Press release
Veterinary Medicine Market to Reach USD 54.50 Billion by 2030, Driven by Rising Animal Disease Incidence
Veterinary Medicine Market
The MMR study comprises a number of segments in addition to an examination of the growth factors and trends that are significantly influencing the market. The drivers, constraints, opportunities, and challenges are among the components that make up the market dynamics. Like, The veterinary drug market is being driven by the rise in the incidence of infectious diseases among animals. Additionally, through preclinical trials conducted on animals to create cutting-edge pharmaceuticals and affordable veterinary medications, animals are vital to research and development in the field of drug therapy. In addition, the market is driven by rising per capita income, fast urbanization, and growing awareness of the need to address zoonotic and chronic diseases in cattle.
๐๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก:
The global veterinary medicine market is set to grow at a robust compound annual growth rate (CAGR) of 7.10% over the forecast period, reaching an estimated market size of USD 54.50 billion by 2030. This growth is fueled by the increasing incidence of contagious diseases among animals, advancements in veterinary drug development, and heightened awareness regarding livestock health.
๐ ๐จ๐ซ ๐๐ง ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐ฅ๐ข๐๐ค ๐ญ๐ก๐ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/54077/
๐๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐๐ง๐๐ซ๐๐๐ฌ๐ ๐จ๐ซ ๐๐๐๐ซ๐๐๐ฌ๐ ๐๐จ๐ซ ๐ฐ๐ก๐๐ญ ๐๐จ๐ง๐ญ๐๐ข๐ง๐ฌ??
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
The rising occurrence of contagious diseases among animals is a significant driver for the veterinary medicine market. Animals play a crucial role in research and development, particularly in preclinical trials for new drug therapies, leading to advancements in veterinary medicine. Additionally, increased awareness about livestock health and the need to treat zoonotic and chronic diseases are propelling market growth. Rapid urbanization and higher per capita incomes also contribute to the increasing demand for veterinary drugs.
๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ
Despite these growth drivers, the market faces challenges such as the transmission of complex diseases and infections from animals to humans, exemplified by outbreaks like bird flu, rabies, and coronavirus. These incidents highlight the need for proper treatment of animals, including street animals, to prevent such transmissions and control the spread of diseases.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
๐&๐ ๐๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐๐ง๐ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐๐ญ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐ฉ๐ญ๐ข๐จ๐ง
Investment in research and development to create more effective veterinary drugs presents a significant opportunity for market growth. The rising global consumption of meat and animal-derived products such as ghee, milk, and butter further drives the demand for veterinary medicines, providing ample opportunities for market expansion.
๐๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
โฆ ๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Drugs
Vaccines
Medicated Feed Additives
โฆ ๐๐ฒ ๐๐จ๐ฎ๐ญ๐ ๐จ๐ ๐๐๐ฆ๐ข๐ง๐ข๐ฌ๐ญ๐ซ๐๐ญ๐ข๐จ๐ง
Oral
Parenteral
Topical
โฆ ๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Companion Animals
Livestock Animals
โฆ ๐๐ฒ ๐๐ง๐-๐๐ฌ๐๐ซ
Veterinary Hospital
Veterinary Clinics
Pharmacies & Drug Stores
Pharmacies and drug stores are projected to witness the fastest growth during the forecast period. The urgency and requirement for targeted medicines to protect against zoonotic diseases and treat livestock animals drive this segment's growth.
๐๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
Market Report Veterinary Medicine provides an elaborate examination of the Veterinary Medicine commercial, where a study about Veterinary Medicine markets and their segments is included. The data comes from primary as well as secondary research approaches. The variety of sources, including trade magazines, government publications, company websites, market assessments, industry reports, annual reports, and databases, are used to gather secondary data. The valuation of the Veterinary Medicine market for Product and geographic segments is given based on current market trends and conditions. The most recent development in the industry and the future market overview give recognition to its recent advancements. It brings a deep analysis, including market size and forecast, trends, growth drivers as well as challenges faced by Veterinary Medicine Market.
๐๐๐๐๐ฌ๐ฌ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ + ๐๐ข๐ฌ๐ฎ๐๐ฅ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/54077/
๐๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐๐ก ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ??
