Global Animal Medicine Market Overview:
According to SPER Market Research, the Global Animal Medicine Market is estimated to reach USD 54.97 billion by 2030 with a CAGR of 7.1%. The industry for animal medicine consists of businesses that produce veterinary medicines such as veterinary vaccinations, veterinary antibiotics, and other veterinary pharmaceuticals, as well as businesses that provide medical feed additives and dietary feed additives.
Growing expanding markets, rising pet expenditures, rising illness prevalence, rising outbreaks of poultry diseases, and a lack of generic medications all contributed to expansion over the historical era. Lack of veterinarians, ignorance, incorrect medication usage, the expense of animal care, the rise in the use of fake vaccinations and medications, and strict laws all had a detrimental impact on development during that time.
The market for animal medicines is anticipated to be constrained by the growing concern of antibiotic resistance among animals. The capacity of a microorganism to survive the effects of an antibiotic that formerly could effectively treat an infection caused by the same kind of bacteria is known as antibiotic resistance in animals. Overuse of antibiotics may be the cause of this. China declared a ban on antibiotic usage in feeds starting in 2020 and a halt to the manufacturing of commercial feed containing pharmaceutical feed additives that promote growth as a response to the threat posed by antibiotic resistance.
Companies that produce veterinarian medicines are increasingly focused on super-combo parasiticide in the market for animal medicines. Before parasites damage animals, parasiticides are drugs that aid in their management. Companies invest in and produce combination parasiticides as a result of these products' greater efficiency and efficacy. Companies in the animal pharmaceutical industry are increasingly developing combination parasiticides that help treat fleas, heartworms, and common intestinal parasites more effectively.
Impact of COVID-19 on the Global Animal Medicine Market :
Each industry has been touched by COVID-19, without exception. The market for veterinary medications has also been impacted. The demand for veterinary vaccines has increased to some extent due to enhanced health facilities for animal husbandry and growing knowledge of immunization against illnesses that affect cattle. However, amid the veterinary vaccination crisis, major players, governmental agencies, and healthcare organizations are collaborating closely with medical experts, clients, and patients to improve animal health.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By Type of Animal, By Type, By Type of Prescription, By Route of Administration, By Distribution Channel
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| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East, Africa |
| Companies Covered | Animalcare, Agrovet Market Animal Health, BASF India Ltd., Bayer, Animal Health Cadila Vaccines Ltd., Bimeda, Boehringer Ingelheim GmbH, Ceva Santé Animale, Century Vaccines Limited, Chemo Argentina, DBK Pharma S.A.E., Elanco Animal Health Incorporated, HIPRA, IDT Biologika, Interfeed , Jurox Pty Ltd, Kyoritsu Seiyaku Corporation, Merck Animal Health, MSD Animal Health, Nimrod Veterinary Products Ltd., Novartis Animal Health, Phibro Animal Health Corporation, Sanofi Animal Health Inc., UCBVET, Virbac RSA, Zoetis India.
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Global Animal Medicine Market Segmentation:
By Type of Animal: Based on the Type of Animal, Global Animal Medicine Market is segmented as; Poultry, Cattle (Dairy and Meat Purposes) Dogs and Cats, Other Companion Animals, Other Farm Animals.
By Type: Based on the Type, Global Animal Medicine Market is segmented as; Veterinary Pharmaceuticals
(Veterinary Vaccines, Veterinary Antibiotics, Veterinary Parasiticides) Feed Additives (Medical Feed Additives, Nutritional Feed Additives).
By Type of Prescription: Based on the Type of Prescription, Global Animal Medicine Market is segmented as; OTC, Prescription.
By Route of Administration: Based on the Route of Administration, Global Animal Medicine Market is segmented as; Oral, Intravenous Subcutaneous, Others.
By Distribution Channel: Based on the Distribution Channel, Global Animal Medicine Market is segmented as; Veterinary services, Online, Others.
