Summary
The global Veterinary Medicine Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Veterinary medicine is an entire branch of veterinary medicine which deals mainly with the diagnosis, prevention, treatment, and management of illness, disease, and injury in domestic animals. In addition to this, it also involves animal rearing, veterinary science, husbandry, feeding, and product manufacture. These days, there are more options available when it comes to veterinary medicine. Veterinary medicine includes general veterinary medicine, emergency veterinary medicine, critical care veterinary medicine, pediatric veterinary medicine, cosmetic veterinary medicine, infertility veterinary medicine, orthopedic veterinary medicine, and pediatrician veterinary medicine.
Increasing global livestock population is augmenting the growth of the veterinary medicine market. According to the United States Department of Agriculture, there were around 103.0 million cattle and 32.1 million beef cows in the U.S. as of July 2020 and are expected to grow substantially in coming years. Moreover, the growing prevalence of zoonotic diseases is driving the growth of the veterinary medicine market. According to the World Health Organization, today, 60% of emerging infectious diseases in humans are zoonotic. Increasing pet adoption rate and growing consumption of meat are again uplifting the growth of the market. According to the Department of Agriculture, Water, and the Environment, global meat consumption increased by 58% over the 20 years to 2018 to reach 360 million tons. Population growth accounted for 54% of this increase and per person consumption growth accounted for the remainder.
Asia Pacific is expected to gain significant growth over the forecast period and this is attributed to the increasing livestock population in the region. According to the India Brand Equity Foundation, India has the largest livestock population of around 535.78 million, which translates to around 31% of the world population. Milk production in the country is expected to increase to 208 MT in FY21 from 198 MT in FY20, registering a growth of 10% y-o-y.
Key Developments:
- In December 2020, SeQuent Scientific Ltd announced the launch of veterinary medicine Halofusol in 19 European countries
- In July 2020, Boehringer Ingelheim announced the launch of two new products in their animal healthcare portfolio for the Indian market. The two products – NexGard and Broadline provide comprehensive parasite treatment for dogs and cats, respectively
- In February 2020, Bimeda Ireland has announce the launch of two new products to their veterinary medicine rang. Keytil is licensed for use in cattle under 330 kg live weight and Dexashot is a second product licensed for use in cattle, horses, pigs, dogs, and cats
The Veterinary Medicine Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST, and Porter’s Five Forces analyses of the Veterinary Medicine Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Boehringer Ingelheim
- Zoetis
- Elanco Animal Health
- Bayer Animal Health
- Merck Animal Health
- Virbac
- Dechra Veterinary Products
- Ceva
- Vetoquinol
- Meiji
- Ouro Fino Saude
- Animalcare Group
- Parnell
By Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- Companion Animals
- Livestock Animals
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
The objective of the Veterinary Medicine Market Report:
- To assess the size of the market by value and volume
- Analyze the Veterinary Medicine Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Veterinary Medicine Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state–of–the–art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Veterinary Medicine Market
The Veterinary Medicine Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Veterinary Medicine Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Contents
Veterinary Medicine Market Report by Company, Regions, Types and Applications, Global Status and Forecast to 2025
1 Industry Overview of Veterinary Medicine
1.1 Veterinary Medicine Market Overview
1.1.1 Veterinary Medicine Product Scope
