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

Best reports on the animal healthcare industry

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

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.

 

 

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

 

 

 

You might be interested in these related markets

 

Understand the Veterinary Healthcare Industry Quickly & Get Actionable Data Easily. The Latest Reports with Statistics & Trends from Top Industry Sources
1-10 of about 500 reports

Global Veterinary Healthcare Statistics

  • January 2014
    7 pages
  • Poultry  

  • China  

    World  

View report >

Veterinary Healthcare Industry in the US

  • May 2015
    5 pages
  • Veterinary Heal  

  • United States  

    North America  

View report >

Veterinary Healthcare Statistics in Europe

  • March 2015
    16 pages
  • Veterinary Heal  

  • Europe  

    Germany  

View report >

Veterinary Healthcare Industry in Asia Forecast

  • September 2014
    18 pages
  • Veterinary Heal  

  • Asia  

    Nepal  

View report >

Veterinary Healthcare Industry in Japan

  • January 2015
    19 pages
  • Veterinary Heal  

  • Japan  

View report >

Veterinary Healthcare Industry in the UK

  • February 2015
    12 pages
  • Veterinary Heal  

    Agribusiness  

  • United Kingdom  

View report >

Veterinary Healthcare Statistics in Canada

  • February 2015
    7 pages
  • Veterinary Heal  

  • Canada  

View report >

Veterinary Healthcare Supply in India

  • January 2015
    11 pages
  • Veterinary Heal  

  • India  

View report >

Veterinary Healthcare Industry in China

  • March 2014
    7 pages
  • Influenza  

  • China  

View report >

Veterinary Healthcare Supply in Indonesia

  • June 2013
    150 pages
  • Logistics  

    Logistics Manag  

  • Indonesia  

View report >


About 100 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 99 - $ 4 850)

Future Horizons and Growth Strategies in the Global Animal Health Market 2015: Strategic Assessments of Leading Suppliers

Future Horizons and Growth Strategies in the Global Animal Health Market 2015: Strategic Assessments of Leading Suppliers

  • $ 4 850
  • Industry report
  • June 2015
  • by Venture Planning Group

This report provides a worldwide strategic overview of the animal health market, including: Five-year forecasts for:                     - Major market segments           ...

Competitive Intelligence 2015: Global Animal Health Mar ...

May 2015 $ 4 850

2015 Animal Health Market Consolidation: Who Will Not ...

May 2015 $ 4 850

2015 Animal Health: Accelerated Rate Of Change And Regu ...

June 2015 $ 3 850

Competitive Intelligence 2015: Analysis Of The Global A ...

May 2015 $ 3 450

Competitive Intelligence 2015: World Animal Health Mark ...

May 2015 $ 3 450

The 2016-2021 World Outlook For Veterinary Pharmaceutic ...

April 2015 $ 995

The 2016-2021 World Outlook For Veterinary Pharmaceutic ...

April 2015 $ 995

The 2016-2021 World Outlook For Veterinary Pharmaceutic ...

April 2015 $ 995

The 2016-2021 World Outlook For Veterinary Pharmaceutic ...

April 2015 $ 995

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.