The Global Veterinary Healthcare Market Report by The Business Research Company covers veterinary healthcare market drivers and restraints, veterinary healthcare market size, major players, and the impact of COVID-19 on the veterinary healthcare market.
The veterinary healthcare market consists sales of veterinary healthcare goods and services by entities (organizations, sole traders and partnerships) associated with diagnosis, treatment and prevention of diseases in animals. This industry includes establishments that provide veterinary services, veterinary medical equipment producers and animal medicine producers. The veterinary healthcare market is segmented into veterinary services, veterinary medical equipment and animal medicine.
The global meat production is expected to rise in the forecast period, supporting the growth of the veterinary healthcare market.
The global veterinary healthcare market is expected to grow from $127.69 billion in 2020 to $147.18 billion in 2021 at a compound annual growth rate (CAGR) of 15.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $182.68 billion in 2025 at a CAGR of 6%.
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Some veterinary healthcare market trends include nanotechnology increasingly gaining traction in the animal medicine market as a substitute of veterinary antibiotics to tackle antibiotic resistance. Nanotechnology is the study of the controlling matter on an atomic and molecular scale. Nanotechnology in the animal medicine industry is used to improve diagnosis, treatment, animal growth promotion, and production. Nanoparticles are mainly used as alternative antimicrobial agents to reduce the use of antibiotics and improve the detection of pathogenic bacteria. They are also used as drug delivery agents for new drugs and vaccines candidates to improve their characteristics and performance, and to reduce drug resistance in animal organisms.
Global veterinary healthcare market segments include:
1) By Type: Veterinary Services, Veterinary Medical Equipment, Animal Medicine.
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
3) By Nature: Organic, Conventional
Subsegments Covered: Animal Hospitals And Veterinary Clinics, Veterinary Laboratory Testing Services, Veterinary Diagnostic Equipment, Veterinary Anesthesia Equipment, Veterinary Patient Monitoring Equipment, Other Veterinary Medical Equipment, Veterinary Pharmaceuticals, Feed Additives.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global veterinary healthcare market share.
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The Veterinary Healthcare Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides veterinary healthcare market overviews, analyzes and forecasts market size, share, veterinary healthcare market players, veterinary healthcare market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The veterinary healthcare market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Veterinary Healthcare Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Bayer AG, Boehringer Ingelheim GmbH, Cargill Inc., Ceva Santé Animale, Eli Lilly and Company.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Veterinary Healthcare Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Veterinary Healthcare Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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Here is a list of reports from The Business Research Company similar to the Veterinary Healthcare Global Market Report 2021:
Veterinary Medical Equipment Global Market Report 2021 – By Type (Veterinary Diagnostic Equipment, Veterinary Anesthesia Equipment, Veterinary Patient Monitoring Equipment, Other Veterinary Medical Equipment), By Product (Instruments/Equipment, Disposables), COVID-19 Impact And Recovery
Animal Medicine Market – By Type Of Medicine (Veterinary Pharmaceuticals, Feed Additives), By Type Of Additive (Antibiotics, Amino Acids And Antioxidants, Vitamins, Acidifiers, Enzymes, Others), By Type Of Animal (Cattle (Dairy And Meat Purposes), Poultry, Other Farm Animals, Dogs And Cats, Other Companion Animals), By Drug Type (Branded, Generic), By Type Of Prescription (OTC, Prescription), By Route Of Administration (Oral, Intravenous, Subcutaneous, Others), By Distribution Channel (Vet Services, Online, Others), By Level Of Regulation (Highly Regulated Countries, Loosely Regulated Countries), And By Region, Opportunities And Strategies – Global Forecast To 2030
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