Global Veterinary Medicine

Summary

Global Veterinary Medicine industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

Veterinary medicine is concerned with preventing, controlling, diagnosing, and treating diseases affecting the health of both food-producing and companion animals and preventing the transmission of animal diseases to humans. Market value represents revenue generated by market players in a specific year.
The global veterinary medicine market recorded revenues of $29.63 billion in 2023, representing a compound annual growth rate (CAGR) of 3.6% between 2018 and 2023.
The pharmaceutical segment accounted for the market's largest proportion in 2023, with total revenues of $15.82 billion, equivalent to 53.4% of the market's overall value.
The global market experienced growth driven by the rising trend of pet ownership, which notably boosts demand for veterinary services and pet health products. For example, the 2024 American Pet Products Association (APPA) National Pet Owners Survey reports that 82.0 million households in the US own a pet.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the veterinary medicine market in the global
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global veterinary medicine market
Leading company profiles reveal details of key veterinary medicine market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Global veterinary medicine market with five year forecasts

Reasons to Buy

What was the size of the Global veterinary medicine market by value in 2023?
What will be the size of the Global veterinary medicine market in 2028?
What factors are affecting the strength of competition in the Global veterinary medicine market?
How has the market performed over the last five years?
Who are the top competitors in the global's veterinary medicine market?

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What have been the most recent market developments?

8 Company Profiles

8.1. Zoetis Inc
8.2. Merck & Co., Inc.
8.3. Elanco Animal Health Inc
8.4. Boehringer Ingelheim GmbH

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related the analyst research
10.4. About the Analyst

List of Tables

Table 1: Global veterinary medicine market value: $ million, 2018-23
Table 2: Global veterinary medicine market category segmentation: % share, by value, 2018-23
Table 3: Global veterinary medicine market category segmentation: $ million, 2018-23
Table 4: Global veterinary medicine market geography segmentation: $ million, 2023
Table 5: Global veterinary medicine market value forecast: $ million, 2023-28
Table 6: Zoetis Inc: Key Facts
Table 7: Zoetis Inc: Annual Financial Ratios
Table 8: Zoetis Inc: Key Employees
Table 9: Zoetis Inc: Key Employees Continued
Table 10: Merck & Co., Inc.: Key Facts
Table 11: Merck & Co., Inc.: Annual Financial Ratios
Table 12: Merck & Co., Inc.: Key Employees
Table 13: Merck & Co., Inc.: Key Employees Continued
Table 14: Elanco Animal Health Inc: Key Facts
Table 15: Elanco Animal Health Inc: Annual Financial Ratios
Table 16: Elanco Animal Health Inc: Key Employees
Table 17: Elanco Animal Health Inc: Key Employees Continued
Table 18: Boehringer Ingelheim GmbH: Key Facts
Table 19: Boehringer Ingelheim GmbH: Key Employees
Table 20: Global Exchange Rate, 2018-23

List of Figures

Figure 1: Global veterinary medicine market value: $ million, 2018-23
Figure 2: Global veterinary medicine market category segmentation: $ million, 2018-23
Figure 3: Global veterinary medicine market geography segmentation: % share, by value, 2023
Figure 4: Global veterinary medicine market value forecast: $ million, 2023-28
Figure 5: Forces driving competition in the global veterinary medicine market, 2023
Figure 6: Drivers of buyer power in the global veterinary medicine market, 2023
Figure 7: Drivers of supplier power in the global veterinary medicine market, 2023
Figure 8: Factors influencing the likelihood of new entrants in the global veterinary medicine market, 2023
Figure 9: Factors influencing the threat of substitutes in the global veterinary medicine market, 2023
Figure 10: Drivers of degree of rivalry in the global veterinary medicine market, 2023

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Zoetis Inc
Merck & Co., Inc.
Elanco Animal Health Inc
Boehringer Ingelheim GmbH

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