Veterinary Medication Trends and Forecast
The future of the global veterinary medication market looks promising with opportunities in the veterinary hospital pharmacy and retail veterinary pharmacy markets. The global veterinary medication market is expected to reach an estimated $62.2 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are growing number of pet ownership, increasing global livestock population, and rising risk of chronic diseases among animals.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Veterinary Medication by Segment
The study includes a forecast for the global veterinary medication by product, route of administration, distribution channel, animal type, and region.Veterinary Medication Market by Product [Shipment Analysis by Value from 2018 to 2030]:
- Drugs
- Vaccines
- Medicated Feed Additives
Veterinary Medication Market by Route of Administration [Shipment Analysis by Value from 2018 to 2030]:
- Oral Route
- Parenteral Route
- Topical Route
Veterinary Medication Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
- Veterinary Hospitals Pharmacies
- Retail Veterinary Pharmacies
Veterinary Medication Market by Animal Type [Shipment Analysis by Value from 2018 to 2030]:
- Companion Animals
- Livestock Animals
Veterinary Medication Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Veterinary Medication Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies veterinary medication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the veterinary medication companies profiled in this report include-- Virbac
- Merck
- Archer Daniels Midland
- Dechra Pharmaceuticals
- Ceva Santé Animale
- Boehringer Ingelheim
- Soparfin
- Elanco Animal Health
- Evonik Industries AG
- Zoetis
Veterinary Medication Market Insights
The publisher forecasts that parenteral will remain the largest segment due to its easy availability and quick onset of action.Within this market, veterinary hospital pharmacy is expected to witness higher growth over the forecast period.
North America is expected to witness highest growth over the forecast period.
Features of the Global Veterinary Medication Market
- Market Size Estimates: Veterinary medication market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Veterinary medication market size by various segments, such as by product, route of administration, distribution channel, animal type, and region in terms of ($B).
- Regional Analysis: Veterinary medication market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different products, route of administrations, distribution channels, animal types, and regions for the veterinary medication market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the veterinary medication market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the veterinary medication market size?Answer: The global veterinary medication market is expected to reach an estimated $62.2 billion by 2030.
Q.2 What is the growth forecast for veterinary medication market?
Answer: The global veterinary medication market is expected to grow with a CAGR of 7.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the veterinary medication market?
Answer: The major drivers for this market are growing number of pet ownership, increasing global livestock population, and rising risk of chronic diseases among animals.
Q4. What are the major segments for veterinary medication market?
Answer: The future of the veterinary medication market looks promising with opportunities in the veterinary hospital pharmacy and retail veterinary pharmacy markets.
Q5. Who are the key veterinary medication market companies?
Answer: Some of the key veterinary medication companies are as follows:
- Virbac
- Merck
- Archer Daniels Midland
- Dechra Pharmaceuticals
- Ceva Santé Animale
- Boehringer Ingelheim
- Soparfin
- Elanco Animal Health
- Evonik Industries AG
- Zoetis
Answer: The publisher forecasts that parenteral will remain the largest segment due to its easy availability and quick onset of action.
Q7. In veterinary medication market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the veterinary medication market by product (drugs, vaccines, and medicated feed additives), route of administration (oral route, parenteral route, and topical route), distribution channel (veterinary hospitals pharmacies and retail veterinary pharmacies), animal type (companion animals and livestock animals), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Veterinary Medication Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Virbac
- Merck
- Archer Daniels Midland
- Dechra Pharmaceuticals
- Ceva Santé Animale
- Boehringer Ingelheim
- Soparfin
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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