Veterinary Medicine Market to Hit USD 54.50 Bn by 2030 with 7.1% CAGR

𝐕𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

The global veterinary medicine market is on track to experience substantial growth in the coming years. Valued at approximately USD 7.10 billion in 2023, it is projected to reach around USD 54.50 billion by 2030, reflecting a compound annual growth rate (CAGR) of 7.43% during the forecast period.

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧

Several factors are propelling this growth:

𝑰𝒏𝒄𝒓𝒆𝒂𝒔𝒊𝒏𝒈 𝑷𝒆𝒕 𝑶𝒘𝒏𝒆𝒓𝒔𝒉𝒊𝒑:A rise in pet ownership, particularly in urban areas, is leading to higher demand for veterinary services and products.
𝑨𝒅𝒗𝒂𝒏𝒄𝒆𝒎𝒆𝒏𝒕𝒔 𝒊𝒏 𝑽𝒆𝒕𝒆𝒓𝒊𝒏𝒂𝒓𝒚 𝑴𝒆𝒅𝒊𝒄𝒊𝒏𝒆: Ongoing research and development are resulting in more effective treatments and technologies, enhancing animal healthcare.
𝑨𝒘𝒂𝒓𝒆𝒏𝒆𝒔𝒔 𝒐𝒇 𝑨𝒏𝒊𝒎𝒂𝒍 𝑯𝒆𝒂𝒍𝒕𝒉: Growing awareness about animal health and zoonotic diseases is encouraging preventive care and regular veterinary visits.

𝐆𝐞𝐭 𝐢𝐧𝐬𝐭𝐚𝐧𝐭 𝐚𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.maximizemarketresearch.com/request-sample/54077/

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

𝙑𝙚𝙩𝙚𝙧𝙞𝙣𝙖𝙧𝙮 𝙈𝙚𝙙𝙞𝙘𝙞𝙣𝙚 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙞𝙚𝙨 𝙞𝙣 𝙑𝙞𝙚𝙩𝙣𝙖𝙢

Vietnam is witnessing a surge in veterinary medicine demand due to its expanding livestock sector. The government's focus on improving animal health standards is attracting investments in veterinary pharmaceuticals and services.

𝙑𝙚𝙩𝙚𝙧𝙞𝙣𝙖𝙧𝙮 𝙈𝙚𝙙𝙞𝙘𝙞𝙣𝙚 𝙈𝙖𝙧𝙠𝙚𝙩 𝙂𝙧𝙤𝙬𝙩𝙝 𝙞𝙣 𝙏𝙝𝙖𝙞𝙡𝙖𝙣𝙙

Thailand's veterinary medicine market is growing, driven by increased pet ownership and a robust livestock industry. The government's initiatives to enhance animal health services are further supporting market expansion.

𝙑𝙚𝙩𝙚𝙧𝙞𝙣𝙖𝙧𝙮 𝙈𝙚𝙙𝙞𝙘𝙞𝙣𝙚 𝙈𝙖𝙧𝙠𝙚𝙩 𝙏𝙧𝙚𝙣𝙙𝙨 𝙞𝙣 𝙅𝙖𝙥𝙖𝙣

Japan is experiencing a rise in pet ownership, particularly among its aging population, leading to increased demand for veterinary services. Technological advancements and a focus on preventive care are shaping the market's future.

𝙑𝙚𝙩𝙚𝙧𝙞𝙣𝙖𝙧𝙮 𝙈𝙚𝙙𝙞𝙘𝙞𝙣𝙚 𝙈𝙖𝙧𝙠𝙚𝙩 𝘾𝙤𝙣𝙨𝙤𝙡𝙞𝙙𝙖𝙩𝙞𝙤𝙣 𝙞𝙣 𝙎𝙤𝙪𝙩𝙝 𝙆𝙤𝙧𝙚𝙖

South Korea's veterinary medicine market is consolidating, with major players expanding their presence through mergers and acquisitions. This trend is enhancing the availability and quality of veterinary services nationwide.

𝙑𝙚𝙩𝙚𝙧𝙞𝙣𝙖𝙧𝙮 𝙈𝙚𝙙𝙞𝙘𝙞𝙣𝙚 𝙈𝙖𝙧𝙠𝙚𝙩 𝙐𝙥𝙙𝙖𝙩𝙚𝙨 𝙞𝙣 𝙎𝙞𝙣𝙜𝙖𝙥𝙤𝙧𝙚

Singapore is witnessing growth in its veterinary medicine sector, supported by a rise in pet ownership and government regulations promoting animal welfare. The market is characterized by the adoption of advanced veterinary technologies.