1.1.2 Market Status and Outlook
1.2 Global Veterinary Medicine Market Size and Analysis by Regions
1.2.1 North America
1.2.2 Europe
1.2.3 China
1.2.4 Rest of Asia Pacific
1.2.5 Central & South America
1.2.6 Middle East & Africa
1.3 Veterinary Medicine Market by Type
1.3.1 Global Veterinary Medicine Revenue (Million US$) and Growth Comparison by Type (2014-2025)
1.3.2 Global Veterinary Medicine Revenue Market Share by Type in 2018
1.3.3 Oral
1.3.4 Injection
1.3.5 Other
1.4 Veterinary Medicine Market by End Users/Application
1.4.1 Companion Animals
1.4.2 Livestock Animals
2 Global Veterinary Medicine Competition Analysis by Players
2.1 Global Veterinary Medicine Market Size (Million US$) by Players (2014-2019)
2.2 Competitive Status
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 Mergers & Acquisitions, Expansion Plans
3 Company (Top Players) Profiles and Key Data
3.1 Boehringer Ingelheim
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Veterinary Medicine Revenue (Value) (2014-2019)
3.1.5 Recent Developments
3.2 Zoetis
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Veterinary Medicine Revenue (Value) (2014-2019)
3.2.5 Recent Developments
3.3 Elanco Animal Health
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Veterinary Medicine Revenue (Value) (2014-2019)
3.3.5 Recent Developments
3.4 Bayer Animal Health
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Veterinary Medicine Revenue (Value) (2014-2019)
3.4.5 Recent Developments
3.5 Merck Animal Health
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Veterinary Medicine Revenue (Value) (2014-2019)
3.5.5 Recent Developments
3.6 Virbac
3.6.1 Company Profile
3.6.2 Main Business/Business Overview
3.6.3 Products, Services and Solutions
3.6.4 Veterinary Medicine Revenue (Value) (2014-2019)
3.6.5 Recent Developments
3.7 Dechra Veterinary Products
3.7.1 Company Profile
3.7.2 Main Business/Business Overview
3.7.3 Products, Services and Solutions
3.7.4 Veterinary Medicine Revenue (Value) (2014-2019)
3.7.5 Recent Developments
3.8 Ceva
3.8.1 Company Profile
3.8.2 Main Business/Business Overview
3.8.3 Products, Services and Solutions
3.8.4 Veterinary Medicine Revenue (Value) (2014-2019)
3.8.5 Recent Developments
3.9 Vetoquinol
3.9.1 Company Profile
3.9.2 Main Business/Business Overview
3.9.3 Products, Services and Solutions
3.9.4 Veterinary Medicine Revenue (Value) (2014-2019)
3.9.5 Recent Developments
3.10 Meiji
3.10.1 Company Profile
3.10.2 Main Business/Business Overview
3.10.3 Products, Services and Solutions
3.10.4 Veterinary Medicine Revenue (Value) (2014-2019)
3.10.5 Recent Developments
3.11 Ouro Fino Saude
3.12 Animalcare Group
3.13 Parnell
4 Global Veterinary Medicine Market Size by Type and Application (2014-2019)
4.1 Global Veterinary Medicine Market Size by Type (2014-2019)
4.2 Global Veterinary Medicine Market Size by Application (2014-2019)
4.3 Potential Application of Veterinary Medicine in Future
4.4 Top Consumer/End Users of Veterinary Medicine
5 North America Veterinary Medicine Development Status and Outlook
5.1 North America Veterinary Medicine Market Size (2014-2019)
5.2 North America Veterinary Medicine Market Size and Market Share by Players (2014-2019)
5.3 North America Veterinary Medicine Market Size by Application (2014-2019)
6 Europe Veterinary Medicine Development Status and Outlook
6.1 Europe Veterinary Medicine Market Size (2014-2019)
6.2 Europe Veterinary Medicine Market Size and Market Share by Players (2014-2019)
6.3 Europe Veterinary Medicine Market Size by Application (2014-2019)
7 China Veterinary Medicine Development Status and Outlook
7.1 China Veterinary Medicine Market Size (2014-2019)
7.2 China Veterinary Medicine Market Size and Market Share by Players (2014-2019)
7.3 China Veterinary Medicine Market Size by Application (2014-2019)
8 Rest of Asia Pacific Veterinary Medicine Development Status and Outlook
8.1 Rest of Asia Pacific Veterinary Medicine Market Size (2014-2019)
8.2 Rest of Asia Pacific Veterinary Medicine Market Size and Market Share by Players (2014-2019)
8.3 Rest of Asia Pacific Veterinary Medicine Market Size by Application (2014-2019)
