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Veterinary Medicine Market Trends

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Report ID: 186
Published Date: Sep 04, 2024
Report Format: PDF, PPT

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Veterinary Medicine Market Trends

Growth Drivers

Rising Cattle Ownerships Around the World
Increasing Government Initiatives

Challenges

Lack of Awareness Amongst the People

Veterinary Medicine Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	8.4%
Base Year Market Size (2023)	USD 46.88 billion
Forecast Year Market Size (2036)	USD 133.77 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Veterinary Medicine Market Size & Share, Growth Forecast 2036

Author Credits: Radhika Pawar

Report ID: 186
Published Date: Sep 04, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of veterinary medicine is evaluated at USD 50.03 billion.

Veterinary Medicine Market size was valued at USD 46.88 billion in 2023 and is set to cross USD 133.77 billion by 2036, expanding at more than 8.4% CAGR during the forecast period i.e., between 2024-2036. The rising cattle ownership will boost the market growth.

North America is expected to hold largest revenue share by 2036, on the back of escalating adoption of the animals in the region.

The major players in the market are Vetoquinol SA, Bayer AG, Bimeda Holdings PLC, Nutreco N.V., and Hester Biosciences Limited.

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