We are monitoring the impact of COVID-19 on North America Veterinary Healthcare Market Get in touch with us for detailed analysis Know More
Share on

North America Veterinary Healthcare Market Research Report – Segmented By Animal Type, Product and Country (the United States, Canada and Rest of North America) – Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 955
Pages: 145

North America Veterinary Healthcare Market Size (2022 to 2027)

The size of the Veterinary Healthcare Market in North America is estimated to worth USD 13.31 billion by 2027 and USD 9.71 billion in 2022, growing at a CAGR of 6.5% during the forecast period.

The adoption of dogs as family members has resulted in increased spending on their medical care. Because of increased awareness, frequent veterinarian treatments are sometimes sought for the express intention of protecting epidemics. Veterinary treatments are used to diagnose a wide range of animals, both domestic and wild. North America is one of the world's largest locations for veterinary animal care, both for companion animals (dogs, cats, and horses) and for producing animals (such as cattle, pigs, sheep, poultry, and other livestock). New forms of animal diseases and their consequent transmission to people through animal companionship and animal food product consumption are boosting the industry’s expansion.

The market is being driven by technological advancements in the field of animal drugs and healthcare, as well as favorable government measures to encourage animal healthcare practices. The further market is possible by investing in research and development efforts to produce enhanced product offerings and acceptance of innovative technologies by major players to revolutionize the North American veterinary healthcare industry. Providing financial aid to animal shelters and financing for many veterinary research facilities dedicated to containing advanced zoonotic and food-borne diseases would help the industry grow significantly.

Over the forecast period, the high cost of diagnostic imaging equipment and veterinary medications and the high cost of veterinary services are expected to restrict the market's growth. Further impediments to market expansion include limits on the use of parasiticides in food-producing animals, increased storage costs for animal vaccinations, and a trend toward vegetarian diets.

During the COVID-19 outbreak, there was a modest short-term detrimental impact on veterinary healthcare, owing to fewer veterinary visits and a lack of veterinary medicines. In addition, new kinds of diseases in animals and their eventual transmission to people via animal food products and companionship might be a big major obstacle. Increased rivalry for land and a lack of arable land and water are further factors limiting market expansion.

This research report on the North 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: 

  • The United States
  • Canada
  • Rest of North America

Regionally, North America is currently dominating the global veterinary healthcare market owing to the increasing number of pet owners. North America is one of the world's most developed areas. It now controls most of the veterinary healthcare industry, and this trend is expected to continue during the forecast period. The growing number of partnerships, mergers, and acquisitions between firms is expected to contribute to the market's growth. As the number of pet owners grows, so does the need for routine veterinarian services, which drives the veterinary healthcare industry in the United States. Increased demand and consumption of meat and dairy products have come from a stable economy and growing population, particularly in North American countries. Furthermore, rising consumer awareness of animal diseases and food safety and the rising prevalence of diseases are all contributing to the market's growth. The healthcare systems in the United States (US) and Canada are well-developed and organized. In addition, these platforms promote research and development. As a result, these countries have a large number of global market players. The market is projected to grow further as strong, and rising demand is matched by the presence of global companies in the area.

The United States veterinary healthcare market is currently dominating this regional market and is forecasted to be growing at a CAGR of 5.6% between 2020 to 2025. Growing pet ownership and the growth of the pet insurance industry are strongly the U.S. market to witness new growth heights in the near future.

The Canadian veterinary healthcare market is projected to showcase a robust CAGR during the forecast period. Rising animal health expenditure, increasing awareness of animal health, and the growing incidence of animal diseases in this country are majorly propelling the market growth.

KEY MARKET PLAYERS:

A few of the prominent companies operating in the North America 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.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product                        

                                5.1.1 Pharmaceuticals   

                                                5.1.1.1 Vaccines

                                                5.1.1.2 Antibiotics

                                                5.1.1.3 Parasiticides

                                                5.1.1.4 Others

                                5.1.2 Feed Additives      

                                                5.1.2.1 Medical Feed Additives

                                                5.1.2.2 Nutritional Feed Additives

                                5.1.3  Y-o-Y Growth Analysis, By Product              

                                5.1.4  Market Attractiveness Analysis, By Product            

                                5.1.5  Market Share Analysis, By Product              

                5.2 Animal Type                               

                                5.2.1 Livestock Animals 

                                                5.2.1.1 Cattle

                                                5.2.1.2 Swine

                                                5.2.1.3 Sheep

                                                5.2.1.4 Poultry

                                                5.2.1.5 Aquatic

                                                5.2.1.6 Others

                                5.2.2 Companion Animals            

                                                5.2.2.1 Dogs

                                                5.2.2.2 Cats

                                5.2.3 Y-o-Y Growth Analysis, By Animal Type      

                                5.2.4 Market Attractiveness Analysis, By Animal Type    

                                5.2.5 Market Share Analysis, By Animal Type      

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Animal Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Animal Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Animal Type

