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Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
Veterinary Medicine Market By Animal Type, By Product, By Distribution Channel and Region Forecast 2019-2030
Veterinary Medicine Market By Animal Type, By Product, By Distribution Channel and Region Forecast 2019-2030
Veterinary Medicine Market size was valued at US$ 29.2 billion in 2023 and is poised to grow at a CAGR of 7.4% from 2024-2030. Veterinary drugs are used to treat injuries, illnesses, and diseases in animals. Vaccines, veterinary medicines such as antimicrobial drugs, and diagnostic kits are examples of veterinary medicine used to heal animals of pathogens. Furthermore, the medicine can be used for animal health care, surgery, and prevention.
Veterinary medicine is used in several medical conditions to treat animals. It contains vaccines, which build immunity in animals against many infections illnesses like respiratory syncytial, influenza and parainfluenza 3. It contains drugs such as parasiticides and Veterinary anti-infective drugs. These drugs are given to animals orally. Furthermore, this medicine is given to different kinds of animals including livestock animals such as poultry, cattle and pigs and companion animals like dogs and cats. The rising number of chronic diseases greatly contributes in driving the global market. A few other factors that are driving the market are procedural developments, obligatory vaccination, increasing intake of meats and pet adoption.
Study Period
2024-2030Base Year
2023CAGR
12.4%Largest Market
North AmericaFastest Growing Market
Europe
Increasing number of pet owners and flow towards livestock population are the major reasons for the increasing demand of veterinary medicine. In addition, a few other factors that drive the market growth are increasing number of occurrence of medical illnesses in animals and increasing demand for livestock. Increase in animal healthcare expenses is also contributing in driving the market growth. Strict policies related with medicate feed additives as well as shortages of veterinary infrastructure facilities in undersized nations are the factors that restrain the market growth. Another restraining factor for veterinary medicine industry is COVID-19. COVID-19 pandemic greatly affected the market growth as these industries asked to limit the animal patient care to intensely sick animals. Rising awareness among pet owners about animal health increases the chance for the market to grow.
North America dominates the market due to the prevalence of favourable government policies and rising initiatives to improve animal health, whereas the Asia-Pacific region is expected to grow at the fastest rate from 2024 to 2030 due to the expansion of manufacturing facilities and livestock vaccination.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 29.2 billion |
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Market CAGR |
12.4% |
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By Product Type |
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By Animal Type |
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By End User |
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By Region |
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The veterinary medicine market size was valued at US$ 29.2 billion in 2023 and is anticipated to grow at a CAGR of 7.4% from 2024-2030.
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).
Animal Type, Product, Distribution Channel
| 1.Executive Summary |
| 2.Global Veterinary Medicine Market Introduction |
| 2.1.Global Veterinary Medicine Market - Taxonomy |
| 2.2.Global Veterinary Medicine Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Animal Type |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Veterinary Medicine Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Veterinary Medicine Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Veterinary Medicine Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Vaccine |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Pharmaceuticals |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Medicated Feed Additives |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Veterinary Medicine Market By Animal Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Production |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Companion |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Veterinary Medicine Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Reference Laboratories |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Point-of-care testing/In-house testing |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Veterinary Hospitals & Clinics |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global Veterinary Medicine Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Veterinary Medicine Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Vaccine |
| 9.1.2.Pharmaceuticals |
| 9.1.3.Medicated Feed Additives |
| 9.2. Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Production |
| 9.2.2.Companion |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Reference Laboratories |
| 9.3.2.Point-of-care testing/In-house testing |
| 9.3.3.Veterinary Hospitals & Clinics |
| 9.3.4.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Veterinary Medicine Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Vaccine |
| 10.1.2.Pharmaceuticals |
| 10.1.3.Medicated Feed Additives |
| 10.2. Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Production |
| 10.2.2.Companion |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Reference Laboratories |
| 10.3.2.Point-of-care testing/In-house testing |
| 10.3.3.Veterinary Hospitals & Clinics |
| 10.3.4.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Veterinary Medicine Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Vaccine |
| 11.1.2.Pharmaceuticals |
| 11.1.3.Medicated Feed Additives |
| 11.2. Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Production |
| 11.2.2.Companion |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Reference Laboratories |
| 11.3.2.Point-of-care testing/In-house testing |
| 11.3.3.Veterinary Hospitals & Clinics |
| 11.3.4.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Veterinary Medicine Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Vaccine |
| 12.1.2.Pharmaceuticals |
| 12.1.3.Medicated Feed Additives |
| 12.2. Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Production |
| 12.2.2.Companion |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Reference Laboratories |
| 12.3.2.Point-of-care testing/In-house testing |
| 12.3.3.Veterinary Hospitals & Clinics |
| 12.3.4.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Veterinary Medicine Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Vaccine |
| 13.1.2.Pharmaceuticals |
| 13.1.3.Medicated Feed Additives |
| 13.2. Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Production |
| 13.2.2.Companion |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Reference Laboratories |
| 13.3.2.Point-of-care testing/In-house testing |
| 13.3.3.Veterinary Hospitals & Clinics |
| 13.3.4.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Merck Animal Health |
| 14.2.2.Ceva Sante Animale |
| 14.2.3.Zoetis |
| 14.2.4.Boehringer Ingelheim GmbH |
| 14.2.5.Elanco |
| 14.2.6.Nutreco N.V. |
| 14.2.7.Virbac |
| 14.2.8.Kindred Biosciences |
| 14.2.9.Biogenesis Bago |
| 14.2.10.Indian Immunologicals |
| 14.2.11.Hester Biosciences |
| 14.2.12.Phibro Animal Health |
| 14.2.13.China Animal Husbandry Co. Ltd |
| 14.2.14.Dechra Pharmaceuticals PLC |
| 14.2.15.Neogen Corporation |
| 14.2.16.Sanofi |
| 14.2.17.Vetoquinol |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.