What is Veterinary Care Market?
Veterinary care is an integral part of an animal care and use program. The veterinarian's primary focus is on monitoring the welfare and clinical care of animals used in research, testing, teaching, and production. This responsibility extends to monitoring and promoting the welfare of the animals at all times during the animal's use and in all phases of the animal's life. Well-being is determined by taking into account physical, physiological, and behavioral indicators, which vary depending on the species. The number, types, and uses of animals housed in a facility can affect the complexity of the veterinary program. However, a veterinary program must be provided that provides high-quality care and ethical standards regardless of the number of animals or species kept. The veterinary care program is the responsibility of the attending veterinarian (AV) who has been certified or has been training or has experience in the laboratory of animal science and medicine or is otherwise qualified for the purpose of taking care of the species used. Some aspects of the veterinary program may be performed by someone other than a veterinarian. However, a mechanism for direct and frequent communication should be put in place so as to ensure that timely and accurate information is provided to the veterinarian that is responsible for the issues related to animal health, behavior, and well-being that is appropriate for the treatment or euthanasia that are hereby administered.
The market study is being classified by Type (Therapeutics [Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, Others] and Diagnostics [Immunodiagnostic Tests, Molecular Diagnostics, Diagnostic Imaging, Clinical Chemistry, Others]) and major geographies with country level break-up.
Zoetis (United States), Merck & Co. (United States), Boehringer Ingelheim (Germany)., Elanco (United States), Bayer Healthcare (Germany), Cargill Inc. (United States), Ceva (France), Phibro Animal Health Corporation (United States), Virbac SA (France), IDEXX Laboratories, Inc. (United States), Neogen Corporation (United States) and Heska Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Paws Vet Care Center (United States), Canberra Veterinary Hospital (Australia) and Noah's Animal Hospitals (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Veterinary Care market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Veterinary Care market by Type, Application and Region.
On the basis of geography, the market of Veterinary Care has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- An Increase in Demand for Animal Health Products
- Rising Pet Ownership
- Increasing Incidence of Zoonotic Diseases
- Rising Awareness towards Animal Health
- Increasing Penetration of Pet Insurance, Pet Humanization
- Rising Trend in Animal Healthcare Expenditure
- Restrictions Imposed By Regulatory Bodies against the Excessive Use of Antibiotics in Animal's Production and Protest of Activists against the Animal Research
- High Costs of Veterinary Services and Animal Testing
- Technological Advancements in Animal Healthcare Diagnostics
- Government Authorities Collaborate With Veterinarians and Develop Schemes That Assure the Availability of Optimum Inventory at Fields for Treating the Farm Animals
- Lack of Infrastructure and Funding and Use Of Counterfeit Medicines
Market Leaders and some development strategies
In February 2020, Zoetis had acquired Ethos Diagnostic Science. This acquisition would not only expand the company’s product portfolio but would also help the company to grow exponentially in the veterinary space.
In January 2019, Boehringer Ingelheim, which is a global animal health company, had launched a swine vaccine Ingelvac® PRRS MLV that was hereby produced by its veterinary vaccine manufacturing plant situated in the China Medical City.
Key Target AudienceProviders of Veterinary Care, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase