Market Overview:
The global veterinary healthcare product industry is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for animal-derived food products, rising awareness about animal health and hygiene, and the increasing prevalence of zoonotic diseases. The market is segmented on the basis of type into vaccines, parasiticides, anti-infectives, medicinal feed additives, and other products. The vaccines segment is expected to grow at the highest CAGR during the forecast period owing to rising awareness about preventive healthcare among pet owners. On the basis of application, the market is divided into pet care, poultry farming, and other applications such as aquaculture and equine care. The pet care segment accounted for majority share of the global veterinary healthcare product industry in 2017 owing to growing trend of keeping pets as companions across all regions.
Product Definition:
The veterinary healthcare product industry is responsible for the development, marketing and sale of products that improve the health and well-being of animals. The importance of this industry cannot be overstated; it helps to keep animals healthy and allows them to lead long, productive lives. The products made by this industry also help to protect humans from diseases that can be transmitted from animals.
Vaccines:
A vaccine is a procedure of introducing an attenuated or inactivated virus for the purpose of stimulating the body's immune mechanism to fight against disease. The veterinary healthcare product industry has witnessed significant growth over the past few years, owing to rising pet adoption and increasing expenditure on animal health.
Paraciticides:
Paraciticides are used in veterinary medicines to control endoparasitic and ectoparasitic infections. They are also used as a treatment for certain internal parasites such as heartworm, hookworms, and whipworms.
Application Insights:
Pet was the largest application segment in 2017 and is expected to maintain its lead during the forecast period. The increasing number of pet owners, especially in developed regions such as North America and Europe is anticipated to drive demand for veterinary healthcare products over the forecast period.
Poultry is estimated to be one of the fastest-growing segments owing to rising awareness among farmers regarding diseases prevalent in poultry including Avian Influenza, Newcastle Disease, Marek's Disease, Infectious Bronchitis & Colds amongst others. This has led them towards using preventive measures such as vaccination against these diseases which has increased product consumption for poultry health management globally.
Other applications include animal nutrition (excluding fish), equine medicine (excluding vaccines).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to high animal population, increasing pet ownership, and rising awareness regarding veterinary health. Moreover, the presence of major players such as Zoetis; Merck Group; Elanco; and Ceva Sante Animale is also expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rapid economic development coupled with increasing disposable income among people in this region will lead them into opting for a more luxurious lifestyle including having a better looking domestic animal companion which will eventually increase demand for veterinary healthcare products over time.
Growth Factors:
- Increasing demand for pet food and rising trend of pet humanization
- Growing awareness about animal health and preventive care
- Rising number of veterinary practitioners and clinics
- Technological advancements in veterinary diagnostics and therapeutics
- Expansion of global trade in livestock products
Scope Of The Report
Report Attributes
Report Details
Report Title
Veterinary Healthcare Product Industry Market Research Report
By Type
Vaccines, Paraciticides, Anti-infectives, Medicinal Feed Additives, Other
By Application
Pet, Poultry, Other
By Companies
Pfizer, Merck, Sanofi-Aventis, Bayer HealthCare, Virbac, Novartis, Boehringer Ingelheim, Heska Corporation, Bioniche Animal Health Canada, Inc., Ceva, Johnson & Johnson, MedFly, Zoetis, 3M, R. M. Hatcheries, Lomir Biomedical
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Veterinary Healthcare Product Industry Market Report Segments:
The global Veterinary Healthcare Product Industry market is segmented on the basis of:
Types
Vaccines, Paraciticides, Anti-infectives, Medicinal Feed Additives, 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
Pet, Poultry, Other
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:
- Pfizer
- Merck
- Sanofi-Aventis
- Bayer HealthCare
- Virbac
- Novartis
- Boehringer Ingelheim
- Heska Corporation
- Bioniche Animal Health Canada, Inc.
- Ceva
- Johnson & Johnson
- MedFly
- Zoetis
- 3M
- R. M. Hatcheries
- Lomir Biomedical
Highlights of The Veterinary Healthcare Product Industry 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:
- Vaccines
- Paraciticides
- Anti-infectives
- Medicinal Feed Additives
- Other
- By Application:
- Pet
- Poultry
- Other
- 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 Veterinary Healthcare Product Industry 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
The veterinary healthcare product industry is a $24.5 billion global market that employs over 260,000 people in the United States alone. This industry provides products and services to veterinarians and pet owners to maintain their pets' health and well-being.
