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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.

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1-10 of about 200 reports

Global Veterinary Healthcare Industry Forecast

  • January 2016
    52 pages
  • Vaccine  

    Food  

  • World  

    Europe  

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Veterinary Healthcare Industry in the US

  • December 2015
    50 pages
  • Agriculture  

  • United States  

    North America  

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Veterinary Healthcare Industry in China and Asia Forecast

  • January 2015
    22 pages
  • Veterinary Heal  

  • China  

    Asia  

    World  

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Veterinary Healthcare Industry in the UK

  • July 2015
    48 pages
  • Veterinary Heal  

  • United Kingdom  

    Europe  

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Veterinary Healthcare Industry in Brazil

  • January 2015
    5 pages
  • Veterinary Heal  

  • Brazil  

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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 India

  • December 2014
    141 pages
  • Veterinary Heal  

  • India  

View report >

Veterinary Healthcare Industry in China

  • January 2015
    5 pages
  • Infectious Dise  

  • China  

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

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