The global Veterinary Drugs market is projected to grow at a significant rate in the estimated period. Since the previous few decades, the ownership of companion or livestock animals of many known and exotic breeds has remained high across developed countries. In this way, developing countries are also catching up. Livestock animals are mostly domesticated for their economic usefulness around the world. Companion animal dairy products, meat, fibres, and fertilizers have significant commercial value. Additionally, their labour is used in agriculture and farming. Besides this, humans have developed a fondness for caressing companion animals. Demand for veterinary drugs has increased as a result of these circumstances, as veterinarians and pet owners place a greater emphasis on protecting the health and well-being of companion animals. Each of these factors is anticipated to have a definite impact on the Veterinary Drugs market during the forecast period.
While the market continues to be threatened by the availability of low-quality counterfeit items, veterinary medications are becoming more affordable, which will keep demand rising in the future years.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Animal Type, Product Type, Route of Administration, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Zoetis, Inc., Boehringer Ingelheim GmbH, Bayer AG., Elanco Animal Health (Eli Lilly and Company), Ceva Santé Animale, Dechra Pharmaceuticals PLC., Merck & Co., Inc., Virbac, Vetoquinol, Others. |
Covid-19 Impact on Veterinary Drugs Market
In addition, the current Veterinary Drugs Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Veterinary Drugs Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Veterinary Drugs Market Segmentation
According to Animal Type, the Livestock Animal segment held the largest share in the Veterinary Drugs market. This is due to the high demand for high-quality protein and poultry meat. Furthermore, the companion animal segment will show strong growth in the forecast period. The increasing pet ownership and the rise in healthcare expenditure on them will boost this segment in the forthcoming years. Based on Product Type, the Anti-Infective segment held the largest share of the market.
Veterinary Drugs Market, By Animal Type
· Companion Animal
· Livestock Animal
Veterinary Drugs Market, By Product Type
· Anti-Infective
· Parasiticides
· Anti-Inflammatory
· Others
Veterinary Drugs Market, By Route of Administration
· Oral
· Parenteral
· Topical
Veterinary Drugs Regional Overview
Geographically, North America holds a dominant position in the market and going forward too will likely retain its stronghold. The region exhibits a higher incidence of pet ownership as compared to other regions. Furthermore, Europe is the second-largest region for the market. Again, in the coming years, the Asia Pacific and Latin America are also anticipated to contribute to revenue generated by the overall market. The growing occurrence of infectious diseases among animals will propel the demand for effective veterinary drugs in the Asia Pacific and Latin America.
Veterinary Drugs Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Veterinary Drugs Market, Key Players
· Zoetis, Inc.
· Boehringer Ingelheim GmbH
· Bayer AG.
· Elanco Animal Health (Eli Lilly and Company)
· Ceva Santé Animale
· Dechra Pharmaceuticals PLC.
· Merck & Co., Inc.
· Virbac, Vetoquinol
· Others
Frequently Asked Questions (FAQ) :
Q1. Which Segments are covered in the Veterinary Drugs Market report?
Q2. Which are the parts of the Route of Administration segment in the Veterinary Drugs market?
Q3. Which segment is projected to hold the largest share in the Veterinary Drugs Market?
Q4. Which region holds the largest share in the Veterinary Drugs market?
Q5. Which are the prominent players in the Veterinary Drugs Market?
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Veterinary Drugs Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Animal Type
- 5.2.1. Companion Animal
- 5.2.2. Livestock Animal
- 5.3. Market Analysis, Insights and Forecast – By Product Type
- 5.3.1. Anti-Infective
- 5.3.2. Parasiticides
- 5.3.3. Anti-Inflammatory
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Route of Administration
- 5.4.1. Oral
- 5.4.2. Parenteral
- 5.4.3. Topical
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Veterinary Drugs Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Animal Type
- 6.2.1. Companion Animal
- 6.2.2. Livestock Animal
- 6.3. Market Analysis, Insights and Forecast – By Product Type
- 6.3.1. Anti-Infective
- 6.3.2. Parasiticides
- 6.3.3. Anti-Inflammatory
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Route of Administration
- 6.4.1. Oral
- 6.4.2. Parenteral
- 6.4.3. Topical
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Veterinary Drugs Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Animal Type
- 7.2.1. Companion Animal
- 7.2.2. Livestock Animal
- 7.3. Market Analysis, Insights and Forecast – By Product Type
- 7.3.1. Anti-Infective
- 7.3.2. Parasiticides
- 7.3.3. Anti-Inflammatory
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Route of Administration
- 7.4.1. Oral
- 7.4.2. Parenteral
- 7.4.3. Topical
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Veterinary Drugs Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Animal Type
- 8.2.1. Companion Animal
- 8.2.2. Livestock Animal
- 8.3. Market Analysis, Insights and Forecast – By Product Type
- 8.3.1. Anti-Infective
- 8.3.2. Parasiticides
- 8.3.3. Anti-Inflammatory
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Route of Administration
- 8.4.1. Oral
- 8.4.2. Parenteral
- 8.4.3. Topical
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Veterinary Drugs Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Animal Type
- 9.2.1. Companion Animal
- 9.2.2. Livestock Animal
- 9.3. Market Analysis, Insights and Forecast – By Product Type
- 9.3.1. Anti-Infective
- 9.3.2. Parasiticides
- 9.3.3. Anti-Inflammatory
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Route of Administration
- 9.4.1. Oral
- 9.4.2. Parenteral
- 9.4.3. Topical
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Zoetis, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Boehringer Ingelheim GmbH
- 10.6. Bayer AG.
- 10.7. Elanco Animal Health (Eli Lilly and Company)
- 10.8. Ceva Santé Animale
- 10.9. Dechra Pharmaceuticals PLC.
- 10.10. Merck & Co., Inc.
- 10.11. Virbac, Vetoquinol
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
