The veterinary renal disease market size has grown strongly in recent years. It will grow from $14.55 billion in 2023 to $15.33 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growing disease awareness initiatives, a shift in consumer preferences towards natural and organic pet food, increasing pet ownership rates globally, regulatory changes in veterinary pharmaceuticals, and growing awareness about pet health and nutrition.
The veterinary renal disease market size is expected to see strong growth in the next few years. It will grow to $20.36 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to the emergence of personalized veterinary medicine, the expansion of telemedicine and remote monitoring in veterinary care, the rise in veterinary clinical trials and research, the adoption of blockchain technology for supply chain transparency in veterinary products, and the integration of artificial intelligence and machine learning in veterinary diagnostics. Major trends in the forecast period include increasing demand for veterinary teleconsultations, the surge in customized pet nutrition plans, the growth of wearable health monitoring devices for pets, the expansion of veterinary telemedicine platforms, and the adoption of precision medicine in veterinary oncology.
Increased pet ownership is expected to drive growth in the veterinary renal disease market. This market focuses on conditions affecting animals' kidneys, leading to impaired kidney function and symptoms such as increased thirst, frequent urination, and weight loss. The rise in veterinary renal disease is attributed to longer pet lifespans, exposure to environmental toxins, dietary factors, and genetic predispositions. Treatments for veterinary renal disease typically involve dietary management, medication, and fluid therapy to manage symptoms and improve quality of life. For example, Cooper Pet Care reported that the European Union, including Norway and Switzerland, is expected to have around 145 million pets by October 2022, up from approximately 140 million in 2021, with about 66 million dogs and 79 million cats. Therefore, the growth of pet ownership is fueling the veterinary renal disease market.
Key players in this market are focused on advancing treatment and diagnosis technologies, such as novel diagnostic tests capable of detecting kidney injury even before clinical signs appear. These tests aim to identify subtle changes in renal function or structure, enabling early intervention to prevent advanced renal dysfunction. For instance, in June 2023, IDEXX Laboratories Inc. introduced the IDEXX Cystatin B Test, the first veterinary diagnostic test for detecting kidney injury in cats and dogs. This test helps veterinarians identify kidney injury early, leading to improved patient outcomes. It will be integrated into test panels assessing renal health during an estimated two million patient visits annually.
In July 2022, Dechra Pharmaceuticals plc acquired Piedmont Animal Health LLC for $210 million, enhancing its product development capabilities and offering innovative solutions for veterinarians and pet owners in areas of unmet medical needs, including veterinary renal disease. Piedmont Animal Health LLC is known for providing medicines for this specific condition.
Major companies operating in the veterinary renal disease market are Bayer HealthCare Animal Health Inc., Nestlé Purina PetCare Company, Zoetis Inc., Boehringer Ingelheim, Covetrus Inc., Elanco Animal Health Incorporated, Hill's Pet Nutrition Inc., IDEXX Laboratories Inc., Ceva Santé Animale S.A., Dechra Pharmaceuticals PLC, Neogen Corporation, Vetoquinol S.A., Norbrook Laboratories Limited, Nutramax Laboratories Veterinary Sciences Inc., Animalcare Group plc, Antech Diagnostics Inc., Kindred Biosciences Inc., Vedco Inc., MSD Animal Health, Clinical Renal Associates, Veterinary Transplant Services Inc., Kibow Biotech Inc., Northwest Renal Clinic.
North America was the largest region in the veterinary renal disease market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary renal disease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the veterinary renal disease market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Veterinary renal disease encompasses a range of conditions that affect the kidneys of animals, resulting in impaired kidney function. This disruption affects the kidneys' ability to filter waste, balance fluids, and produce certain hormones, leading to various health issues.
The main types of veterinary renal disease involve diagnosis and treatment. Diagnosis involves reaching a conclusion through medical evaluation, identifying specific conditions or diseases affecting an individual animal's health. The types of animals affected include canine, feline, bovine, equine, and others, with indications such as renal failure, chronic kidney disease (CKD), renal cystitis, kidney stones, nephritis, among others. Treatment can be administered via injectable or oral routes and products are distributed through pharmacies, pet specialty stores, e-commerce platforms, and other channels.
