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India Veterinary Medicine Market Size, Share & Trends Analysis Report by Product (Biologics, Pharmaceuticals, Medicated Feed Additives), Animal Type, Route Of Administration (Oral, Injectable, Topical), Distribution Channel, and Segment Forecasts, 2024-2030

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    Report

  • 80 Pages
  • March 2024
  • Region: India
  • Grand View Research
  • ID: 5950094
Description Jump to:
The India veterinary medicine market size is anticipated to reach USD 3.55 billion by 2030, growing at a CAGR of 10.3% during the forecast period. The market growth is driven by new product releases, an increase in animal illness outbreaks, demand for animal protein, and awareness of the value of animal healthcare. Other factors fueling the market's expansion are development in veterinary medicine, regulatory assistance, and government initiatives in India. In August 2023, the G20 Pandemic Fund approved India's USD 25 million proposal to improve animal health security for pandemic preparedness and response.

Veterinary medicines are crucial for disease prevention, livestock health, and animal-derived food production. However, low biosecurity and traditional husbandry techniques pose risks of human transmission due to animal contact. Competition in the market is fueled by the presence of small and large enterprises offering a wide range of veterinary medications for various species and market sectors.

In September 2023, Boehringer Ingelheim India entered into a MoU with the Pet Practitioners Association of Mumbai to combat rabies in the Greater Mumbai area. Boehringer Ingelheim India has committed to donate 30,000 doses of its anti-rabies vaccine Rabisin (inactivated and adjuvant rabies glycoproteins) for the vaccination drive and conduct a month-long awareness drive in partnership with PPAM in schools and communities to educate the public about rabies prevention and the human-animal bond.

