South Korea Veterinary Medicine Market to 2032
Overview
The South Korea Veterinary Medicine Market is expected to reach a 1,210.21 USD Million by 2032 and is projected to grow at a CAGR of 7.75% from 2025 to 2032.
Revenue, 2024 (USD Million)
668.36
Forecast, 2032 (USD Million)
1,210.21
CAGR, 2024 - 2032
7.75%
Report Coverage
South Korea
South Korea Veterinary Medicine Market 2018-2032 USD Million
South Korea Veterinary Medicine Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 668.36 USD Million
- Projected Market Size (2032): 1,210.21 USD Million
- CAGR (2025-2032): 7.75%
Key Findings of South Korea Veterinary Medicine Market
- The South Korea Veterinary Medicine Market was valued at 668.36 USD Million in 2024.
- The South Korea Veterinary Medicine Market is likely to grow at a CAGR of 7.75% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Therapeutics in Type Segment accounted for the largest share of the market with a revenue of 434.48 USD Million
- The fastest growing segment Animal Cancer in Application Segment grew Fastest with a CAGR of 9.57% during the forecast period from 2024 to 2032.
South Korea Veterinary Medicine Market Scope
South Korea Veterinary Medicine Market Segmentation & Scope
End User
- Others
- Point-of-Care Testing/In-House Testing
- Academic and Research Institute
- Reference Laboratories
- Animal and Veterinary Farms
- Veterinary Clinics
- Veterinary Hospitals
Animal Type
- Production Animal
- Companion Animals
Distribution Channel
- Others
- Direct Tender
- Retail Sales
Application
- Bluetongue
- Autoimmune Diseases
- Foot and Mouth Disease
- Animal Cancer
- Others
- Heminthes Infection
- Canine Atopic Dermatitis
- Bacterial Diseases
Type
- Diagnostics
- Therapeutics
South Korea Veterinary Medicine Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 668.36 USD Million |
| Market Value in 2032 | 1,210.21 USD Million |
| CAGR (2025-2032) | 7.75% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End User,Animal Type,Distribution Channel,Application,Type |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 668.36 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 668.36 USD Million in 2024.
Segments and Scope
-
South Korea Veterinary Medicine Market to 2032, By End User
- Veterinary Hospitals is the largest segment in South Korea Veterinary Medicine Market to 2032 with a revenue of 204.32 USD Million in the year 2024.
- Point-of-Care Testing/In-House Testing is the Fastest growing segment in South Korea Veterinary Medicine Market to 2032 with a Growth rate of 7.88 % in forecast period 2025-2032.
-
South Korea Veterinary Medicine Market to 2032, By Animal Type
- Companion Animals is the largest segment in South Korea Veterinary Medicine Market to 2032 with a revenue of 383.27 USD Million in the year 2024.
- Companion Animals is the Fastest growing segment in South Korea Veterinary Medicine Market to 2032 with a Growth rate of 8.39 % in forecast period 2025-2032.
-
South Korea Veterinary Medicine Market to 2032, By Distribution Channel
- Retail Sales is the largest segment in South Korea Veterinary Medicine Market to 2032 with a revenue of 428.76 USD Million in the year 2024.
- Retail Sales is the Fastest growing segment in South Korea Veterinary Medicine Market to 2032 with a Growth rate of 7.99 % in forecast period 2025-2032.
-
South Korea Veterinary Medicine Market to 2032, By Application
- Bacterial Diseases is the largest segment in South Korea Veterinary Medicine Market to 2032 with a revenue of 181.68 USD Million in the year 2024.
- Animal Cancer is the Fastest growing segment in South Korea Veterinary Medicine Market to 2032 with a Growth rate of 8.40 % in forecast period 2025-2032.
-
South Korea Veterinary Medicine Market to 2032, By Type
- Therapeutics is the largest segment in South Korea Veterinary Medicine Market to 2032 with a revenue of 434.48 USD Million in the year 2024.
- Diagnostics is the Fastest growing segment in South Korea Veterinary Medicine Market to 2032 with a Growth rate of 7.43 % in forecast period 2025-2032.
South Korea Veterinary Medicine Market Company Share Analysis
| Company Name |
|
||
| Merck & Co., Inc. | |||
| IDEXX Laboratories, Inc. | |||
| Zoetis Services LLC | |||
| Boehringer Ingelheim International GmbH | |||
| Elanco or its affiliates | |||
South Korea Veterinary Medicine Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Veterinary Medicine Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Veterinary Medicine Market is segmented based on Segmentation End User,Animal Type,Distribution Channel,Application,Type.
South Korea Veterinary Medicine Market was valued at USD 668.36(Revenue in USD Million) in 2024.
South Korea Veterinary Medicine Market is projected to grow at a CAGR of 7.75% during the forecast period of 2024 to 2032.
The Therapeutics segment is expected to dominate the South Korea Veterinary Medicine Market, holding a largest market share of 434.48 USD Million in 2024
South Korea Veterinary Medicine Market Scope
South Korea Veterinary Medicine Market Segmentation & Scope
End User
- Others
- Point-of-Care Testing/In-House Testing
- Academic and Research Institute
- Reference Laboratories
- Animal and Veterinary Farms
- Veterinary Clinics
- Veterinary Hospitals
Animal Type
- Production Animal
- Companion Animals
Distribution Channel
- Others
- Direct Tender
- Retail Sales
Application
- Bluetongue
- Autoimmune Diseases
- Foot and Mouth Disease
- Animal Cancer
- Others
- Heminthes Infection
- Canine Atopic Dermatitis
- Bacterial Diseases
Type
- Diagnostics
- Therapeutics
Frequently Asked Questions
The South Korea Veterinary Medicine Market is segmented based on Segmentation End User,Animal Type,Distribution Channel,Application,Type.
South Korea Veterinary Medicine Market was valued at USD 668.36(Revenue in USD Million) in 2024.
South Korea Veterinary Medicine Market is projected to grow at a CAGR of 7.75% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Veterinary Medicine Market for final year is USD 1,210.21 (USD Million).
South Korea Veterinary Medicine Market Company Profiling
Frequently Asked Questions
The South Korea Veterinary Medicine Market is segmented based on Segmentation End User,Animal Type,Distribution Channel,Application,Type.
South Korea Veterinary Medicine Market was valued at USD 668.36(Revenue in USD Million) in 2024.
South Korea Veterinary Medicine Market is projected to grow at a CAGR of 7.75% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Veterinary Medicine Market for final year is USD 1,210.21 (USD Million).
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