Veterinary Therapeutics Market by Animal Type (Livestock Animals, Companion Animal), By Product Type (Drugs, Vaccine), By End-Use (Veterinary Clinics, Drug Stores, Veterinary Hospitals, And Pharmacies), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, And Forecast 2020 To 2027

  • Publish Date: Jun, 2020
  • Report ID: 418406
  • Category: Healthcare
  • Pages: 225
$4700

The global veterinary therapeutics market is expected to grow from USD 35 billion in 2019 to USD 54.95 billion by 2027, at a CAGR of 5.8% during the forecast period 2020-2027. 

A medical science that deals with animal health protection, prevention, alleviation, and remedy of diseases is called as Veterinary Therapeutics. Advances in veterinary therapeutics is due to advancement in technology and R&D activities. Veterinary therapeutics deals with the study of both companion as well as wild animals. It includes various approaches, including biological, nutrition products, and pharmaceuticals. Veterinary therapeutics also comprises of drugs that are used for the prevention of many diseases, healing of equine diseases, and prevention of equine from various pathological conditions. 

The factors driving the growth of the market are rising clinical animal researches to treat disease and related disorder, increased research and development investment in animal health, increase in ownership of companion animal and introduction & development of new drugs. The growing focus on improving the overall wellness of animals, rise in number of pet animals worldwide, significant progress in developing new vaccines, advancement in medical capabilities pertaining to the treatment of animals, and discovery of further medication to curb the occurrence of new diseases is essential factor driving the market. The factor hampering the growth of the market is the higher cost of animal treatment.

This study delivers a comprehensive analysis of type, product type, end-use, and region. The type segment includes livestock and companion animals. The companion animal segment is expected to grow due to increasing livestock and increasing ownership of companion animals. The product type segment includes drugs and vaccines. The vaccines market is expected to show a significant growth due to the rising pet adoption rate, the prevalence of zoonotic diseases and infections, increased expenditure on animal health, the growing pool of veterinarians, increasing animal health awareness and a large number of clinics and hospitals propels the market growth. The end-user segment includes veterinary clinics, drug stores, veterinary hospitals, and pharmacies. The veterinary hospital segment holds the largest number of shares, due to veterinary hospitals being the only solutions for the treatment of pets and other animals. Veterinary clinics holds the second-largest shares, owing to increasing clinics with cost-effective treatment. Drug stores segment is anticipated to grow in the future.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The market for veterinary therapeutics is dominated by North America, owing to continuous developments in veterinary therapeutics, an increasing number of companion pets, and favourable government regulations. Increasing expenditure on the well-being of pets is the factor dominating the market in Europe. The market in the Asia-Pacific region is expected to show significant growth due to іnсrеаѕіng аdорtіоn of fееd аddіtіvеѕ аmоng rural fаrmеrѕ and development of cost-effective vaccines for pets. Adoption of pets in China is anticipated to dominate the market in the Asia-Pacific region. Market in Latin-America and the Middle East and Africa is expected to show growth.

Some of the notable players in the market are Merck Animal Health, Elanco Animal Health, Dechra Pharmaceuticals PLC, Biovac, Vetoquinol S.A., The Chanelle Group, Boehringer Ingelheim GmbH, Zoetis, Inc., Virbac, ImmuCell Corporation, and Ceva Santé Animale.

Veterinary Therapeutics Market, By Animal Type

  • Livestock Animal
  • Companion Animal

Veterinary Therapeutics Market, Product Type

  • Drugs
  • Vaccines

Veterinary Therapeutics Market, By End Use

  • Veterinary Clinics
  • Drug Stores
  • Veterinary Hospitals
  • Pharmacies

Veterinary Therapeutics Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest Of MEA

