Veterinary Care Market

Veterinary Care Market by Treatment Type (No medicalization, Basic Medicalization, and Under Long Term Veterinary Care), Animal Type (Dogs, Cats, Cattle, Horses, Pigs, and Poultry), and Region - Forecasts to 2025

Report Code: MD 7736 Sep, 2020, by marketsandmarkets.com

[76 Pages Report] The veterinary care market is expected to foresee positive trends throughout the forecast period. Substantial market growth can be attributed to the rising initiatives undertaken by the regulatory authorities. Government authorities collaborate with veterinarians and develop schemes that assure the availability of optimum inventory at fields for treating the farm animals. Furthermore, veterinary care market growth can be tracked based on animal health product consumption. An increase in demand for animal health products showcases growth trends for the veterinary care market. There has been a considerable demand for animal health products in Asian countries, and the animal health market is predicted to grow at 5.2% during the forecast period. Similarly, Latin America animal health market size is projected to reach around USD 9 billion by 2025 from around USD 5.2 billion in 2018, at a CAGR of 7.3% during the forecast period. Thus, positive trends in the animal health market will have a subsequent impact on the veterinary market growth.

Veterinary Care Market

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Livestock animals such as cattle and poultry are expected to receive maximum medicalization in the coming years

The animal type segment of the veterinary care market is bifurcated further into dogs, cats, pigs, poultry, cattle, and horses. Livestock animals such as cattle and poultry are expected to experience higher medicalization rates during the forecast years. In emerging economies such as the Philippines and Vietnam, earlier, poultry health was neglected, and owners used to discard the chickens in bulk during a virus outbreak. Similar was the condition of a few cattle farms. Unorganized farms were often neglected, and that hampered the overall meat production in such countries. However, the current laws have been framed to scrutinize the situation in farms and ensure maximum animal protection.

The decline in non-medicalized animals has positively impacted the veterinary care market.

Based on the type of treatment, the veterinary care market is segmented into no medicalization, basic medicalization, and under veterinary care. The percentage of non-medicalized animals is going to experience a decline over the next few years. The major reason behind this sharp decrease in no medicalization in animals is rising awareness amongst the farm as well as the pet owners. Moreover, government initiatives to promote animal welfare has also raised the medicalization rate in animals; thus, proving beneficial for the overall market.

Latin America veterinary care market will experience considerable growth during the forecast years, by region

Latin America is one of the regions that has experienced significant growth in animal health space for the past few years. Countries such as Brazil and Argentina have shown potential demand for veterinary products and services. Several major players in the veterinary space have considered expansion Latin America due to the enormous growth opportunities it offers in the animal health industry.

Key market players

The leading players in the animal treatment market include Zoetis (US), Merck (US), Boehringer Ingelheim (Germany), Elanco (US), Ceva (France), Phibro Animal Health Corporation (US), Virbac SA (France), IDEXX Laboratories, Inc., Neogen Corporation (US), Heska Corporation (US) and others. These players undertake several strategic initiatives such as mergers, acquisitions, new product launches, and geographical expansions that helps them in sustaining market competition.

Scope of the Report:

Report Metric

Details

Market size available for years

2018–2025

Base year considered

2018

Forecast period

2018-2025

Forecast units

Percentage

Segments covered

  • Animal Type and Treatment Type

Geographies covered

Europe, Latin America, Asia Pacific, and Africa

The research report categorizes the market into the following segments and subsegments:

By Animal Type

  • Dogs
  • Cats
  • Cattle
  • Pigs
  • Horses
  • Poultry

By Medicalization Type

  • No medicalization
  • Basic Medicalization
  • Veterinary Care

By Country/Region

  • Europe
    • Denmark
    • Finland
    • Greece
    • Norway
    • Portugal
    • Belgium
    • Czech Republic
    • Sweden
  • Asia Pacific
    • Singapore
    • New Zealand
    • Vietnam
    • Philippines
    • Malaysia
    • Indonesia
  • Latin America
    • Brazil
    • Argentina
    • Colombia
    • Mexico
    • Chile
  • Africa
    • South Africa