                6.2 United States                            

                6.3 Canada                         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 MSD Animal Health                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Bayer AG                     

                8.3 Boehringer Ingelheim GmbH                              

                8.4 Ceva Santé Animale                

                8.5 Eli Lilly and Company                              

                8.6 Cargill, Inc                    

                8.7 Novasep                      

                8.8 Koninklijke DSM N.V                              

                8.9 Nutreco N.V.                             

                8.10 SeQuent Scientific Ltd.                        

                8.11 Virbac S.A.                                

                8.12 Vétoquinol S.A.                      

                8.13 Zoetis Inc.                 

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. North America Veterinary Healthcare Market, By Region, From 2022 - 2027 (USD Million)
  2. North America Veterinary Healthcare Market, By Animal Type, From 2022 - 2027 (USD Million)
  3. North America Farm Animal Healthcare Market, By Region, From 2022 - 2027 (USD Million)
  4. North America Companion Animal Healthcare Market, By Region, From 2022 - 2027 (USD Million)
  5. North America Veterinary Healthcare Market, By Product, From 2022 - 2027 (USD Million)
  6. North America Vaccines Market, By Region, From 2022 - 2027 (USD Million)
  7. North America Feed Additives Market, By Region, From 2022 - 2027 (USD Million)
  8. North America Pharmaceuticals Market, By Region, From 2022 - 2027 (USD Million)
  9. North America Farm Animals Market, By Type, From 2022 - 2027 (USD Million)
  10. North America Bovine Healthcare Market, By Region, From 2022 - 2027 (USD Million)
  11. North America Porcine Healthcare Market, By Region, From 2022 - 2027 (USD Million)
  12. North America Ovine Healthcare Market, By Region, From 2022 - 2027 (USD Million)
  13. North America Piscine Healthcare Market, By Region, From 2022 - 2027 (USD Million)
  14. North America Poultry Healthcare Market, By Region, From 2022 - 2027 (USD Million)
  15. North America Companion Animal Healthcare Market, By Type, From 2022 - 2027 (USD Million)
  16. North America Canine Healthcare Market, By Region, From 2022 - 2027 (USD Million)
  17. North America Feline Healthcare Market, By Region, From 2022 - 2027 (USD Million)
  18. North America Feed Additives Market, By Type, From 2022 - 2027 (USD Million)
  19. North America Nutritional Feed Additives Market, By Region, From 2022 - 2027 (USD Million)
  20. North America Medicinal Feed Additives Market, By Region, From 2022 - 2027 (USD Million)
  21. Canada Companion Animal Healthcare Market, By Type, From 2022 - 2027 (USD Million)
  22. Canada Farm Animals Market, By Type, From 2022 - 2027 (USD Million)
  23. Canada Feed Additives Market, By Type, From 2022 - 2027 (USD Million)
  24. Canada Veterinary Healthcare Market, By Animal Type, From 2022 - 2027 (USD Million)
  25. Canada Veterinary Healthcare Market, By Product, From 2022 - 2027 (USD Million)
  26. United States Companion Animal Healthcare Market, By Type, From 2022 - 2027 (USD Million)
  27. United States Farm Animals Market, By Type, From 2022 - 2027 (USD Million)
  28. United States Feed Additives Market, By Type, From 2022 - 2027 (USD Million)
  29. United States Veterinary Healthcare Market, By Animal Type, From 2022 - 2027 (USD Million)
  30. United States Veterinary Healthcare Market, By Product, From 2022 - 2027 (USD Million)

Please wait. . . . Your request is being processed

Related Reports

PURCHASE OPTIONS

excel
$

3335


pdf excel
$

3680


pdf excel powerbi
$

5520


excel
$

2000

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • 6 Months of Free Analyst Support.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • 1 Year of Free Analyst Support.
  • PDF, Excel and Power BI Dashboard.
  • Can be accessible by unlimited users.
  • 1 Year of Free Analyst Support.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
customer-support
ASK FOR CUSTOMIZATION

Talk to our analyst and get customised report done according to your research needs

tag
INQUIRE FOR DISCOUNT

Check if you can avail any discount. Submit your details and our team will get back to you.

cloud-download
DOWNLOAD FREE SAMPLE

Request to avail a free sample report that reflects this market and its growth.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 3335

Didn’t find what you’re looking for?
TALK TO OUR TEAM

Find it too expensive?
NO WORRIES!

Click for Request Sample