Veterinary Biologics Market: By Product Type (Vaccines, Diagnostic Kits, Antibody Products, Others), By Disease (Bluetongue, Aujeszky’s Disease, Bovine Viral Diarrhea, Bovine Tuberculosis, Clostridial Disease, Foot and Mouth Disease, Others), By Species (Poultry, Bovine, Aquatic, Porcine, Others), and Geography

 

Purchase Option

$ 3000
$ 4400
$ 6600
$ 8900

Veterinary Biologics Market size was valued at USD 11.2 billion in 2021, growing at a CAGR of 7.1% during the forecast period 2022-28 . Global veterinary biologics market is primarily driven by increase in demand for food security around the world and initiatives by the various government and non-government organizations to vaccinate the animals. The veterinary biologics industry is currently highly concentrated, with prominent firms such as Zoetis, Boehringer Ingelheim, Ceva, Elanco Animal Health, and Merck Animal Health accounting for two-thirds of the revenue share. These companies are increasingly delegating their innovation to startups and other collaborators with superior genomics and biotech knowledge. Furthermore, increasing investments in veterinary science and multi-disciplinary vaccinology research are projected to propel the veterinary biologics market to new heights. In light of growing livestock production and booming pet product sales, a major transformation in the animal health business will further create a window of growth potential. The growing number of veterinary clinics in both developed and emerging countries, which account for 2/5 of total revenue, is driving demand for veterinary biologics. Market participants are directing their product sales through retail pharmacies in order to boost their profit margins and regional presence. Increased government emphasis on the unification of research in veterinary pharmaceuticals and human medicine can also be attributable to significant rise in veterinary biologics sales through these channels. However, a major gap in understanding the epidemiology pattern of animal diseases remains a potential hazard to market participants. As illnesses evolve, vaccination research and development has been ramped up to protect animals from new strains. Veterinary biologics, such as monoclonal antibodies and immunomodulators, will also see advancements.

Global Veterinary Biologics Market Summary

Study Period

2023-29

Base Year

2022

CAGR

7.1%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Veterinary Biologics Market Dynamics Dynamics

Growing demand for meat and rise in trend towards adaptation of companion animals in developing countries projected to boost the market share. Moreover, increase in company investments to produce advanced and novel veterinary biologics coupled with growing animal health concerns expected to bolster the global veterinary biologics market. However, lack of knowledge in some of the virulent veterinary diseases and regulatory procedures are expected to impede the global market over the forecast period

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Veterinary Biologics Market Segmentation

Product Type
  • Vaccines
  • Antibody Products
  • Immunomodulators
  • Others
Disease
  • Bluetongue
  • Aujeszky’s Disease
  • Bovine Viral Diarrhea
  • Bovine Tuberculosis
  • Clostridial Disease
  • Foot and Mouth Disease
  • Others
Species
  • Poultry
  • Bovine
  • Aquatic
  • Porcine
  • Others
LOCATION

Geography

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

[urltag url='request-table-of-content']

  • Zoetis, Inc. (U.S.)
  • ElancoAnimal Health (Eli Lilly and Company) (U.S.)
  • Merial (C.H. BoehringerSohn AG & Co. KG) (Germany)
  • Merck & Co., Inc. (U.S.)
  • Bayer AG (Germany)
  • CevaSanteAnimale S.A. (France)
  • Virbac (France)