Veterinary Animal Health Market | Growth, Trends and Forecast (2018-2023)
Veterinary Animal Health Market - Segmented by Product and Geography - Growth, Trends, and Forecast (2019 - 2024)


JUL 2018

Veterinary Animal Health Market - Segmented by Product and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The global Veterinary Animal Health market is expected to register a CAGR of 8.06% during the forecast period, 2018 to 2023. Veterinary medicines are associated with treatment, diagnosis, and prevention of diseases among animals. It covers a variety of animal species, both, in domestic and wild.

Increasing Productivity at the Risk of Emerging Zoonosis

The growing meat consumption, especially for chicken and pork, is adding to the exposure of dangerous foodborne pathogens. The E. coli and Salmonella infections cause serious diseases among people, and can even be fatal at times, which is possible during the intensive production systems. Moreover, there is a risk of emerging new strains of influenza viruses, due to the long distance transportation of animals. The farms are often in the same area, with a concentration of confined animals, which potentially enhances the risk of avian influenza transferring to pigs. The re-assortment of the virus can lead to new strains and cause infections among humans. Further, these farms increase the risk of spreading and mixing of virus strains. Intensive farm practices are causing the risk of emergence of these bacteria in the food, as stressed animals become more susceptible to infection. The risk from zoonotic diseases is fuelling the market for veterinary healthcare. Inter-governmental Organizations and the food productions are making reforms to ensure health by the process of surveillance and vaccination, investing in R&D, and transfer with respect to vet health.

Additionally, advanced technology leading to innovations in animal healthcare and increasing initiatives by government and animal welfare associations in different countries are also factors responsible for the growth of veterinary animal health market.

Increasing Costs of Animal Testing and Veterinary Services

Advances in veterinary care, over the past few years, have come at high price. For instance, costs to treat a torn Anterior Cruciate Ligament (ACL), a common dog injury, have soared to $2,000, more than double the amount ($800) people had paid in past. That doesn't include the costs of diagnostic testing, which can cost an additional amount of $500 to a pet owner's bill. Also, many diseases and injuries are diagnosed with an MRI, which used to be inaccessible to all but the most well-funded university hospitals. The MRI machines are available in many hospitals nationwide, and vets use this test as standard care for diagnosing and treating cancer, epilepsy, injury, etc., but the test itself also costs USD 2,000, since MRI machines are incredibly useful and important diagnostic tools, the cost of test is out of reach for many pet owners, who would struggle to be able to afford the surgery and/or treatment, following the MRI, let alone the cost of the test itself. Thus, increasing cost of animal testing and veterinary services is hindering the growth of the market.

Also, lack of infrastructure and funding and use of counterfeit medicines are restraining the growth of veterinary animal health market.

The United States to lead the Market in North America Region

The United States veterinary animal health market held the largest market share in 2017. In North America region, due to the healthcare infrastructure in the United States, it is experiencing positive trends in the R&D developments and presence of several major companies in the United States.


Key Developments in the Market:

  • June 2018: Elanco Animal Health introduced New Respiratory PRRS Vaccine, a modified-live respiratory vaccine, which is effective in the reduction of porcine reproductive and respiratory syndrome (PRRS), respiratory form, in piglets two weeks or older

Major Players: Zoetis animal healthcare, Merck, IDVet, Elanco, Bayer healthcare, Ceva Animal Health, Inc., Virbac, Boehringer Ingelheim, and Abaxis, amongst others.

Reasons to Purchase this Report

  • Current and future veterinary animal health market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

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1. Introduction

                1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

                5.1 Current Market Scenario

                5.2 Porters Five Forces

                                5.2.1 Bargaining Power of Suppliers

                                5.2.2 Bargaining Power of Consumers

                                5.2.3 Threats of New Entrants

                                5.2.4 Threat of Substitute Product and Services

                                5.2.5 Competitive Rivalry Within the Industry

6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                6.1 Market Driver

                                6.1.1 Advanced Technology Leading To Innovations In Animal Healthcare

                                6.1.2 Increasing Initiatives by Government and Animal Welfare Associations in Different Countries

                                6.1.3 Increasing Productivity at the Risk of Emerging Zoonosis

                6.2 Market Restraint

                                6.2.1 Lack of Infrastructure and Funding

                                6.2.2 Use of Counterfeit Medicines

                                6.2.3 Increasing Costs of Animal Testing And Veterinary Services

                6.3 Opportunities

                6.4 Challenges

7. Market Segmentation

                7.1 By Product Type

                                7.1.1 By Therapeutics




                                       Medical Feed Additives


                                7.1.2 By Diagnostics

                                       Immunodiagnostic Tests

                                       Molecular diagnostics

                                       Diagnostic Imaging

                                       Clinical Chemistry


                                7.1.3 By Animal Type

                                       Farm animal





                                       Companion Animal

                                                       Dogs & Cats



                7.2 By Geography

                                7.2.1 North America

                                       United States



                                7.2.2 Europe



                                       United Kingdom



                                       Rest of Europe

                                7.2.3 Asia-Pacific




                                       Australia & New Zealand

                                       South Korea

                                       Rest of Asia-Pacific

                                7.2.4 Middle East &  Africa


                                       South Africa

                                       Rest of Middle East & Africa

                                7.2.5 South America



                                       Rest of South America

8. Competitive Landscape

                8.1 Mergers and Acquisition Analysis

                8.2 Agreements, Collaborations & Partnerships

                8.3 New Products Launches

9. Key Players

                9.1 Zoetis animal healthcare

                9.2 Merck

                9.3 IDVet

                9.4 Elanco

                9.5 Bayer healthcare

                9.6 Ceva Animal Health, Inc.

                9.7 Virbac

                9.8 Boehringer Ingelheim

                9.9 Abaxis

                **List Not Exhausitive

10. Future Outlook of the Market

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