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Veterinary Healthcare Market Size, Trends, Analysis, and Outlook By Product (Therapeutics, Diagnostics), By Animal (Dogs and Cats, Horses, Ruminants, Swine, Poultry, Others), by Country, Segment, and Companies, 2024-2032

April 2024 | 205 pages | ID: V3129528ED83EN
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The global Veterinary Healthcare market size is poised to register 7.2% growth from 2024 to 2032, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Veterinary Healthcare market across By Product (Therapeutics, Diagnostics), By Animal (Dogs and Cats, Horses, Ruminants, Swine, Poultry, Others)

With the increasing focus on animal welfare and the growing demand for pet healthcare services, there is a rising need for veterinary products and services to prevent, diagnose, and treat animal diseases and injuries. Market growth is driven by factors such as expanding pet ownership and human-animal bonds, the rising awareness about zoonotic diseases and food safety, and technological advancements in veterinary diagnostics and therapeutics. Additionally, the expanding applications of veterinary healthcare in companion animal medicine, livestock production, and wildlife conservation, as well as the growing adoption of preventive care and wellness programs, contribute to market expansion. Further, the development of novel vaccines and pharmaceuticals for emerging infectious diseases, the integration of digital health and telemedicine solutions for remote consultations and monitoring, and the emphasis on One Health approaches to address health challenges at the human-animal-environment interface are expected to further propel market growth in the coming years.

Veterinary Healthcare Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Veterinary Healthcare market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Veterinary Healthcare survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Veterinary Healthcare industry.

Key market trends defining the global Veterinary Healthcare demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Veterinary Healthcare Market Segmentation- Industry Share, Market Size, and Outlook to 2032

The Veterinary Healthcare industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Veterinary Healthcare companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Veterinary Healthcare industry

Leading Veterinary Healthcare companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Veterinary Healthcare companies.

Veterinary Healthcare Market Study- Strategic Analysis Review

The Veterinary Healthcare market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Veterinary Healthcare Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Veterinary Healthcare industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three case scenarios- low case, reference case, and high case scenarios.

Veterinary Healthcare Country Analysis and Revenue Outlook to 2032

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2032. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2032.

North America Veterinary Healthcare Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong healthcare infrastructure. Leading companies focus on new product launches in the changing environment. The US healthcare expenditure is expected to grow to $4.8 trillion in 2024 (around 3.7% growth in 2024), potentially driving demand for various Veterinary Healthcare market segments. Similarly, Strong market demand is encouraging Canadian Veterinary Healthcare companies to invest in niche segments. Further, as Mexico continues to strengthen its relations and invest in technological advancements, the Mexico Veterinary Healthcare market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Veterinary Healthcare Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Veterinary Healthcare industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Veterinary Healthcare market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Veterinary Healthcare Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Veterinary Healthcare in Asia Pacific. In particular, China, India, and South East Asian Veterinary Healthcare markets present a compelling outlook for 2032, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Veterinary Healthcare Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Veterinary Healthcare Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Veterinary Healthcare market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Veterinary Healthcare.

Veterinary Healthcare Market Company Profiles

The global Veterinary Healthcare market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Boehringer Ingelheim International GmbH, Ceva Santй Animale, Elanco Animal Health Inc, IDEXX Laboratories Inc, INDICAL BIOSCIENCE GmbH, Innovative Diagnostics (IDVet), Merck & Co. Inc, Norbrook Laboratories Ltd, Phibro Animal Health Corp, Randox Laboratories Ltd, Thermo Fisher Scientific Inc, Vetoquinol, Virbac S.A., Zoetis Inc.

