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Veterinary Medicine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 145 Pages
  • June 2022
  • Region: Global
  • IMARC Group
  • ID: 5615188
The global veterinary medicine market reached a value of US$ 31.06 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 48.58 Billion by 2027, exhibiting a CAGR of 7.74% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.



Veterinary medicine is a branch of science that deals in the prevention, control, diagnosis, and treatment of diseases that affect the health of domestic and wild animals. It helps maintain the health of food-producing animals, inhibit the transmission of zoonotic diseases from animal species to humans, and ensure a safe supply of food worldwide. At present, the escalating consumption of animal-derived products is increasing the adoption of veterinary medicines to monitor the health of agricultural animals and prevent human exposure to diseases.

Veterinary Medicine Market Trends:


The growing trend of nuclear families and inflating income levels have increased the overall spending of individuals on pets globally. This, in confluence with the rising concerns among pet parents about the well-being of their pets, represents one of the major factors supporting the demand for veterinary medicines. The increasing penetration of pet insurance is further influencing the market growth. Apart from this, the expanding animal husbandry activities, along with the escalating cases of zoonotic and chronic diseases among animals, are increasing the concerns about food safety. This, along with the increasing number of commercial animal-production programs, is promoting the adoption of veterinary medicines for better diagnosis and treatment for livestock. Moreover, the easy availability of advanced diagnostic imaging, novel therapies, nuclear and regenerative medicines, laser diagnostics, and specialized surgeries in numerous vet hospitals and clinics is bolstering the market growth. Furthermore, biomedical researchers are developing safe and effective vaccines to prevent pet diseases, which is anticipated to strengthen the market growth.

Key Market Segmentation:


The publisher provides an analysis of the key trends in each sub-segment of the global veterinary medicine market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, animal type, route of administration and distribution channel.

Breakup by Product:

  • Drugs
  • Anti-infective
  • Anti-inflammatory
  • Parasiticide
  • Vaccines
  • Inactivated Vaccines
  • Attenuated Vaccines
  • Recombinant Vaccines
  • Medicated Feed Additives
  • Amino Acids
  • Antibiotics

Breakup by Animal Type:

  • Production
  • Companion

Breakup by Route of Administration:

  • Oral
  • Parenteral
  • Topical

Breakup by Distribution Channel:

  • Veterinary Hospitals and Clinics
  • Point-of-Care Testing/In-house Testing
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:


The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Boehringer Ingelheim GmbH, Cargill Incorporated, Ceva Santé Animale, Dechra Pharmaceuticals PLC, Elanco Animal Health Incorporated, Evonik Industries AG, Merck & Co. Inc., Neogen Corporation, Vetoquinol S.A., Virbac and Zoetis Inc.

Key Questions Answered in This Report:

  • How has the global veterinary medicine market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global veterinary medicine market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the animal type?
  • What is the breakup of the market based on the route of administration?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global veterinary medicine market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Veterinary Medicine Market

What is the estimated value of the Global Veterinary Medicine Market?

The Global Veterinary Medicine Market was estimated to be valued at $31.1 Billion in 2021.

What is the growth rate of the Global Veterinary Medicine Market?

The growth rate of the Global Veterinary Medicine Market is 7.7%, with an estimated value of $48.6 Billion by 2027.

What is the forecasted size of the Global Veterinary Medicine Market?

The Global Veterinary Medicine Market is estimated to be worth $48.6 Billion by 2027.

Who are the key companies in the Global Veterinary Medicine Market?

Key companies in the Global Veterinary Medicine Market include Archer, Daniels, Midland Company, Boehringer Ingelheim GmbH, Cargill Incorporated, Ceva Santé Animale, Dechra Pharmaceuticals PLC, Elanco Animal Health Incorporated and Merck & Co. Inc..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Veterinary Medicine Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Drugs
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Anti-infective
6.1.2.2 Anti-inflammatory
6.1.2.3 Parasiticide
6.1.3 Market Forecast
6.2 Vaccines
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Inactivated Vaccines
6.2.2.2 Attenuated Vaccines
6.2.2.3 Recombinant Vaccines
6.2.3 Market Forecast
6.3 Medicated Feed Additives
6.3.1 Market Trends
6.3.2 Key Segments
6.3.2.1 Amino Acids
6.3.2.2 Antibiotics
6.3.3 Market Forecast
7 Market Breakup by Animal Type
7.1 Production
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Companion
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Route of Administration
8.1 Oral
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Parenteral
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Topical
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Veterinary Hospitals and Clinics
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Point-of-Care Testing/In-house Testing
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Archer-Daniels-Midland Company
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Boehringer Ingelheim GmbH
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Cargill Incorporated
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 SWOT Analysis
15.3.4 Ceva Santé Animale
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Dechra Pharmaceuticals PLC
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Elanco Animal Health Incorporated
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 Evonik Industries AG
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Merck & Co. Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Neogen Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Vetoquinol S.A.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Virbac
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Zoetis Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Veterinary Medicine Market: Major Drivers and Challenges
Figure 2: Global: Veterinary Medicine Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Veterinary Medicine Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Veterinary Medicine Market: Breakup by Product (in %), 2021
Figure 5: Global: Veterinary Medicine Market: Breakup by Animal Type (in %), 2021
Figure 6: Global: Veterinary Medicine Market: Breakup by Route of Administration (in %), 2021
Figure 7: Global: Veterinary Medicine Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Global: Veterinary Medicine Market: Breakup by Region (in %), 2021
Figure 9: Global: Veterinary Medicine (Drugs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Veterinary Medicine (Drugs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Veterinary Medicine (Vaccines) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Veterinary Medicine (Vaccines) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Veterinary Medicine (Medicated Feed Additives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Veterinary Medicine (Medicated Feed Additives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Veterinary Medicine (Production) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Veterinary Medicine (Production) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Veterinary Medicine (Companion) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Veterinary Medicine (Companion) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Veterinary Medicine (Oral) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Veterinary Medicine (Oral) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Veterinary Medicine (Parenteral) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Veterinary Medicine (Parenteral) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Veterinary Medicine (Topical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Veterinary Medicine (Topical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Veterinary Medicine (Veterinary Hospitals and Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Veterinary Medicine (Veterinary Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Veterinary Medicine (Point-of-Care Testing/In-house Testing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Veterinary Medicine (Point-of-Care Testing/In-house Testing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Veterinary Medicine (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Veterinary Medicine (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Veterinary Medicine Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Veterinary Medicine Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Veterinary Medicine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Veterinary Medicine Industry: SWOT Analysis
Figure 81: Global: Veterinary Medicine Industry: Value Chain Analysis
Figure 82: Global: Veterinary Medicine Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Veterinary Medicine Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Veterinary Medicine Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Veterinary Medicine Market Forecast: Breakup by Animal Type (in Million US$), 2022-2027
Table 4: Global: Veterinary Medicine Market Forecast: Breakup by Route of Administration (in Million US$), 2022-2027
Table 5: Global: Veterinary Medicine Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: Global: Veterinary Medicine Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Veterinary Medicine Market: Competitive Structure
Table 8: Global: Veterinary Medicine Market: Key Players

Companies Mentioned

  • Archer-Daniels-Midland Company
  • Boehringer Ingelheim GmbH
  • Cargill Incorporated
  • Ceva Santé Animale
  • Dechra Pharmaceuticals PLC
  • Elanco Animal Health Incorporated
  • Evonik Industries AG
  • Merck & Co. Inc.
  • Neogen Corporation
  • Vetoquinol S.A.
  • Virbac
  • Zoetis Inc.

Methodology

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