Homeopathic Veterinary Medicines Market Estimated to Generate a Revenue of US$ 200 Mn By 2022-2030
Anti-scientific Attitudes toward Homeopathic Medicines Affecting Market Growth during COVID-19 Pandemic
The position of homeopathic veterinary medicines has become highly debatable these days. The coronavirus outbreak on one side has made pet owners conscious about the well-being of their animals where as anti-scientific attitudes and behavior on the other hand are emerging as a challenge for stakeholders in the homeopathic veterinary medicines market. Nonetheless, stakeholders are strengthening their supply chains through eCommerce, home deliveries, and online pharmacies in order to keep economies running during the pandemic.
Telehealth and e-medicine are fast growing phenomena in the homeopathic veterinary medicines market during the pandemic. Clinical experts and veterinarians are increasing efforts to promote the importance of science-based information for homeopathic medicines. Such promotion is increasing the scope for alternative therapies.
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Short Training Courses for Farmers Contribute to Efficient Animal Health Management
The homeopathic veterinary medicines market is projected to cross US$ 200 Mn by 2031. However, there is a need to improve farmers’ knowledge regarding the use of homeopathic medicines and prevention methods. Improvements in observational skills and alternative medicines are emerging as new ways for veterinarians to work with farmers. The changing role of veterinarians on dairy farms is contributing toward the efficient animal health management.
Increased demand from citizens and consumers for better management of livestock health and greater respect for farm animal welfare are translating into revenue opportunities for healthcare stakeholders in the homeopathic veterinary medicines market and veterinarians. Veterinarians are encouraging farmers for short training courses offered by agriculture-related organizations.
Evidence-based Homeopathy Overcome Antimicrobial Resistance Problem in Animals
The stakeholders in the Europe homeopathic veterinary medicines market are gaining awareness about evidence-based homeopathy and veterinary homeopathy & its potential to help overcome the antimicrobial resistance problem in domestic & companion animals.
Physicians and veterinarians Dr. Petra Weiermayer, Prof. Michael Frass, Dr. Thomas Peinbauer, and Dr. Liesbeth Ellinger published a conventional peer-reviewed journal highlighting the importance of evidence-based homeopathy and veterinary homeopathy & its potential to help overcome the antimicrobial resistance problem. Companies in the homeopathic veterinary medicines market are taking cues from such findings to evaluate the potential of homeopathy and phytotherapy for the reduction of antibiotics usage in animals. Such trends have the potential to increase the number of organic farms throughout Europe.
Are Homeopathic Veterinary Medicines Reliable for Animal Welfare?
The homeopathic veterinary medicines have gained awareness and business grounds in India. Mukesh Batra, chairman emeritus of Dr. Batra’s Homeopathy in India states that homeopathy has had outstanding effects on pets, especially for skin diseases and arthritis.
In cases where allopathy fails, veterinarians are suggesting homeopathy medicines for domestic and companion animals. However, it is still highly debatable whether homeopathic medicines are always efficacious. In July 2016, several vets in the U.K. signed a petition calling on the Royal College of Veterinary Surgeons to stop vets from offering homeopathy to animals. Thus, companies in the homeopathic veterinary medicines market are increasing their R&D efforts to develop improved formulations in medications.
EU Legislation Boosting Importance of Homeopathic Veterinary Medicines
There is a growing preference and awareness about homeopathy and phytotherapy in organic farms as compared to conventional medicines, including antibiotics. The application of these complimentary medical treatments in the sense of integrative veterinary medicine i.e. the combination of complementary and conventional medical therapy procedures is emerging as an innovative and proactive approach.
The guarantee of the EU legislation over the quality and safety of homeopathic medical products is grabbing the attention of stakeholders in the homeopathic veterinary medicines market. Current national laws in Germany, Switzerland, and Austria pertaining to the homeopathic veterinary medicines are translating into revenue opportunities for stakeholders. Moreover, companies in the homeopathic veterinary medicines market are finding out that homeopathy is helping to reduce the dependence on antibiotics.
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Analysts’ Viewpoint
Despite anti-scientific views and anti-vaccine ideology, especially in the U.S., stakeholders and veterinarians are promoting the importance of homeopathic veterinary medicines amid the ongoing COVID-19 outbreak. The homeopathic veterinary medicines market is expected to expand at a modest CAGR of ~5% during the forecast period. However, there is a lack of evidence whether homeopathy is entirely reliable in the animal health management. Hence, companies are increasing awareness about the EU legislation and the current laws in European countries that are validating the importance of homeopathic veterinary medicines. By carefully observing animals and recording their symptoms, stakeholders & researchers are able to cross-reference the remedies for animals.