Recent Developments

  • In February 2020, Zoetis acquired Ethos Diagnostic Science. This acquisition will not only expand company’s product portfolio but will also help the company to grow exponentially in the veterinary space.
  • In November 2019, Zoetis acquired ZNLabs a reference laboratory company that is operational across the U.S. This has helped the company to enhance its offerings and improve its business performance
  • In June 2020, Merck completed the acquisition of a Quantified Ag leading data analytics company that monitors cattle temperature and helps in the early detection of any disease. This acquisition will diversify Merck’s veterinary product offerings and will positively impact the company’s profitability.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION
    1.1 OBJECTIVES OF THE STUDY
           TABLE 1 COUNTRIES COVERED
           FIGURE 1 VETERINARY CARE ANALYSIS
           FIGURE 2 YEARS CONSIDERED FOR THE STUDY
    1.2 MARKET DEFINITION
                    TABLE 2 MARKET DEFINITIONS

2 RESEARCH METHODOLOGY
    2.1 SECONDARY RESEARCH
    2.2 PRIMARY RESEARCH
    2.3 ANALYSIS + OUTPUT

3 ANIMAL HEALTHCARE– KEY INSIGHTS
    3.1 ASIA PACIFIC ANIMAL HEALTH MARKET 
           FIGURE 5 ASIA PACIFIC ANIMAL HEALTHCARE
           FIGURE 6 COMPETITIVE LEADERSHIP MAPPING
    3.2 LATIN AMERICA ANIMAL HEALTH MARKET
           FIGURE 7 LATIN AMERICA ANIMAL HEALTHCARE
           FIGURE 8 COMPETITIVE LEADERSHIP MAPPING

4 VETERINARY CARE MARKET BY MEDICALIZATION TYPE
    4.1 NO MEDICALIZATION 
    4.2 BASIC MEDICALIZATION
    4.3 UNDER LONG TERM VETERINARY CARE

5 VETERINARY CARE MARKET BY ANIMAL TYPE
    5.1 DOGS 
    5.2 CATS
    5.3 HORSES
    5.4 CATTLE
    5.5 PIGS
    5.6 POULTRY