By Region: The Global Animal Medicine Market is majorly driven by North America. During the projected period, North America is anticipated to have the quickest rate of growth in the worldwide Global Animal Medicine Market.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Animal Medicine Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Animal Medicine Market, By Type Of Animal, 2019-2030 (USD Million)
6.1. Poultry
6.2. Cattle (Dairy and Meat Purposes)
6.3. Dogs and Cats
6.4. Other Companion Animals
6.5. Other Farm Animals
7. Global Animal Medicine Market, By Type, 2019-2030 (USD Million)
7.1. Veterinary Pharmaceuticals
7.1.1. Veterinary Vaccines
7.1.2. Veterinary Antibiotics
7.1.3. Veterinary Parasiticides
7.2. Feed Additives
7.2.1. Medical Feed Additives
7.2.1. Nutritional Feed Additives
8. Global Animal Medicine Market, By Type of Prescription, 2019-2030 (USD Million)
8.1. OTC
8.2. Prescription
9. Global Animal Medicine Market, By Route of Administration, 2019-2030 (USD Million)
9.1. Oral
9.2. Intravenous
9.3. Subcutaneous
9.4. Others
10. Global Animal Medicine Market, By Distribution Channel, 2019-2030 (USD Million)
10.1. Veterinary Services
10.2. Online
10.3. Others
11. Global Animal Medicine Market, By Region, 2019-2030 (USD Million)
11.1. North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2. Europe
11.2.1. Germany
11.2.2. United Kingdom
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Australia
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. South America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of South America
11.5. Middle East & Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Rest of Middle East & Africa
12. Company Profiles
12.1. Animalcare
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Agrovet Market Animal Health
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. BASF India Ltd.
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Bayer Animal Health Cadila Vaccines Ltd.
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Bimeda
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Boehringer Ingelheim GmbH
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Ceva Santé Animale
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Century Vaccines Limited
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Chemo Argentina
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. DBK Pharma S.A.E.
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Elanco Animal Health Incorporated
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. HIPRA
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13. IDT Biologika
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
12.14. Interfeed
12.14.1. Company details
12.14.2. Financial outlook
12.14.3. Product summary
12.14.4. Recent developments
12.15. Jurox Pty Ltd
12.15.1. Company details
12.15.2. Financial outlook
12.15.3. Product summary
12.15.4. Recent development
12.16. Kyoritsu Seiyaku Corporation
12.16.1. Company details
12.16.2. Financial outlook
12.16.3. Product summary
12.16.4. Recent developments
12.17. Merck Animal Health
12.17.1. Company details
12.17.2. Financial outlook
12.17.3. Product summary
12.17.4. Recent developments
12.18. MSD Animal Health
12.18.1. Company details
12.18.2. Financial outlook
12.18.3. Product summary
12.18.4. Recent developments
12.19. Nimrod Veterinary Products Ltd.
12.19.1. Company details
12.19.2. Financial outlook
12.19.3. Product summary
12.19.4. Recent developments
12.20. Novartis Animal Health
12.20.1. Company details
12.20.2. Financial outlook
12.20.3. Product summary
12.20.4. Recent developments
12.21. Phibro Animal Health Corporation
12.21.1. Company details
12.21.2. Financial outlook
12.21.3. Product summary
12.21.4. Recent developments
12.22. Sanofi Animal Health Inc.
12.22.1. Company details
12.22.2. Financial outlook
12.22.3. Product summary
12.22.4. Recent developments
12.23. UCBVET
12.23.1. Company details
12.23.2. Financial outlook
12.23.3. Product summary
12.23.4. Recent developments
12.24. Virbac RSA
12.24.1. Company details
12.24.2. Financial outlook
12.24.3. Product summary
12.24.4. Recent developments
12.25. Zoetis India
12.25.1. Company details
12.25.2. Financial outlook
12.25.3. Product summary
12.25.4. Recent development