The veterinary renal disease market research report is one of a series of new reports that provides veterinary renal disease market statistics, including veterinary renal disease industry global market size, regional shares, competitors with a veterinary renal disease market share, detailed veterinary renal disease market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary renal disease industry. This veterinary renal disease market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The veterinary renal disease market consists of revenues earned by entities by providing services such as laboratory testing, imaging services, and fluid therapy. The market value includes the value of related goods sold by the service provider or included within the service offering. The veterinary renal disease market also includes sales of angiotensin receptor blockers, phosphate binders, omega-3 fatty acids, and antioxidants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The veterinary renal disease market size is expected to see strong growth in the next few years. It will grow to $20.36 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to the emergence of personalized veterinary medicine, the expansion of telemedicine and remote monitoring in veterinary care, the rise in veterinary clinical trials and research, the adoption of blockchain technology for supply chain transparency in veterinary products, and the integration of artificial intelligence and machine learning in veterinary diagnostics. Major trends in the forecast period include increasing demand for veterinary teleconsultations, the surge in customized pet nutrition plans, the growth of wearable health monitoring devices for pets, the expansion of veterinary telemedicine platforms, and the adoption of precision medicine in veterinary oncology.
Increased pet ownership is expected to drive growth in the veterinary renal disease market. This market focuses on conditions affecting animals' kidneys, leading to impaired kidney function and symptoms such as increased thirst, frequent urination, and weight loss. The rise in veterinary renal disease is attributed to longer pet lifespans, exposure to environmental toxins, dietary factors, and genetic predispositions. Treatments for veterinary renal disease typically involve dietary management, medication, and fluid therapy to manage symptoms and improve quality of life. For example, Cooper Pet Care reported that the European Union, including Norway and Switzerland, is expected to have around 145 million pets by October 2022, up from approximately 140 million in 2021, with about 66 million dogs and 79 million cats. Therefore, the growth of pet ownership is fueling the veterinary renal disease market.
Key players in this market are focused on advancing treatment and diagnosis technologies, such as novel diagnostic tests capable of detecting kidney injury even before clinical signs appear. These tests aim to identify subtle changes in renal function or structure, enabling early intervention to prevent advanced renal dysfunction. For instance, in June 2023, IDEXX Laboratories Inc. introduced the IDEXX Cystatin B Test, the first veterinary diagnostic test for detecting kidney injury in cats and dogs. This test helps veterinarians identify kidney injury early, leading to improved patient outcomes. It will be integrated into test panels assessing renal health during an estimated two million patient visits annually.
In July 2022, Dechra Pharmaceuticals plc acquired Piedmont Animal Health LLC for $210 million, enhancing its product development capabilities and offering innovative solutions for veterinarians and pet owners in areas of unmet medical needs, including veterinary renal disease. Piedmont Animal Health LLC is known for providing medicines for this specific condition.
Major companies operating in the veterinary renal disease market are Bayer HealthCare Animal Health Inc., Nestlé Purina PetCare Company, Zoetis Inc., Boehringer Ingelheim, Covetrus Inc., Elanco Animal Health Incorporated, Hill's Pet Nutrition Inc., IDEXX Laboratories Inc., Ceva Santé Animale S.A., Dechra Pharmaceuticals PLC, Neogen Corporation, Vetoquinol S.A., Norbrook Laboratories Limited, Nutramax Laboratories Veterinary Sciences Inc., Animalcare Group plc, Antech Diagnostics Inc., Kindred Biosciences Inc., Vedco Inc., MSD Animal Health, Clinical Renal Associates, Veterinary Transplant Services Inc., Kibow Biotech Inc., Northwest Renal Clinic.
North America was the largest region in the veterinary renal disease market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary renal disease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the veterinary renal disease market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Veterinary renal disease encompasses a range of conditions that affect the kidneys of animals, resulting in impaired kidney function. This disruption affects the kidneys' ability to filter waste, balance fluids, and produce certain hormones, leading to various health issues.
The main types of veterinary renal disease involve diagnosis and treatment. Diagnosis involves reaching a conclusion through medical evaluation, identifying specific conditions or diseases affecting an individual animal's health. The types of animals affected include canine, feline, bovine, equine, and others, with indications such as renal failure, chronic kidney disease (CKD), renal cystitis, kidney stones, nephritis, among others. Treatment can be administered via injectable or oral routes and products are distributed through pharmacies, pet specialty stores, e-commerce platforms, and other channels.
