Veterinary Medicine Market (By Animal Type – Production, Companion. By Product – Biologics, Pharmaceuticals and Medicated Feed Additives. By Mode of Delivery – Oral, Parenteral and Other. By End-Use - Reference Laboratories, Point-of-care testing/In-house testing, Veterinary Hospitals & Clinics. By Geography – North America, Latin America, Europe, Asia Pacific, Middle East and Africa.) - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031. Post-Covid Analysis

The Global Veterinary Medicine Market was valued at $29.7 billion in 2020. Growing at a high CAGR of more than 8.9% between 2021 and 2031, it is estimated to reach $78.5 billion by 2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. Increased cases of zoonotic and chronic diseases are the main factors that will help to accelerate the drive of this market during the forecasted period. The global livestock population is also experiencing rapid growth during the past few decades. 

Global Veterinary Medicine Market Is Estimated To Witness Remarkable Growth

Source: SAI Research

The Global Veterinary Medicine Market has been segmented into animal type, product, and mode of delivery, end-use. On the basis of animal type Global Veterinary Medicine Market has been segmented into Production (Poultry, Swine, Cattle, Sheep & Goats, Fish), Companion (Dogs, Cats, Horses). On the basis of product it has been segmented into Biologics (Vaccine [Live attenuated vaccines, DNA Vaccines, Recombinant Vaccines, Inactivated Vaccines, Others], Pharmaceuticals (Parasiticides, Anti-infective, Anti-inflammatory, Analgesics, Others), Medicated Feed Additives. On the basis of mode of delivery, it has been segmented into Oral, Parenteral, Others (Topical, carrier). On the basis of end-use, it has been segmented into Reference Laboratories, Point-of-care testing/In-house testing, Veterinary Hospitals & Clinics, Others.

By Region, North America Is Holding The Major Market Share

The Global Veterinary Medicine Market has been geographically segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In addition to this, North America Global Veterinary Medicine Market is holding the largest market share at present and is estimated to witness a high compound annual growth rate during the upcoming forecasted period. The main factors that dominate the high presence of zoonotic diseases and favorable reimbursement programs are the main factors that have led this region to dominate the market during the forecasted period. Besides this Asia Pacific is also going to witness remarkable growth during the forecasted period.

Major Players In The Global Veterinary Medicine Market

Some of the major players in the Global Veterinary Medicine Market include Merck Animal Health, Ceva Sante Animale, Vetoquinol S.A., Zoetis, Boehringer Ingelheim GmbH, Elanco, Nutreco N.V., Virbac, Kindred Biosciences, Inc., Biogenesis Bago, Indian Immunologicals Ltd., Neogen Corporation, Hester Biosciences, Phibro Animal Health.

The Global Veterinary Medicine Market Has Been Segmented Into:

Global Veterinary Medicine Market, By Animal Type

• Production
  • Poultry
  • Swine
  • Cattle
  • Sheep & Goats
  • Fish
• Companion
  • Dogs
  • Cats
  • Horses
  • Others

Global Veterinary Medicine Market, By Product Type

• Biologics
• Vaccine
  • Live Attenuated Vaccines
  • DNA Vaccines
  • Recombinant Vaccines
  • Inactivated Vaccines
  • Others
• Pharmaceuticals
  • Parasiticides
  • Anti-infectives
  • Anti-inflammatory
  • Analgesics
  • Others
• Medicated Feed Additives

Global Veterinary Medicine Market, By Mode of Delivery

• Oral
• Parenteral
• Others
  • Topical
  • Carrier

Global Veterinary Medicine Market, By End-Use

• Reference Laboratories
• Point-of-care testing/In-house testing
• Veterinary Hospitals & Clinics
• Others

Global Veterinary Medicine Market, By Region

• North America
• USA
• Canada
• Mexico
• Rest of North America
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• India
• China
• Japan
• South Korea
• Rest of Asia Pacific
• Latin America, Middle East & Africa
• Brazil
• South Africa
• UAE
• Rest of LAMEA