Veterinary Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Animal Type (Production, and Companion); Product (Biologics, Pharmaceuticals, and Medicated Feed Additives); Mode of Delivery (Oral, Parenteral, and Others); End-use (Reference Laboratories, Point-of-care testing/In-house testing, Veterinary Hospitals and Clinics, and Others), and Geography
In Veterinary service, various industry activities include operating animal hospitals, animal disease testing, livestock inspecting, testing, performing animal vaccinations, operating veterinary clinics, operating veterinary testing laboratories, and providing veterinary livestock services. Growth in the global veterinary industry is mainly because of increased pet ownership, awareness of animal health issues, demand for animal-related products, and the availability of advanced surgical and diagnostic procedures. There are various technologies involved in veterinary medicine.
The "Global Veterinary Market Analysis to 2028" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of the veterinary market with detailed market segmentation by animal type, product, mode of delivery, end use, and geography. The report provides key statistics on the market status of the leading veterinary market players and offers key trends and opportunities in the market.
Based on animal type, the global veterinary market is segmented into production and companion. Production is again segmented into poultry, swine, cattle, sheep and goats, fish, and companion is segmented into dogs, cats, horses, others
On the basis of product, the market is segmented into biologics, pharmaceuticals, medicated feed additives. Biologics is again segmented into vaccine, others
On the basis of mode of delivery, the market is segmented into oral, parenteral, others (topical, carrier).
On the basis of end use, the market is segmented into reference laboratories, point-of-care testing/in-house testing, veterinary hospitals and clinics, others.
MARKET DYNAMICS Drivers
Rise in the incidences of zoonotic and chronic diseases.
Growing numbers of pet owners.
Growing meat consumption rate.
The cost of several diagnostic imaging equipment and veterinary medicines is the major restraining factor for this market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The veterinary market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the veterinary market in these regions.
IMPACT OF COVID-19 ON VETERINARY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report covers key developments in the veterinary market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from veterinary market are anticipated to lucrative growth opportunities in the future with the rising demand for veterinary in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the veterinary market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Merck Animal Health
Ceva Sante Animale
Boehringer Ingelheim GmbH
Kindred Biosciences, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Merck Animal Health
2. Ceva Sante Animale
3. Vetoquinol S.A.
5. Boehringer Ingelheim GmbH
7. Nutreco N.V.
9. Kindred Biosciences, Inc.
10. Biogenesis Bago
11. Indian Immunologicals Ltd.
12. Neogen Corporation
13. Hester Biosciences
14. Philbro Animal Health