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Global Veterinary Care Market by Animal Type (Production, Companion), by Type Of Care (Critical, Primary) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MC-72566
  • Author: Up Market Research
  • Rating: 4.9
  • Total Reviews: 86
  • No. Of Pages: 217
  • Format:
  • Pub. Date: 2021-10-21
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Summary of the Report

Global veterinary care market was worth USD 74.7 billion in 2020. It is projected to grow at a compound annual rate (CAGR of 5.4%) between 2021 and 2028. The demand for better veterinary services is increasing due to the rising incidence of chronic diseases in animals and pets. There are many awareness programs being held around the globe to promote better veterinary care. This is driving the demand. The Canadian Veterinary Medical Association hosts an annual public awareness campaign called Animal Health Week every October. Market growth has been boosted by initiatives such as the One Health Initiative to improve animal healthcare.

This collaboration brings together clinical care, disease surveillance and control, education, research, and education to improve the management of epidemics. The market is likely to grow due to the increasing number of government initiatives that promote better veterinary care.

In September 2019, Agriculture and Horticulture Development Board created Ruminant Health and Welfare Group. This group was established to provide a coordinated approach to dealing with cattle and sheep health problems. The 2020 Healthy Pets Healthy Families Initiative was also launched by the Veterinary Public Health Program of the Los Angeles County Department of Public Health to monitor trends and improve animal and human health .

The industry has been severely affected by COVID-19. Many packing and processing facilities around the world had to temporarily close. Some plants also faced delivery problems, which meant that restaurants and food service workers had to close their doors. Additionally, many veterinary laboratories were unable to receive enough animal samples during the COVID-19 pandemic. This negatively impacted market growth. Veterinary visits also declined in the first quarter of 2020.

According to AmerisourceBergen Corporation, the number of veterinary dental services in the United States decreased by 31% in quarter one 2020 compared to last year. The number of vaccinations has decreased by 19% in the last year. The market recovered in a V-shaped fashion in the second quarter of 2020. Clinics began to rebound as dental services increased 10% in the second quarter of 2020 compared with last year. The highest percentage of positive growth in senior wellness bloodwork was 24% compared to the previous year. These factors will likely increase market revenue in the future.

Information on Animal Types

In 2020, the companion animals segment accounted for 60.00% of global market revenue. This is due to market players' increasing initiatives, a growing pet population, as well as rising pet spending. Organizations such as European Scientific Counsel Companion Animal Parasites (Companion Animal Parasite Council) are urging organizations to take the appropriate steps to meet increasing demand for effective monitoring and to raise awareness about the pathogenesis and epidemiology of diseases in companion animals.

The COVID-19 pandemic encourages pet owners, health care providers, and payers to use telehealth for veterinary care. Chewy Inc., an online pet pharmacy, introduced telehealth to dogs and cats in October 2020. Dogs accounted for the largest percentage of companion animals in 2020. Canine healthcare is expected to offer significant growth opportunities for pet owners.

Type of Care Insights

With a revenue share of more than 58%, the primary care segment commanded the highest revenue share among companion animals. Primary care includes, among other things, physical examinations and vaccinations. The American Veterinary Medical Association (AVMA) estimates that nearly 80% of dogs will develop periodontal disease before the age of three. Therefore, demand for dental services is expected to rise.

A rise in dog numbers and the death rate from rabies is expected to lead to an increase in vaccination programs. This will drive segment growth. Dogs are the main reservoir of virus. They are responsible for almost 99% of all rabies-related deaths in humans. A significant share of diagnostic services was also captured by the growing demand for portable devices and rapid tests for Point-of-Care services (POC). These factors will drive market growth during the forecast period.

In 2020, a large portion of the country's veterinary care services were provided to production animals. Many countries are working to achieve total food security. This is a way for policymakers to ensure that large-scale food production does not become a problem and allows for better livestock rearing. The Food and Agriculture Organization estimates that animal-based foods account for one third of the world's protein needs in emerging countries. This is leading to an increase of livestock productivity. These factors account for the large share of the global market held by the production animal sector.

Regional Insights

North America was the dominant market, with a 42% revenue share in 2020. One of the main reasons for the market's largest share is the rising incidence of canine diseases. According to the 2018 State of Pet Health Report by Banfield Pet Hospital, there has been an increase in allergic reactions in cats and dogs over the past ten years.

The demand for veterinary treatment for livestock animals is increasing due to rising consumption of animal proteins in diets. In 2019, the US average per capita beef and veal meat consumption was 26.3kg, while pork meat consumption was 24kg. Market growth is being driven by increased awareness about food safety and increased consumption of poultry-related products.

