Europe Veterinary Healthcare Market - Growth, Trends, and Forecasts (2020 - 2025)

The Europe Veterinary Healthcare Market is Segmented on the basis of Product (by Therapeutics and by Diagnostics), Animal Type, and Geography

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

5 %

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Market Overview

Europe veterinary healthcare is primarily driven by increasing initiatives by various governments, improved animal healthcare, and rising animal adoption in European countries. 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).

Furthermore, advancements in animal diagnostic technologies for accurate diagnostics and the presence of some of the key market players in the region expected to propel the market growth. For instance, in April 2019, Vita Animal Health has launched a range of veterinary specific animal health supplements in the United Kingdom. The range is already established in several European countries and includes products to support cardiovascular, joint and skin health in cats, dogs, rabbits and horses.

However, the increasing costs of animal testing and veterinary services, shortage of farmworkers 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 and diagnostic 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
By Therapeutics
Vaccines
Parasiticides
Anti-infectives
Medical Feed Additives
Other Therapeutics
By Diagnostics
Immunodiagnostic Tests
Molecular Diagnostics
Diagnostic Imaging
Clinical Chemistry
Other Diagnostics
By Animal Type
Dogs and Cats
Horses
Ruminants
Swine
Poultry
Other Animals
Geography
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe

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Key Market Trends

Anti-infectives are Expected to Have Significant Share

  • 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.
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.

The key market players operating in European veterinary healthcare market include Zoetis Animal Healthcare, Boehringer Ingelheim, Ceva , Elanco and Vetoquinol among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

      1. 4.1.1 Advanced Technology Leading to Innovations in Animal Healthcare

      2. 4.1.2 Increasing Pet Ownership

      3. 4.1.3 Increasing Initiatives by Governments and Animal Welfare Associations

    2. 4.2 Market Restraints

      1. 4.2.1 Lack of Veterinarians and Shortage of Skilled Farm Workers

      2. 4.2.2 Decline in the Number of Farm Animals in Europe

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 By Therapeutics

        1. 5.1.1.1 Vaccines

        2. 5.1.1.2 Parasiticides

        3. 5.1.1.3 Anti-infectives

        4. 5.1.1.4 Medical Feed Additives

        5. 5.1.1.5 Other Therapeutics

      2. 5.1.2 By Diagnostics

        1. 5.1.2.1 Immunodiagnostic Tests

        2. 5.1.2.2 Molecular Diagnostics

        3. 5.1.2.3 Diagnostic Imaging

        4. 5.1.2.4 Clinical Chemistry

        5. 5.1.2.5 Other Diagnostics

    2. 5.2 By Animal Type

      1. 5.2.1 Dogs and Cats

      2. 5.2.2 Horses

      3. 5.2.3 Ruminants

      4. 5.2.4 Swine

      5. 5.2.5 Poultry

      6. 5.2.6 Other Animals

    3. 5.3 Geography

      1. 5.3.1 Europe

        1. 5.3.1.1 Germany

        2. 5.3.1.2 United Kingdom

        3. 5.3.1.3 France

        4. 5.3.1.4 Italy

        5. 5.3.1.5 Spain

        6. 5.3.1.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Zoetis Animal Healthcare

      2. 6.1.2 Abaxis Inc.

      3. 6.1.3 Elanco

      4. 6.1.4 Bayer AG

      5. 6.1.5 Ceva Animal Health Inc.

      6. 6.1.6 Virbac

      7. 6.1.7 Boehringer Ingelheim International GmbH

      8. 6.1.8 Idexx Laboratories

      9. 6.1.9 ECO Animal Health

      10. 6.1.10 MSD Animal Health

      11. 6.1.11 Vetoquinol UK Limited

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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