The veterinary renal disease market research report is one of a series of new reports that provides veterinary renal disease market statistics, including veterinary renal disease industry global market size, regional shares, competitors with a veterinary renal disease market share, detailed veterinary renal disease market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary renal disease industry. This veterinary renal disease market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The veterinary renal disease market consists of revenues earned by entities by providing services such as laboratory testing, imaging services, and fluid therapy. The market value includes the value of related goods sold by the service provider or included within the service offering. The veterinary renal disease market also includes sales of angiotensin receptor blockers, phosphate binders, omega-3 fatty acids, and antioxidants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Veterinary Renal Disease Market Characteristics3. Veterinary Renal Disease Market Trends and Strategies32. Global Veterinary Renal Disease Market Competitive Benchmarking33. Global Veterinary Renal Disease Market Competitive Dashboard34. Key Mergers and Acquisitions in the Veterinary Renal Disease Market
4. Veterinary Renal Disease Market - Macro Economic Scenario
5. Global Veterinary Renal Disease Market Size and Growth
6. Veterinary Renal Disease Market Segmentation
7. Veterinary Renal Disease Market Regional and Country Analysis
8. Asia-Pacific Veterinary Renal Disease Market
9. China Veterinary Renal Disease Market
10. India Veterinary Renal Disease Market
11. Japan Veterinary Renal Disease Market
12. Australia Veterinary Renal Disease Market
13. Indonesia Veterinary Renal Disease Market
14. South Korea Veterinary Renal Disease Market
15. Western Europe Veterinary Renal Disease Market
16. UK Veterinary Renal Disease Market
17. Germany Veterinary Renal Disease Market
18. France Veterinary Renal Disease Market
19. Italy Veterinary Renal Disease Market
20. Spain Veterinary Renal Disease Market
21. Eastern Europe Veterinary Renal Disease Market
22. Russia Veterinary Renal Disease Market
23. North America Veterinary Renal Disease Market
24. USA Veterinary Renal Disease Market
25. Canada Veterinary Renal Disease Market
26. South America Veterinary Renal Disease Market
27. Brazil Veterinary Renal Disease Market
28. Middle East Veterinary Renal Disease Market
29. Africa Veterinary Renal Disease Market
30. Veterinary Renal Disease Market Competitive Landscape and Company Profiles
31. Veterinary Renal Disease Market Other Major and Innovative Companies
35. Veterinary Renal Disease Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Veterinary Renal Disease Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on veterinary renal disease market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for veterinary renal disease? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The veterinary renal disease market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Diagnosis; Treatment2) By Animal Type: Canine; Feline; Bovine; Equine; Other Animal Types
3) By Indication: Renal Failure; Chronic Kidney Disease (CKD); Renal Cystitis; Kidney Stones; Nephritis; Other Indications
4) By Route of Administration: Injectable; Oral
5) By Distribution Channel: Pharmacies; Pet Specialty Stores; E-commerce; Other Distribution Channels
Key Companies Mentioned: Bayer HealthCare Animal Health Inc.; Nestlé Purina PetCare Company; Zoetis Inc.; Boehringer Ingelheim; Covetrus Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Bayer HealthCare Animal Health Inc.
- Nestlé Purina PetCare Company
- Zoetis Inc.
- Boehringer Ingelheim
- Covetrus Inc.
- Elanco Animal Health Incorporated
- Hill's Pet Nutrition Inc.
- IDEXX Laboratories Inc.
- Ceva Santé Animale S.A.
- Dechra Pharmaceuticals PLC
- Neogen Corporation
- Vetoquinol S.A.
- Norbrook Laboratories Limited
- Nutramax Laboratories Veterinary Sciences Inc.
- Animalcare Group plc
- Antech Diagnostics Inc.
- Kindred Biosciences Inc.
- Vedco Inc.
- MSD Animal Health
- Clinical Renal Associates
- Veterinary Transplant Services Inc.
- Kibow Biotech Inc.
- Northwest Renal Clinic
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 15.33 Billion |
Forecasted Market Value ( USD | $ 20.36 Billion |
Compound Annual Growth Rate | 7.0% |
Regions Covered | Global |
No. of Companies Mentioned | 23 |