Homeopathic Veterinary Medicines Market: Overview
This report analyzes the current scenario and future prospects of the global homeopathic veterinary medicines market. The global homeopathic veterinary pharmaceuticals market is estimated to expand due to a rise in the demand for complementary and alternative medicine (CAM), safety and decreased risk of unpleasant side-effects, growing pet ownership and investment in the pet sector, antimicrobial resistance (AMR), and homeopathy as an alternative therapy.
The report provides an elaborate executive summary, including a snapshot of various segments of the homeopathic veterinary medicines market. It also provides elaborate information and data analysis of the global homeopathic veterinary medicines market with regards to segments based on source of origin, type of animal, distribution channel, and region.
The overview section of the report provides a detailed qualitative analysis of drivers and restraints, and opportunities that impact the global homeopathic veterinary medicines market
Additionally, the report includes company profiles which provide information about their business, product portfolios, and competitive landscape in the homeopathic veterinary medicines market
The report on the global homeopathic veterinary medicines market offers market attractiveness analysis of the regions and segments
The last section of the report comprises quantitative and qualitative analysis on market share/position of key players operating in the global homeopathic veterinary medicines market. It analyzes the key competitive strategies adopted by the major industry players, thereby presenting a thorough understanding of the competitive scenario in the global homeopathic veterinary medicines market.
Homeopathic Veterinary Medicines Market: Key Segments
In terms of source of origin, the global homeopathic veterinary medicines market has been classified into plant-derived, animal-derived, and minerals. The plant-derived segment held a major share of the global homeopathic veterinary medicines market in 2020, and the trend is anticipated to continue during the forecast period.
Based on type of animal, the global homeopathic veterinary medicines market has been segmented into domestic animals, and companion animals. The domestic animals segment accounted for majority of the market share in 2020.
In terms of distribution channel, the global homeopathic veterinary medicines market has been categorized into retail pharmacies, veterinary clinics, and online pharmacies
The market value and forecast for each of these segments have been provided from 2017 to 2031. The CAGRs of respective segments have also been provided from 2021 to 2031, considering 2017 to 2019 as the historical years and 2020 as base year.
Homeopathic Veterinary Medicines Market: Regional Outlook
In terms of region, the global homeopathic veterinary medicines market has been divided into North America (the U.S. and Canada), Europe (the U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Each region considered in the market has been divided into countries/sub-regions.
The homeopathic veterinary medicines market report provides value and forecast for each region and country/sub-region from 2017 to 2031. The compound annual growth rates (CAGRs) for each of these regions and countries have also been provided for the forecast period from 2021 to 2031. The homeopathic veterinary medicines market study also covers the competitive scenario in these regions.
Companies Mentioned in Report
Key players in the global homeopathic veterinary medicines market have been profiled based on attributes such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies
Major companies profiled in the global homeopathic veterinary medicines market report are
- Boiron Laboratories
- animalEO
- Dorwest Herbs Ltd.
- Freemans Homeopathy Pharmacy
- Goel Vet Pharma
- Guna SPA
- Helios Homeopathy Ltd.
- Hivet
- Omida AG
- CURE WELL HOMOEO PHARMACY
- Dr. Reckeweg & Co. GmbH
- Biologische Heilmittel Heel GmbH
Key Questions Answered in Homeopathic Veterinary Medicines Market Report
- What are the major drivers, restraints, opportunities in the market?
- What will be the revenue share projections of key segments in the global homeopathic veterinary medicines market during the forecast period?
- Which segment is likely to lead the global homeopathic veterinary medicines market in terms of revenue by 2031?
- How mergers & acquisitions among players are widening the scope for the global homeopathic veterinary medicines market?
- Which are the leading companies in the global homeopathic veterinary medicines market?