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Product Type
          4.3.2. Market Attractiveness Analysis By Animal Type
          4.3.3. Market Attractiveness Analysis By End Use
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
    5.3. Restraints
    5.4. Opportunities
    5.5. Challenges
6. Global Veterinary Therapeutics Market Analysis and Forecast, By Product Type
    6.1. Segment Overview
    6.2. Drugs
    6.3. Vaccines
7. Global Veterinary Therapeutics Market Analysis and Forecast, By Animal Type
    7.1. Segment Overview
    7.2. Livestock Animal
    7.3. Companion Animal
8. Global Veterinary Therapeutics Market Analysis and Forecast, By End Use
    8.1. Segment Overview
    8.2. Veterinary Clinics
    8.3. Drug Stores
    8.4. Veterinary Hospitals
    8.5. Pharmacies
9. Global Veterinary Therapeutics Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa
10. Global Veterinary Therapeutics Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Veterinary Therapeutics Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions
11. Company Profiles
    11.1. Merck Animal Health
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Elanco Animal Health
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Dechra Pharmaceuticals PLC
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Biovac
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Vetoquinol S.A.
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. The Chanelle Group
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Boehringer Ingelheim GmbH
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Zoetis, Inc.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Virbac
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. ImmuCell Corporation
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Ceva Santé Animale
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis

List of Table

1. Global Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

2. Global Drugs In Veterinary Therapeutics Market, By Region, 2017–2027(USD Billion)

3. Global Vaccines In Veterinary Therapeutics Market, By Region, 2017–2027(USD Billion)

4. Global Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

5. Global Livestock Animal Veterinary Therapeutics Market, By Region, 2017–2027(USD Billion)

6. Global Companion Animal Veterinary Therapeutics Market, By Region, 2017–2027(USD Billion)

7. Global Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

8. Global Veterinary Clinics Veterinary Therapeutics Market, By Region, 2017–2027(USD Billion)

9. Global Drug Stores Veterinary Therapeutics Market, By Region, 2017–2027 (USD Billion)

10. Global Veterinary Hospitals Veterinary Therapeutics Market, By Region, 2017–2027 (USD Billion)

11. Global Veterinary Therapeutics Market, By Region, 2017–2027(USD Billion)

12. Global Veterinary Therapeutics Market, By North America, 2017–2027(USD Billion)

13. North America Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

14. North America Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

15. North America Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

16. U.S. Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

17. U.S. Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

18. U.S. Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

19. Canada Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

20. Canada Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

21. Canada Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

22. Mexico Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

23. Mexico Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

24. Mexico Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

25. Europe Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

26. Europe Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

27. Europe Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

28. Germany Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

29. Germany Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

30. Germany Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

31. France Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

32. France Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

33. France Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

34. U.K. Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

35. U.K. Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

36. U.K. Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

37. Italy Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

38. Italy Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

39. Italy Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

40. Spain Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

41. Spain Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

42. Spain Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

43. Asia Pacific Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

44. Asia Pacific Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

45. Asia Pacific Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

46. Japan Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

47. Japan Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

48. Japan Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

49. China Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

50. China Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

51. China Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

52. India Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

53. India Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

54. India Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

55. South America Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

56. South America Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

57. South America Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

58. Brazil Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

59. Brazil Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

60. Brazil Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

61. Middle East and Africa Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

62. Middle East and Africa Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

63. Middle East Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

64. UAE Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

65. UAE Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

66. UAE Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

67. South Africa Veterinary Therapeutics Market, By Product Type, 2017–2027(USD Billion)

68. South Africa Veterinary Therapeutics Market, By Animal Type, 2017–2027(USD Billion)

69. South Africa Veterinary Therapeutics Market, By End Use, 2017–2027(USD Billion)

 

List of Figures 

1. Global Veterinary Therapeutics Market Segmentation

2. Veterinary Therapeutics Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Veterinary Therapeutics Market Attractiveness Analysis By Product Type

9. Global Veterinary Therapeutics Market Attractiveness Analysis By Animal Type

10. Global Veterinary Therapeutics Market Attractiveness Analysis By End Use

11. Global Veterinary Therapeutics Market Attractiveness Analysis By Region

12. Global Veterinary Therapeutics Market: Dynamics

13. Global Veterinary Therapeutics Market Share By Product Type (2019 & 2027)

14. Global Veterinary Therapeutics Market Share By Animal Type (2019 & 2027)

15. Global Veterinary Therapeutics Market Share By End Use (2019 & 2027)

16. Global Veterinary Therapeutics Market Share by Regions (2019 & 2027)

17. Global Veterinary Therapeutics Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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