Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Veterinary Care Market to reach USD 107.95 billion by 2027.

Global Veterinary Care Market Size study, by Animal Type (Companion Animal and Production Animal), by Treatment Type (No medicalization, Basic Medicalization and Veterinary Care), and Regional Forecasts 2021-2027

Product Code: HLSMD-84028299
Publish Date: 2-09-2021
Page: 200

Global Veterinary Care Market is valued approximately at USD 74.7 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.4% over the forecast period 2021-2027. Rising trend of pet adoption is growing the demand for veterinary care. Growing cases of chronic diseases in pets and livestock animals, government initiatives to promote better veterinary care around the world and rising consumption of protein from animal sources are fueling demand for veterinary care. For instance, population of pet dogs in India were 12.58 million in 2014, which went up to 19.41 million in 2018 and reached 21.42 million in 2019, also it is projected to reach 31.41 million by 2023. Additionally, according to Association for Pet Obesity Prevention survey of 2018, U.S. pets’ obesity rate remained unchanged in 2018 as compared to 2017, as 59.5% of cats and 55.8% of dogs were classified as obese. Also, according to Statista, worldwide demand of poultry protein between 2015 and 2035 is expected to increase by 65%. Furthermore, rising spending on pet welfare and strategic initiatives by market players to cater the rising demand are expected to fuel the demand for veterinary care during forecast period. According to American Pet Products Association, in 2020, USD 31.4 billion was spent on vet care and products in United States, which is estimated to reach USD 32.3 billion in 2021. Also, in February 2020, Zoetis acquired Ethos Diagnostic Science, which was aimed towards expanding product portfolio in veterinary space. However, shortage of veterinarians and strict rules and regulations may hinder the growth during forecast period.

North America is leading the world market in terms of market share among Asia Pacific, North America, Europe, Latin America, and Rest of the World, due to rising cases of canine disorders and increase in environmental allergy cases in cats and dogs. Whereas, Asia Pacific is expected to grow with the highest growth rate during forecast period, owing to high availability of poultry animals and growing awareness regarding livestock diseases in the region.
Major market player included in this report are:

Merck Animal Health
Ceva Santé Animale
Boehringer Ingelheim GmbH
IDEXX Laboratories, Inc.
Heska Corp.
Vetoquinol S.A.
Indian Immunologicals Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Animal Type:
Companion Animal
Production Animal
By Treatment Type:
No medicalization
Basic Medicalization
Veterinary Care

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Veterinary Care Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Veterinary Care Market, by Region, 2019-2027 (USD Billion)
1.2.2. Veterinary Care Market, by Animal Type, 2019-2027 (USD Billion)
1.2.3. Veterinary Care Market, by Type of Care, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Veterinary Care Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Veterinary Care Market Dynamics
3.1. Veterinary Care Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Government initiatives for better veterinary care Rising consumption of animal protein
3.1.2. Market Restraint Strict rules and regulations Shortage of veterinarians
3.1.3. Market Opportunities Growing spending on pet welfare Strategic initiatives by market players
Chapter 4. Global Veterinary Care Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Veterinary Care Market, by Animal Type
5.1. Market Snapshot
5.2. Global Veterinary Care Market by Animal Type, Performance – Potential Analysis
5.3. Global Veterinary Care Market Estimates & Forecasts by Animal Type 2018-2027 (USD Billion)
5.4. Veterinary Care Market, Sub Segment Analysis
5.4.1. Companion Animal
5.4.2. Production Animal
Chapter 6. Global Veterinary Care Market, by Type of Care
a. Market Snapshot
6.1. Global Veterinary Care Market by Type of Care, Performance – Potential Analysis
6.2. Global Veterinary Care Market Estimates & Forecasts by Type of Care 2018-2027 (USD Billion)
6.3. Veterinary Care Market, Sub Segment Analysis
6.3.1. No medicalization
6.3.2. Basic Medicalization
6.3.3. Veterinary Care
Chapter 7. Global Veterinary Care Market, Regional Analysis
7.1. Veterinary Care Market, Regional Market Snapshot
7.2. North America Veterinary Care Market
7.2.1. U.S. Veterinary Care Market Animal Type breakdown estimates & forecasts, 2018-2027 Type of Care breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Veterinary Care Market
7.3. Europe Veterinary Care Market Snapshot
7.3.1. U.K. Veterinary Care Market
7.3.2. Germany Veterinary Care Market
7.3.3. France Veterinary Care Market
7.3.4. Spain Veterinary Care Market
7.3.5. Italy Veterinary Care Market
7.3.6. Rest of Europe Veterinary Care Market
7.4. Asia-Pacific Veterinary Care Market Snapshot
7.4.1. China Veterinary Care Market
7.4.2. India Veterinary Care Market
7.4.3. Japan Veterinary Care Market
7.4.4. Australia Veterinary Care Market
7.4.5. South Korea Veterinary Care Market
7.4.6. Rest of Asia Pacific Veterinary Care Market
7.5. Latin America Veterinary Care Market Snapshot
7.5.1. Brazil Veterinary Care Market
7.5.2. Mexico Veterinary Care Market
7.6. Rest of The World Veterinary Care Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Merck Animal Health Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Ceva Santé Animale
8.2.3. Zoetis
8.2.4. Boehringer Ingelheim GmbH
8.2.5. Elanco
8.2.6. IDEXX Laboratories, Inc.
8.2.7. Heska Corp.
8.2.8. Virbac
8.2.9. Vetoquinol S.A.
8.2.10. Indian Immunologicals Ltd.

Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now