Homeopathic Veterinary Medicines Market – Segmentation
Source of Origin
- Plant-derived
- Animal-derived
- Minerals
Type of Animal
- Domestic Animals
- Companion Animals
Distribution Channel
- Retail Pharmacies
- Veterinary Clinics
- Online Pharmacies
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
TABLE OF CONTENT
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary : Global Homeopathic Veterinary Medicines Market
4. Market Overview
4.1. Introduction
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Homeopathic Veterinary Medicines Market Analysis and Forecast, 2017–2031
4.4.1. Market Revenue Projections (US$ Mn)
5. Market Outlook
5.1. Disease Prevalence & Incidence Rate Globally with Key Countries
5.2. COVID-19 Pandemic Impact on Homeopathic Veterinary Medicines Industry
5.3. Regulatory Scenario Across Region/Country
6. Global Homeopathic Veterinary Medicines Market Value and Forecast, by Source of Origin
6.1. Introduction
6.2. Global Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origin, 2017–2031
6.2.1. Plant-derived
6.2.2. Animal-derived
6.2.3. Minerals
6.3. Global Homeopathic Veterinary Medicines Market Attractiveness, by Source of Origin
7. Global Homeopathic Veterinary Medicines Market Value and Forecast, by Type of Animal
7.1. Introduction
7.2. Global Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Type of Animal, 2017–2031
7.2.1. Domestic Animals
7.2.2. Companion Animals
7.3. Global Homeopathic Veterinary Medicines Market Attractiveness, by Type of Animal
8. Global Homeopathic Veterinary Medicines Market Value and Forecast, by Distribution Channel
8.1. Introduction
8.2. Global Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2031
8.2.1. Retail Pharmacies
8.2.2. Veterinary Clinics
8.2.3. Online Pharmacies
8.3. Global Homeopathic Veterinary Medicines Market Attractiveness, by Distribution Channel
9. Global Homeopathic Veterinary Medicines Market Value and Forecast, by Region
9.1. Introduction
9.2. Homeopathic Veterinary Medicines Value (US$ Mn) Forecast, by Region, 2017–2031
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Latin America
9.2.5. Middle East & Africa
9.3. Global Homeopathic Veterinary Medicines Market Attractiveness, by Region
10. North America Homeopathic Veterinary Medicines Market Analysis and Forecast
10.1. Introduction
10.2. North America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origin, 2017–2031
10.2.1. Plant-derived
10.2.2. Animal-derived
10.2.3. Minerals
10.3. North America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Type of Animal, 2017–2031
10.3.1. Domestic Animals
10.3.2. Companion Animals
10.4. North America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2031
10.4.1. Retail Pharmacies
10.4.2. Veterinary Clinics
10.4.3. Online Pharmacies
10.5. North America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
10.5.1. U.S.
10.5.2. Canada
10.6. North America Homeopathic Veterinary Medicines Market Attractiveness Analysis
10.6.1. By Source of Origin
10.6.2. By Type of Animal
10.6.3. By Distribution Channel
10.6.4. By Country
11. Europe Homeopathic Veterinary Medicines Market Analysis and Forecast
11.1. Introduction
11.2. Europe Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origins, 2017–2031
11.2.1. Plant-derived
11.2.2. Animal-derived
11.2.3. Minerals
11.3. Europe Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Type of Animal, 2017–2031
11.3.1. Domestic Animals
11.3.2. Companion Animals
11.4. Europe Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2031
11.4.1. Retail Pharmacies
11.4.2. Veterinary Clinics
11.4.3. Online Pharmacies
11.5. Europe Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
11.5.1. Germany
11.5.2. U.K.
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Homeopathic Veterinary Medicines Market Attractiveness Analysis
11.6.1. By Source of Origin
11.6.2. By Type of Animal
11.6.3. By Distribution Channel
11.6.4. By Country/Sub-region
12. Asia Pacific Homeopathic Veterinary Medicines Market Analysis and Forecast
12.1. Introduction
12.2. Asia Pacific Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origin, 2017–2031
12.2.1. Plant-derived
12.2.2. Animal-derived
12.2.3. Minerals
12.3. Asia Pacific Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Type of Animal, 2017–2031
