PUBLISHER: IMARC | PRODUCT CODE: 1298823
PUBLISHER: IMARC | PRODUCT CODE: 1298823
Veterinary Healthcare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global veterinary healthcare market size reached US$ 40.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 64.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.75% during 2023-2028.
Veterinary healthcare refers to a subset of science that deals with the diagnosis, treatment, and prevention of various diseases in animals to expand their lifespan. It involves several services, including regular monitoring of animal health and deployment of medicated animal feeds, diagnostic products, drugs, and vaccines for limiting the spread of zoonotic diseases amidst animals and people. These amenities are extensively provided by the sole traders, pharmacies, veterinary hospitals, clinics, and laboratory testing services. At present, veterinary healthcare facilities are available for both companions and livestock animals.
Veterinary Healthcare Market Trends:
The global veterinary healthcare market is majorly being driven by the increasing prevalence of various zoonotic, food-borne, and chronic diseases, such as cancer, especially amongst cats and dogs. This is further supported by the emerging trend of pet humanization and the increasing concerns of pet owners toward animal health, which, in turn, is facilitating the demand for preventive and more sophisticated veterinary services and therapeutic and diagnostics treatments. In line with this, significant technological advancements, such as the introduction of veterinary health information systems for efficient data management, is acting as another growth-inducing factor. These devices assist in diagnosing animal health, facilitating real-time analysis of disease fluctuations, recording information on cloud-based platforms, and sharing essential veterinary clinic-generated data with clinicians and researchers directly through the internet. Moreover, the availability of favorable medical reimbursement policies and the extensive investments by the governments of various countries for implementing animal vaccination programs is contributing to the market growth. Apart from this, strategic collaborations amongst key players to launch various veterinary health products in distinctive flavors and taste, along with their easy availability across different online and offline distribution channels are further stimulating the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global veterinary healthcare market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, animal type and end user.
Breakup by Product:
Therapeutics
Vaccines
Parasiticides
Anti-Infectives
Medical Feed Additives
Others
Diagnostics
Immunodiagnostic Tests
Molecular Diagnostics
Diagnostic Imaging
Clinical Chemistry
Others
Breakup by Animal Type:
Dogs and Cats
Horses
Ruminants
Swine
Poultry
Others
Breakup by End User:
Veterinary Hospitals
Veterinary Clinics
Veterinary Laboratory Testing Services
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Animalcare Group plc, Boehringer Ingelheim International GmbH (C. H. Boehringer Sohn AG & Co. KG), Ceva Animal Health LLC, Dechra Pharmaceuticals PLC, Elanco Animal Health Incorporated, Heska Corporation, IDEXX Laboratories Inc., INDICAL Bioscience GmbH (Vimian Group), Merck & Co. Inc., Norbrook Laboratories Ltd, Vetoquinol India Animal Health Pvt Ltd (Vetoquinol S.A.), Virbac and Zoetis Inc. (Pfizer Inc.).
Key Questions Answered in This Report:
- How has the global veterinary healthcare market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global veterinary healthcare market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the animal type?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global veterinary healthcare market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Veterinary Healthcare Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Therapeutics
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Vaccines
- 6.1.2.2 Parasiticides
- 6.1.2.3 Anti-Infectives
- 6.1.2.4 Medical Feed Additives
- 6.1.2.5 Others
- 6.1.3 Market Forecast
- 6.2 Diagnostics
- 6.2.1 Market Trends
- 6.2.2 Key segments
- 6.2.2.1 Immunodiagnostic Tests
- 6.2.2.2 Molecular Diagnostics
- 6.2.2.3 Diagnostic Imaging
- 6.2.2.4 Clinical Chemistry
- 6.2.2.5 Others
- 6.2.3 Market Forecast
7 Market Breakup by Animal Type
- 7.1 Dogs and Cats
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Horses
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Ruminants
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Swine
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Poultry
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by End User
- 8.1 Veterinary Hospitals
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Veterinary Clinics
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Veterinary Laboratory Testing Services
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Animalcare Group plc
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Boehringer Ingelheim International GmbH (C. H. Boehringer Sohn AG & Co. KG)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Ceva Animal Health LLC
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Dechra Pharmaceuticals PLC
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Elanco Animal Health Incorporated
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Heska Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 IDEXX Laboratories Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 INDICAL Bioscience GmbH (Vimian Group)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Merck & Co. Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Norbrook Laboratories Ltd
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Vetoquinol India Animal Health Pvt Ltd (Vetoquinol S.A.)
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Virbac
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.13 Zoetis Inc. (Pfizer Inc.)
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis
- 14.3.1 Animalcare Group plc
List of Figures
- Figure 1: Global: Veterinary Healthcare Market: Major Drivers and Challenges
- Figure 2: Global: Veterinary Healthcare Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Veterinary Healthcare Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Veterinary Healthcare Market: Breakup by Product (in %), 2022
- Figure 5: Global: Veterinary Healthcare Market: Breakup by Animal Type (in %), 2022
- Figure 6: Global: Veterinary Healthcare Market: Breakup by End User (in %), 2022
- Figure 7: Global: Veterinary Healthcare Market: Breakup by Region (in %), 2022
- Figure 8: Global: Veterinary Healthcare (Therapeutics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Veterinary Healthcare (Therapeutics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Veterinary Healthcare (Diagnostics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Veterinary Healthcare (Diagnostics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Veterinary Healthcare (Dogs and Cats) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Veterinary Healthcare (Dogs and Cats) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Veterinary Healthcare (Horses) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Veterinary Healthcare (Horses) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Veterinary Healthcare (Ruminants) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Veterinary Healthcare (Ruminants) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Veterinary Healthcare (Swine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Veterinary Healthcare (Swine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Veterinary Healthcare (Poultry) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Veterinary Healthcare (Poultry) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Veterinary Healthcare (Other Animal Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Veterinary Healthcare (Other Animal Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Veterinary Healthcare (Veterinary Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Veterinary Healthcare (Veterinary Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Veterinary Healthcare (Veterinary Clinics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Veterinary Healthcare (Veterinary Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Veterinary Healthcare (Veterinary Laboratory Testing Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Veterinary Healthcare (Veterinary Laboratory Testing Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Veterinary Healthcare (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Veterinary Healthcare (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: North America: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: North America: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: United States: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: United States: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Canada: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Canada: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Asia-Pacific: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Asia-Pacific: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: China: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: China: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Japan: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Japan: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: India: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: India: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: South Korea: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: South Korea: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Australia: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Australia: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Indonesia: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Indonesia: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Others: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Others: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Europe: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Europe: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Germany: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Germany: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: France: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: France: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: United Kingdom: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: United Kingdom: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Italy: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Italy: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Spain: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Spain: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Russia: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Russia: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Latin America: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Latin America: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Brazil: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Brazil: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Mexico: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Mexico: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Others: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Others: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Middle East and Africa: Veterinary Healthcare Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Middle East and Africa: Veterinary Healthcare Market: Breakup by Country (in %), 2022
- Figure 80: Middle East and Africa: Veterinary Healthcare Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Global: Veterinary Healthcare Industry: SWOT Analysis
- Figure 82: Global: Veterinary Healthcare Industry: Value Chain Analysis
- Figure 83: Global: Veterinary Healthcare Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Veterinary Healthcare Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Veterinary Healthcare Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Veterinary Healthcare Market Forecast: Breakup by Animal Type (in Million US$), 2023-2028
- Table 4: Global: Veterinary Healthcare Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Veterinary Healthcare Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Veterinary Healthcare Market: Competitive Structure
- Table 7: Global: Veterinary Healthcare Market: Key Players