9 Central & South America Veterinary Medicine Development Status and Outlook
9.1 Central & South America Veterinary Medicine Market Size (2014-2019)
9.2 Central & South America Veterinary Medicine Market Size and Market Share by Players (2014-2019)
9.3 Central & South America Veterinary Medicine Market Size by Application (2014-2019)
10 Middle East & Africa Veterinary Medicine Development Status and Outlook
10.1 Middle East & Africa Veterinary Medicine Market Size (2014-2019)
10.2 Middle East & Africa Veterinary Medicine Market Size and Market Share by Players (2014-2019)
10.3 Middle East & Africa Veterinary Medicine Market Size by Application (2014-2019)
11 Market Forecast by Regions and Application (2019-2025)
11.1 Global Veterinary Medicine Market Size by Regions (2019-2025)
11.1.1 North America Veterinary Medicine Revenue and Growth Rate (2019-2025)
11.1.2 Europe Veterinary Medicine Revenue and Growth Rate (2019-2025)
11.1.3 China Veterinary Medicine Revenue and Growth Rate (2019-2025)
11.1.4 Rest of Asia Pacific Veterinary Medicine Revenue and Growth Rate (2019-2025)
11.1.5 Central & South America Veterinary Medicine Revenue and Growth Rate (2019-2025)
11.1.6 Middle East & Africa Veterinary Medicine Revenue and Growth Rate (2019-2025)
11.2 Global Veterinary Medicine Market Size by Application (2019-2025)
11.3 The Market Drivers in Future
12 Veterinary Medicine Market Dynamics
12.1 Industry Trends
12.2 Market Drivers
12.3 Market Challenges
12.4 Porters Five Forces Analysis
13 Research Finding /Conclusion
14 Methodology and Data Source
14.1 Methodology/Research Approach
14.1.1 Research Programs/Design
14.1.2 Market Size Estimation
14.1.3 Market Breakdown and Data Triangulation
14.2 Data Source
14.2.1 Secondary Sources
14.2.2 Primary Sources
14.3 Disclaimer
14.4 Author List
List of Table
List of Tables and Figures
Figure Global Veterinary Medicine Market Size (Million USD) Status and Outlook (2014-2025)
Table Global Veterinary Medicine Market Size (Million USD) and Growth Rate by Regions (2014-2025)
Figure Global Veterinary Medicine Market Share by Regions (2014-2019)
Figure North America Veterinary Medicine Market Size (Million USD) and Growth Rate (2014-2019)
Figure Europe Veterinary Medicine Market Size (Million USD) and Growth Rate (2014-2019)
Figure China Veterinary Medicine Market Size (Million USD) and Growth Rate (2014-2019)
Figure Rest of Asia Pacific Veterinary Medicine Market Size (Million USD) and Growth Rate (2014-2019)
Figure Central & South America Veterinary Medicine Market Size (Million USD) and Growth Rate (2014-2019)
Figure Middle East & Africa Veterinary Medicine Market Size (Million USD) and Growth Rate (2014-2019)
Figure Global Veterinary Medicine Market Share by Type in 2018 & 2025
Figure Oral Market Size (Million USD) and Growth Rate (2014-2019)
Figure Injection Market Size (Million USD) and Growth Rate (2014-2019)
Figure Other Market Size (Million USD) and Growth Rate (2014-2019)
Table Global Veterinary Medicine Market Size (Million US$) Comparison by Application (2014-2025)
Figure Global Veterinary Medicine Market Share by Application in 2018 & 2025
Figure Veterinary Medicine Market Size (Million USD) and Growth Rate in Companion Animals (2014-2019)
Figure Veterinary Medicine Market Size (Million USD) and Growth Rate in Livestock Animals (2014-2019)
Table Global Veterinary Medicine Revenue (Million US$) by Players (2014-2019)
Table Global Veterinary Medicine Revenue Market Share by Players (2014-2019)
Eigure Veterinary Medicine Market Size Share by Players in 2018
Table Global Veterinary Medicine Manufacturers Market Concentration Ratio (CR5 and HHI)
Figure Global Top 5 Players Veterinary Medicine Market Share in 2018
Figure Global Top 10 Players Veterinary Medicine Market Share in 2018
Table Veterinary Medicine Key Players Product/Service
Table Mergers & Acquisitions, Expansion Plans
Table Boehringer Ingelheim Basic Information List
Table Boehringer Ingelheim Description and Business Overview
Table Boehringer Ingelheim Veterinary Medicine Products, Services and Solutions