Some of the major players in the veterinary healthcare product industry market are Pfizer, Merck, Sanofi-Aventis, Bayer HealthCare, Virbac, Novartis, Boehringer Ingelheim, Heska Corporation, Bioniche Animal Health Canada, Inc., Ceva, Johnson & Johnson, MedFly, Zoetis, 3M, R. M. Hatcheries, Lomir Biomedical.
The veterinary healthcare product industry market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Veterinary Healthcare Product Industry Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Veterinary Healthcare Product Industry Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Veterinary Healthcare Product Industry Market - Supply Chain
4.5. Global Veterinary Healthcare Product Industry Market Forecast
4.5.1. Veterinary Healthcare Product Industry Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Veterinary Healthcare Product Industry Market Size (000 Units) and Y-o-Y Growth
4.5.3. Veterinary Healthcare Product Industry Market Absolute $ Opportunity
5. Global Veterinary Healthcare Product Industry Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Veterinary Healthcare Product Industry Market Size and Volume Forecast by Type
5.3.1. Vaccines
5.3.2. Paraciticides
5.3.3. Anti-infectives
5.3.4. Medicinal Feed Additives
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Veterinary Healthcare Product Industry Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Veterinary Healthcare Product Industry Market Size and Volume Forecast by Application
6.3.1. Pet
6.3.2. Poultry
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Veterinary Healthcare Product Industry Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Veterinary Healthcare Product Industry Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Veterinary Healthcare Product Industry Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Veterinary Healthcare Product Industry Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Veterinary Healthcare Product Industry Demand Share Forecast, 2019-2026
9. North America Veterinary Healthcare Product Industry Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Veterinary Healthcare Product Industry Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Veterinary Healthcare Product Industry Market Size and Volume Forecast by Application
9.4.1. Pet
9.4.2. Poultry
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Veterinary Healthcare Product Industry Market Size and Volume Forecast by Type
9.7.1. Vaccines
9.7.2. Paraciticides
9.7.3. Anti-infectives
9.7.4. Medicinal Feed Additives
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Veterinary Healthcare Product Industry Demand Share Forecast, 2019-2026
10. Latin America Veterinary Healthcare Product Industry Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Veterinary Healthcare Product Industry Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Veterinary Healthcare Product Industry Market Size and Volume Forecast by Application
10.4.1. Pet
10.4.2. Poultry
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Veterinary Healthcare Product Industry Market Size and Volume Forecast by Type
10.7.1. Vaccines
10.7.2. Paraciticides
10.7.3. Anti-infectives
10.7.4. Medicinal Feed Additives
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Veterinary Healthcare Product Industry Demand Share Forecast, 2019-2026
11. Europe Veterinary Healthcare Product Industry Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Veterinary Healthcare Product Industry Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Veterinary Healthcare Product Industry Market Size and Volume Forecast by Application
11.4.1. Pet
11.4.2. Poultry
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Veterinary Healthcare Product Industry Market Size and Volume Forecast by Type
11.7.1. Vaccines
11.7.2. Paraciticides
11.7.3. Anti-infectives
11.7.4. Medicinal Feed Additives
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Veterinary Healthcare Product Industry Demand Share, 2019-2026
12. Asia Pacific Veterinary Healthcare Product Industry Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Veterinary Healthcare Product Industry Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Veterinary Healthcare Product Industry Market Size and Volume Forecast by Application
12.4.1. Pet
12.4.2. Poultry
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Veterinary Healthcare Product Industry Market Size and Volume Forecast by Type
12.7.1. Vaccines
12.7.2. Paraciticides
12.7.3. Anti-infectives
12.7.4. Medicinal Feed Additives
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Veterinary Healthcare Product Industry Demand Share, 2019-2026
13. Middle East & Africa Veterinary Healthcare Product Industry Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Veterinary Healthcare Product Industry Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Veterinary Healthcare Product Industry Market Size and Volume Forecast by Application
13.4.1. Pet
13.4.2. Poultry
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Veterinary Healthcare Product Industry Market Size and Volume Forecast by Type
13.7.1. Vaccines
13.7.2. Paraciticides
13.7.3. Anti-infectives
13.7.4. Medicinal Feed Additives
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Veterinary Healthcare Product Industry Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Veterinary Healthcare Product Industry Market: Market Share Analysis
14.2. Veterinary Healthcare Product Industry Distributors and Customers
14.3. Veterinary Healthcare Product Industry Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Pfizer
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Merck
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sanofi-Aventis
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bayer HealthCare
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Virbac
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Novartis
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Boehringer Ingelheim
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Heska Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bioniche Animal Health Canada, Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ceva
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Johnson & Johnson
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. MedFly
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zoetis
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. 3M
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. R. M. Hatcheries
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Lomir Biomedical
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