𝙑𝙚𝙩𝙚𝙧𝙞𝙣𝙖𝙧𝙮 𝙈𝙚𝙙𝙞𝙘𝙞𝙣𝙚 𝙈𝙖𝙧𝙠𝙚𝙩 𝙀𝙭𝙥𝙖𝙣𝙨𝙞𝙤𝙣 𝙞𝙣 𝙩𝙝𝙚 𝙐𝙣𝙞𝙩𝙚𝙙 𝙎𝙩𝙖𝙩𝙚𝙨

The U.S. veterinary medicine market is expanding, driven by high pet ownership rates and increased spending on animal healthcare. In 2024, the market size was estimated at USD 11.82 billion, expected to reach around USD 24.75 billion by 2034, with a CAGR of 7.65%.

𝙑𝙚𝙩𝙚𝙧𝙞𝙣𝙖𝙧𝙮 𝙈𝙚𝙙𝙞𝙘𝙞𝙣𝙚 𝙈𝙖𝙧𝙠𝙚𝙩 𝘿𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩𝙨 𝙞𝙣 𝘾𝙝𝙞𝙣𝙖

China's veterinary medicine market is growing rapidly due to increased livestock production and rising pet ownership. The government's emphasis on food safety and animal health is further propelling market growth.

𝙑𝙚𝙩𝙚𝙧𝙞𝙣𝙖𝙧𝙮 𝙈𝙚𝙙𝙞𝙘𝙞𝙣𝙚 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙞𝙚𝙨 𝙞𝙣 𝙀𝙪𝙧𝙤𝙥𝙚

Europe's veterinary medicine market is characterized by stringent regulations and a strong focus on animal welfare. The market is expected to grow steadily, driven by advancements in veterinary pharmaceuticals and increasing pet ownership.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐡𝐞𝐜𝐤: https://www.maximizemarketresearch.com/request-sample/54077/

𝐑𝐞𝐜𝐞𝐧𝐭 𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬

In November 2023, 𝐕𝐢𝐫𝐛𝐚𝐜 acquired a majority stake in Globion, a leading Indian poultry vaccine business, strengthening its position in the Indian poultry vaccines market.
In October 2023, 𝐌𝐞𝐫𝐜𝐤 𝐀𝐧𝐢𝐦𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 launched Silverman, a monoclonal antibody for canine melanoma and mast cell cancer, available to veterinary oncologists in the United States.

𝐕𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Drugs
Vaccines
Medicated Feed Additives

𝐛𝐲 𝐑𝐨𝐮𝐭𝐞 𝐨𝐟 𝐀𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧

Oral
Parenteral
Topical

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Companion Animals
Livestock Animals

𝐛𝐲 𝐄𝐧𝐝-𝐔𝐬𝐞𝐫

Veterinary Hospital
Veterinary Clinics
Pharmacies & Drug Stores

The research offers a broader perspective at both the macro and micro levels by covering the brief analytical categories of the veterinary medication market. Parenteral is the most used mode of administration in veterinary medicine, with a 2023 valuation of approximately US$x billion. Parenteral administration is preferred over other methods because it has a faster onset of action, better bioavailability, a more dependable dosage, and a faster therapeutic effect by bypassing the first-pass metabolism. On the other hand, it has a number of negative reactions, painful delivery, and discomfort, which are disadvantages that impede growth.

𝐓𝐨 𝐟𝐢𝐧𝐝 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐯𝐢𝐬𝐢𝐭: https://www.maximizemarketresearch.com/request-sample/54077/

𝐕𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐭𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐭𝐡𝐚𝐭 𝐚𝐫𝐞 𝐦𝐚𝐤𝐢𝐧𝐠 𝐰𝐚𝐯𝐞𝐬:

Pet Supplements Market https://www.maximizemarketresearch.com/market-report/pet-supplements-market/195648/

Smoked cheese Market https://www.maximizemarketresearch.com/market-report/smoked-cheese-market/220437/

Wheat Gluten Market https://www.maximizemarketresearch.com/market-report/wheat-gluten-market/220459/

Low Calorie Food Market https://www.maximizemarketresearch.com/market-report/global-low-calorie-food-market/30566/

Global Synbiotics Market https://www.maximizemarketresearch.com/market-report/global-synbiotics-market/117807/

Organic Eggs Market https://www.maximizemarketresearch.com/market-report/organic-eggs-market/221128/

Macadamia nuts Market https://www.maximizemarketresearch.com/market-report/macadamia-nuts-market/221276/

Jelly Pudding Market https://www.maximizemarketresearch.com/market-report/jelly-pudding-market/228958/

Functional Ingredients Market https://www.maximizemarketresearch.com/market-report/functional-ingredients-market/11134/

Plant Based Ham Market https://www.maximizemarketresearch.com/market-report/plant-based-ham-market/217492/

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