Top veterinary healthcare market reports

 
  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
9 votes
Share

Global Veterinary Industry

 

The global veterinary industry encompasses various veterinary health products such as biologicals, medicated feed additives and veterinary pharmaceuticals. Animal health product ranges are becoming more extensive, now including metabolic drugs, anti-infectives, reproductive aids, feed additives, vaccines, imaging diagnostics, topical solutions and parasite controls, reports TriMark Publications. Products used to treat chronic illnesses including cancer, cardiovascular disease and osteoarthritis, also fall into this market category.

 

Pet owners are spending more and more on caring for their pets’ health. In the US, consumer spending on domestic animals is forecast to reach $33 billion in 2014, according to research from Freedonia. Pet health product demand at the manufacturer level is expected to rise almost 6% yearly to reach $5.5 billion in 2014.

 

Market growth will be fuelled by an expanding pet population and changing attitudes that see owners treat their pets as companions or family members. Due to this new trend, the pet health market has fared the economic recession well, with owners reluctant to cut back on pet spending.

 

Key Market Segments

 

  • The bulk of the animal health market is comprised of products that aim to increase animal longevity and improve quality of life, such as vaccines, medical feed additives, antifungals, anthelmintics and parasiticides. Koncept Analytics breaks down the market in terms of categories based on animal species. The market can be broken down according to products used, with medicinal feed additives, biologics and parasiticides representing the three leading market segments. Pharmaceuticals represent the leading category and encompass anti-infectives, parasiticides and other drugs.

 

  • Products emphasizing prevention continue to record strong market growth, including parasiticides and dietary supplements. Prior to 2010 pharmaceuticals replaced parasiticides as the leading market segment. Due to the array of medical conditions affecting domestic animals, rising veterinary costs and greater awareness, many owners are opting to cover their pets with pet insurance policies. Owners are therefore in a better position to pay for costly veterinary procedures.

 

 

Regional Market Share

 

The Americas and the EU hold the lion’s share of the global animal health care market, reports Koncept Analytics. Both regions combined represent over 75% of the overall market.

 

 

Industry Leaders

 

  • The 10 leading companies in the global animal health care market hold the majority share of the overall market, with consolidation set to increase in the future. Leading names operating in the market include Bayer, Virbac, Alpharma, Merial, Pfizer, Tetnate, Novartis, Schering-Plough, Elanco/Eli Lilly, Merial and Fort Dodge/Wyeth.

 

 

Market Outlook

 

The global animal health care market is set to continue recording strong growth, driven by the humanization of domestic animals, reports Koncept Analytics. Owners are growing increasingly attached to their pets, and are therefore willing to dedicate a higher percentage of the household budget to caring for them.

 

Pet health spending will continue to expand due to developments in the realm of veterinary technology, while increasing pet longevity means that age-related illnesses like cancer and arthritis should continue to rise. With almost 40% of pets overweight or obese, weight-related medical conditions such as heart disease and diabetes are also on the up. Increasingly aware of the health issues that can face their pets, owners are investing more in preventative medicine to keep their pets healthy.

 

 

Leading Industry Associations

 

Find only the relevant veterinary healthcare market research out there - quickly. View the latest reports and analysis to perfect your research.
1-10 of about 300 reports

Global Veterinary Healthcare Industry Forecast

  • January 2014
    14 pages
  • Veterinary Heal  

    Healthcare  

  • United States  

    World  

    North America  

View report >

Veterinary Healthcare Sales Demand in the US

  • January 2015
    12 pages
  • Veterinary Heal  

  • United States  

    World  

View report >

Veterinary Healthcare Industry in Europe

  • March 2014
    18 pages
  • Veterinary Heal  

    Pathology  

  • Europe  

    World  

View report >

Veterinary Healthcare Industry in Asia Forecast

  • September 2014
    18 pages
  • Veterinary Heal  

  • Asia  

    Nepal  

View report >

Veterinary Healthcare market shares in Germany Forecast

  • January 2014
    16 pages
  • Veterinary Heal  

    Healthcare  

    Livestock  

  • Germany  

    Europe  

    United States  

View report >

Veterinary Healthcare Industry in the UK

  • January 2014
    114 pages
  • Veterinary Heal  

  • United Kingdom  

    Europe  

View report >

Veterinary Healthcare Market in Canada Forecast

  • January 2013
    6 pages
  • Veterinary Heal  

    Animal Health  

  • Canada  

View report >

Veterinary Healthcare Industry in China

  • March 2014
    7 pages
  • Veterinary Heal  

    Healthcare  

    Pathology  

  • China  

View report >

Veterinary Healthcare economic indicators in Australia

  • December 2013
    6 pages
  • Veterinary Heal  

  • Australia  

View report >

Veterinary Healthcare market trends in Australia Forecast

  • January 2013
    6 pages
  • Veterinary Heal  

    Veterinarian  

  • Australia  

    Oceania  

View report >


About 300 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 55 - $ 6 650)

Global Markets for Animal Therapeutics and Diagnostics

Global Markets for Animal Therapeutics and Diagnostics

  • $ 6 650
  • Industry report
  • January 2015
  • by BCC Research

REPORT HIGHLIGHTS The global market for animal therapeutics and diagnostics totaled $37.8 billion in 2014 and is expected to reach about $46.5 billion in 2019, registering a compound annual growth rate ...

2015 World Animal Health Market Outlook And Leading Sup ...

February 2015 $ 4 850

Veterinary Services World Report

February 2015 $ 4 609

Veterinary Service Lines World Report

February 2015 $ 4 609

2015 World Animal Health Market Outlook And Leading Sup ...

February 2015 $ 3 450

2015 World Animal Health Market Dynamics, Trends, And L ...

February 2015 $ 3 450

Animal Health Market 2015: Global Trends And Strategies ...

February 2015 $ 3 450

Veterinary Services Europe Report

February 2015 $ 2 969

Veterinary Service Lines Europe Report

February 2015 $ 2 969

Veterinary Services Middle East Report

February 2015 $ 2 969


ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.