Italy Veterinary Healthcare Market Size & Forecast [2031]
Italy Veterinary Healthcare Market Size & Forecast [2031]
Segments - Italy Veterinary Healthcare Market by Product (Therapeutics and Diagnostics), Animal Type (Dogs & Cats, Horses, Ruminants, Swine, Poultry, and Others) and Country (Italy) - Italy Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-1853
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| 217 Pages
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Report Description
The Italy Veterinary Healthcare Market size was valued at USD 6.51 Billion in 2022 and is expected to surpass USD 11.38 Billion by 2031, expanding at a CAGR of 6.4% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing number of pet owners.
A substance used to treat various medical problems in animals is referred to as veterinary medication. Veterinary medicine, for example, includes medicines such as anti-infective and parasitic ides that are given to animals orally.
Vaccines are also used in veterinary medicine to establish immunity in animals against viral illnesses such as equine influenza (EIV) and par influenza 3-respiratory syncytial virus. Moreover, medication is delivered to animals by a variety of methods, including oral administration, parenteral administration, and topical administration of certain parasitical drug formulations.
COVID-19 outbreak has had a negative impact on the market. Following WHO's declaration of COVID-19 as a pandemic, nations throughout the world implemented national lockdowns to enforce social distance as a preventative precaution. This resulted in upheaval, restriction, difficulties, and changes in every industry area.
Veterinary organisations all across the world, for example, have suggested that animal patient care be limited to critically sick animals and emergencies. Furthermore, the lockdowns have caused yearly check-up tests and optional treatments to be rescheduled. As a result, the overall impact of COVID-19 on the veterinary market remains negative.
Veterinary Healthcare Market Trends, Drivers, Restraints, and Opportunities
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Rising incidence of different medical problems in animals are projected to fuel the market during the forecast period.
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Increasing demand for livestock products are key factors propelling the market in the coming years.
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High price of veterinary healthcare is estimated to hamper the market growth.
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Lack of skilled labor act as major challenges that can restrict the market in the coming years.
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R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.
Scope of Veterinary Healthcare Market Report
The report on the Italy veterinary healthcare market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Italy Veterinary Healthcare Market- Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product (Therapeutics and Diagnostics), Animal Type (Dogs & Cats, Horses, Ruminants, Swine, Poultry, and Others) |
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Geographical Scope |
Italy |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Scil animal care company S.r.l.; Friulchem; FATRO S.p.A.; Candioli Pharma; Teknofarma S.p.A. |
Veterinary Healthcare Market Segment Insights
The vaccines segment is projected to represent major market share
Based on products, the Italy veterinary healthcare market is bifurcated into therapeutics and diagnostics. The vaccines in therapeutic segment is expected to represent a key share of the market during the forecast period, the occurrence of new illnesses, which provides a chance to create new vaccines, as well as increasing government initiatives, are projected to fuel the market in Italy.
During mass immunization, long-lasting vaccinations were greatly desired. In Italy, six different strains of bluetongue virus were discovered, and the lack of polyvalent vaccinations made forecasting its spread difficult. Vaccination demand has risen in recent years as a result of epidemics that have caused considerable losses in the animal breeding sector. Moreover, the continuous number of mergers and acquisitions conducted by leading market competitors to extend their vaccination portfolio is projected to significantly increase the growth potential.
The dogs & cats segment is expected to grow at a rapid pace
On the basis of animal type, the Italy veterinary healthcare market is divided into dogs & cats, horses, ruminants, swine, poultry, and others. The dogs & cats segment is expected to represent a key share of the market during the forecast period owing to rising frequency of chronic illnesses. Due to the growing need for enhanced treatment options for canines suffering from chronic illnesses, the dogs section accounted for roughly 40.0 % of the segment.
Segments
The Italy veterinary healthcare market has been segmented on the basis of
Product
- Therapeutics
- Diagnostics
Animal Type
- Dogs & Cats
- Horses
- Ruminants
- Swine
- Poultry
- Others
Key Players
- Scil animal care company S.r.l.
- Friulchem
- Teknofarma S.p.A.
- FATRO S.p.A.
- Candioli Pharma
Competitive Landscape
Key players competing in the Italy veterinary healthcare market include Scil animal care company S.r.l., Friulchem; FATRO S.p.A., Candioli Pharma, and Teknofarma S.p.A.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Veterinary Healthcare Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Veterinary Healthcare Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Veterinary Healthcare Market - Supply Chain
4.5. Global Veterinary Healthcare Market Forecast
4.5.1. Veterinary Healthcare Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Veterinary Healthcare Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Veterinary Healthcare Market Absolute $ Opportunity
5. Global Veterinary Healthcare Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Veterinary Healthcare Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Veterinary Healthcare Demand Share Forecast, 2019-2026
6. North America Veterinary Healthcare Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Veterinary Healthcare Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Veterinary Healthcare Demand Share Forecast, 2019-2026
7. Latin America Veterinary Healthcare Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Veterinary Healthcare Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Veterinary Healthcare Demand Share Forecast, 2019-2026
8. Europe Veterinary Healthcare Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Veterinary Healthcare Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Veterinary Healthcare Demand Share Forecast, 2019-2026
9. Asia Pacific Veterinary Healthcare Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Veterinary Healthcare Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Veterinary Healthcare Demand Share Forecast, 2019-2026
10. Middle East & Africa Veterinary Healthcare Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Veterinary Healthcare Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Veterinary Healthcare Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Veterinary Healthcare Market: Market Share Analysis
11.2. Veterinary Healthcare Distributors and Customers
11.3. Veterinary Healthcare Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Scil animal care company S.r.l. Friulchem FATRO S.p.A. Candioli Pharma Teknofarma S.p.A.
Methodology
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