Table Revenue (Million US$) in Veterinary Medicine Business of Boehringer Ingelheim (2014-2019)
Table Boehringer Ingelheim Veterinary Medicine Recent Developments
Table Zoetis Basic Information List
Table Zoetis Description and Business Overview
Table Zoetis Veterinary Medicine Products, Services and Solutions
Table Revenue (Million US$) in Veterinary Medicine Business of Zoetis (2014-2019)
Table Zoetis Veterinary Medicine Recent Developments
Table Elanco Animal Health Basic Information List
Table Elanco Animal Health Description and Business Overview
Table Elanco Animal Health Veterinary Medicine Products, Services and Solutions
Table Revenue (Million US$) in Veterinary Medicine Business of Elanco Animal Health (2014-2019)
Table Elanco Animal Health Veterinary Medicine Recent Developments
Table Bayer Animal Health Basic Information List
Table Bayer Animal Health Description and Business Overview
Table Bayer Animal Health Veterinary Medicine Products, Services and Solutions
Table Revenue (Million US$) in Veterinary Medicine Business of Bayer Animal Health (2014-2019)
Table Bayer Animal Health Veterinary Medicine Recent Developments
Table Merck Animal Health Basic Information List
Table Merck Animal Health Description and Business Overview
Table Merck Animal Health Veterinary Medicine Products, Services and Solutions
Table Revenue (Million US$) in Veterinary Medicine Business of Merck Animal Health (2014-2019)
Table Merck Animal Health Veterinary Medicine Recent Developments
Table Virbac Basic Information List
Table Virbac Description and Business Overview
Table Virbac Veterinary Medicine Products, Services and Solutions
Table Revenue (Million US$) in Veterinary Medicine Business of Virbac (2014-2019)
Table Virbac Veterinary Medicine Recent Developments
Table Dechra Veterinary Products Basic Information List
Table Dechra Veterinary Products Description and Business Overview
Table Dechra Veterinary Products Veterinary Medicine Products, Services and Solutions
Table Revenue (Million US$) in Veterinary Medicine Business of Dechra Veterinary Products (2014-2019)
Table Dechra Veterinary Products Veterinary Medicine Recent Developments
Table Ceva Basic Information List
Table Ceva Description and Business Overview
Table Ceva Veterinary Medicine Products, Services and Solutions
Table Revenue (Million US$) in Veterinary Medicine Business of Ceva (2014-2019)
Table Ceva Veterinary Medicine Recent Developments
Table Vetoquinol Basic Information List
Table Vetoquinol Description and Business Overview
Table Vetoquinol Veterinary Medicine Products, Services and Solutions
Table Revenue (Million US$) in Veterinary Medicine Business of Vetoquinol (2014-2019)
Table Vetoquinol Veterinary Medicine Recent Developments
Table Meiji Basic Information List
Table Meiji Description and Business Overview
Table Meiji Veterinary Medicine Products, Services and Solutions
Table Revenue (Million US$) in Veterinary Medicine Business of Meiji (2014-2019)
Table Meiji Veterinary Medicine Recent Developments
Table Ouro Fino Saude Basic Information List
Table Animalcare Group Basic Information List
Table Parnell Basic Information List
Table Global Veterinary Medicine Market Size by Type (2014-2019) (Million US$)
Figure Global Veterinary Medicine Revenue Market Share by Type in 2018
Table Global Veterinary Medicine Market Size by Application (2014-2019) (Million US$)
Figure Global Veterinary Medicine Revenue Market by Application in 2018
Table Top Consumer/End Users of Veterinary Medicine
Figure North America Veterinary Medicine Market Size and Growth Rate(2014-2019) (Million USD)
Table North America Veterinary Medicine Market Size by Players (2014-2019)(Million US$)
Figure North America Veterinary Medicine Market Size Share by Players in 2018
Table North America Veterinary Medicine Market Size by Application (2014-2019) (Million US$)
Figure North America Veterinary Medicine Revenue Market Share by Application (2014-2019)
Figure North America Veterinary Medicine Market Size Share by Application in 2018
Figure Europe Veterinary Medicine Market Size and Growth Rate(2014-2019) (Million USD)
