India Veterinary Healthcare Market Outlook to 2028

India Veterinary Healthcare Market Overview

India Veterinary Healthcare Market is valued at USD 500 million, driven by the growing awareness of animal health and welfare. Increasing livestock farming, rising pet ownership, and a focus on veterinary healthcare have contributed to this growth. Pharmaceuticals and diagnostic tools are essential segments within the market, addressing both companion animals and livestock needs. Factors like the rising prevalence of zoonotic diseases and the governments push for better animal health infrastructure are further driving the market.

India's veterinary healthcare market sees dominance in regions like Maharashtra, Karnataka, and Gujarat. These regions lead due to the concentration of livestock farming, the presence of large veterinary hospitals, and higher pet ownership rates. Additionally, these states have established animal welfare policies, advanced veterinary infrastructure, and proactive government initiatives supporting both rural and urban veterinary care. The agricultural and livestock economies in these areas are robust, adding to their importance within the market.

The veterinary pharmaceutical industry in India is regulated by the Ministry of Health & Family Welfare under the Drugs and Cosmetics Act, 1940. As of 2024, the government has introduced stricter quality control measures for veterinary drugs and vaccines to ensure their safety and efficacy. Approximately 80% of veterinary drugs sold in India must meet the latest standards for Good Manufacturing Practices (GMP). This regulatory framework helps maintain the quality of medicines available in the market, ensuring that animals receive safe and effective treatment.

India Veterinary Healthcare Market Segmentation

By Product Type: Indias veterinary healthcare market is segmented by product type into pharmaceuticals, diagnostics, and veterinary services. Pharmaceuticals hold a dominant market share, owing to the increasing demand for vaccines, antibiotics, and antiparasitics. The livestock sector's demand for preventive medicines and companion animal owners reliance on pet medications further contribute to this dominance. The rapid rise in zoonotic diseases like avian influenza has also pushed the use of pharmaceuticals to ensure the health of farm animals, thus maintaining a strong market position.

By Animal Type: Indias veterinary healthcare market is segmented by animal type into companion animals, livestock, and aquatic animals. Livestock dominates the market, driven by the nations dependence on agriculture and dairy farming. Livestock farming is a significant contributor to the economy, and the growing demand for high-quality animal products has increased the focus on veterinary healthcare in this segment. Moreover, government initiatives supporting livestock farming and disease control programs for animals have strengthened the importance of livestock in this sector.

India Veterinary Healthcare Market Competitive Landscape

The India veterinary healthcare market is dominated by a mix of local and international players. Large multinational companies like Zoetis and Merck Animal Health have strong footholds in the pharmaceuticals and diagnostics segments. Meanwhile, domestic players such as Hester Biosciences and Indian Immunologicals have established strong networks in the livestock health space. The market is consolidated around a few key players, with local manufacturers focusing on specific regions and niches.

Company

Establishment Year

Headquarters

No. of Employees

R&D Spending

Revenue

Product Portfolio

Geographical Reach

Strategic Collaborations

Zoetis Inc.

1952

New Jersey, USA

Merck Animal Health

1891

New Jersey, USA

Hester Biosciences

1987

Ahmedabad, India

Indian Immunologicals Ltd.

1982

Hyderabad, India

Virbac

1968

Carros, France

India Veterinary Healthcare Market Analysis

Growth Drivers

Rising Pet Ownership: The growing trend of pet ownership in India has significantly driven the demand for veterinary healthcare services. There are over31 million pet dogsin the country, making them the most common pets among Indian households, where63% of pet owners have at least one dog This increase in pet ownership has resulted in higher demand for veterinary services, including vaccinations, preventive care, and treatment for chronic diseases.

Livestock Farming Expansion: Livestock farming plays a critical role in Indias economy, contributing significantly to the countrys rural employment and GDP. According to the20th Livestock Census, the total livestock population in India was reported to be535.78 million. Livestock farming has expanded due to increasing demand for dairy products, meat, and poultry. This growth has driven investments in veterinary healthcare to ensure the health of livestock, as the economic losses from diseases can be devastating for farmers.

Increase in Zoonotic Diseases: Zoonotic diseases, which spread between animals and humans, have seen a rise in India, driving the need for advanced veterinary healthcare. The World Health Organization (WHO)estimates that India accounts for36% of global rabies deaths, with an estimated18,000 to 20,000 human rabies casesoccurring annually due to dog bites. This alarming statistic has underscored the importance of preventing zoonotic diseases, leading to an increase in demand for veterinary vaccines and treatments.

Challenges

High Cost of Veterinary Medicines: Veterinary medicines in India, especially for advanced treatments, remain costly, which limits accessibility for many pet owners and livestock farmers. The cost of certain imported veterinary drugs can be 20-30% higher than their human medicine counterparts. This price disparity is partly due to the lack of domestic manufacturing capabilities for specialized animal drugs.

Lack of Veterinary Infrastructure in Rural Areas: Despite the rise in pet ownership and livestock farming, rural India still faces significant challenges in accessing veterinary services. Only about 30% of Indias rural areas have veterinary hospitals or clinics, according to a report from the Ministry of Rural Development. Rural farmers often face difficulties in receiving timely healthcare for their livestock, leading to preventable losses from diseases. The government's veterinary extension programs are still underfunded and underdeveloped in many rural parts of the country.

India Veterinary Healthcare Future Market Outlook

Over the next five years, the India veterinary healthcare market is expected to experience significant growth, driven by the increasing demand for livestock products, expansion of veterinary diagnostics, and continuous government support for animal health infrastructure. Technological advancements, particularly in diagnostic tools and telemedicine for veterinary services, are expected to further drive market expansion. Moreover, growing pet ownership in urban areas is likely to boost the demand for companion animal healthcare solutions.

Market Opportunities

Growth in Veterinary Diagnostics: The veterinary diagnostics sector is witnessing significant growth, driven by the increased focus on early disease detection and preventive care. As of 2024, India has seen a rise in diagnostic centers for animals, with over 1,500 new facilities established in the last three years. These centers offer services such as blood tests, imaging, and molecular diagnostics. The increase in pet ownership and livestock farming has necessitated a robust diagnostic framework to ensure animal health. Government-backed programs like NADCP also support the development of diagnostic tools for livestock.

Technological Advancements in Animal Health Solutions: In 2024, India has seen the introduction of AI-based diagnostic tools, wearable health monitoring devices for pets, and mobile apps for remote veterinary consultations. Over 500 veterinary clinics across India now use AI-assisted diagnostic tools to enhance the accuracy of disease detection. Additionally, tech-driven companies are partnering with veterinary hospitals to offer digital health platforms for continuous monitoring of pets and livestock.
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