India Veterinary Medicine Market Report Highlights

  • Based on product, the pharmaceuticals segment dominated with a revenue share of more than 65% share in 2023, owing to increasing animal health expenditure, product portfolio expansion, R&D activities and new product launches by key companies
  • Based on animal type, the production animal segment dominated the market with the largest revenue share in 2023 pertaining to increasing demand for meat, dairy, and other animal-derived products in India
  • Based on route of administration, the injectable segment led with the largest revenue share in 2023. The varied benefits and availability of injectable are some of the key factors driving the segment’s growth.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Product
1.2.2. Animal type
1.2.3. Route of administration
1.2.4. Distribution channel
1.2.5. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. Internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity flow analysis (Model 1)
1.7.2. Volume price analysis (Model 2)
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Animal type outlook
2.2.3. Route of administration outlook
2.2.4. Distribution channel outlook
2.3. Competitive Insights
Chapter 3. Veterinary Medicine Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.3. Veterinary Medicine Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic Landscape
3.3.2.4. Social Landscape
3.3.2.5. Legal Landscape
3.3.2.6. Environmental Landscape
Chapter 4. Veterinary Medicine Market: Product Estimates & Trend Analysis
4.1. Product Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. Veterinary Medicine Market by Product Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
4.4.1. Biologics
4.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.1.1. Vaccines
4.4.1.1.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.1.1.1.1. Modified/ Attenuated live
4.4.1.1.1.1.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.1.1.1.2. Inactivated (Killed)
4.4.1.1.1.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.1.1.1.3. Other vaccines
4.4.1.1.1.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.1.2. Other biologics
4.4.1.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2. Pharmaceuticals
4.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.1.1. Parasiticides
4.4.2.1.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.1.2. Anti-infectives
4.4.2.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.1.3. Anti-inflammatory
4.4.2.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.1.4. Analgesics
4.4.2.1.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.1.5. Others
4.4.3. Medicated feed additives
4.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Veterinary Medicine Market: Animal Type Estimates & Trend Analysis
5.1. Animal Type Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. Veterinary Medicine Market by Animal Type Outlook
5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
5.4.1. Production animals
5.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.1.1.1. Poultry
5.4.1.1.1.1. Market estimated and forecasts 2018 to 2030 (USD Million)
5.4.1.1.2. Pigs
5.4.1.1.2.1. Market estimated and forecasts 2018 to 2030 (USD Million)
5.4.1.1.3. Cattle
5.4.1.1.3.1. Market estimated and forecasts 2018 to 2030 (USD Million)
5.4.1.1.4. Sheep & goats
5.4.1.1.4.1. Market estimated and forecasts 2018 to 2030 (USD Million)
5.4.1.1.5. Others
5.4.1.1.5.1. Market estimated and forecasts 2018 to 2030 (USD Million)
5.4.2. Companion animals
5.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.2.1.1. Dogs
5.4.2.1.1.1. Market estimated and Forecasts 2018 to 2030 (USD Million)
5.4.2.1.2. Cats
5.4.2.1.2.1. Market estimated and Forecasts 2018 to 2030 (USD Million)
5.4.2.1.3. Horses
5.4.2.1.3.1. Market estimated and Forecasts 2018 to 2030 (USD Million)
5.4.2.1.4. Others
5.4.2.1.4.1. Market estimated and forecasts 2018 to 2030 (USD Million)
Chapter 6. Veterinary Medicine Market: Route of Administration Estimates & Trend Analysis
6.1. Route of Administration Market Share, 2023 & 2030
6.2. Segment Dashboard
6.3. Veterinary Medicine Market by Route of Administration Outlook
6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
6.4.1. Oral
6.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.2. Injectable
6.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.3. Topical
6.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.4. Other routes
6.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Veterinary Medicine Market: Distribution Channel Estimates & Trend Analysis
7.1. Distribution Channel Market Share, 2023 & 2030
7.2. Segment Dashboard
7.3. Veterinary Medicine Market by Distribution Outlook
7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
7.4.1. Veterinary hospitals & clinics
7.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
7.4.2. E-commerce
7.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
7.4.3. Offline retail stores
7.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
7.4.4. Others
7.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company/Competition Categorization
8.3. Vendor Landscape
8.3.1. List of key distributors and channel partners
8.3.2. Key customers
8.3.3. Key company heat map analysis, 2023
8.4. Company Profiles
8.4.1. Zoetis Inc.
8.4.1.1. Company overview
8.4.1.2. Financial performance
8.4.1.3. Product benchmarking
8.4.1.4. Strategic initiatives
8.4.2. Ceva Sante Animale
8.4.2.1. Company overview
8.4.2.2. Financial performance
8.4.2.3. Product benchmarking
8.4.2.4. Strategic initiatives
8.4.3. Virbac
8.4.3.1. Company overview
8.4.3.2. Financial performance
8.4.3.3. Product benchmarking
8.4.3.4. Strategic initiatives
8.4.4. Boehringer Ingelheim International Gmbh
8.4.4.1. Company Overview
8.4.4.2. Financial performance
8.4.4.3. Product benchmarking
8.4.4.4. Strategic initiatives
8.4.5. Biovet
8.4.5.1. Company overview
8.4.5.2. Financial performance
8.4.5.3. Product benchmarking
8.4.5.4. Strategic initiatives
8.4.6. Sarabhai Chemicals
8.4.6.1. Company overview
8.4.6.2. Financial performance
8.4.6.3. Product benchmarking
8.4.6.4. Strategic initiatives
8.4.7. Growel Agrovet
8.4.7.1. Company overview
8.4.7.2. Financial performance
8.4.7.3. Product benchmarking
8.4.7.4. Strategic initiatives
8.4.8. LE Mantus Pharmaceuticals
8.4.8.1. Company overview
8.4.8.2. Financial performance
8.4.8.3. Product benchmarking
8.4.8.4. Strategic initiatives
8.4.9. Vetneeds Labs
8.4.9.1. Company overview
8.4.9.2. Financial performance
8.4.9.3. Product benchmarking
8.4.9.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 India veterinary medicine market, by product, 2018 - 2030 (USD Million)
Table 3 India veterinary medicine market, by animal type, 2018 - 2030 (USD Million)
Table 4 India veterinary medicine market, by route of administration, 2018 - 2030 (USD Million)
Table 5 India veterinary medicine market, by distribution channel, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Primary interviews in India
Fig. 5 Market research approaches
Fig. 6 Value-chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 India veterinary medicine market: market outlook
Fig. 10 India Veterinary Medicine Market Competitive Insights
Fig. 11 Parent market outlook
Fig. 12 Related/ancillary market outlook
Fig. 13 Penetration and growth prospect mapping
Fig. 14 India Veterinary Medicine Market Driver Impact
Fig. 15 India veterinary medicine market restraint impact
Fig. 16 India veterinary medicine market: Product movement analysis
Fig. 17 India veterinary medicine market: Product outlook and key takeaways
Fig. 18 Biologics market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 19 Vaccines market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 Modified/ Attenuated live market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 21 Inactivated (Killed) market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 22 Other vaccines market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 23 Other biologics market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 24 Pharmaceuticals market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 25 Parasiticides market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 26 Anti-infectives market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 27 Anti-inflammatory market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 28 Analgesics market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 29 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 30 Medicated feed additives market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 India veterinary medicine market: Animal type movement analysis
Fig. 32 India veterinary medicine market: Animal type outlook and key takeaways
Fig. 33 Production animals market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 34 Poultry market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Pigs market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Cattle market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Sheep & goats market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 Companion animals market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 Dogs market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Cats market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 42 Horses market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 India veterinary medicine market: Route of administration movement analysis
Fig. 45 India veterinary medicine market: Route of administration outlook and key takeaways
Fig. 46 Oral market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Injectable market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 Topical market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 49 Other routes market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 50 India veterinary medicine market: Distribution channel movement analysis
Fig. 51 India veterinary medicine market: Distribution channel outlook and key takeaways
Fig. 52 India veterinary hospitals & clinics market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 53 E-commerce market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 54 Offline retail stores market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 55 Others market estimates and forecasts, 2018 - 2030 (USD Million)

Companies Mentioned

  • Zoetis Inc.
  • Ceva Sante Animale
  • Virbac
  • Boehringer Ingelheim International Gmbh
  • Biovet
  • Sarabhai Chemicals
  • Growel Agrovet
  • LE Mantus Pharmaceuticals
  • Vetneeds Labs

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedMarch 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 1.8 Billion
Forecasted Market Value ( USD ) by 2030 $ 3.55 Billion
Compound Annual Growth Rate10.3%
Regions CoveredIndia
No. of Companies Mentioned9

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