12.3.1. Domestic Animals
12.3.2. Companion Animals
12.4. Asia Pacific Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2031
12.4.1. Retail Pharmacies
12.4.2. Veterinary Clinics
12.4.3. Online Pharmacies
12.5. Asia Pacific Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. Australia & New Zealand
12.5.5. Rest of Asia Pacific
12.6. Asia Pacific Homeopathic Veterinary Medicines Market Attractiveness Analysis
12.6.1. By Source of Origin
12.6.2. By Type of Animal
12.6.3. By Distribution Channel
12.6.4. By Country/Sub-region
13. Latin America Homeopathic Veterinary Medicines Market Analysis and Forecast
13.1. Introduction
13.2. Latin America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origin, 2017–2031
13.2.1. Plant-derived
13.2.2. Animal-derived
13.2.3. Minerals
13.3. Latin America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Type of Animal, 2017–2031
13.3.1. Domestic Animals
13.3.2. Companion Animals
13.4. Latin America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2031
13.4.1. Retail Pharmacies
13.4.2. Veterinary Clinics
13.4.3. Online Pharmacies
13.5. Latin America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Homeopathic Veterinary Medicines Market Attractiveness Analysis
13.6.1. By Source of Origin
13.6.2. By Type of Animal
13.6.3. By Distribution Channel
13.6.4. By Country/Sub-region
14. Middle East & Africa Homeopathic Veterinary Medicines Market Analysis and Forecast
14.1. Introduction
14.2. Middle East & Africa Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origin, 2017–2031
14.2.1. Plant-derived
14.2.2. Animal-derived
14.2.3. Minerals
14.3. Middle East & Africa Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origin, 2017–2031
14.3.1. Domestic Animals
14.3.2. Companion Animals
14.4. Middle East & Africa Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2031
14.4.1. Retail Pharmacies
14.4.2. Veterinary Clinics
14.4.3. Online Pharmacies
14.5. Middle East & Africa Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
14.5.1. GCC Countries
14.5.2. South Africa
14.5.3. Rest of Middle East & Africa
14.6. Middle East & Africa Homeopathic Veterinary Medicines Market Attractiveness Analysis
14.6.1. By Source of Origin
14.6.2. By Type of Animal
14.6.3. By Distribution Channel
14.6.4. By Country/Sub-region
15. Competition Landscape
15.1. Market Player – Competition Matrix (By Tier and Size of companies)
15.2. Global Homeopathic Veterinary Medicines Market Share Analysis, by Company (2018)
15.3. Company Profiles
15.3.1. Boiron Laboratories
15.3.1.1. Company Description
15.3.1.2. Business Overview
15.3.1.3. Financial Overview
15.3.1.4. Strategic Overview
15.3.1.5. SWOT Analysis
15.3.2. animalEO
15.3.2.1. Company Description
15.3.2.2. Business Overview
15.3.2.3. Strategic Overview
15.3.2.4. SWOT Analysis
15.3.3. Dorwest Herbs Ltd.
15.3.3.1. Company Description
15.3.3.2. Business Overview
15.3.3.3. Strategic Overview
15.3.3.4. SWOT Analysis
15.3.4. Freemans Homeopathy Pharmacy
15.3.4.1. Company Description
15.3.4.2. Business Overview
15.3.4.3. Strategic Overview
15.3.4.4. SWOT Analysis
15.3.5. Goel Vet Pharma
15.3.5.1. Company Description
15.3.5.2. Business Overview
15.3.5.3. Strategic Overview
15.3.5.4. SWOT Analysis
15.3.6. Guna SPA
15.3.6.1. Company Description
15.3.6.2. Business Overview
15.3.6.3. Strategic Overview
15.3.6.4. SWOT Analysis
15.3.7. Helios Homeopathy Ltd.
15.3.7.1. Company Description
15.3.7.2. Business Overview
15.3.7.3. Strategic Overview
15.3.7.4. SWOT Analysis
15.3.8. Hivet
15.3.8.1. Company Description
15.3.8.2. Business Overview
15.3.8.3. Strategic Overview
15.3.8.4. SWOT Analysis
15.3.9. Omida AG
15.3.9.1. Company Description
15.3.9.2. Business Overview
15.3.9.3. Strategic Overview
15.3.9.4. SWOT Analysis
15.3.10. CURE WELL HOMOEO PHARMACY
15.3.10.1. Company Description
15.3.10.2. Business Overview
15.3.10.3. Strategic Overview
15.3.10.4. SWOT Analysis
15.3.11. Dr. Reckeweg & Co. GmbH
15.3.11.1. Company Description
15.3.11.2. Business Overview
15.3.11.3. Strategic Overview
15.3.11.4. SWOT Analysis
15.3.12. Biologische Heilmittel Heel GmbH
15.3.12.1. Company Description
15.3.12.2. Business Overview
15.3.12.3. Strategic Overview
15.3.12.4. SWOT Analysis
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