The veterinary care market has experienced considerable growth since the past few years. Market growth can be associated with the introduction of highly efficient veterinary diagnostic tools that enables early disease diagnosis. The disease diagnosis rate in companion, as well as livestock, has drastically explicitly increased in South East Asian countries. Moreover, the veterinary market growth can be traced via the animal health market that is also growing significantly. For instance, Asia Pacific animal health market size is projected to reach ~ USD 23 billion by 2025 from around USD 17 billion in 2018, at a CAGR of 5.2% during the forecast period. The market growth is attributed to the rising animal diagnosis rate, improving economic conditions coupled with government initiatives. On similar lines, the Latin America animal health market size is projected to reach ~ USD 9 billion by 2025 from around USD 5.2 billion in 2018, at a CAGR of 7.3% during the forecast period. The government of emerging countries such as Chile & Colombia funds certain livestock healthcare programs that ensure routine health check-ups in farm animals. In conclusion, an increase in animal health market growth has created a paradigm shift in the veterinary care market that has proved beneficial for industry growth.
By animal type, companion animals such as dogs and cats receive maximum preventive as well as long term veterinary care.
Based on animal type, the veterinary care market has been categorized into dogs, cats, pigs, horses, poultry, cattle. Positive animal health trends were observed in dogs in countries such as Denmark, Singapore, the Czech Republic, and Finland. Similarly, animal medicalization rate in emerging countries has gradually started increasing. Several studies conducted to understand the pet ownership trends reveal that the majority of pet owners consider pets as their companions that have elevated the medicalization rate in animals.
By treatment type, under veterinary care segment is forecasted to experience considerable growth.
Based on treatment type, the animal treatment market is segmented into no medicalization, basic medicalization, and veterinary care. The percentage of animals receiving long-term veterinary care is expected to increase throughout the forecast timeframe. The rise in the number of animals receiving long term veterinary treatment can be associated with an increase in per capita income that subsequently leads to a rise in affordability rates. Due to a rise in the income level, owners can provide the necessary care to the animals.
Veterinary care is observed to be significantly high in the Asia Pacific.
The animal medicalization rate in South East Asian countries has increased since 2018. The rise in the medicalization rate in emerging countries is due to the improving awareness level. Awareness is promoted to educate the farm owners as well as the pet owners to enhance animal health. Anti-cruelty acts have been framed to reduce the harm that has been caused to stray animals. Rescue centers have been developed to protect the stray dogs and cats in South East Asian countries that have surged market growth.
The breakdown of primary participants is mentioned below:
- By Company / Association Type: Tier 1–30%, Tier 2–45%, and Tier 3–25%
- By Designation: C-level–35%, Director Level–25%, and Others–40%
- By Region: Europe–40%, Asia Pacific–15%, Latin America- 25%, Africa- 20%
Key Market Players
The leading players in the animal treatment market include Zoetis (US), Merck (US), Boehringer Ingelheim (Germany), Elanco (US), Ceva (France), Phibro Animal Health Corporation (US), Virbac SA (France), IDEXX Laboratories, Inc., Neogen Corporation (US), Heska Corporation (US) and others. These players undertake several strategic initiatives such as mergers, acquisitions, new product launches, and geographical expansions that helps them in sustaining market competition.
Research Coverage:
The animal treatment market report includes an in-depth analysis of the medicalization rate at the country level. Medicalization rate is a broad term that is categorized into animals that receive no medicalization, animals that receive basic medicalization, and animals that receive long-term veterinary care. Species such as dogs, cats, cattle, horses, pigs, and poultry were considered while analyzing the medicalization (treatment rate).
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening the market.
This report provides insights on the following pointers:
- Market Penetration: Animal treatment rates provided in this report will help the key players in the veterinary space to understand market dynamics at the country level. This will help in understanding the demand-supply gap.
- Business analytics: It is a kind of advisory study that will help the key industry players to undertake business-related decisions such as estimating the target audience while launching new products.
- Regulatory assessment: The report covers regulatory scenarios in different countries that will enable the clients to analyze the level of entry barriers.
- Risk assessment & mitigation: Detailed insights on animal medicalization rate and regulatory scenario will reduce the probability of failures during new product launch/ geographical expansions.
