Reports
India Veterinary Drugs Market Size, Share, Trends, Forecast: By Product: Biologics, Pharmaceuticals, Medicinal Feed Additives; By Animal Type: Companion, Livestock; By Route of Administration: Oral, Parenteral, Topical; By Distribution Channel: Veterinary Hospitals and Clinics, Others; Regional Analysis; Competitive Landscape; 2024-2032
India Veterinary Drugs Market Outlook
The India veterinary drugs market is expected to grow at a CAGR of 7.90% in the forecast period of 2024-2032.
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Companion Segment to Account for a Significant Market Share of the India Veterinary Drugs Industry
Based on animal type, the companion segment is predicted to hold a significant market share in the India veterinary drugs industry. This growth can be attributed to the increased adoption of pets such as dogs, cats, birds, and fish as a house companion among people. Further, the adoption of pets increased in 2020, during the rapid insurgence of the novel coronavirus pandemic, as pets helped people in combating loneliness and the lockdown blues. These factors are expected to contribute to the overall market growth in the forecast period.
Growing Availability of Veterinary Hospitals and Clinics to Augment the India Veterinary Drugs Industry
The India veterinary drugs industry is predicted to be aided by the growing availability of veterinary hospitals and clinics in the region. This growth can be attributed to the heightened demand for quality care and medical facilities for animals and pets. In addition, the rising expenditure by the government in the development of veterinary healthcare infrastructure is also predicted to propel the market growth. Additionally, the increased number of strays are also expected to contribute to the industry growth in the forecast period.
Veterinary Drugs: Market Segmentation
Veterinary drugs refer to medications utilised by medical professionals in treating animal injuries and diseases. These drugs help in the healing and treatment procedures while also ensuring the prevention of any infectious diseases. Additionally, routine vaccinations of animals ensure their improved livelihood, further safeguarding their owners and other people from contracting any harmful diseases through the animals.
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By product, the market is divided into:
- Biologics
- Pharmaceuticals
- Medicinal Feed Additives
On the basis of animal type, the market can be segmented into:
- Companion
- Livestock
Based on route of administration, the industry can be segregated into:
- Oral
- Parenteral
- Topical
On the basis of distribution channel, the market can be distributed into:
- Veterinary Hospitals and Clinics
- Pharmacies and Drug Stores
- Online
- Others
The regional markets for the product include North India, East India, West India, and South India.
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Growing Animal Ownership to Bolster the India Veterinary Drugs Industry
The growing animal ownership in the region is projected to significantly impact the industry growth in the forecast period. According to the 20th Livestock Census conducted by the government of India, a total livestock population of 535.78 million was recorded, showing a 4.6% increase since 2012, making India the highest livestock owner in the world. This can be attributed to the range of services provided by livestock animals, including food, fibre and skin, and animal waste, among others. This is leading to the increased demand for veterinary drugs to ensure the good health of livestock animals. Furthermore, the growing adoption of pet animals as companions is also witnessing a surge, fuelled by the rising disposable incomes, rapid urbanisation and the improved living standards of people. These factors are projected to positively impact the market growth in the forecast period.
Key Industry Players in the India Veterinary Drugs Market
The report gives a detailed analysis of the following key players in the India veterinary drugs market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Zovix Pharmaceuticals
- ANI Healthcare
- MarchVET
- Century Pharmaceuticals Ltd
- Adani Pharmachem Private Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Animal Type, Route of Administration, Distribution Channel, Region |
| Breakup by Product | Biologics, Pharmaceuticals, Medicinal Feed Additives |
| Breakup by Animal Type | Companion, Livestock |
| Breakup by Route of Administration | Oral, Parenteral, Topical |
| Breakup by Distribution Channel | Veterinary Hospitals and Clinics, Pharmacies and Drug Stores, Online, Others |
| Breakup by Region | North India, East India, West India, South India |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Zovix Pharmaceuticals, ANI Healthcare, MarchVET, Century Pharmaceuticals Ltd, Adani Pharmachem Private Limited, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 India
7 Opportunities and Challenges in the Market
8 India Veterinary Drugs Market Analysis
8.1 Key Industry Highlights
8.2 India Veterinary Drugs Historical Market (2016-2020)
8.3 India Veterinary Drugs Market Forecast (2021-2026)
8.4 India Veterinary Drugs Market by Product
8.4.1 Biologics