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
North America's veterinary medicine market was valued at USD XX million in 2023 and is expected to grow significantly by 2030. The region's growth is driven by strong animal welfare policies, substantial expenditure on research, and advanced veterinary hospitals. The U.S. and Canada are key contributors to this growth, enhancing the region's market economics.
๐๐ฎ๐ซ๐จ๐ฉ๐
Europe is the second most promising market after North America, with significant advancements in veterinary techniques and growing healthcare agencies. Germany and France lead the European market, driving its expansion through innovative healthcare solutions.
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
In June 2018, Merck announced a business collaboration with Vinovo B.V., a division of Viscon Hatchery Automation, to expand its portfolio of poultry vaccines. This strategic move highlights the ongoing efforts of major players to enhance their offerings and drive market growth.
๐๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Agrovet Market Animal Health
2. American Veterinary Clinic
3. Animalcare
4. BASF India Ltd
5. Belfarmacom
6. Bimeda
7. Biotex Plus Ltd
8. Boehringer Ingelheim Gmbh
9. Brouwer
10. Cadila Pharmaceuticals Ltd
11. Cargill India Pvt. Ltd
12. Ceva
13. Chemo Argentina
14. Koninklijke DSM N.V
15. Mars
16. Merck & Co.
17. Saudi Pharmaceutical Industries
18. Sauvet
19. Selecta
20. Syntec
21. The British Veterinary Center
22. UCBVET
23. Vetanco
24. Veterinarski Zavod Subotica
25. Vetmedica
26. Wageningen Bioveterinary Research
27. Wilbur-Ellis
28. Zoetis
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง
The global veterinary medicine market is poised for substantial growth, driven by the increasing incidence of animal diseases, advancements in drug development, and heightened awareness of livestock health. With significant opportunities in both developed and emerging markets, continuous investment in research and development, and strategic collaborations, the market is set to reach new heights by 2030. The detailed analysis in this report provides valuable insights for stakeholders, helping them navigate the dynamic landscape of the veterinary medicine market.
๐๐๐๐๐ข๐ฏ๐ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/market-report/global-veterinary-medicine-market/54077/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐๐ซ๐ข๐ง๐๐ซ๐ฒ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
What is Veterinary Medicine?
What is the growth rate of the Veterinary Medicine Market?
Which are the factors expected to drive the Veterinary Medicine market growth?
What are the different segments of the Veterinary Medicine Market?
What growth strategies are the players considering to increase their presence in Veterinary Medicine?
What are the upcoming industry applications and trends for the Veterinary Medicine Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Veterinary Medicine Market?
Who are the leading companies and what are their portfolios in Veterinary Medicine Market?
What segments are covered in the Veterinary Medicine Market?
Who are the key players in the Veterinary Medicine market?
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ก๐๐ฆ๐๐ฌ:
โ Global Electronic Thermostat Market https://www.maximizemarketresearch.com/market-report/global-electronic-thermostat-market/86136/
โ Global Pharmaceutical Chemicals Market https://www.maximizemarketresearch.com/market-report/global-pharmaceutical-chemicals-market/21783/
โ Global Biodegradable Engine Oil Market https://www.maximizemarketresearch.com/market-report/global-biodegradable-engine-oil-market/110323/
โ Global High-Performance Epoxy Market https://www.maximizemarketresearch.com/market-report/global-high-performance-epoxy-market/79076/
โ Global Aircraft Switches Market https://www.maximizemarketresearch.com/market-report/global-aircraft-switches-market/121023/
โ Automotive Fuel Rail Market https://www.maximizemarketresearch.com/market-report/automotive-fuel-rail-market/12697/
โ Global Packaging Coating Additives Market https://www.maximizemarketresearch.com/market-report/global-packaging-coating-additives-market/27200/
โ Global Mineral Wool Acoustic Insulation Market https://www.maximizemarketresearch.com/market-report/global-mineral-wool-acoustic-insulation-market/72002/
โ Multi Camera System Market https://www.maximizemarketresearch.com/market-report/multi-camera-system-market/1717/
โ Waterstops Market https://www.maximizemarketresearch.com/market-report/waterstops-market/72717/
๐๐ฎ๐ซ ๐๐๐๐ซ๐๐ฌ๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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