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Global Veterinary Healthcare Market Size, Analysis, Forecast: By Product: Therapeutics, Diagnostics; By Animal Type: Dogs and Cats, Horses, Ruminants, Swine, Poultry, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Veterinary Healthcare Market Outlook
The global veterinary healthcare market attained a value of about USD 35.53 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.4% to reach nearly USD 73.33 billion by 2032.
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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.
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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.
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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.
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:
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| Breakup by Product |
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| Breakup by Animal Type |
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| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| 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 (2018-2023)
8.3 Global Veterinary Healthcare Market Forecast (2024-2032)
8.4 Global Veterinary Healthcare Market by Product
8.4.1 Therapeutics
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Vaccines
8.4.1.3.2 Parasiticides
8.4.1.3.3 Anti-infectives
8.4.1.3.4 Medical Feed Additives
8.4.1.3.5 Others
8.4.2 Diagnostics
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Immunodiagnostic Tests
8.4.2.3.2 Molecular Diagnostics
8.4.2.3.3 Diagnostic Imaging
8.4.2.3.4 Clinical Chemistry
8.4.2.3.5 Others
8.5 Global Veterinary Healthcare Market by Animal Type
8.5.1 Dogs and Cats
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Horses
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Ruminants
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Swine
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Poultry
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Veterinary Healthcare Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Veterinary Healthcare Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Veterinary Healthcare Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Veterinary Healthcare Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Veterinary Healthcare Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Veterinary Healthcare Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Veterinary Healthcare Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Veterinary Healthcare Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Veterinary Healthcare Historical Market: Breakup by Animal Type (USD Billion), 2018-2023
5. Global Veterinary Healthcare Market Forecast: Breakup by Animal Type (USD Billion), 2024-2032
6. Global Veterinary Healthcare Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Veterinary Healthcare Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Veterinary Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Veterinary Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Veterinary Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Veterinary Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Veterinary Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Veterinary Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Veterinary Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Veterinary Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Veterinary Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Veterinary Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Veterinary Healthcare Market Structure
Key Questions Answered in the Report
In 2023, the global veterinary healthcare market attained a value of nearly USD 35.53 billion.
The market is projected to grow at a CAGR of 8.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 73.33 billion by 2032.
The major market drivers include the rising pet ownership and the growing prevalence of health-related issues in animals.
The key trends supporting the market growth include 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 market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products considered in the market report 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 market 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 35.53 billion in 2023, 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 2024-2032, growing at a CAGR of 8.4%. The market is projected to reach about USD 73.33 billion by 2032.
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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