8.4.1.1 Historical Trend (2016-2020)
8.4.1.2 Forecast Trend (2021-2026)
8.4.2 Pharmaceuticals
8.4.2.1 Historical Trend (2016-2020)
8.4.2.2 Forecast Trend (2021-2026)
8.4.3 Medicinal Feed Additives
8.4.3.1 Historical Trend (2016-2020)
8.4.3.2 Forecast Trend (2021-2026)
8.5 India Veterinary Drugs Market by Animal Type
8.5.1 Companion
8.5.1.1 Historical Trend (2016-2020)
8.5.1.2 Forecast Trend (2021-2026)
8.5.2 Livestock
8.5.2.1 Historical Trend (2016-2020)
8.5.2.2 Forecast Trend (2021-2026)
8.6 India Veterinary Drugs Market by Route of Administration
8.6.1 Oral
8.6.1.1 Historical Trend (2016-2020)
8.6.1.2 Forecast Trend (2021-2026)
8.6.2 Parenteral
8.6.2.1 Historical Trend (2016-2020)
8.6.2.2 Forecast Trend (2021-2026)
8.6.3 Topical
8.6.3.1 Historical Trend (2016-2020)
8.6.3.2 Forecast Trend (2021-2026)
8.7 India Veterinary Drugs Market by Distribution Channel
8.7.1 Veterinary Hospitals and Clinics
8.7.1.1 Historical Trend (2016-2020)
8.7.1.2 Forecast Trend (2021-2026)
8.7.2 Pharmacies and Drug Stores
8.7.2.1 Historical Trend (2016-2020)
8.7.2.2 Forecast Trend (2021-2026)
8.7.3 Online
8.7.3.1 Historical Trend (2016-2020)
8.7.3.2 Forecast Trend (2021-2026)
8.7.4 Others
8.8 India Veterinary Drugs Market by Region
8.8.1 North India
8.8.2 East India
8.8.3 West India
8.8.4 South India
9 Regional Analysis
9.1 North India
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.2 East India
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.3 West India
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.4 South India
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Zovix Pharmaceuticals
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 ANI Healthcare
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 MarchVET
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Century Pharmaceuticals Ltd
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Adani Pharmachem Private Limited
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Veterinary Drugs Market: Key Industry Highlights, 2018 and 2032
2. India Veterinary Drugs Historical Market: Breakup by Product (USD Million), 2016-2020
3. India Veterinary Drugs Market Forecast: Breakup by Product (USD Million), 2021-2026
4. India Veterinary Drugs Historical Market: Breakup by Animal Type (USD Million), 2016-2020
5. India Veterinary Drugs Market Forecast: Breakup by Animal Type (USD Million), 2021-2026
6. India Veterinary Drugs Historical Market: Breakup by Route of Administration (USD Million), 2016-2020
7. India Veterinary Drugs Market Forecast: Breakup by Route of Administration (USD Million), 2021-2026
8. India Veterinary Drugs Historical Market: Breakup by End Use (USD Million), 2016-2020
9. India Veterinary Drugs Market Forecast: Breakup by End Use (USD Million), 2021-2026
10. India Veterinary Drugs Historical Market: Breakup by Region (USD Million), 2016-2020
11. India Veterinary Drugs Market Forecast: Breakup by Region (USD Million), 2021-2026
12. India Veterinary Drugs Market Structure
Key Questions Answered in the Report
The India veterinary drugs market is projected to grow at a CAGR of 7.90% between 2024 and 2032.
The major drivers of the industry, such as the increased demand for livestock animals, rising adoption of companion animals, increased availability of veterinary healthcare services, and heightened government investments in the development of veterinary healthcare infrastructure, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increase in animal and pet ownership across the country.
The major regions in the industry are North India, East India, West India, and South India.
The significant products include biologics, pharmaceuticals, medicinal feed additives, and others.
The significant animal types include companion and livestock.
The significant routes of administration include oral, parenteral, and topical.
The different distribution channels include veterinary hospitals and clinics, pharmacies and drug stores, online, and others.
The major players in the industry are Zovix Pharmaceuticals, ANI Healthcare, MarchVET, Century Pharmaceuticals Ltd, Adani Pharmachem Private Limited, and others.
Analyst Review
The India veterinary drugs market is being driven by the growing animal ownership across the country. Aided by the rapid investments in veterinary healthcare systems, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.90%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product, the market can be distributed into biologics, pharmaceuticals, medicinal feed additives, and others. On the basis of animal type, the industry can be segmented into companion and livestock. Based on route of administration, the industry can be segregated into oral, parenteral, and topical. The industry can be categorised, based on distribution channel, into veterinary hospitals and clinics, pharmacies and drug stores, online, and others. The major regional markets for veterinary drugs are North India, East India, West India, and South India. The key players in the above market include Zovix Pharmaceuticals, ANI Healthcare, MarchVET, Century Pharmaceuticals Ltd, Adani Pharmachem Private Limited, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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