Table of Contents
1 Introduction
1.1 Objectives of the Study
Table 1 Countries Covered
Figure 1 Veterinary Care Analysis
Figure 2 Years Considered for the Study
1.2 Market Definition
Table 2 Market Definitions
2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analysis + Output
3 Animal Healthcare - Key Insights
3.1 Asia-Pacific Animal Health Market
Figure 5 Asia-Pacific Animal Healthcare
Figure 6 Competitive Leadership Mapping
3.2 Latin America Animal Health Market
Figure 7 Latin America Animal Healthcare
Figure 8 Competitive Leadership Mapping
4 Veterinary Care Market by Medicalization Type
4.1 No Medicalization
4.2 Basic Medicalization
4.3 Under Long Term Veterinary Care
5 Veterinary Care Market by Animal Type
5.1 Dogs
5.2 Cats
5.3 Horses
5.4 Cattle
5.5 Pigs
5.6 Poultry
6 Veterinary Care, by Country
6.1 Europe
Figure 9 Canne Population - European Countries
Figure 10 Feline Population - European Countries
6.1.1 Denmark
Table 3 Denmark: Percentage of Animals Receiving No Medicalization
Table 4 Denmark: Percentage of Animals Receiving Basic Medicalization
Table 5 Denmark: Percentage of Animals Under Veterinary Care
Figure 11 Denmark-Bovine Population
Figure 12 Denmark-Porcine Population
6.1.2 Czech Republic
Table 6 Czech Republic: Percentage of Animals Receiving No Medicalization
Table 7 Czech Republic: Percentage of Animals Receiving Basic Medicalization
Table 8 Czech Republic: Percentage of Animals Under Veterinary Care
Figure 13 Czech Republic--Poultry Population
Figure 14 Czech Republic--Porcine Population
6.1.3 Finland
Table 9 Finland: Percentage of Animals Receiving No Medicalization
Table 10 Finland: Percentage of Animals Receiving Basic Medicalization
Table 11 Finland: Percentage of Animals Under Veterinary Care
Figure 15 Finland- Poultry Population
Figure 16 Finland Porcine Population
6.1.4 Belgium
Table 12 Belgium: Percentage of Animals Receiving No Medicalization
Table 13 Belgium: Percentage of Animals Receiving Basic Medicalization
Table 14 Belgium: Percentage of Animals Under Veterinary Care
Figure 17 Belgium- Bovine Population
Figure 18 Belgium- Poultry Population
6.1.4 Greece
Table 15 Greece: Percentage of Animals Receiving No Medicalization
Table 16 Greece: Percentage of Animals Receiving Basic Medicalization
Table 17 Greece: Percentage of Animals Under Veterinary Care
Figure 19 Greece - Equine Population
Figure 20 Greece -Porcine Population
6.1.6 Sweden
Table 18 Sweden: Percentage of Animals Receiving No Medicalization
Table 19 Sweden: Percentage of Animals Receiving Basic Medicalization
Table 20 Sweden: Percentage of Animals Under Veterinary Care
Figure 21 Sweden Equine Population
Figure 22 Sweden Poultry Population
6.1.7 Portugal
Table 21 Portugal: Percentage of Animals Receiving No Medicalization
Table 22 Portugal: Percentage of Animals Receiving Basic Medicalization
Table 23 Portugal: Percentage of Animals Under Veterinary Care
Figure 23 Portugal Bovine Population
Figure 24 Portugal Poultry Population
6.1.8 Norway
Table 24 Norway: Percentage of Animals Receiving No Medicalization
Table 25 Norway: Percentage of Animals Receiving Basic Medicalization
Table 26 Norway: Percentage of Animals Under Veterinary Care
Table 25 Norway: Percentage of Animals Receiving Basic Medicalization
Table 26 Norway: Percentage of Animals Under Veterinary Care
6.2 Asia-Pacific
6.2.1 Indonesia
Table 42 Indonesia: Percentage of Animals Receiving No Medicalization
Table 43 Indonesia: Percentage of Animals Receiving Basic Medicalization
Table 44 Indonesia: Percentage of Animals Under Veterinary Care
Figure 37 Indonesia Bovine Population
Figure 38 Indonesia Poultry Population
6.2.2 Malaysia
Table 45 Malaysia: Percentage of Animals Receiving No Medicalization
