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Veterinary Medicine Market

Publisher Coherent Market Insights
Published Aug 11, 2025
Length 169 Pages
SKU # CMI20399665

Description

Veterinary medicine is a branch of medicine that deals with prevention, management, diagnosis, and treatment of disease, disorder, and injury in animals (both companion animals and livestock animals). Moreover, veterinary drugs indirectly benefit human healthcare by restricting the spread of infectious diseases from animals to humans. Therefore, there is an increasing demand for safe and effective veterinary drugs around the world.

Market Dynamics

Rising incidence of zoonotic diseases, increase in pet ownership, increase in demand for meat and animal-based products, rise in demand for veterinary medicine, and rise in focus on the veterinary healthcare are major factors expected to drive growth of the global veterinary medicine market.

For instance, in September 2022, the Food and Drug Administration (FDA) approved SpectoGard, the first generic spectinomycin sulfate injectable solution for the treatment of bovine respiratory diseases. Moreover, in September 2022, the US FDA approved Simplera Otic Solution, one of the first generic drug products that have a single-dose treatment with a 30-day duration of effect for otitis externa (outer ear infection) in dogs.

Key features of the study
  • This report provides in-depth analysis of the veterinary medicine market, and provides market size (USD Bn) and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global veterinary medicine market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include Ceva, Zoetis, Elanco, Chanelle Pharma Group, and Boehringer Ingelheim International Gmbh, among others.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • The global veterinary medicine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global veterinary medicine market.
Market Segmentation
  • Global Veterinary Medicine Market, By Animal Type
  • Domesticated
  • Companion
  • Global Veterinary Medicine Market, By Product
  • Drug
  • Vaccines
  • Global Veterinary Medicine Market, By Route of Administration
  • Oral
  • Parental
  • Others
  • Global Veterinary Medicine Market, By Distribution Channel
  • Veterinary Hospitals & Clinics
  • Retail Stores
  • Online Pharmacies
  • Global Veterinary Medicine Market, By Region
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Veterinary Medicine Market Companies
  • Ceva
  • Zoetis
  • Elanco
  • Chanelle Pharma Group
  • Boehringer Ingelheim International Gmbh

Table of Contents

169 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Animal Type
Market Snapshot, By Product
Market Snapshot, By Route of Administration
Market Snapshot, By Distribution Channel
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Rising incidence of chronic and zoonotic diseases
Stringent regulatory guidelines and lack of veterinarians
Rise in demand for safe and effective veterinary medicine
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Veterinary Medicine Market, By Animal Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Domesticated
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Companion
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Veterinary Medicine Market, By Product, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Drug
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Vaccines
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Veterinary Medicine Market, By Route of Administration, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Oral
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Parental
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
7. Global Veterinary Medicine Market, By Distribution Channel, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Veterinary Hospitals & Clinics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Retail Stores
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Online Pharmacies
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
8. Global Veterinary Medicine Market, By Region, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Animal Type, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Route of Administration, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032, (USD Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Animal Type, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Route of Administration, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032, (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Animal Type, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Route of Administration, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032, (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Animal Type, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Route of Administration, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032, (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Animal Type, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Route of Administration, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032, (USD Bn)
GCC Countries
Israel
Rest of Middle East
South Africa
North Africa
Central Africa
9. Competitive Landscape
Ceva
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Zoetis
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Elanco
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Chanelle Pharma Group
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Boehringer Ingelheim International Gmbh
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Analyst Views
10. Section
Research Methodology
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