1. Market Research
  2. > Healthcare Market Trends
  3. > Veterinary Healthcare

Veterinary Healthcare Industry: Comprehensive Market Analysis

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
10 votes

Topics under Veterinary Healthcare

Global Veterinary Industry

The global veterinary industry is a part of the wider healthcare sector. Veterinary pet care market encompasses various veterinary health products such as biologicals, medicated feed additives and veterinary pharmaceuticals. 

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.

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.

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. Veterinary industry statistics show that 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.

Read more »

Share
24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 200 reports

Global Veterinary Healthcare Industry Forecast

  • January 2016
    52 pages
  • Vaccine  

    Food  

  • World  

    Europe  

View report >

Veterinary Healthcare Industry in the US

  • January 2016
    10 pages
  • Veterinary Heal  

  • United States  

View report >

Veterinary Healthcare Markets in Europe Forecast

  • April 2016
    7 pages
  • Veterinary Heal  

  • Europe  

View report >

Veterinary Healthcare Industry in China and Asia Forecast

  • January 2015
    22 pages
  • Veterinary Heal  

  • China  

    Asia  

    World  

View report >

Veterinary Healthcare Industry in the UK Forecast

  • January 2016
    8 pages
  • Veterinary Heal  

  • United Kingdom  

    Europe  

View report >

Veterinary Healthcare Industry in Canada

  • January 2014
    11 pages
  • Veterinary Heal  

  • Canada  

    United States  

    North America  

View report >

Veterinary Healthcare Industry in Brazil

  • January 2015
    5 pages
  • Veterinary Heal  

  • Brazil  

View report >

Veterinary Healthcare Industry in Europe and Russia Forecast

  • April 2014
    5 pages
  • Veterinary Heal  

    Agriculture  

    Meat and Poultr  

  • Europe  

    Russian Federat  

    United States  

View report >

Veterinary Healthcare Industry in China

  • January 2016
    8 pages
  • Influenza  

    Poultry  

  • China  

    World  

View report >

Search in Veterinary Healthcare Industry (About 200 reports)
Parent industry: Healthcare
Related industries: Alternative Medicine, Blood Supply, Tissue Banking and Transplantation, General Medicine and Specialty Medicine, Managed Care, Medical Facility, E-Healthcare

About 200 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 99 - $ 4 903)

Animal Nutrition - Global Market Outlook (2015-2022) 

Animal Nutrition - Global Market Outlook (2015-2022) 

  • $ 4 157
  • Industry report
  • April 2016
  • by Stratistics MRC

According to Stratistics MRC, the Global Animal Nutrition Market accounted for $13.8 billion in 2015 and is expected to grow at a CAGR of 6.5% to reach $21.4 billion by 2022. Growing demand for healthy ...

2016-2020 Future Horizons And Growth Strategies In The ...

March 2016 $ 4 850

2016-2020 Animal Health Market Consolidation: Who Will ...

March 2016 $ 4 850

2016 Global Animal Health Market Outlook And Leading S ...

March 2016 $ 4 850

2016-2020 Competitivewatch Animal Health: Leading Suppl ...

March 2016 $ 4 850

2016-2020 World Animal Health Industry: Market Segment ...

March 2016 $ 4 850

2016-2020 Animal Health: Accelerated Rate Of Change And ...

March 2016 $ 3 850

China Animal Health Product Industry Industry, 2016

February 2016 $ 3 600

China Veterinary Pharmaceutical Manufacturing Industry, ...

February 2016 $ 3 600

2016 World Animal Health Market Outlook And Leading Su ...

March 2016 $ 3 450

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.