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Global Veterinary Healthcare Market: By Product: Therapeutics, Diagnostics; By Animal Type: Dogs and Cats, Horses, Ruminants, Swine, Poultry, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Veterinary Healthcare Market Outlook

The global veterinary healthcare market attained a value of about USD 27.9 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 8.4% to reach nearly USD 45.2 billion by 2026.

 

Global Veterinary Healthcare Market

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Increasing Pet Ownership Bolstering the Growth of the Veterinary Healthcare Industry

The market for veterinary healthcare is being aided by the growing pet ownership, especially by the millennial and Gen-Z population. Pet parents are increasingly focusing on boosting the quality of life of their pets, due to which the demand for pet vaccines is significantly surging. The demand for optimal animal health is further fuelled by the growing trend of pet therapy and pet humanisation. As the prevalence of pet therapy as an alternative treatment is becoming popular among the young population, the market for veterinary healthcare is poised to grow.

The prevalence of various chronic illnesses in pets is increasing the demand for optimal veterinary healthcare. The rising demand for clinical examination by pet parents is surging the deployment of ultrasound and X-ray technology for diagnosis in pets. As cancer is one of the most common diseases in pets such as cats and dogs, the demand for effective therapeutic treatments for the disease is increasing. Moreover, the rising availability of techniques such as computed axial tomography and magnetic resonance imaging for pets is also bolstering the quality of veterinary healthcare, therefore significantly contributing to the market growth.

 

Veterinary Healthcare: Market Segmentation

Veterinary healthcare refers to the control, diagnosis, and prevention of diseases, treatments, and injuries, in animals. It is essential to ensure the optimal health of animals. Veterinary healthcare comprises various scientific fields, such as toxicology, microbiology, pathology, radiology, and surgeries. It also prevents the transmission of zoonotic diseases in humans.

 

Global Veterinary Healthcare Market by Segment

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The major products of veterinary healthcare are:

  • Therapeutics
  • Diagnostics

The therapeutics segment is classified into vaccines, parasiticides, anti-infectives, and medical-feed additives, among others. Meanwhile, the diagnostics segment is divided into immunodiagnostic tests, molecular diagnostics, diagnostic imaging, and clinical chemistry, among others.

The market can be broadly categorised on the basis of its animal types into:

  • Dogs and Cats
  • Horses
  • Ruminants
  • Swine
  • Poultry
  • Others

The EMR report looks into the regional markets of veterinary healthcare like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Veterinary Healthcare Market by Region

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Rapid Adoption of Digital Technology in Veterinary Healthcare to Augment the Market Growth

The rising deployment of digital technologies to monitor animal wellbeing and health is bolstering the growth of the veterinary healthcare industry. In addition, the growing trend of preventive healthcare to reduce health-related costs is increasing the demand for wearable sensors for animals. As wearable devices can provide crucial animal health statistics such as heart rate, pH levels, and respiration rate, among others, they are increasingly preferred by veterinarians to improve healthcare quality. Moreover, developments in veterinary practice management are increasing the accessibility and cost-effectiveness of veterinary healthcare, which is anticipated to augment the growth of the market.

The integration of artificial intelligence (AI) in veterinary healthcare enables real-time predictive analysis and identifies the cause of diseases, due to which it is increasingly used in diagnostics. Moreover, artificial intelligence (AI) is expected to be widely deployed in medical imaging processing to enhance the accuracy and cost-effectiveness of veterinary diagnostics. The increasing integration of artificial intelligence (AI) in various veterinary healthcare research and development (R&D) activities to effectively analyse data is providing further impetus to the market growth.

