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China Veterinary Medicine Market Size, Share & Trends Analysis Report by Product (Biologics, Pharmaceuticals), Animal Type (Production Animals, Companion Animals), Route Of Administration, Distribution Channel, and Segment Forecasts, 2024-2030

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    Report

  • 80 Pages
  • March 2024
  • Region: China
  • Grand View Research
  • ID: 5950089
Description Jump to:
The China veterinary medicine market size is anticipated to reach USD 5.39 billion by 2030, expanding at a CAGR of 8.2% during the forecast period. The emergence of new animal diseases and the increasing need to address those diseases in China are some of the factors contributing to the market growth. For instance, in March 2019, DS Pharma Animal Health Co., Ltd., Sumitomo Corporation, and Shandong Sinder Technology Co., Ltd. made an agreement to license and sell the antiepileptic drug CONSAVE in China by 2022 to deal with epilepsy, a chronic disorder in dogs.

China is home to one of the largest pet populations in the world. This huge population of pet animals increases the demand for veterinary medicines in the country as pet owners are expected to spend on pet health. The increasing awareness about animal health and pet care is leading to the increased investments of pet owners in their pet health, thereby contributing to the market growth. Moreover, China has a huge population of dogs and cats, which contributed to the demand for preventive and treatment medicines for animals. For instance, according to an article in Rainwalk, Pet Adoption Statistics 2023, China has a total pet population of 53.1 million cats and 27.4 million dogs, which is the second largest population for both cats and dogs in the world after the U.S. This huge population of cats and dogs are anticipated to fuel the market growth.

The outbreak of diseases such as African Swine Fever (ASF) and Classical Swine Fever (CSF) is expected to increase the focus of government on the animal health in the country. For instance, an Animal Epidemic Prevention Law was adopted in China in 2021. The law aimed at strengthening animal epidemic prevention in the country and promoting the development of the breeding industry by preventing, controlling and eliminating animal pandemics. This increasing focus on animal health in the country is expected to drive market growth.

China Veterinary Medicine Market Report Highlights

  • Based on product, the pharmaceuticals segment held a revenue share of over 65% in 2023, owing to the increasing production of meat and dairy products in the country. On the other hand, the biologics segment is expected to grow at the fastest CAGR over the forecast period.
  • Based on animal type, the production animal segment held the largest revenue share of around 60% in 2023, owing to increased focus on animal health in the dairy industry for better quality product.
  • The increasing focus of market players on the development of advanced medicines and the emergence of new diseases is contributing to the market growth


