary Healthcare Market Share by End-Users (Percent), 2017 - 2020
Table-10: Forecast for - Europe Veterinary Healthcare Market Share by End-Users (Percent), 2021 - 2027
Note: Product cover images may vary from those shown
  • Elanco
  • Zoetis Inc.
  • Boehringer Ingelheim International GmbH
  • Merck & Co., Inc.
  • Bayer AG
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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