 

Key Industry Players in the Global Veterinary Healthcare Market

The report presents a detailed analysis of the following key players in the global veterinary healthcare market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Elanco Animal Health
  • CEVA SANTE ANIMALE
  • Vetoquinol S.A.
  • Zoetis Inc.
  • Boehringer Ingelheim International GmbH.
  • BioChek Group
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Animal Type, Region
Breakup by Product Therapeutics, Diagnostics
Breakup by Animal Type Dogs and Cats, Horses, Ruminants, Swine, Poultry, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
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 Elanco Animal Health, CEVA SANTE ANIMALE, Vetoquinol S.A., Zoetis Inc., Boehringer Ingelheim International GmbH., BioChek Group, 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    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Veterinary Healthcare Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Veterinary Healthcare Historical Market (2018-2022) 
    8.3    Global Veterinary Healthcare Market Forecast (2023-2028)
    8.4    Global Veterinary Healthcare Market by Product
        8.4.1    Therapeutics
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Vaccines
                8.4.1.4.2    Parasiticides
                8.4.1.4.3    Anti-infectives
                8.4.1.4.4    Medical Feed Additives
                8.4.1.4.5    Others
        8.4.2    Diagnostics
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Immunodiagnostic Tests
                8.4.2.4.2    Molecular Diagnostics
                8.4.2.4.3    Diagnostic Imaging
                8.4.2.4.4    Clinical Chemistry
                8.4.2.4.5    Others
    8.5    Global Veterinary Healthcare Market by Animal Type
        8.5.1    Dogs and Cats
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Horses
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Ruminants
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Swine
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Poultry
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Others    
    8.6    Global Veterinary Healthcare Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Veterinary Healthcare Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Veterinary Healthcare Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Veterinary Healthcare Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Veterinary Healthcare Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Veterinary Healthcare Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive  Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Elanco Animal Health
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    CEVA SANTE ANIMALE
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Vetoquinol S.A.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Zoetis Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Boehringer Ingelheim International GmbH.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    BioChek Group
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Veterinary Healthcare Market: Key Industry Highlights, 2018 and 2028
2.    Global Veterinary Healthcare Historical Market: Breakup by Product (USD Billion), 2018-2022
3.    Global Veterinary Healthcare Market Forecast: Breakup by Product (USD Billion), 2023-2028
4.    Global Veterinary Healthcare Historical Market: Breakup by Animal Type (USD Billion), 2018-2022
5.    Global Veterinary Healthcare Market Forecast: Breakup by Animal Type (USD Billion), 2023-2028
6.    Global Veterinary Healthcare Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Veterinary Healthcare Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Veterinary Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Veterinary Healthcare Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Veterinary Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Veterinary Healthcare Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Veterinary Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Veterinary Healthcare Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Veterinary Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Veterinary Healthcare Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Veterinary Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Veterinary Healthcare Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Veterinary Healthcare Market Structure

Key Questions Answered in the Report

In 2020, the global veterinary healthcare market attained a value of nearly USD 27.9 billion.

The market is projected to grow at a CAGR of 8.4% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 45.2 billion by 2026.

The market is being aided by the rising pet ownership and the growing prevalence of health-related issues in animals.

The industry is estimated to be propelled by the integration of artificial intelligence (AI) in veterinary healthcare, the rising trend of preventive healthcare, and the rapid digitisation of veterinary healthcare.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major products of veterinary healthcare in the industry are therapeutics and diagnostics.

The significant animal types in the market are dogs and cats, horses, ruminants, swine, and poultry, among others.

The major players in the industry are Elanco Animal Health, CEVA SANTE ANIMALE, Vetoquinol S.A., Zoetis Inc., Boehringer Ingelheim International GmbH., and BioChek Group, among others.

Analyst Review

The global veterinary healthcare market attained a value of nearly USD 27.9 billion in 2020, driven by the growing prevalence of health-related issues in animals. Aided by the integration of artificial intelligence (AI) in veterinary healthcare, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 8.4%. The market is projected to reach about USD 45.2 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the veterinary healthcare industry can be segmented into therapeutics and diagnostics. On the basis of animal types, the industry is divided into dogs and cats, horses, ruminants, swine, and poultry, among others. The major regional markets for veterinary healthcare are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Elanco Animal Health, CEVA SANTE ANIMALE, Vetoquinol S.A., Zoetis Inc., Boehringer Ingelheim International GmbH., and BioChek Group, among 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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