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Global Veterinary Drugs Market: By Product: Biologics, Pharmaceuticals, Medicinal Feed Additives; By Animal: Companion, Livestock; By Route of Administration: Oral, Parenteral, Topical; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Veterinary Drugs Market Outlook

The global veterinary drugs market reached a value of about USD 16 billion in 2020. The market for veterinary drugs is being driven by the development of new drugs and increasing ownership of animals. The market is further expected to grow at a CAGR of 6.2% in the forecast period of 2021-2026 to reach a value of approximately USD 23 billion by 2026.

 

Increasing Ownership of Animals is Bolstering the Veterinary Drugs Industry Growth

The increasing ownership of animals, both companions and livestock, is rapidly boosting the market growth for veterinary drugs. The ownership of animals comes with the responsibility of keeping them healthy; therefore, the growing developments in veterinary drugs is supporting the growth of the market. Animal derivatives such as milk, eggs, among others, are driving the ownership of livestock and indirectly boosting the growth of the veterinary drugs industry. The increasing use of animal derivatives prompts the owner to keep the livestock consistently treated to prevent diseases, parasites, etc., thereby aiding the industry growth. The high adoption rate of companion animals is a driving factor for the growth of the veterinary drugs industry due to owners being highly careful and preventive of any medical problems.

 

Veterinary Drugs: Industry Definition and Segmentation

Veterinary drugs are essential for the life of animals, as they are used to treat diseases, parasites etc., after an accurate diagnosis. General veterinary drugs are used to examine pharmacology, metabolic safety, toxicology, food safety, etc., whilst specialized drugs are also available to treat high order diseases. Respective authorities of nations establish stringent guidelines for the administration and production of these drugs as the growing need for these drugs is becoming prevalent. The vital necessity for owners of animals, both companions and livestock, to keep their animals healthy is highly significant for the veterinary drugs industry.

Based on product, the market is divided into:

  • Biologics
  • Pharmaceuticals
  • Medicinal Feed Additives

Biologics is further divided on the basis of type into vaccines and others, whereas, pharmaceuticals is further divided on the basis of type into parasiticides, anti-infectives, anti-inflammatory, analgesics, among others.

Based on animal, the market is bifurcated into:

  • Companion
  • Livestock

Based on route of administration, the market is categorised into:

  • Oral
  • Parental
  • Topical

Based on distribution channel, the market is segmented into:

  • Veterinary Hospitals and Clinics
  • Pharmacies and Drug Stores
  • Online
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Advancements in Medical Procedures and Drugs to Boost the Growth of Veterinary Drugs Industry

The continuous advancements in the veterinary sector, such as wearable devices to monitor animal health, minimally invasive surgical procedures, among others, are supporting the growth of this market. The developments in the effectiveness of drugs as well as the introduction of new drugs to treat diseases are bolstering the growth of the industry. The market growth is significantly boosted by the rising demand for parasiticides, as more and more livestock owners are focusing on animal health to boost their business in animal derivatives. Growing animal health awareness initiatives by governments and the private sector, along with sponsoring of different veterinary key players are predicted to have a high growth rate during the forecast period.

 

Key Industry Players in the Global Veterinary Drugs Market

The report gives a detailed analysis of the following key players in the global veterinary drugs market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Bayer AG
  • Vetoquinol S.A.
  • Boehringer Ingelheim International GmbH
  • Kindred Biosciences, Inc.
  • Zoetis Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Veterinary Drugs Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Veterinary Drugs Historical Market (2016-2020) 
    8.3    Global Veterinary Drugs Market Forecast (2021-2026)
    8.4    Global Veterinary Drugs Market by Product
        8.4.1    Biologics
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
            8.4.1.4    Market by Type
                8.4.1.4.1    Vaccines
                    8.4.1.4.1.1    Market Share
                    8.4.1.4.1.2    Historical Trend (2016-2020)
                    8.4.1.4.1.3    Forecast Trend (2021-2026)
                8.4.1.4.2    Others
        8.4.2    Pharmaceuticals
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
            8.4.2.4    Market by Type
                8.4.2.4.1    Parasiticides
                    8.4.2.4.1.1    Market Share
                    8.4.2.4.1.2    Historical Trend (2016-2020)
                    8.4.2.4.1.3    Forecast Trend (2021-2026)
                8.4.2.4.2    Anti-Infectives
                    8.4.2.4.2.1    Market Share
                    8.4.2.4.2.2    Historical Trend (2016-2020)
                    8.4.2.4.2.3    Forecast Trend (2021-2026)
                8.4.2.4.3    Anti-Inflammatory
                    8.4.2.4.3.1    Market Share
                    8.4.2.4.3.2    Historical Trend (2016-2020)
                    8.4.2.4.3.3    Forecast Trend (2021-2026)
                8.4.2.4.4    Analgesics
                    8.4.2.4.4.1    Market Share
                    8.4.2.4.4.2    Historical Trend (2016-2020)
                    8.4.2.4.4.3    Forecast Trend (2021-2026)
                8.4.2.4.5    Others
        8.4.3    Medicinal Feed Additives
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Veterinary Drugs Market by Animal
        8.5.1    Companion
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Livestock
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Veterinary Drugs Market by Route of Administration
        8.6.1    Oral
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Parenteral
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Topical
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
    8.7    Global Veterinary Drugs Market by Distribution Channel
        8.7.1    Veterinary Hospitals and Clinics
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Pharmacies and Drug Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Online
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Others
    8.8    Global Veterinary Drugs Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
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    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Importing Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Exporting Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Bayer AG
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Vetoquinol S.A.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Boehringer Ingelheim International GmbH
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Kindred Biosciences, Inc.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Zoetis Inc.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Figures and Tables

1.    Global Veterinary Drugs Market: Key Industry Highlights, 2016 and 2026
2.    Global Veterinary Drugs Historical Market: Breakup by Product (USD Billion), 2016-2020
3.    Global Veterinary Drugs Market Forecast: Breakup by Product (USD Billion), 2021-2026
4.    Global Veterinary Drugs Historical Market: Breakup by Animal (USD Billion), 2016-2020
5.    Global Veterinary Drugs Market Forecast: Breakup by Animal (USD Billion), 2021-2026
6.    Global Veterinary Drugs Historical Market: Breakup by Route of Administration (USD Billion), 2016-2020
7.    Global Veterinary Drugs Market Forecast: Breakup by Route of Administration (USD Billion), 2021-2026
8.    Global Veterinary Drugs Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
9.    Global Veterinary Drugs Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
10.    Global Veterinary Drugs Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Veterinary Drugs Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Veterinary Drugs Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Veterinary Drugs Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Veterinary Drugs Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Veterinary Drugs Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Veterinary Drugs Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Veterinary Drugs Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Veterinary Drugs Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Veterinary Drugs Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Veterinary Drugs Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Veterinary Drugs Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Major Importing Countries by Volume (2020)
23.    Major Exporting Countries by Volume (2020)
24.    Major Importing Countries by Value (2020)
25.    Major Exporting Countries by Value (2020)
26.    North America Historical Price Trends and Forecast 2016-2026
27.    Europe Historical Price Trends and Forecast 2016-2026
28.    Asia Pacific Historical Price Trends and Forecast 2016-2026
29.    Latin America Historical Price Trends and Forecast 2016-2026
30.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
31.    Global Veterinary Drugs Market Structure

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