Asia Pacific will show the fastest expected CAGR during the forecast period. The market will experience significant growth because most countries are dependent on agriculture and exports. The market is also growing due to the increasing prevalence of zoonotic disease and increased awareness about livestock diseases.

The key driver of the pet care industry is improved pet adoption. The perception of pet owners in the region is changing due to the increasing adoption of Western lifestyles and pet humanization. Market growth is likely to be influenced by this shift in behavior regarding pet adoption.

Market Share Insights & Key Companies

With the presence of large- and small-scale companies, the market is fragmented. To achieve their growth goals and increase market share, these players use a variety of strategic initiatives. Key companies have a variety of initiatives, including new product launches, partnerships and collaborations, expanding local and regional footprints, mergers and acquisitions, and expansion of local and national footprints. In April 2020, VetPartners Pty. Ltd. purchased National Veterinary Care Ltd. at USD 251.5 million. They would work together to improve veterinary services in Australia and New Zealand. PetIQ and whiskerDocs, an expert in veterinary telehealth, launched their telehealth platform in May 2020. Pet owners can now make more informed clinical and health decisions for their pets. The following are some of the most prominent players in the global market for veterinary care:

  • Merck Animal Health

  • Ceva Sante Animale

  • Zoetis

  • Boehringer Ingelheim GmbH

  • Elanco

  • IDEXX Laboratories, Inc.

  • Heska Corp.

  • Virbac

  • Vetoquinol S.A.

  • Indian Immunologicals Ltd.

Up Market Research published a new report titled “Veterinary Care Market research report which is segmented by Animal Type (Production, Companion), by Type Of Care (Critical, Primary), By Players/Companies Virbac, Vetoquinol SA, Indian Immunologicals Ltd , Heska Corp, Merck Animal Health, IDEXX Laboratories Inc, Ceva Sant© Animale, Zoetis, Elanco, Boehringer Ingelheim GmbH”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleVeterinary Care Market Research Report
By Animal TypeProduction, Companion
By Type Of CareCritical, Primary
By CompaniesVirbac, Vetoquinol SA, Indian Immunologicals Ltd , Heska Corp, Merck Animal Health, IDEXX Laboratories Inc, Ceva Sant© Animale, Zoetis, Elanco, Boehringer Ingelheim GmbH
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages217
Number of Tables & Figures152
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Veterinary Care Industry Outlook

Global Veterinary Care Market Report Segments:

The market is segmented by Animal Type (Production, Companion), by Type Of Care (Critical, Primary).

Veterinary Care Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Veterinary Care Market

Overview of the regional outlook of the Veterinary Care Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Veterinary Care Market Overview

Highlights of The Veterinary Care Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Veterinary Care Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Animal Type:

                1. Production

                2. Companion

        7. By Type Of Care:

                1. Critical

                2. Primary

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Veterinary Care Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Veterinary Care Market Trends

Reasons to Purchase the Veterinary Care Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Veterinary Care Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Veterinary Care Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Veterinary Care Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Veterinary Care Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Veterinary Care Market Size & Forecast, 2018-2028 
      4.5.1 Veterinary Care Market Size and Y-o-Y Growth 
      4.5.2 Veterinary Care Market Absolute $ Opportunity 


Chapter 5 Global Veterinary Care Market Analysis and Forecast by Animal Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Animal Type
      5.1.2 Basis Point Share (BPS) Analysis by Animal Type
      5.1.3 Absolute $ Opportunity Assessment by Animal Type
   5.2 Veterinary Care Market Size Forecast by Animal Type
      5.2.1 Production
      5.2.2 Companion
   5.3 Market Attractiveness Analysis by Animal Type

Chapter 6 Global Veterinary Care Market Analysis and Forecast by Type Of Care
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Type Of Care
      6.1.2 Basis Point Share (BPS) Analysis by Type Of Care
      6.1.3 Absolute $ Opportunity Assessment by Type Of Care
   6.2 Veterinary Care Market Size Forecast by Type Of Care
      6.2.1 Critical
      6.2.2 Primary
   6.3 Market Attractiveness Analysis by Type Of Care

