The Veterinary Pharmaceuticals Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Veterinary Pharmaceuticals Market?
The Veterinary Pharmaceuticals Global Market Report 2025 projects a market expansion from $35.36 billion in 2024 to $37.87 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Veterinary Pharmaceuticals Industry?
The Veterinary Pharmaceuticals Global Market is predicted to grow significantly, reaching a market size of $50.59 billion in 2029, with a compound annual growth rate (CAGR) of 7.5%.
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What are the Key Growth Drivers Fueling the Veterinary Pharmaceuticals Market?
The key drivers in the veterinary pharmaceuticals market are:
• Rise in pet ownership globally
• Significant increase in global population
• Growth in disposable income among pet owners
• Expanding urbanization across the world
• Increased penetration of pet insurance in the market
• Greater government support for pet health and welfare
• Emergence of novel therapies such as stem cell and nanotechnology in veterinary medicines
• Development of pet-friendly drug delivery methods such as chewable tablets
• Utilization of telemedicine platforms in veterinary care to counter the COVID-19 impact
• Advancements in veterinary vaccines
• Increased usage of super-combo parasiticides and subunit, virus-like particle (VLP)-based vaccines
• Focus on strategic partnerships and collaborations in the industry.
Global Market Segmentation: Identifying Major Veterinary Pharmaceuticals Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Veterinary Pharmaceuticals Market?
The key trends in the veterinary pharmaceuticals market are:
• The focus on stem cell therapy for animals is a key emerging trend.
• The application of nanotechnology in veterinary medicines to combat antibiotic resistance is becoming increasingly popular.
• There is a growing development and demand for chewable tablets in the veterinary pharmaceuticals market.
• The use of telemedicine platforms, especially in the wake of COVID-19, is an evolving trend.
Who Are the Top Competitors & Leading Players in the Veterinary Pharmaceuticals Market?
Major companies in the veterinary pharmaceuticals market are:
• 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
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the veterinary pharmaceuticals market in 2024
