Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How has the veterinary pharmaceuticals market grown over the years?

There has been robust growth in the size of the veterinary pharmaceuticals market in the last few years. Expected to expand from a value of $35.36 billion in 2024 to $37.87 billion in 2025, it will witness a compound annual growth rate (CAGR) of 7.1%. The underlying factors contributing to this growth during the historical period include a rise in pet numbers, an upsurge in personal expenditure on pets, heightened influence of e-commerce platforms facilitating online pharmacies, development in emerging markets, increasing government efforts, and a heightened incidence of diseases.

What Is the forecasted market size and growth rate for the veterinary pharmaceuticals market?

The market for plastic caps and closures is projected to experience significant expansion in the forthcoming years, with expectations to reach a size of $73.32 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.2%. This anticipated growth during the forecast period can be credited to factors such as increased demand for packaged products, attention to sustainability, inclination towards lightweight alternatives, requirements for customization and branding, and adjustment to consumer tastes. Key trends to watch in the forecast period encompass competition and product diversification, worldwide market advancement, market adaptation to consumer tastes, adherence to regulations, and a growing demand for convenience.

Get your veterinary pharmaceuticals market report here!

https://www.thebusinessresearchcompany.com/report/veterinary-pharmaceuticals-global-market-report

What are the major factors driving growth in the veterinary pharmaceuticals market?

One of the principal drivers for the veterinary pharmaceuticals market is the rise in the occurrence rate of ailments among animals. The escalating occurrence of diseases in livestock and pets necessitates the need for medication to manage these diseases. For example, the Banfield State of Pet Health Report indicates a 79.7% surge in diabetes prevalence in dogs from 13.1 cases per 10,000 to 23.6 cases, and an 18% increase in cats. This escalation in the rate of animal diseases has led to the growth in demand for the veterinary pharmaceuticals market.

What key areas define the segmentation of the global veterinary pharmaceuticals Market?

The veterinary pharmaceuticals market covered in this report is segmented –

1) By Type: Veterinary Vaccines, Veterinary Antibiotics, Veterinary Parasiticides, Other Veterinary Pharmaceuticals

2) By Type Of Animal: Livestock, Companion Animals

3) By Type Of Vaccine: Inactivated Vaccines, Attenuated Vaccines, Recombinant Vaccines, Other Vaccines

4) By Route Of Administration: Oral, Parenteral, Topical, Other Routes Of Administration

5) By End User: Veterinary Hospitals, Veterinary Clinics, Pharmacies And Drug Stores

Subsegments:

1) By Veterinary Vaccines: Inactivated Vaccines, Live Attenuated Vaccines, Recombinant Vaccines, DNA Vaccines, Subunit Vaccines

2) By Veterinary Antibiotics: Penicillins, Cephalosporins, Tetracyclines, Fluoroquinolones, Macrolides

3) By Veterinary Parasiticides: Endoparasiticides, Ectoparasiticides, Endectocides, Antiprotozoals

4) By Other Veterinary Pharmaceuticals: Anti-inflammatory Drugs, Analgesics, Hormonal Medications, Antifungals

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=3809&type=smp

What are the top market players propelling the growth of the veterinary pharmaceuticals industry?

Major companies operating in the veterinary pharmaceuticals market include Zoetis Inc, Merck & Co., Inc, Boehringer Ingelheim International Gmb, Elanco Animal Health Incorporated, Ceva Sante Animale, Virbac SA, Dechra Pharmaceuticals PLC, Vetoquinol S.A., Phibro Animal Health Corporation, Kyoritsu Seiyaku Corporation, Hebei Chengshengtang Animal Pharmaceutical, Shijiazhuang Fengqiang Animal Pharmaceutical Co,.Ltd, Vvaan Lifesciences Private Limited, Century Pharmaceuticals Limited, Cargill India Pvt. Ltd., Jurox Pty Ltd, Bayer, Veteq, Nimrod Veterinary Products Ltd., Bimeda, Orion Animal Health, Petmedix, Eco Animal Health, Teknofarma, Farmavet, Candioli Pharma, Suanfarma, Marino Ibericamed, MPA veterinary, Swetrade Pharmaceuticals AB, Animalcare, VET-AGRO Sp. z o. o, CANPOLAND SA, Cymedica, VIC Group, NITA-FARM, Apicenna LLC, Delos Medica, Provet Group, Bioveta AS, Veterinarski Zavod Subotica, PharmaGal s.r.o., Trifecta Pharmaceuticals USA LLC., Alberta Veterinary Laboratories Ltd., Veterinary Purchasing Co. Ltd , UCBVET, Syntec, Sauvet, Vetanco, Chemo Argentina, Brouwer, Agrovet Market Animal Health, Lemavet, Primo Veterinary Medicines Trading LLC., AL Kubara Veterinary Medicines Trading LLC., Eurovets Veterinary Suppliers, Saudi Pharmaceutical Industries, DBK Pharma S.A.E., Dawa Limited, Neimeth International Pharmaceuticals, Osy-Adamu Pharmaceutical Co., Global Vet (U) Ltd

What are the key trends shaping the future of the veterinary pharmaceuticals market?

An upward trend in the use of generic drugs for animal healthcare is becoming evident in the veterinary pharmaceuticals market. The cost-effectiveness of these generic medications is aiding pet enthusiasts in caring for their pets more proficiently. 22 generic animal medications meant for cats and dogs have been sanctioned by the FDA, leading to increased usage of these drugs by veterinary professionals. A survey conducted by Brakke and Trone Brand Energy Inc. on 520 veterinary practitioners showed that approximately 80% of them use generic medications as a cost-saving measure for pet owners. Nonetheless, veterinarians need to explore the reduced profit margin offered by manufacturers of generic drugs when compared to the substantial profits offered by branded drug manufacturers.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3809

What regions are dominating the veterinary pharmaceuticals market growth?

North America was the largest region in the veterinary pharmaceuticals market in 2024. Asia-Pacific was the second-largest region in the global veterinary pharmaceuticals market report. The regions covered in the veterinary pharmaceuticals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Browse Through More Similar Reports By The Business Research Company:

Veterinary Healthcare Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/veterinary-healthcare-global-market-report

Veterinary Anesthesia Equipment Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/veterinary-anesthesia-equipment-global-market-report

Veterinary Antibiotics Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/veterinary-antibiotics-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: