United States Veterinary Healthcare Market Growth & Forecast [2031]
United States Veterinary Healthcare Market Growth & Forecast [2031]
Segments - United States Veterinary Healthcare Market by Product (Therapeutics [(Vaccines, Parasiticides, Anti-infectives, Medical Feed Additives, and Others]), Diagnostics [(Immunodiagnostic Tests, Molecular Diagnostics, Diagnostic Imaging, Clinical Chemistry, and Others]), Animal Type (Dogs & Cats, Horses, Ruminants, Swine, Poultry, and Others) - United States Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031
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| Report ID :HC-3525
| 4.3 Rating
| 70 Reviews
| 165 Pages
| Format :
Report Description
The United States veterinary healthcare market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 5% during the forecast period, 2023 – 2031. The growth of the market is attributed to increased pet adoption.
Veterinary healthcare/medicine is the science used for diagnosing, treating, and preventing various diseases in animals and helps the production of the livestock animals is generating the growth in animal healthcare market.
In the United States, the government agencies help to enhance the management and highly support healthcare of veterinary animals both in production (e.g., sheep, pigs, cattle, others) animals and companion animals (e.g., cats, dogs, and horses) animal species.
The Covid-19 pandemic affected various economies, along with many sectors involves such as pharmaceutical and medical device industries. The US government has responded to threat Covid-19 by various restrictions such as social distancing, travel restrictions, and large-scale quarantines which impacted on business and consumer, overall affect the market growth during the forecast period.
United States Veterinary Healthcare Market Trends, Drivers, Restraints, and Opportunities
- In the US high support for the healthcare of veterinary animals both in companion animals and production animals of various categories is estimated to boost the market.
- The government in the US helps to enhance the management of animal healthcare, such as for the diagnosis and treatment, which is projected to drive the market.
- The market being investigated is growing due to a huge population investing in pet insurance throughout developed economies, which drives the market.
- Approval of new products for the treatment of animal illnesses is expected to boost the market.
- Social isolation, travel restrictions, and large-scale quarantines are the problems faced due to Covid-19, which are projected to hinder the market.
- The high cost of animal testing for diagnosis of any diseases, act as major restraints for the market growth.
Scope of United States Veterinary Healthcare Market Report
The report on the United States 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 |
Veterinary Healthcare Market - United States 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 (Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, Others), Diagnostics (Immunodiagnostic Tests, Molecular Diagnostics, Diagnostic Imaging, Clinical Chemistry, Others), Animal Type (Dogs & Cats, Horses, Ruminants, Swine, Poultry, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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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 |
Elanco Animal Health.; Boehringer Ingelheim International GmbH.; Merck & Co. Inc.; Indexx Laboratories.; Zoetis, Inc. |
United States Veterinary Healthcare Market Segment Insights
Products Segment Analysis
Based on products, the United States veterinary healthcare market is divided into therapeutics and diagnostics. The therapeutics segment is sub-segregated into vaccines, parasiticides, anti-infectives, medical feed additives, and others. The vaccines segment is expected to grow at a rapid pace during the forecast period owing to protection against Newcastle and Marek’s diseases.
Poulvac Procerta HVT-ND, a vectored recombinant vaccine for protection against Newcastle and Marek's disease viruses, has been added to the animal health company's poultry vaccine portfolio. On the other hand, the medical feed segment is anticipated to expand during the forecast period because of essential components of an animal's diet that are used to treat ailments and improve nutrition. It is a stress-free and safe way to provide veterinary medicines, and it is just as effective as injection, in-water, and tablet administration.
Animal Types Segment Analysis
On the basis of animal types, the United States veterinary healthcare market is segregated into dogs & cats, horses, ruminants, swine, poultry, and others. The dogs & cats segment is projected to expand at a considerable CAGR during the forecast period owning to increasing pet adoptions. The industry being investigated is growing due to a huge population investing in pet insurance in developed economies.
According to the American Pet Products Association's (APPA) 2019-2020 national pet owners’ survey, around 67 % of US homes, or 84.9 million families, own a pet. In recent years, not only has the number of pet owners risen, but the number of livestock has also expanded at a consistent rate.
Segments
The United States Veterinary Healthcare market has been segmented on the basis of
Product
- Therapeutics
- Vaccines
- Parasiticides
- Anti-infective
- Medical Feed Additives
- Others
- Diagnostics
- Immunodiagnostic Tests
- Molecular Diagnostics
- Diagnostic Imaging
- Clinical Chemistry
- Others
Animal Type
- Dogs & Cats
- Horses
- Ruminants
- Swine
- Poultry
- Others
Key Players
- Elanco Animal Health
- Boehringer Ingelheim International GmbH
- Merck & Co. Inc.
- Indexx Laboratories
- Zoetis, Inc.
Competitive Landscape
Key players competing in the United States veterinary healthcare market include Elanco Animal Health.; Boehringer Ingelheim International GmbH.; Merck & Co. Inc.; Indexx Laboratories.; Zoetis, Inc. Some of key players are using several diagnostic techniques for animal healthcare, such as defending the animals from infections brought on by changing weather.
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. Elanco Animal Health
11.4.2. Boehringer Ingelheim International GmbH
11.4.3. Merck & Co. Inc.
11.4.4. Indexx Laboratories
11.4.5. Zoetis, Inc.
Methodology
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