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Veterinary Medicine

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    Report

  • 41 Pages
  • September 2025
  • Region: Global
  • GlobalData
  • ID: 6190043
Global Veterinary Medicine industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Veterinary medicine is concerned with preventing, controlling, diagnosing, and treating diseases affecting the health of both food-producing and companion animals and preventing the transmission of animal diseases to humans.
  • The global veterinary medicine market recorded revenues of $33.43 billion in 2024, representing a compound annual growth rate (CAGR) of 5.8% between 2019 and 2024.
  • The pharmaceutical segment accounted for the market's largest proportion in 2024, with total revenues of $17.91 billion, equivalent to 53.6% of the market's overall value.
  • North America accounted for the largest share of 43.3% of the global veterinary medicine market in 2024.

Report Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the veterinary medicine market in the global
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global veterinary medicine market
  • Leading company profiles reveal details of key veterinary medicine market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Global veterinary medicine market with five year forecasts by both value and volume

Reasons to Buy

  • What was the size of the Global veterinary medicine market by value in 2024?
  • What will be the size of the Global veterinary medicine market in 2029?
  • What factors are affecting the strength of competition in the Global veterinary medicine market?
  • How has the market performed over the last five years?
  • Who are the top competitors in the global's veterinary medicine market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. Merck & Co Inc
8.2. Zoetis Inc
8.3. Boehringer Ingelheim International GmbH
8.4. Elanco Animal Health Inc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related the analyst research
10.4. About the Analyst
List of Tables
Table 1: Global veterinary medicine market value: $ million, 2019-24
Table 2: Global veterinary medicine market category segmentation: % share, by value, 2019-24
Table 3: Global veterinary medicine market category segmentation: $ million, 2019-24
Table 4: Global veterinary medicine market geography segmentation: $ million, 2024
Table 5: Global veterinary medicine market value forecast: $ million, 2024-29
Table 6: Merck & Co Inc: Key Facts
Table 7: Merck & Co Inc: annual financial ratios
Table 8: Merck & Co Inc: key employees
Table 9: Zoetis Inc: Key Facts
Table 10: Zoetis Inc: annual financial ratios
Table 11: Zoetis Inc: key employees
Table 12: Boehringer Ingelheim International GmbH: Key Facts
Table 13: Boehringer Ingelheim International GmbH: key employees
Table 14: Elanco Animal Health Inc: Key Facts
Table 15: Elanco Animal Health Inc: annual financial ratios
Table 16: Elanco Animal Health Inc: key employees
Table 17: Global Exchange Rate, 2019-24
List of Figures
Figure 1: Global veterinary medicine market value: $ million, 2019-24
Figure 2: Global veterinary medicine market category segmentation: $ million, 2019-24
Figure 3: Global veterinary medicine market geography segmentation: % share, by value, 2024
Figure 4: Global veterinary medicine market value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the global veterinary medicine market, 2024
Figure 6: Drivers of buyer power in the global veterinary medicine market, 2024
Figure 7: Drivers of supplier power in the global veterinary medicine market, 2024
Figure 8: Factors influencing the likelihood of new entrants in the global veterinary medicine market, 2024
Figure 9: Factors influencing the threat of substitutes in the global veterinary medicine market, 2024
Figure 10: Drivers of degree of rivalry in the global veterinary medicine market, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Merck & Co Inc
  • Zoetis Inc
  • Boehringer Ingelheim International GmbH
  • Elanco Animal Health Inc