Chapter 7 Global Veterinary Care Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Veterinary Care Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Veterinary Care Analysis and Forecast
   9.1 Introduction
   9.2 North America Veterinary Care Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Veterinary Care Market Size Forecast by Animal Type
      9.6.1 Production
      9.6.2 Companion
   9.7 Basis Point Share (BPS) Analysis by Animal Type 
   9.8 Absolute $ Opportunity Assessment by Animal Type 
   9.9 Market Attractiveness Analysis by Animal Type
   9.10 North America Veterinary Care Market Size Forecast by Type Of Care
      9.10.1 Critical
      9.10.2 Primary
   9.11 Basis Point Share (BPS) Analysis by Type Of Care 
   9.12 Absolute $ Opportunity Assessment by Type Of Care 
   9.13 Market Attractiveness Analysis by Type Of Care

Chapter 10 Europe Veterinary Care Analysis and Forecast
   10.1 Introduction
   10.2 Europe Veterinary Care Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Veterinary Care Market Size Forecast by Animal Type
      10.6.1 Production
      10.6.2 Companion
   10.7 Basis Point Share (BPS) Analysis by Animal Type 
   10.8 Absolute $ Opportunity Assessment by Animal Type 
   10.9 Market Attractiveness Analysis by Animal Type
   10.10 Europe Veterinary Care Market Size Forecast by Type Of Care
      10.10.1 Critical
      10.10.2 Primary
   10.11 Basis Point Share (BPS) Analysis by Type Of Care 
   10.12 Absolute $ Opportunity Assessment by Type Of Care 
   10.13 Market Attractiveness Analysis by Type Of Care

Chapter 11 Asia Pacific Veterinary Care Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Veterinary Care Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Veterinary Care Market Size Forecast by Animal Type
      11.6.1 Production
      11.6.2 Companion
   11.7 Basis Point Share (BPS) Analysis by Animal Type 
   11.8 Absolute $ Opportunity Assessment by Animal Type 
   11.9 Market Attractiveness Analysis by Animal Type
   11.10 Asia Pacific Veterinary Care Market Size Forecast by Type Of Care
      11.10.1 Critical
      11.10.2 Primary
   11.11 Basis Point Share (BPS) Analysis by Type Of Care 
   11.12 Absolute $ Opportunity Assessment by Type Of Care 
   11.13 Market Attractiveness Analysis by Type Of Care

Chapter 12 Latin America Veterinary Care Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Veterinary Care Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Veterinary Care Market Size Forecast by Animal Type
      12.6.1 Production
      12.6.2 Companion
   12.7 Basis Point Share (BPS) Analysis by Animal Type 
   12.8 Absolute $ Opportunity Assessment by Animal Type 
   12.9 Market Attractiveness Analysis by Animal Type
   12.10 Latin America Veterinary Care Market Size Forecast by Type Of Care
      12.10.1 Critical
      12.10.2 Primary
   12.11 Basis Point Share (BPS) Analysis by Type Of Care 
   12.12 Absolute $ Opportunity Assessment by Type Of Care 
   12.13 Market Attractiveness Analysis by Type Of Care

Chapter 13 Middle East & Africa (MEA) Veterinary Care Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Veterinary Care Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Veterinary Care Market Size Forecast by Animal Type
      13.6.1 Production
      13.6.2 Companion
   13.7 Basis Point Share (BPS) Analysis by Animal Type 
   13.8 Absolute $ Opportunity Assessment by Animal Type 
   13.9 Market Attractiveness Analysis by Animal Type
   13.10 Middle East & Africa (MEA) Veterinary Care Market Size Forecast by Type Of Care
      13.10.1 Critical
      13.10.2 Primary
   13.11 Basis Point Share (BPS) Analysis by Type Of Care 
   13.12 Absolute $ Opportunity Assessment by Type Of Care 
   13.13 Market Attractiveness Analysis by Type Of Care

Chapter 14 Competition Landscape 
   14.1 Veterinary Care Market: Competitive Dashboard
   14.2 Global Veterinary Care Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Virbac
      14.3.2 Vetoquinol SA
      14.3.3 Indian Immunologicals Ltd 
      14.3.4 Heska Corp
      14.3.5 Merck Animal Health
      14.3.6 IDEXX Laboratories Inc
      14.3.7 Ceva Sant© Animale
      14.3.8 Zoetis
      14.3.9 Elanco
      14.3.10 Boehringer Ingelheim GmbH
Segments Covered in the Report
The global Veterinary Care market has been segmented based on

By Animal Type
  • Production
  • Companion
By Type Of Care
  • Critical
  • Primary
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Virbac
  • Vetoquinol SA
  • Indian Immunologicals Ltd 
  • Heska Corp
  • Merck Animal Health
  • IDEXX Laboratories Inc
  • Ceva Sant© Animale
  • Zoetis
  • Elanco
  • Boehringer Ingelheim GmbH

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