United States Veterinary Healthcare Market was valued at USD 12.65 Billion in 2022 and is projected to reach USD 19.75 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The US Veterinary Healthcare Market is experiencing rapid growth, fueled by increasing demand from pet owners, livestock producers, and veterinary professionals. With a rising awareness of pet health and wellbeing, there is a growing need for advanced veterinary healthcare solutions across the country. This market includes a range of services and products, from preventive care, diagnostic tools, pharmaceuticals, to specialized treatments for animals.
The demand for veterinary healthcare services is significantly shaped by industries such as agriculture, companion animal care, and research. As the companion animal market continues to grow, pet owners are becoming more willing to invest in high-quality healthcare services for their pets. The growing trend of pet humanization, where pets are considered family members, has pushed the demand for more advanced and comprehensive veterinary care.
Livestock healthcare is also a key driver in the US veterinary healthcare market. With a large portion of the US economy dependent on livestock farming, maintaining the health of these animals is crucial for the agricultural industry. The demand for veterinary services in livestock farming includes disease prevention, diagnostic tools, vaccinations, and treatment for a variety of health conditions. The emergence of diseases such as avian influenza and African swine fever further escalates the need for advanced veterinary healthcare in the agricultural sector.
The biotechnology and pharmaceutical sectors also have a notable impact on the market. With continuous innovations in veterinary medicine, the industry is seeing the development of new vaccines, antimicrobial drugs, and diagnostic devices. These innovations are helping veterinary professionals offer more accurate and effective treatments for animals, driving growth in the market. Veterinary healthcare providers are increasingly relying on cutting-edge technologies like artificial intelligence and telemedicine to improve diagnostic accuracy and provide remote consultations for pet owners.
As a result of these growing needs, industries are increasingly looking for more effective veterinary healthcare solutions. From improved diagnostic tools to the latest treatments in pharmaceuticals, there is a high demand for new and improved solutions. The US veterinary healthcare market is expected to expand further, driven by a strong focus on animal health, innovation in veterinary practices, and the ongoing need for advanced medical technologies.
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Boehringer Ingelheim
Zoetis
Elanco Animal Health
Bayer Animal Health
Merck Animal Health
Virbac
Dechra Veterinary Products
Ceva
Vetoquinol
Meiji
Ouro Fino Saude
Animalcare Group
Parnell
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Veterinary Healthcare Market
Vaccines
Parasiticides
Antibiotics
Anti-inflammatory Drugs
Diagnostic Products
Other Pharmaceuticals
Companion Animals
Livestock Animals
Equine Animals
Veterinary Hospitals
Veterinary Clinics
Home Care Settings
Research Institutes
Retail Pharmacies
Online Pharmacies
Veterinary Clinics
Veterinary Hospitals
Distributors
Oral
Topical
Injectable
Others
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Veterinary Healthcare Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Veterinary Healthcare Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Veterinary Healthcare Market, By Type
6. US Veterinary Healthcare Market, By Application
7. US Veterinary Healthcare Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Veterinary Healthcare Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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