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Product
1.2.2. Animal type
1.2.3. Route of administration
1.2.4. Distribution channel
1.2.5. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. Internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.4.5. Details of primary research
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity flow analysis (Model 1)
1.7.2. Volume price analysis (Model 2)
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Animal type outlook
2.2.3. Route of administration outlook
2.2.4. Distribution channel outlook
2.3. Competitive Insights
Chapter 3. China Veterinary Medicine Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.3. China Veterinary Medicine Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic Landscape
Chapter 4. China Veterinary Medicine Market: Product Estimates & Trend Analysis
4.1. Product Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. China Veterinary Medicine Market by Product Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
4.4.1. Biologics
4.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2. Vaccine
4.4.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.2. Modified/Attenuated live
4.4.1.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.3. Inactivated (killed)
4.4.1.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.4. Other vaccines
4.4.1.2.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.3. Other Biologics
4.4.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2. Pharmaceuticals
4.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.2. Parasiticides
4.4.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.3. Anti-infectives
4.4.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.4. Anti-inflammatory
4.4.2.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.5. Analgesics
4.4.2.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.6. Others
4.4.2.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.3. Medicated feed additives
4.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. China Veterinary Medicine Market: Animal Type Estimates & Trend Analysis
5.1. Animal Type Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. China Veterinary Medicine Market by Animal Type Outlook
5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
5.4.1. Production animals
5.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.1.2. Poultry
5.4.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.1.3. Pigs
5.4.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.1.4. Cattle
5.4.1.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.1.5. Sheep & goats
5.4.1.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.1.6. Others
5.4.1.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.2. Companion animals
5.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.2.2. Dogs
5.4.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.2.3. Cats
5.4.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.2.4. Horses
5.4.2.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.2.5. Others
5.4.2.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. China Veterinary Medicine Market: Route of Administration Estimates & Trend Analysis
6.1. Route of Administration Market Share, 2023 & 2030
6.2. Segment Dashboard
6.3. China Veterinary Medicine Market by Route of Administration Outlook
6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
6.4.1. Oral
6.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.2. Injectable
6.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.3. Topical
6.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.4. Other routes
6.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. China Veterinary Medicine Market: Distribution Channel Estimates & Trend Analysis
7.1. Distribution Channel Market Share, 2023 & 2030
7.2. Segment Dashboard
7.3. China Veterinary Medicine Market by Distribution Channel Outlook
7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
7.4.1. Veterinary hospitals & clinics
7.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
7.4.2. E-commerce
7.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
7.4.3. Offline retail stores
7.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
7.4.4. Others
7.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company/Competition Categorization
8.3. Vendor Landscape
8.3.1. List of key distributors and channel partners
8.3.2. Key customers
8.3.3. Key company heat map analysis, 2023
8.4. Company Profiles
8.4.1. China Animal Husbandry Industry Co. Ltd.
8.4.1.1. Company overview
8.4.1.2. Financial performance
8.4.1.3. Product benchmarking
8.4.1.4. Strategic initiatives
8.4.2. Boehringer Ingelheim International GmbH
8.4.2.1. Company overview
8.4.2.2. Financial performance
8.4.2.3. Product benchmarking
8.4.2.4. Strategic initiatives
8.4.3. Bimeda, Inc.
8.4.3.1. Company overview
8.4.3.2. Financial performance
8.4.3.3. Product benchmarking
8.4.3.4. Strategic initiatives
8.4.4. Merck & Co., Inc.
8.4.4.1. Company overview
8.4.4.2. Financial performance
8.4.4.3. Product benchmarking
8.4.4.4. Strategic initiatives
8.4.5. Ceva
8.4.5.1. Company overview
8.4.5.2. Financial performance
8.4.5.3. Product benchmarking
8.4.5.4. Strategic initiatives
8.4.6. Zoetis Services LLC
8.4.6.1. Company overview
8.4.6.2. Financial performance
8.4.6.3. Product benchmarking
8.4.6.4. Strategic initiatives
8.4.7. Virbac SA
8.4.7.1. Company overview
8.4.7.2. Financial performance
8.4.7.3. Product benchmarking
8.4.7.4. Strategic initiatives
8.4.8. Vetoquinol
8.4.8.1. Company overview
8.4.8.2. Financial performance
8.4.8.3. Product benchmarking
8.4.8.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 China veterinary medicine market, by product, 2018 - 2030 (USD Million)
Table 3 China veterinary medicine market, by animal type, 2018 - 2030 (USD Million)
Table 4 China veterinary medicine market, by route of administration, 2018 - 2030 (USD Million)
Table 5 China veterinary medicine market, by distribution channel, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 China veterinary medicine market: market outlook
Fig. 9 China veterinary medicine competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 China veterinary medicine market driver impact
Fig. 14 China veterinary medicine market restraint impact
Fig. 15 China Veterinary Medicine Market Strategic Initiatives Analysis
Fig. 16 China veterinary medicine market: Product movement analysis
Fig. 17 China veterinary medicine market: Product outlook and key takeaways
Fig. 18 Biologics market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 19 Vaccines market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 Modified/attenuated live market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 21 Inactivated (killed) market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 22 Other vaccines market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 23 Other biologics market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 24 Pharmaceuticals market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 25 Parasiticides market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 26 Anti-infectives market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 27 Anti-inflammatory market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 28 Analgesics market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 29 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 30 Medicated feed additives market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 China veterinary medicine market: Animal type movement analysis
Fig. 32 China veterinary medicine market: Animal type outlook and key takeaways
Fig. 33 Production animals market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 34 Poultry market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Pigs market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Cattle market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Sheep & goats market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 Companion animals market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 Dogs market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Cats market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 42 Horses market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 China veterinary medicine market: Route of administration movement analysis
Fig. 45 China veterinary medicine market: Route of administration outlook and key takeaways
Fig. 46 Oral market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Injectable market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 Topical market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 49 Other routes market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 50 China veterinary medicine market: Distribution channel movement analysis
Fig. 51 China veterinary medicine market: Route of administration outlook and key takeaways
Fig. 52 Veterinary hospitals & clinics market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 53 E-commerce market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 54 Offline retail stores market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 55 Others market estimates and forecasts, 2018 - 2030 (USD Million)

Companies Mentioned

  • China Animal Husbandry Industry Co. Ltd.
  • Boehringer Ingelheim International GmbH
  • Bimeda, Inc.
  • Merck & Co., Inc.
  • Ceva
  • Zoetis Services LLC
  • Virbac SA
  • Vetoquinol

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedMarch 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 3.12 Billion
Forecasted Market Value ( USD ) by 2030 $ 5.39 Billion
Compound Annual Growth Rate8.2%
Regions CoveredChina
No. of Companies Mentioned8

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