Press release
Growing Pet Owner Population Driving The Veterinary Medicine Market: Pivotal Factor Influencing Veterinary Medicine Market Growth in 2025
Veterinary Medicine
Veterinary Medicine Market Size Growth Forecast: What to Expect by 2025?
The market size for veterinary medicine has seen significant growth in the past few years. It is predicted to expand from $31.08 billion in 2024 to $33.29 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. Several factors have contributed to this historical growth, including advancements in the field of veterinary science, increased awareness around diseases that can transfer from animals to humans, a growing emphasis on animal welfare, the global expansion of pet trade, specialization in animal healthcare, and an upsurge in expenditure on pet health.
How Will the Veterinary Medicine Market Size Evolve and Grow by 2029?
In the forthcoming years, the veterinary medicine market size is anticipated to witness robust growth, ultimately reaching a value of $44.84 billion by 2029 with a 7.7% compound annual growth rate (CAGR). This future expansion can be credited to factors such as the implementation of personalized medicine in veterinary care, the worldwide expansion of veterinary research, the incorporation of telemedicine in animal healthcare, impacts of climate change, and readiness for zoonotic disease. Significant trends expected in this forecast period involve an emphasis on preventative healthcare, developments in animal pharmaceuticals, biotechnology, and biopharmaceuticals, the advent of digital health technology, the international spread of veterinary medicine, along with practices that are sustainable and ethical, and strong compliance with safety and regulatory measures.
View the full report here:
https://www.thebusinessresearchcompany.com/report/veterinary-medicine-global-market-report
What Drivers Are Propelling the Growth of Veterinary Medicine Market Forward?
The surge in pet ownership is anticipated to boost the expansion of the veterinary medicine market. Individuals adopting or owning pet animals are considered pet owners and they ensure the well-being and health of their pets. Consequently, they avail the required health services for their pets, escalating the need for veterinary medications and propelling the veterinary medicine market. For example, data from Shelter Animals Count, a non-government organization based in the US, showing an increase of 109,000 dog adoptions in 2023 compared to 2022, signals an encouraging increase in adoption rates. Nonetheless, the overall number of dogs adopted in 2023 remained about 108,000 less compared to the previous year. Thus, the increasing population of pet owners are fueling the veterinary medicine market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8027&type=smp
Which Emerging Trends Are Transforming the Veterinary Medicine Market in 2025?
Leading businesses in the veterinary medicine market are introducing innovative products like ethno-veterinary medicines to maintain a competitive advantage. These are Ayurvedic-based medicine designed to combat animal diseases. For instance, Milma, a dairy company based in India, announced the launch of ethno-veterinary medicines in August 2023. These medicines act as an affordable alternative to allopathic veterinary drugs, reducing the financial pressure of veterinary costs on farmers, and providing a cost-effective strategy for managing animal health. They are easy to use, affordable, and ideal for preventative and curative measures.
What Are the Key Segments in the Veterinary Medicine Market?
The veterinary medicine market covered in this report is segmented -
1) By Product: Drugs, Vaccines, Medical Feed Additives
2) By Animal Type: Companion Animals, Livestock Animals
3) By Route Of Administration: Oral Route, Parental Route, Topical Route
4) By Distribution Channel: Veterinary Hospital Pharmacies, Retail Veterinary Pharmacies
5) By End-Use: Reference Laboratories, Point-Of-Care Testing Or In-House Testing, Veterinary Hospitals And Clinics, Other End-users
Subsegments:
1) By Drugs: Antimicrobials, Anti-inflammatory Drugs, Pain Management Drugs, Hormonal Drugs, Anesthetics
2) By Vaccines: Inactivated Vaccines, Live Attenuated Vaccines, Recombinant Vaccines, DNA Vaccines, Multivalent Vaccines
3) By Medical Feed Additives: Nutritional Supplements, Antimicrobial Feed Additives, Probiotics And Prebiotics, Enzymes, Growth Promoters
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8027&type=smp
Who Are the Key Players Shaping the Veterinary Medicine Market's Competitive Landscape?
