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

The United States Veterinary Healthcare Market is segmented by Product (Therapeutics and Diagnostics), and by Animal Type.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

5 %

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Market Overview

The United States is among the major regions across the world which highly support the healthcare of veterinary animals both in companion animals (e.g. dogs, cats, and horses) and production (e.g. cattle, pigs, sheep, poultry, etc.) animal species categories. A large population investing in pet insurance, across the developed markets, is driving growth in the market being studied. As per the American Pet Production Association’s (APPA) National pet owners survey, 2017-2018 reports, the United States is home to 89.7 million dogs; 94.2 million cats; and 7.6 million horses. Moreover, 68% of United States households own pets, which is equal to 84.6 million homes, out of which 60.2 million households own dogs, 47.1 million houses own cats, and 2.6 million houses own horses. With the rising number of owners, there is a growing demand for routine veterinary services which majorly drives the demand of veterinary healthcare market in the United States.

Scope of the Report

Veterinary healthcare can be defined as the science associated with diagnosis, treatment, and prevention of diseases in animals. The increasing importance for the production of Livestock Animals is generating growth in the veterinary healthcare market.

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

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Key Market Trends

Medical Feed Additives Estimated to Obtain Good Growth Rate Over the Forecast Period

Medicinal feed additives are important ingredients added to an animal diet, to treat diseases and improve nutrition. It is a stress-free and safe manner in administering veterinary medicines and is as effective as other administrative routes, such as injection, in-water, and tablets. The production, supply, and use of medicinal feed additives are highly well-regulated at all the stages, by the United States. Recently in 2019, Trouw Nutrition, subsidiary of Nutreco, collaborated with Bayer Animal Health GmbH to drive the development of novel technologies and applications for the animal health and animal nutrition industries, with additional focus on medical feed additives. Hence, owing to the aforementioned factors, along with rising pet ownership is expected to drive the demand and usage of veterinary healthcare products.

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Competitive Landscape

The major market players are focusing imporved diagnostics technqies for animal care, specially protecting the aniamls from diseases from changing weather conditions. Some of the major players in the market are Boehringer Ingelheim International GmbH, Elanco Animal Health, Merck & Co. Inc., and Zoetis Inc, 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

    2. 4.2 Market Drivers

      1. 4.2.1 Advanced Technology Leading to Innovations in Animal Healthcare

      2. 4.2.2 Increasing Productivity at the Risk of Emerging Zoonosis

      3. 4.2.3 Increasing Initiatives by the Governments and Animal Welfare Associations

    3. 4.3 Market Restraints

      1. 4.3.1 High Costs Related to Animal Testing

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 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

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Boehringer Ingelheim International GmbH

      2. 6.1.2 Ceva Animal Health Inc

      3. 6.1.3 Elanco Animal Health

      4. 6.1.4 Idexx Laboratories

      5. 6.1.5 Merck & Co. Inc.

      6. 6.1.6 Randox Laboratories, Ltd

      7. 6.1.7 Virbac SA

      8. 6.1.8 Zoetis, Inc

  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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