Market Overview:
The global animal medicine market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for animal-derived food products, rising awareness about zoonotic diseases, and growing companion animal population. The oral segment is expected to dominate the market during the forecast period owing to its ease of use and low cost as compared to other forms of medication. Companion animals are expected to account for the majority share in the global animal medicine market during the forecast period owing to their growing popularity among pet owners across different regions.
Product Definition:
Animal medicine is the use of plants to treat animal diseases. The importance of animal medicine is that it can be used to treat a variety of diseases in animals.
Oral:
Oral is a form of medication which is given to animals in the form of tablets, powders or liquids. Oral medications are easy to administer and have fewer side effects as compared to injectable drugs. The most common types of oral medications used in veterinary medicine include anti-infective, parasiticides, analgesics and anesthetics among others.
The global animal healthcare market was valued at USD 72 billion in 2015.
Injection:
Injection is a method of delivering medication into the body. It is most commonly used in veterinary medicine to deliver drugs that are otherwise difficult to give by mouth. Injectables can be given directly into a vein, muscle, or fat using an injector device (injector pen/injection gun). They are convenient and fast ways of giving medications for animals as they eliminate oral care procedures and reduce the risk of contamination due to oral fluids.
Application Insights:
The companion animals segment held the largest share of more than 60.0% in 2017. The growth can be attributed to the rising disposable income, which has resulted in an increase in pet ownership across the globe. According to a study published by National Council of Aging, it is estimated that nearly 40% of older people have pets and they spend around USD 15,000 per year on these animals. In addition, according to American Pet Products Association's (APPA) 2012-2013 national survey, there were 78 million households owning a dog and 52 million households owning cats across America which accounted for nearly three fourth of all U.S.-based households with pets at that time.
Regional Analysis:
North America dominated the global animal medicine market in 2017. The growth is majorly attributed to the high adoption of pets and increasing prevalence of chronic diseases in companion animals. According to a study conducted by Texas A&M University, approximately 60% of dogs and 70% of cats are diagnosed with chronic health conditions every year. In addition, according to a survey conducted by American Pet Products Association (APPA), around 68% increase in expenditure on veterinary care was witnessed from 2009 to 2014 which also supports the dominance during that period.
Asia Pacific is expected to witness lucrative growth over the forecast period owing its rapidly growing economy along with rising pet ownership as well as livestock population resulting into increased demand for medicines across countries such as China, India, Indonesia among others driving factors for this market are: 1) Increasing R&D investment 2) Growing disposable income 3) Rising awareness about animal healthcare 4) Changing food habits leading towards an increase in consumption 5) Increase importance attached towards good treatment 6).
Growth Factors:
- Increasing demand for meat and dairy products, which is expected to drive the growth of the animal husbandry sector.
- Rising awareness about animal health and preventive care among farmers and pet owners.
- Growing demand for organic food products, which is likely to boost the market for animal medicines and supplements over the forecast period.
- Technological advancements in veterinary diagnostics and therapeutics that are helping improve treatment outcomes for animals.
Scope Of The Report
Report Attributes
Report Details
Report Title
Animal Medicine Market Research Report
By Type
Oral, Injection, Other
By Application
Companion Animals, Livestock Animals
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Animal Medicine Market Report Segments:
The global Animal Medicine market is segmented on the basis of:
Types
Oral, Injection, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Companion Animals, Livestock Animals
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Animal Medicine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Oral
- Injection
- Other
- By Application:
- Companion Animals
- Livestock Animals
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Animal Medicine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Animal medicine is the study of veterinary medicine and its application to animals. It encompasses everything from diagnostics to treatment options for common animal diseases and injuries. Veterinarians who specialize in animal medicine are often called "animal doctors."
Some of the major companies in the animal medicine market are 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.
The animal medicine market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Animal Medicine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Animal Medicine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Animal Medicine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Animal Medicine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Animal Medicine Market Size & Forecast, 2020-2028
4.5.1 Animal Medicine Market Size and Y-o-Y Growth
4.5.2 Animal Medicine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Oral
5.2.2 Injection
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Companion Animals
6.2.2 Livestock Animals
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Animal Medicine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Animal Medicine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Oral
9.6.2 Injection
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Companion Animals
9.10.2 Livestock Animals
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Oral
10.6.2 Injection
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Companion Animals
10.10.2 Livestock Animals
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Oral
11.6.2 Injection
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Companion Animals
11.10.2 Livestock Animals
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Oral
12.6.2 Injection
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Companion Animals
12.10.2 Livestock Animals
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Oral
13.6.2 Injection
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Companion Animals
13.10.2 Livestock Animals
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Animal Medicine Market: Competitive Dashboard
14.2 Global Animal Medicine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boehringer Ingelheim
14.3.2 Zoetis
14.3.3 Elanco Animal Health
14.3.4 Bayer Animal Health
14.3.5 Merck Animal Health
14.3.6 Virbac
14.3.7 Dechra Veterinary Products
14.3.8 Ceva
14.3.9 Vetoquinol
14.3.10 Meiji
14.3.11 Ouro Fino Saude
14.3.12 Animalcare Group
14.3.13 Parnell
