Market Scope

Market Scope

The global veterinary medicine market size was estimated at USD 29.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2021 to 2028. The increasing cases of zoonotic and chronic diseases are the key factors driving the market for veterinary medicine. The global livestock population has also been experiencing rapid growth over the past few decades. According to the USDA, there were around 103.0 million cattle and 32.1 million beef cow in the U.S. as of July 2020 and are expected to grow substantially in coming years. Moreover, rising R&D and procedural advancements, pet adoption rate, and increasing consumption of meats and mandatory vaccination are anticipated to boost demand for veterinary pharmaceuticals and vaccines for animals in the near future.

Furthermore, growing consumption of meat is fueling the demand for mandatory vaccination for animals, which results in the growth of the market for veterinary medicine. According to The World Counts, Denmark, the global meat production has increased 2-fold from 1988 to 2018. It also stated that meat consumption is estimated to range between 460-570 million tons by 2050. According to USDA (United States Department of Agriculture) NASS (National Agricultural Statistics Service), the total production from eggs, broilers, and turkey, and the value of sales from chicken was USD 46.3 billion in 2018, an increase of about 8% from USD 42.7 billion in 2017.

Animal  and Veterinary Science International Associations

American Pet Association

World Veterinary Association

American Veterinary Medical Association

Indian Veterinary Association

British Veterinary Association: BVA

WSAVA: World Small Animal Veterinary Association

Canadian Veterinary Medical Association

Australian Veterinary Association | AVA

American Society for the Prevention of Cruelty to Animals

Society for the Prevention of Cruelty to Animals (Hong Kong)

Society for Protection of Animal Rights in Egypt

Animal Welfare Board of India

Chinese Animal Protection Network

Animals Asia Foundation

Animals Now, Israel

Todd's Welfare Society, Pakistan

Eurogroup for Animals

Animals Australia

Canadian Science Centre for Human and Animal Health

Farm Animal Welfare Council

Voiceless, the animal protection institute

National Animal Welfare Trust

Animal Welfare Institute

Singapore Society for the Prevention of Cruelty to Animals

Association of Zoos and Aquariums

Care for the Wild International

Compassion in World Farming

Friends of Animals

Global Alliance for Rabies Control

International Animal Rescue

Give Our Strays A Chance

Lost Dogs' Home

Top Veterinary Hospitals in the world

Animal Medical Center (AMC)

Bergh Memorial Animal Hospital

Ark Veterinary Surgery

Armadale Veterinary Hospital

Chongfuxin Animal Hospital

Lianzhonghe Animal Hospital

Abel Pet Hospital

Animal Hospital of China Agricultural University

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