Major companies operating in the veterinary medicine market are Zoetis Inc., Merck & Co. Inc., Elanco Animal Health Incorporated, Dechra Pharmaceuticals PLC, Ceva Sante Animale, Virbac, Boehringer Ingelheim International GmbH, Kindred Biosciences Inc., Biogenesis Bago SA, Indian Immunologicals Limited, Neogen Corporation, Hester Biosciences Limited, Phibro Animal Health, Vetoquinol S.A., IDEXX Laboratories Inc., Heska Corporation, Henry Schein Animal Health, Patterson Companies Inc., Covetrus Inc., VetPartners, National Veterinary Associates, Pathway Vet Alliance, VetCor, PetVet Care Centers, BluePearl Veterinary Partners, Banfield Pet Hospital, VCA Animal Hospitals, Mars Veterinary Health
What Geographic Markets Are Powering Growth in the Veterinary Medicine Market?
North America was the largest region in the veterinary medicine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the veterinary medicine market report during the forecast period. The regions covered in the veterinary medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8027
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growing Pet Owner Population Driving The Veterinary Medicine Market: Pivotal Factor Influencing Veterinary Medicine Market Growth in 2025 here
News-ID: 4086522 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Vet
My Montgomery Vet Expands Services as a Trusted Urgent Care Vet in Montgomery, A …
Pets are more than companions-they're family. When emergencies or health concerns arise, pet owners need a trusted partner who can provide reliable, compassionate care. My Montgomery Vet, a leading veterinary practice in Montgomery, is proud to announce expanded services designed to meet both routine and urgent needs for local pets. From preventive care to advanced treatments, the hospital is the top choice for families searching for a dependable vet near…
My Montgomery Vet: Montgomery's Trusted Emergency and Urgent Care Vet for Every …
When pets fall ill or face sudden injuries, time becomes the most critical factor. Families across Montgomery know that in these crucial moments, they can count on My Montgomery Vet, a trusted local practice that combines advanced medical care with compassion. Whether searching for a reliable vet near me, a skilled emergency vet, or an accessible urgent care vet, pet owners consistently turn to My Montgomery Vet for excellence in…
My Montgomery Vet Expands Services to Meet Growing Demand for Urgent Care Vet Su …
My Montgomery Vet has expanded its offerings to include enhanced urgent care vet support. This expansion aims to provide timely, professional treatment for non-life-threatening yet pressing health concerns-bridging the gap between regular wellness visits and critical emergency care.
For pet owners, a sudden health issue or unexpected injury to their beloved animal can be both distressing and time-sensitive. Recognising the growing demand for fast, accessible veterinary services, My Montgomery Vet has…
My Montgomery Vet: The Go-To Emergency Vet for Prompt and Professional Pet Care
My Montgomery Vet has established itself as a trusted provider of comprehensive veterinary services in the Montgomery, Texas area, with a special focus on emergency vet care. Their commitment to prompt, professional, and compassionate treatment makes them a go-to resource for pet owners seeking immediate assistance for their furry family members.
My Montgomery Vet: Your Go-To Emergency Vet for Prompt and Professional Pet Care
When a pet faces a sudden health crisis,…
Veterinary Orthopedic Implants Market 2023 Manufacturer Landscape: DePuy Synthes …
Veterinary Orthopedic Implants Market 2023, recently published by MarketsandResearch.biz methodically compiles the principal components of the market study. The report assists clients in predicting investment in an emerging market, expansion of market share, or success of a new product with the help of global Veterinary Orthopedic Implants market research analysis. The global Veterinary Orthopedic Implants market segmentation is administered intimately supported various parameters that include applications, verticals, deployment model, end-user,…
Global Veterinary Orthopedic Implants Market Insights 2019 - DePuy Synthes Vet, …
QY Market Insights has introduced a market study namely, Global Veterinary Orthopedic Implants Market 2019, serving key insights and offering a competitive advantage to consumers through a detailed report. The report delivers a close watch on leading players, technological advancement, market scenarios and trend, and a comprehensive overview of the market situations in the forecast period. The authors have added essential figures associated with the production and consumption forecast for…