6 VETERINARY CARE, BY COUNTRY
    6.1 EUROPE
           FIGURE 9 CANNE POPULATION- EUROPEAN COUNTRIES
           FIGURE 10  FELINE POPULATION- EUROPEAN COUNTRIES
           6.1.1 DENMARK
                    TABLE 3 DENMARK: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 4 DENMARK: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 5 DENMARK: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 11  DENMARK-BOVINE POPULATION
                    FIGURE 12 DENMARK-PORCINE POPULATION
           6.1.2 CZECH REPUBLIC
                    TABLE 6 CZECH REPUBLIC: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 7 CZECH REPUBLIC: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 8 CZECH REPUBLIC: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 13 CZECH REPUBLIC--POULTRY POPULATION
                    FIGURE 14 CZECH REPUBLIC--PORCINE POPULATION
           6.1.3 FINLAND
                    TABLE 9 FINLAND: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 10 FINLAND: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 11 FINLAND: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 15 FINLAND- POULTRY POPULATION
                    FIGURE 16 FINLAND PORCINE POPULATION
           6.1.4 BELGIUM
                    TABLE 12 BELGIUM: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 13 BELGIUM: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 14 BELGIUM: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 17 BELGIUM- BOVINE POPULATION
                    FIGURE 18  BELGIUM- POULTRY POPULATION
           6.1.4 GREECE
                    TABLE 15 GREECE: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 16 GREECE: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 17 GREECE: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 19 GREECE- EQUINE POPULATION
                    FIGURE 20 GREECE-PORCINE POPULATION
           6.1.6 SWEDEN
                    TABLE 18 SWEDEN: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 19 SWEDEN: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 20 SWEDEN: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 21 SWEDEN EQUINE POPULATION
                    FIGURE 22 SWEDEN POULTRY POPULATION
           6.1.7 PORTUGAL
                    TABLE 21 PORTUGAL: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 22 PORTUGAL: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 23 POTUGAL: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 23 PORTUGAL BOVINE POPULATION
                    FIGURE 24  PORTUGAL POULTRY POPULATION
           6.1.8 NORWAY
                    TABLE 24 NORWAY: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 25 NORWAY: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 26 NORWAY: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    TABLE 25 NORWAY: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 26 NORWAY: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
    6.2 ASIA PACIFIC
           6.2.1 INDONESIA
                    TABLE 42 INDONESIA: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 43 INDONESIA: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 44 INDONESIA: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 37 INDONESIA BOVINE POPULATION
                    FIGURE 38 INDONESIA POULTRY POPULATION
           6.2.2 MALAYSIA
                    TABLE 45 MALAYSIA: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 46 MALAYSIA: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 47 MALAYSIA: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 39 MALAYSIA BOVINE POPULATION
                    FIGURE 40 MALAYSIA POULTRY POPULATION
           6.2.3 NEW ZEALAND
                    TABLE 48 NEW ZEALAND: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 49 NEW ZEALAND: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 50 NEW ZEALAND: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 41 NEW ZEALAND BOVINE POPULATION
                    FIGURE 42 NEW ZEALAND POULTRY POPULATION
           6.2.4 SINGAPORE
                    TABLE 51 SINGAPORE: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 52 SINGAPORE: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 53 SNGAPORE: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 43  SINGAPORE PORCINE POPULATION
                    FIGURE 44  SINGAPORE POULTRY POPULATION
           6.2.5 VIETNAM
                    TABLE 54 VIETNAM: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 55 VIETNAM: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 56 VIETNAM: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 45 VIETNAM BOVINE POPULATION
                    FIGURE 46 VIETNAM POULTRY POPULATION
           6.2.6 PHILIPPINES
                    TABLE 57 PHILIPINNES: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 58 PHILIPPINES: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 59 PHILIPPINES: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 47 PHILIPPINES BOVINE POPULATION
                    FIGURE 48 PHILIPPINES: POULTRY POPULATION
    6.3 LATIN AMERICA
           6.3.1 ARGENTINA
                    TABLE 27 ARGENTINA: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 28 ARGENTINA: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 29 ARGENTINA: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 27 AREGNTINA: EQUINE POPULATION
                    FIGURE 28 ARGENTINA POULTRY POPULATION
           6.3.2 BRAZIL
                    TABLE 30 BRAZIL: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 31 BRAZIL: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 32 BRAZIL: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    TABLE 31 BRAZIL: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 32 BRAZIL: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
           6.3.3 MEXICOL
                    TABLE 33 MEXICO: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 34 MEXICO: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 35 MEXCIO: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 31 MEXCIO BOVINE POPULATION
                    FIGURE 32  MEXICO POULTRY POPULATION
           6.3.4 COLOMBIA
                    TABLE 36 COLOMBIA: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 37 COLOMBIA: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 38 COLOMBIA: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 33 COLOMBIA BOVINE POPULATION
                    FIGURE 34 COLOMBIA POULTRY POPULATION
           6.3.5 CHILE
                    TABLE 39 CHILE: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
                    TABLE 40 CHILE: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
                    TABLE 41 CHILE: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
                    FIGURE 35 CHILE BOVINE POPULATION
                    FIGURE 36 CHILE POULTRY POPULATION
    6.4 SOUTH AFRICA
           TABLE 60 SOUTH AFRICA: PERCENTAGE OF ANIMALS RECEIVING NO MEDICALIZATION
           TABLE 61 SOUTH AFRCIA: PERCENTAGE OF ANIMALS RECEIVING BASIC MEDICALIZATION
           TABLE 62 SOUTH AFRICA: PERCENTAGE OF ANIMALS UNDER VETERINARY CARE
           FIGURE 49 SOUTH AFRICA: BOVINE POPULATION)
           FIGURE 50 SOUTH AFRICA: POULTRY POPULATION

7 APPENDIX
    7.1 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
    7.2 AUTHOR DETAIL

This study involved the extensive use of both primary and secondary sources. The research process included a study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.

Secondary Research

The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, companies house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the animal treatment market. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

Primary Research

In the primary research process, industry experts from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Industry experts from the supply side include CEOs, presidents, vice presidents, marketing managers, product managers, sales executives, business development executives, and technology & innovation directors of companies providing veterinary care products. A breakdown of primary respondents is provided below:

Veterinary Care Market Size, and Share

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Market Analysis

The robust methodology was utilized while analyzing the animal treatment rate wherein, data was gathered through secondary sources and then was further validated through primary interviews. Animal population data, disease prevalence data, and diagnosis trends were studied through government publications and articles released from associations such as OIE. Further, the diagnosis rate and disease prevalence rate in animals was verified by conducting several primary interviews.

Data Triangulation

To complete the overall market engineering process and arrive at the exact statistics for all segments & subsegments, data triangulation and market breakdown procedures were employed, wherever applicable.

Objectives of the Study

  • To analyze the medicalization rate in species such as dogs, cats, horses, pigs, cattle, and poultry.
  • To provide detailed information about the key factors influencing animal treatment rate (such as regulatory scenario, animal welfare initiatives and entry barriers country-wise)
  • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall animal treatment market
  • To analyze market opportunities for stakeholders and provide detailed animal healthcare scenarios for various countries.
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Report Code
MD 7736
Published ON
Sep, 2020
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