The global veterinary therapeutics market is expected to grow from USD 35 billion in 2019 to USD 54.95 billion by 2027, at a CAGR of 5.8% during the forecast period 2020-2027.
A medical science that deals with animal health protection, prevention, alleviation, and remedy of diseases is called as Veterinary Therapeutics. Advances in veterinary therapeutics is due to advancement in technology and R&D activities. Veterinary therapeutics deals with the study of both companion as well as wild animals. It includes various approaches, including biological, nutrition products, and pharmaceuticals. Veterinary therapeutics also comprises of drugs that are used for the prevention of many diseases, healing of equine diseases, and prevention of equine from various pathological conditions.
The factors driving the growth of the market are rising clinical animal researches to treat disease and related disorder, increased research and development investment in animal health, increase in ownership of companion animal and introduction & development of new drugs. The growing focus on improving the overall wellness of animals, rise in number of pet animals worldwide, significant progress in developing new vaccines, advancement in medical capabilities pertaining to the treatment of animals, and discovery of further medication to curb the occurrence of new diseases is essential factor driving the market. The factor hampering the growth of the market is the higher cost of animal treatment.
This study delivers a comprehensive analysis of type, product type, end-use, and region. The type segment includes livestock and companion animals. The companion animal segment is expected to grow due to increasing livestock and increasing ownership of companion animals. The product type segment includes drugs and vaccines. The vaccines market is expected to show a significant growth due to the rising pet adoption rate, the prevalence of zoonotic diseases and infections, increased expenditure on animal health, the growing pool of veterinarians, increasing animal health awareness and a large number of clinics and hospitals propels the market growth. The end-user segment includes veterinary clinics, drug stores, veterinary hospitals, and pharmacies. The veterinary hospital segment holds the largest number of shares, due to veterinary hospitals being the only solutions for the treatment of pets and other animals. Veterinary clinics holds the second-largest shares, owing to increasing clinics with cost-effective treatment. Drug stores segment is anticipated to grow in the future.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The market for veterinary therapeutics is dominated by North America, owing to continuous developments in veterinary therapeutics, an increasing number of companion pets, and favourable government regulations. Increasing expenditure on the well-being of pets is the factor dominating the market in Europe. The market in the Asia-Pacific region is expected to show significant growth due to Ñ–nÑrеаѕіng аdорtіоn of fееd аddÑ–tÑ–vеѕ аmоng rural fаrmеrÑ• and development of cost-effective vaccines for pets. Adoption of pets in China is anticipated to dominate the market in the Asia-Pacific region. Market in Latin-America and the Middle East and Africa is expected to show growth.
Some of the notable players in the market are Merck Animal Health, Elanco Animal Health, Dechra Pharmaceuticals PLC, Biovac, Vetoquinol S.A., The Chanelle Group, Boehringer Ingelheim GmbH, Zoetis, Inc., Virbac, ImmuCell Corporation, and Ceva Santé Animale.
Veterinary Therapeutics Market, By Animal Type
Veterinary Therapeutics Market, Product Type
Veterinary Therapeutics Market, By End Use
Veterinary Therapeutics Market, By Region
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By Animal Type
4.3.3. Market Attractiveness Analysis By End Use
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restraints
5.4. Opportunities
5.5. Challenges
6. Global Veterinary Therapeutics Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Drugs
6.3. Vaccines
7. Global Veterinary Therapeutics Market Analysis and Forecast, By Animal Type
7.1. Segment Overview
7.2. Livestock Animal
7.3. Companion Animal
8. Global Veterinary Therapeutics Market Analysis and Forecast, By End Use
8.1. Segment Overview
8.2. Veterinary Clinics
8.3. Drug Stores
8.4. Veterinary Hospitals
8.5. Pharmacies
9. Global Veterinary Therapeutics Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Veterinary Therapeutics Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Veterinary Therapeutics Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Merck Animal Health
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Elanco Animal Health
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Dechra Pharmaceuticals PLC
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Biovac
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Vetoquinol S.A.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. The Chanelle Group
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Boehringer Ingelheim GmbH
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Zoetis, Inc.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Virbac
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. ImmuCell Corporation
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Ceva Santé Animale
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
List of Table
1. Global Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
2. Global Drugs In Veterinary Therapeutics Market, By Region, 2017–2027(USD Billion)
3. Global Vaccines In Veterinary Therapeutics Market, By Region, 2017–2027(USD Billion)
4. Global Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
5. Global Livestock Animal Veterinary Therapeutics Market, By Region, 2017–2027(USD Billion)
6. Global Companion Animal Veterinary Therapeutics Market, By Region, 2017–2027(USD Billion)
7. Global Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
8. Global Veterinary Clinics Veterinary Therapeutics Market, By Region, 2017–2027(USD Billion)
9. Global Drug Stores Veterinary Therapeutics Market, By Region, 2017–2027 (USD Billion)
10. Global Veterinary Hospitals Veterinary Therapeutics Market, By Region, 2017–2027 (USD Billion)
11. Global Veterinary Therapeutics Market, By Region, 2017–2027(USD Billion)
12. Global Veterinary Therapeutics Market, By North America, 2017–2027(USD Billion)
13. North America Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
14. North America Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
15. North America Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
16. U.S. Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
17. U.S. Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
18. U.S. Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
19. Canada Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
20. Canada Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
21. Canada Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
22. Mexico Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
23. Mexico Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
24. Mexico Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
25. Europe Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
26. Europe Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
27. Europe Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
28. Germany Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
29. Germany Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
30. Germany Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
31. France Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
32. France Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
33. France Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
34. U.K. Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
35. U.K. Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
36. U.K. Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
37. Italy Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
38. Italy Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
39. Italy Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
40. Spain Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
41. Spain Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
42. Spain Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
43. Asia Pacific Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
44. Asia Pacific Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
45. Asia Pacific Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
46. Japan Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
47. Japan Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
48. Japan Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
49. China Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
50. China Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
51. China Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
52. India Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
53. India Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
54. India Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
55. South America Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
56. South America Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
57. South America Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
58. Brazil Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
59. Brazil Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
60. Brazil Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
61. Middle East and Africa Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
62. Middle East and Africa Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
63. Middle East Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
64. UAE Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
65. UAE Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
66. UAE Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
67. South Africa Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)
68. South Africa Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)
69. South Africa Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)
List of Figures
1. Global Veterinary Therapeutics Market Segmentation
2. Veterinary Therapeutics Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Veterinary Therapeutics Market Attractiveness Analysis By Product Type
9. Global Veterinary Therapeutics Market Attractiveness Analysis By Animal Type
10. Global Veterinary Therapeutics Market Attractiveness Analysis By End Use
11. Global Veterinary Therapeutics Market Attractiveness Analysis By Region
12. Global Veterinary Therapeutics Market: Dynamics
13. Global Veterinary Therapeutics Market Share By Product Type (2019 & 2027)
14. Global Veterinary Therapeutics Market Share By Animal Type (2019 & 2027)
15. Global Veterinary Therapeutics Market Share By End Use (2019 & 2027)
16. Global Veterinary Therapeutics Market Share by Regions (2019 & 2027)
17. Global Veterinary Therapeutics Market Share by Company (2019)
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