Table 46 Malaysia: Percentage of Animals Receiving Basic Medicalization
Table 47 Malaysia: Percentage of Animals Under Veterinary Care
Figure 39 Malaysia Bovine Population
Figure 40 Malaysia Poultry Population
6.2.3 New Zealand
Table 48 New Zealand: Percentage of Animals Receiving No Medicalization
Table 49 New Zealand: Percentage of Animals Receiving Basic Medicalization
Table 50 New Zealand: Percentage of Animals Under Veterinary Care
Figure 41 New Zealand Bovine Population
Figure 42 New Zealand Poultry Population
6.2.4 Singapore
Table 51 Singapore: Percentage of Animals Receiving No Medicalization
Table 52 Singapore: Percentage of Animals Receiving Basic Medicalization
Table 53 Singapore: Percentage of Animals Under Veterinary Care
Figure 43 Singapore Porcine Population
Figure 44 Singapore Poultry Population
6.2.5 Vietnam
Table 54 Vietnam: Percentage of Animals Receiving No Medicalization
Table 55 Vietnam: Percentage of Animals Receiving Basic Medicalization
Table 56 Vietnam: Percentage of Animals Under Veterinary Care
Figure 45 Vietnam Bovine Population
Figure 46 Vietnam Poultry Population
6.2.6 Philippines
Table 57 Philipinnes: Percentage of Animals Receiving No Medicalization
Table 58 Philippines: Percentage of Animals Receiving Basic Medicalization
Table 59 Philippines: Percentage of Animals Under Veterinary Care
Figure 47 Philippines Bovine Population
Figure 48 Philippines: Poultry Population
6.3 Latin America
6.3.1 Argentina
Table 27 Argentina: Percentage of Animals Receiving No Medicalization
Table 28 Argentina: Percentage of Animals Receiving Basic Medicalization
Table 29 Argentina: Percentage of Animals Under Veterinary Care
Figure 27 Argentina: Equine Population
Figure 28 Argentina Poultry Population
6.3.2 Brazil
Table 30 Brazil: Percentage of Animals Receiving No Medicalization
Table 31 Brazil: Percentage of Animals Receiving Basic Medicalization
Table 32 Brazil: Percentage of Animals Under Veterinary Care
Table 31 Brazil: Percentage of Animals Receiving Basic Medicalization
Table 32 Brazil: Percentage of Animals Under Veterinary Care
6.3.3 Mexico
Table 33 Mexico: Percentage of Animals Receiving No Medicalization
Table 34 Mexico: Percentage of Animals Receiving Basic Medicalization
Table 35 Mexico: Percentage of Animals Under Veterinary Care
Figure 31 Mexico Bovine Population
Figure 32 Mexico Poultry Population
6.3.4 Colombia
Table 36 Colombia: Percentage of Animals Receiving No Medicalization
Table 37 Colombia: Percentage of Animals Receiving Basic Medicalization
Table 38 Colombia: Percentage of Animals Under Veterinary Care
Figure 33 Colombia Bovine Population
Figure 34 Colombia Poultry Population
6.3.5 Chile
Table 39 Chile: Percentage of Animals Receiving No Medicalization
Table 40 Chile: Percentage of Animals Receiving Basic Medicalization
Table 41 Chile: Percentage of Animals Under Veterinary Care
Figure 35 Chile Bovine Population
Figure 36 Chile Poultry Population
6.4 South Africa
Table 60 South Africa: Percentage of Animals Receiving No Medicalization
Table 61 South Africa: Percentage of Animals Receiving Basic Medicalization
Table 62 South Africa: Percentage of Animals Under Veterinary Care
Figure 49 South Africa: Bovine Population)
Figure 50 South Africa: Poultry Population
7 Appendix
7.1 Knowledge Store: The Subscription Portal
7.2 Author Details
Companies Mentioned
- Boehringer Ingelheim
- Ceva
- Elanco
- Heska Corporation
- IDEXX Laboratories Inc.
- Merck
- Neogen Corporation
- Phibro Animal Health Corporation
- Virbac SA
- Zoetis
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 76 |
| Published | September 2020 |
| Forecast Period | 2018 - 2025 |
| Estimated Market Value ( USD | $ 17 billion |
| Forecasted Market Value ( USD | $ 23 billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
