According to a new market research report published by sheer analytics and insights, “The Global Veterinary Medicine Market was valued at $29.7 billion in 2021. Growing at a high CAGR of more than 8.9% between 2021 and 2031”, it is estimated to reach $78.5 billion by 2031, as per the latest market research report titled Global Veterinary Medicine Market - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
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Increased cases of zoonotic and chronic diseases are the main factors that will help to accelerate the drive of this market during the forecasted period. The global livestock population is also experiencing rapid growth during the past few decades. Also, the increased R&D and the procedural advancement increased consumption of mat and mandatory vaccination, pet adoption rates are the main factors that will help to drive the growth of the market during the forecasted period.
Geographically, The Global Veterinary Medicine Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
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The primary key players in Global Veterinary Medicine Market include Merck Animal Health, Ceva Sante Animale, Vetoquinol S.A., Zoetis, Boehringer Ingelheim GmbH, Elanco, Nutreco N.V., Virbac, Kindred Biosciences, Inc., Biogenesis Bago, Indian Immunologicals Ltd., Neogen Corporation, Hester Biosciences, Phibro Animal Health.
The Global Veterinary Medicine Market Has Been Segmented Into:
By Animal Type
- Production
- Poultry
- Swine
- Cattle
- Sheep & Goats
- Fish
- Companion
- Dogs
- Cats
- Horses
- Others
By Product Type
- Biologics
- Vaccine
- Live Attenuated Vaccines
- DNA Vaccines
- Recombinant Vaccines
- Inactivated Vaccines
- Others
- Pharmaceuticals
- Parasiticides
- Anti-infective
- Anti-inflammatory
- Analgesics
- Others
- Medicated Feed Additives
By Mode of Delivery
- Oral
- Parenteral
- Others
- Topical
- Carrier
By End-Use
- Reference Laboratories
- Point-of-care testing/In-house testing
- Veterinary Hospitals & Clinics
- Others
By Region
- North America
- USA
- Canada
- Mexico
- Rest of North America
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America, Middle East & Africa
- Brazil
- South Africa
- UAE
- Rest of LAMEA
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