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Veterinary Care Market Estimated to Cross US$ 120.5 Bn by 2030

The global Veterinary Care market size is expected to reach USD 120.5 billion by 2030, registering a CAGR of 6.4% over the forecast period 2021 – 2030.

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Growth Factors

 Increasing cases of chronic diseases in pets and livestock animals are fueling the demand for better veterinary care. Many awareness programs are being conducted around the world regarding better veterinary care, thus propelling the demand. For example, each year, during the first week of October, Canadian Veterinary Medical Association organizes Animal Health Week, a national public awareness campaign. The introduction of initiatives, such as the One Health Initiative for the improvement of healthcare standards for animals, has widened growth prospects for the market.

Report Coverage

Report Scope Details
Market Size USD 120.5 billion by 2030
Growth Rate CAGR of 6.4% from 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Animal Type, Type of Care
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Merck Animal Health; Ceva Santé Animale; Zoetis; Boehringer Ingelheim GmbH; Elanco; IDEXX Laboratories, Inc.; Heska Corporation; Virbac; Vetoquinol S.A.; Indian Immunologicals Ltd.

By Animal Type Analysis

The companion animals segment accounted the largest revenue share of over 61.00% of the global market in 2020. This can be attributed to the growing initiatives by market players, rising pet population, and increasing pet expenditure.

The COVID-19 pandemic is encouraging pet owners, healthcare providers, and even payers to adopt telehealth in veterinary care. In October 2020, online pet pharmacy, Chewy Inc., brought telehealth to cats, dogs as pandemic disturbed vet visits. Among companion animals, dogs held the largest share in 2020.

By Type of Care Analysis

The primary care segment accounted the largest revenue share of over 59% among the companion animal segment. Primary care includes physical examinations, vaccinations, lab testing, parasite prevention, diagnostic testing, behavioral counseling, training, diet, dental health & cleaning among others.

An increase in the population of dogs and a rise in the number of deaths due to rabies are expected to result in a high number of vaccination programs, thereby driving the segment growth. Domestic dogs are among the most common reservoir of viruses.

The veterinary care services for production animals also held a major share in 2020. Policymakers in numerous nations are striving to attain total food security, which supplements large-scale food production and results in superior rearing of livestock.

By Regional Analysis

North America accounted the market with a revenue share of over 43% in 2020. The rising incidence of canine disorders is one of the key factors responsible for the largest market share of the region.

Asia Pacific is expected to show the fastest CAGR over the forecast period. Since most of the nations are dependent on agricultural production and exports, there is high availability of poultry animals, thus the market is expected to witness significant growth.

Key Players

  • Merck Animal Health
  • Ceva Santé Animale
  • Zoetis
  • Boehringer Ingelheim GmbH
  • Elanco
  • IDEXX Laboratories, Inc.
  • Heska Corp.
  • Virbac
  • Vetoquinol S.A.
  • Indian Immunologicals Ltd.

Market Segmentation

  • Animal Type
    • Companion Animal
      • Dogs
      • Cats
      • Equine
      • Others
    • Production Animal
  • Type Of Care
    • Companion Animal
      • Primary
      • Emergency
      • Critical
      • Specialty Services
    • Production Animal
      • Primary
      • Emergency
      • Critical
      • Specialty services
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East and Africa
      • South Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Veterinary Care Market, By Animal Type

7.1.  Veterinary Care Market, by Animal Type, 2021-2030

7.1.1.    Companion Animal

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Production Animal

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Veterinary Care Market, By Type Of Care

8.1.  Veterinary Care Market, by Type Of Care, 2021-2030

8.1.1.    Companion Animal

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Production Animal

8.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Veterinary Care Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Animal Type (2017-2030)

9.1.2.    Market Revenue and Forecast, by Type Of Care (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Animal Type (2017-2030)

9.2.2.    Market Revenue and Forecast, by Type Of Care (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Animal Type (2017-2030)

9.3.2.    Market Revenue and Forecast, by Type Of Care (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Animal Type (2017-2030)

9.4.2.    Market Revenue and Forecast, by Type Of Care (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Animal Type (2017-2030)

9.5.2.    Market Revenue and Forecast, by Type Of Care (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Animal Type (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Type Of Care (2017-2030)

Chapter 10.  Company Profiles

10.1.              Merck Animal Health

10.1.1.  Company Overview

10.1.2.  Animal Type Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Ceva Santé Animale

10.2.1.  Company Overview

10.2.2.  Animal Type Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Zoetis

10.3.1.  Company Overview

10.3.2.  Animal Type Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Boehringer Ingelheim GmbH

10.4.1.  Company Overview

10.4.2.  Animal Type Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Elanco

10.5.1.  Company Overview

10.5.2.  Animal Type Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              IDEXX Laboratories, Inc.

10.6.1.  Company Overview

10.6.2.  Animal Type Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Heska Corp.

10.7.1.  Company Overview

10.7.2.  Animal Type Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Virbac

10.8.1.  Company Overview

10.8.2.  Animal Type Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              Vetoquinol S.A.

10.9.1.  Company Overview

10.9.2.  Animal Type Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           Indian Immunologicals Ltd.

10.10.1.               Company Overview

10.10.2.               Animal Type Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

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