Table Europe Veterinary Medicine Market Size by Players (2014-2019)(Million US$)
Figure Europe Veterinary Medicine Market Size Share by Players in 2018
Table Europe Veterinary Medicine Market Size by Application (2014-2019) (Million US$)
Figure Europe Veterinary Medicine Revenue Market Share by Application (2014-2019)
Figure Europe Veterinary Medicine Market Size Share by Application in 2018
Figure China Veterinary Medicine Market Size and Growth Rate(2014-2019) (Million USD)
Table China Veterinary Medicine Market Size by Players (2014-2019)(Million US$)
Figure China Veterinary Medicine Market Size Share by Players in 2018
Table China Veterinary Medicine Market Size by Application (2014-2019) (Million US$)
Figure China Veterinary Medicine Revenue Market Share by Application (2014-2019)
Figure China Veterinary Medicine Market Size Share by Application in 2018
Figure Rest of Asia Pacific Veterinary Medicine Market Size and Growth Rate(2014-2019) (Million USD)
Table Rest of Asia Pacific Veterinary Medicine Market Size by Players (2014-2019)(Million US$)
Figure Rest of Asia Pacific Veterinary Medicine Market Size Share by Players in 2018
Table Rest of Asia Pacific Veterinary Medicine Market Size by Application (2014-2019) (Million US$)
Figure Rest of Asia Pacific Veterinary Medicine Revenue Market Share by Application (2014-2019)
Figure Rest of Asia Pacific Veterinary Medicine Market Size Share by Application in 2018
Figure Central & South America Veterinary Medicine Market Size and Growth Rate(2014-2019) (Million USD)
Table Central & South America Veterinary Medicine Market Size by Players (2014-2019)(Million US$)
Figure Central & South America Veterinary Medicine Market Size Share by Players in 2018
Table Central & South America Veterinary Medicine Market Size by Application (2014-2019) (Million US$)
Figure Central & South America Veterinary Medicine Revenue Market Share by Application (2014-2019)
Figure Central & South America Veterinary Medicine Market Size Share by Application in 2018
Figure Middle East & Africa Veterinary Medicine Market Size and Growth Rate(2014-2019) (Million USD)
Table Middle East & Africa Veterinary Medicine Market Size by Players (2014-2019)(Million US$)
Figure Middle East & Africa Veterinary Medicine Market Size Share by Players in 2018
Table Middle East & Africa Veterinary Medicine Market Size by Application (2014-2019) (Million US$)
Figure Middle East & Africa Veterinary Medicine Revenue Market Share by Application (2014-2019)
Figure Middle East & Africa Veterinary Medicine Market Size Share by Application in 2018
Figure Global Veterinary Medicine Market Size and Growth Rate (Value) (2019-2025) (Million US$)
Table Global Veterinary Medicine Market Size by Regions (2019-2025) (Million US$)
Figure Global Veterinary Medicine Market Size Share by Regions (2019-2025)
Figure Global Veterinary Medicine Market Size Share by Regions in 2025
Figure North America Veterinary Medicine Revenue (Million USD) and Growth Rate (2019-2025)
Figure Europe Veterinary Medicine Revenue (Million USD) and Growth Rate (2019-2025)
Figure China Veterinary Medicine Revenue (Million USD) and Growth Rate (2019-2025)
Figure Rest of Asia Pacific Veterinary Medicine Revenue (Million USD) and Growth Rate (2019-2025)
Figure Central & South America Veterinary Medicine Revenue (Million USD) and Growth Rate (2019-2025)
Figure Middle East & Africa Veterinary Medicine Revenue (Million USD) and Growth Rate (2019-2025)
Table Global Veterinary Medicine Market Size by Application (2019-2025) (Million USD)
Figure Global Veterinary Medicine Market Size by Application (2019-2025)
Figure Global Veterinary Medicine Market Size by Application in 2025
Table Global Veterinary Medicine Market Size by Type (2019-2025) (Million US$)
Figure Global Veterinary Medicine Market Size by Type (2019-2025)
Figure Global Veterinary Medicine Market Size by Type in 2025
Table Market Top Trends
Table Key Drivers: Impact Analysis (2019-2025)
Table Key Challenges
Figure Porter's Five Forces Analysis
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
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