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Europe Veterinary Healthcare Market - Growth, Trends, and Forecast (2020 - 2025)
The Market is Segmented on the basis of Product, Animal Type, and Geography
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2024
Base Year:
2019
Major Players:
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Market Overview
The increasing initiatives by various governments across different regions of Europe, improved animal healthcare, the animals' propensity to develop diseases or disorders, owing to harsh climatic conditions, and the growing demand for various animal healthcare products and services, because of increasing pet ownership, are the major factors propelling the growth of the European veterinary healthcare market. According to the People's Dispensary for Sick Animals, in 2018, 49% of the adults in the United Kingdom owned a pet. Among them, 25% of the adults owned a pet cat (with an estimated population of 11.1 million pet cats) and 24% of the adults owned a pet dog (with an estimated population of 8.9 million pet dogs). However, the increasing costs of animal testing and veterinary services, shortage of farm workers and veterinarians, and the use of counterfeit medicines are restraining the growth of the European veterinary healthcare market.
Scope of the Report
As per the scope of this report, the veterinary healthcare market comprises therapeutic products and solutions for companion and farm animals. Companion animals can be tamed or adopted for companionship or as house/office guards, and farm animals are raised for meat and milk-related products. Companion animals include canines, felines, and equines. Farm animals include bovine, poultry, and porcine.
| By Product | |||||||
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| By Animal Type | |
| Dogs and Cats | |
| Horses | |
| Ruminants | |
| Swine | |
| Poultry | |
| Other Animals |
| Geography | ||||||||
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Key Market Trends
Anti-infectives are Expected to Lead the Market
Anti-infectives are used for the prevention and treatment of infections in animals. There is a wide range of anti-infectives developed and manufactured by different animal healthcare companies. Bacterial infection (pyoderma) in companion animals is mainly caused by two organisms - Staphylococcus pseudintermedius and Staphylococcus schleiferi. Some of the top companies of veterinary anti-infectives in Europe are Zoetis, Ceva Animal Healthcare, and Boehringer Ingelheim, among others. The Responsible Use of Medicines in Agriculture (RUMA), in Europe, provides guidelines for the responsible use of antimicrobials on cattle, sheep, and pigs, ensuring that the dairy farmers meet the antibiotic residue standard. However, antimicrobial resistance is a major concern that is threatening the effective prevention and treatment of infections caused by bacteria, parasites, viruses, and fungi. The initiatives by the British government, such as the five-year anti-microbial resistance strategy 2013-2018, which promotes the implementation of animal health laws and the development of anti-microbial agents, are expected to aid the growth of the market.
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Competitive Landscape
The major players in the European veterinary healthcare market are engaging in various growth strategies, such as collaborations, partnerships, agreements, mergers, and acquisitions, in order to enhance their market presence. Some of the key developments in the European veterinary healthcare market are:
In June 2018, Regeneron entered into a collaboration agreement with Zoetis, to research antibody therapies to be used in animal health. In 2018, Boehringer Ingelheim announced its plans to invest EUR 65 million in France, for the production of avian vaccines, as its demand increased due to an increase in poultry consumption.
Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.1.1 Advanced Technology Leading to Innovations in Animal Healthcare
4.1.2 Increasing Pet Ownership
4.1.3 Increasing Initiatives by Governments and Animal Welfare Associations
4.2 Market Restraints
4.2.1 Lack of Veterinarians and Shortage of Skilled Farm Workers
4.2.2 Decline in the Number of Farm Animals in Europe
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 By Therapeutics
5.1.1.1 Vaccines
5.1.1.2 Parasiticides
5.1.1.3 Anti-infectives
5.1.1.4 Medical Feed Additives
5.1.1.5 Other Therapeutics
5.1.2 By Diagnostics
5.1.2.1 Immunodiagnostic Tests
5.1.2.2 Molecular Diagnostics
5.1.2.3 Diagnostic Imaging
5.1.2.4 Clinical Chemistry
5.1.2.5 Other Diagnostics
5.2 By Animal Type
5.2.1 Dogs and Cats
5.2.2 Horses
5.2.3 Ruminants
5.2.4 Swine
5.2.5 Poultry
5.2.6 Other Animals
5.3 Geography
5.3.1 Europe
5.3.1.1 Germany
5.3.1.2 United Kingdom
5.3.1.3 France
5.3.1.4 Italy
5.3.1.5 Spain
5.3.1.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Zoetis Animal Healthcare
6.1.2 Abaxis Inc.
6.1.3 Elanco
6.1.4 Bayer AG
6.1.5 Ceva Animal Health Inc.
6.1.6 Virbac
6.1.7 Boehringer Ingelheim International GmbH
6.1.8 Idexx Laboratories
6.1.9 ECO Animal Health
6.1.10 MSD Animal Health
6.1.11 Vetoquinol UK Limited
*List Not Exhaustive7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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