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Latin America Veterinary Healthcare Market Research Report – Segmented By Animal Type, Product, Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) - Size, Share, Growth, Trends, Forecast (2022 to 2027)

Published: January, 2022
ID: 956
Pages: 130
Formats: report pdf report excel report power bi report ppt

Latin America Veterinary Healthcare Market Size (2022 to 2027)

The size of the Veterinary Healthcare Market in Latin America was worth USD 3.74 billion in 2022. It is further expected to grow and worth USD 5.52 billion by 2027, growing at a CAGR of 8.1% from 2022 to 2027.

Veterinary medicine can be defined as the science associated with diagnosing, treating, and preventing diseases in animals. The scope of Veterinary medicine is broad, covering various animal species, both domestic and wild. The increasing importance of the production of livestock animals is generating growth in the animal healthcare market. An ever-increasing population and a stable economy are expected to increase the demand for protein-rich foods, especially in developing countries.

There is an upsurge in the number of animal ownership as a result of increased love for pets. Rising awareness among individuals regarding animal health and few requirements for animals' drug approval are the primary driving factors for the Veterinary healthcare market. The rising number of foodborne diseases is also aiding the growth of the animal healthcare market.

However, the market has to overcome a few restraints to prosper in the future, including rising regulations on antibiotics and high costs related to animal testing.

This research report on the Latin American Veterinary Healthcare Market has been segmented and sub-segmented into the following categories:

By Animal Type:

  • Livestock Animals
  • Companion Animals

By Product: 

  • Pharmaceuticals
  • Feed Additives

By Country: 

  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of Latin America

Regionally, the Latin American veterinary healthcare market was growing at a steady rate since 2015 and predicted that the market's future would be stable. In Latin America, the Mexican veterinary healthcare market grew at an aggressive pace and is expected to register a CAGR of 7.94% between 2020 to 2025.

The demand for veterinary products and services is significantly growing in Argentina, driving the growth for the Argentina Veterinary Healthcare market. Various government initiatives regarding the health of the pets and adoption of pets are some other positive signs for the market to grow further.

Some of the notable companies leading the Latin American Veterinary Healthcare Market profiled in this report are Merck & Co., Inc., Bayer AG, Boehringer Ingelheim GmbH, Cargill, Inc., Ceva Santé Animale, Novasep, Eli Lilly and Company, Koninklijke DSM N.V, Novartis AG, Nutreco N.V., Sanofi S.A., SeQuent Scientific Ltd., Virbac S.A., Vétoquinol S.A., and Zoetis Inc.

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