Recent Veterinary Healthcare Market Developments

The global Veterinary Healthcare market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Veterinary Healthcare Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Product

Therapeutics

-Vaccines

-Parasiticides

-Anti-infectives

-Medical Feed Additives

-Others

Diagnostics

-Immunodiagnostic Tests

-Molecular Diagnostics

-Diagnostic Imaging

-Clinical Chemistry

-Others

By Animal

Dogs and Cats

Horses

Ruminants

Swine

Poultry

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Boehringer Ingelheim International GmbH

Ceva Santй Animale

Elanco Animal Health Inc

IDEXX Laboratories Inc

INDICAL BIOSCIENCE GmbH

Innovative Diagnostics (IDVet)

Merck & Co. Inc

Norbrook Laboratories Ltd

Phibro Animal Health Corp

Randox Laboratories Ltd

Thermo Fisher Scientific Inc

Vetoquinol

Virbac S.A.

Zoetis Inc

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Veterinary Healthcare Market Overview and Key Findings, 2024
1.2 Veterinary Healthcare Market Size and Growth Outlook, 2021- 2030
1.3 Veterinary Healthcare Market Growth Opportunities to 2030
1.4 Key Veterinary Healthcare Market Trends and Challenges
  1.4.1 Veterinary Healthcare Market Drivers and Trends
  1.4.2 Veterinary Healthcare Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Veterinary Healthcare Companies

2. VETERINARY HEALTHCARE MARKET SIZE OUTLOOK TO 2030

2.1 Veterinary Healthcare Market Size Outlook, USD Million, 2021- 2030
2.2 Veterinary Healthcare Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. VETERINARY HEALTHCARE MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. VETERINARY HEALTHCARE MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Product
Therapeutics
-Vaccines
-Parasiticides
-Anti-infectives
-Medical Feed Additives
-Others
Diagnostics
-Immunodiagnostic Tests
-Molecular Diagnostics
-Diagnostic Imaging
-Clinical Chemistry
-Others
By Animal
Dogs and Cats
Horses
Ruminants
Swine
Poultry
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Veterinary Healthcare Market, 2025
5.2 Asia Pacific Veterinary Healthcare Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Veterinary Healthcare Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Veterinary Healthcare Market, 2025
5.5 Europe Veterinary Healthcare Market Size Outlook by Type, 2021- 2030
5.6 Europe Veterinary Healthcare Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Veterinary Healthcare Market, 2025
5.8 North America Veterinary Healthcare Market Size Outlook by Type, 2021- 2030
5.9 North America Veterinary Healthcare Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Veterinary Healthcare Market, 2025
5.11 South America Pacific Veterinary Healthcare Market Size Outlook by Type, 2021- 2030
5.12 South America Veterinary Healthcare Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Veterinary Healthcare Market, 2025
5.14 Middle East Africa Veterinary Healthcare Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Veterinary Healthcare Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Veterinary Healthcare Market Size Outlook and Revenue Growth Forecasts
6.2 US Veterinary Healthcare Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Veterinary Healthcare Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Veterinary Healthcare Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Veterinary Healthcare Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Veterinary Healthcare Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Veterinary Healthcare Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Veterinary Healthcare Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Veterinary Healthcare Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Veterinary Healthcare Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Veterinary Healthcare Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Veterinary Healthcare Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Veterinary Healthcare Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Veterinary Healthcare Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Veterinary Healthcare Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Veterinary Healthcare Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Veterinary Healthcare Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Veterinary Healthcare Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Veterinary Healthcare Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Veterinary Healthcare Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Veterinary Healthcare Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Veterinary Healthcare Industry Drivers and Opportunities

7. VETERINARY HEALTHCARE MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. VETERINARY HEALTHCARE COMPANY PROFILES

8.1 Profiles of Leading Veterinary Healthcare Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Boehringer Ingelheim International GmbH
Ceva Santй Animale
Elanco Animal Health Inc
IDEXX Laboratories Inc
INDICAL BIOSCIENCE GmbH
Innovative Diagnostics (IDVet)
Merck & Co. Inc
Norbrook Laboratories Ltd
Phibro Animal Health Corp
Randox Laboratories Ltd
Thermo Fisher Scientific Inc
Vetoquinol
Virbac S.A.
Zoetis Inc.

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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