Global Veterinary Medicine Market, By Product (Biologics, Pharmaceuticals, Medicated Feed Additives), Animal Type (Production, Companion), Mode of Delivery (Oral, Parenteral, Others), End-Use (Reference Laboratories, Point-of-Care Testing/In-House Testing, Veterinary Hospitals & Clinics, Others), Country (U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E,Kuwait, Israel,Egypt, Rest of Middle East and Africa), IndustryTrends and Forecast to 2027
Market Analysis and Insights: Global Veterinary Medicine Market
Veterinary medicine market is expected to reach a market value of USD 45.6 billion by 2027 whilegrowat a potential rate of 7.15% in the forecast period of 2020 to 2027. Growing number of pet adoption will help in the growth of the veterinary medicine market.
Increasing prevalence of veterinary professionals, growing demand of pet insurance, increasing initiatives by the government as well as private regarding animal health, rising consumption of meat and mandatory vaccinations, growing livestock population as well as pet ownership rates will likely to enhance the growth of the veterinary medicine market in the forecast period of 2020-2027. On the other hand, increasing research and development for procedural advancement will further boost various opportunities that will lead to the growth of the veterinary medicine market in the above mentioned forecast period.
Rising number of counterfeit drugs, rising occurrences of various infections will likely to hinder the growth of the veterinary medicine market in the mentioned forecast period.
This veterinary medicine market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the veterinary medicinemarket scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Veterinary Medicine Market Scope and Market Size
Veterinary medicine market is segmented on the basis ofproduct, animal type, mode of delivery and end-use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on product,veterinary medicine market is segmented into biologics, pharmaceuticals, and medicated feed additives. Biologics have been further segmented into vaccine and others. Vaccine has been further sub segmented into live attenuated vaccines, DNA vaccines, recombinant vaccines, inactivated vaccines, and others. Pharmaceuticals have been further bifurcated into parasiticides, anti-infectives, anti-inflammatory, analgesics, and others.
- Based on animal type, veterinary medicine market is segmented into production, and companion. Production has been further segmented into poultry, swine, cattle, sheep & goats, and fish. Companion has been further segmented into dogs, cats, horses, and others.
- Veterinary medicine market is also segmented on the basis of end use is segmented intoreference laboratories, point-of-care testing/in-house testing, veterinary hospitals & clinics, and others.
- Based on mode of delivery, veterinary medicine market is segmented intooral, parenteral, and others. Others have been further segmented into topical and carrier.
Veterinary Medicine Market Country Level Analysis
Veterinary medicine market is analysed and market size information is provided by country by product, animal type, mode of delivery and end use as referenced above.
The countries covered in the veterinary medicine market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America,Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E,Kuwait, Israel,Egypt, Rest of Middle East and Africa (MEA) as a part ofMiddle East and Africa (MEA).
North America dominates the veterinary medicine market due to prevalence of favourable government policies along with rising initiatives to improve animal health while the Asia-Pacific region is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 because of expansion of manufacturing facilities and vaccination for livestock animals.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
Veterinary medicine market also provides you with detailed Customization Available: Global Veterinary Medicine Market
market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and Veterinary Medicine Market Share Analysis
Veterinary medicine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to veterinary medicine market.
The major players covered in the veterinary medicine marketreport areMerck & Co., Inc., Ceva, Vetoquinol S.A., Zoetis, BoehringerIngelheim International GmbH, Bayer AG, Elanco.,Nutreco N.V.,Virbac., Kindred Biosciences, Inc., BiogénesisBagó, infocusrx., NEOGEN CORPORATION, Hester Biosciences Limited., Cargill, Incorporated., ADM Animal Nutrition,among other domestic and global players. Bone anchored hearing systems market share data is available for global, North America, South America, Europe, Asia-Pacific (APAC) andMiddle East and Africa (MEA)separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Veterinary Medicine Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies.We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.