Veterinary Healthcare Global Market Analysis 2024


Global Veterinary Healthcare Market is accounted for $68.05 billion in 2020 and is expected to reach $31.37 billion by 2027 growing at a CAGR of 11.7% during the forecast period 2020 – 2028

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Market Trends and analysis of the crucial market segments across North America, Europe, Asia Pacific and Rest of the World.

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The Global Veterinary Healthcare Market is projected to reach $68.05 billion by 2027, from a value of $31.37 billion in 2020, by registering a CAGR of 11.7% during the forecast period. Increasing love for pets leads to a rise in animal ownership, economic growth, increasing meat production, growing need for pet care across the globe, encouraging government initiatives, increasing acceptance of protein-rich foods, which are directly offered from poultry products such as eggs and others, are the major factors propelling the growth of the market. However, the low availability of veterinary healthcare services, insufficient number of veterinary clinics & veterinarians limit, growing regulations on antibiotics is hampering the market growth. Moreover, increasing penetration of pet insurance is expected to drive the animal veterinary healthcare market, mainly in untapped countries is estimated to create opportunities.

Recent Developments

In August 2021, Zoetis acquired Jurox, a leading provider and manufacturer of livestock and companion animal products. As a result of this acquisition of Jurox bring Zoetis a range of important products primed for greater global expansion; a valuable animal health portfolio.

In January 2020, Virbac India had been awarded the “Best Animal Health Company” by Agriculture Today Group’s India Dairy Award 2020. The award acknowledges Virbac’s contribution to the development of innovative animal healthcare products and solutions.

In January 2021, Vetoquinol acquired the Drontal® and Profender® product families, the intellectual property, registrations, and other rights from Elanco Animal Health for the Australian market. The Drontal® and Profender® families of products are spot-on and tablet de-wormer products for cats and dogs.

In August 2020, Elanco Animal Health Incorporated acquired Bayer Animal Health. This acquisition strengthens Elanco’s innovation, portfolio, and productivity (IPP) strategy. Both companies come to closing with a disciplined focus on the strategy and diligent execution to boost momentum.

Competitive Landscape

Bayer Healthcare, Boehringer Ingelheim International GmbH, Ceva Animal Health Inc., Elanco Animal Health, IDEXX Laboratories, Merck and Co. Inc., Phibro Animal Health,Vetoquinol, Virbac, Zoetis Inc. are some of the major players in the global veterinary healthcare market.


1 Summary
2 Market Overview
2.1 Abstract
2.2 Research Sources
2.3 Research Findings
2.4 Assumptions
3 Market Dynamics
3.1 Drivers & Opportunities
3.2 Restraints & Threats
3.3 Regulatory Affairs
3.4 Supplychain Analysis
3.5 PORTERS Analysis
4 Competitive Landscape
5 Veterinary Healthcare Market by Product
5.1 Therapeutics
5.1.1 Anti-Infectives
5.1.2 Parasiticides
5.1.3 Vaccines
5.2 Diagnostics
5.2.1 Clinical Chemistry
5.2.2 Diagnostic Imaging
5.2.3 Immunodiagnostic Tests
5.2.4 Molecular Diagnostics
5.3 Drugs
5.3.1 Active Pharmaceutical Ingredient (API)
5.3.2 Anti Infectives
5.3.3 Anti-Inflammatory
5.3.4 Antiparasitic
5.3.5 Formulation Drug
5.4 Vaccines
5.4.1 Modified Live Vaccines
5.4.2 Killed Inactivated Vaccines
6 Veterinary Healthcare Market by Animal Types
6.1 Livestock Animals
6.1.1 Aquatic
6.1.2 Sheep
6.1.3 Cattle
6.1.4 Poultry
6.1.5 Ruminants
6.1.6 Swine
6.2 Companion Animals
6.2.1 Dogs and Cats
6.2.2 Horses
7 Veterinary Healthcare Market by Treatment
7.1 Allergies
7.2 Arthritis
7.3 Difficult Dermatology Cases
7.4 Gastrointestinal Disease
8 Veterinary Healthcare Market by Veterinary Medical Equipment
8.1 Anesthesia
8.2 Patient Monitoring
9 Veterinary Healthcare Market by Nature
9.1 Organic
9.2 Conventional
10 Veterinary Healthcare Market by Feed Additives
10.1 Nutritional Feed Additives
10.2 Medicated Feed Additives
10.2.1 Amino Acids
10.2.2 Antibiotics
10.2.3 Antioxidants
10.2.4 Enzymes
10.2.5 Minerals
10.2.6 Prebiotics
10.2.7 Probiotics
10.2.8 Vitamins
11 Veterinary Healthcare Market by Distribution Channel
11.1 Convenience Stores
11.2 Distributors
11.3 E-Commerce/Online
11.4 Pharmacies
11.5 Supermarkets/Hypermarkets
12 Veterinary Healthcare Market by End User
12.1 Veterinary Hospitals
12.2 Veterinary Clinics
12.3 Veterinary Laboratory Testing Services
13 Veterinary Healthcare Market by Regions
13.1 North America
13.2 Europe
13.3 Asia Pacific
13.4 Rest of the World
14 Company Profiles
14.1 Bayer Healthcare
14.2 BioChek BV
14.3 Boehringer Ingelheim International GmbH
14.4 Ceva Animal Health Inc.
14.5 Elanco Animal Health
14.6 Heska Corporation
14.7 IDEXX Laboratories
14.8 IDVet
14.9 Merck and Co. Inc.
14.10 Phibro Animal Health
14.11 Randox Laboratories Ltd
14.12 Thermo Fisher Scientific
14.13 Vetoquinol
14.14 Virbac
14.15 Zoetis Inc