Veterinary Medicine Sector: Growth Drivers and Challenges
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 |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
8.4% |
|
Base Year Market Size (2024) |
USD 50.82 billion |
|
Forecast Year Market Size (2037) |
USD 145.02 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of veterinary medicine is assessed at USD 54.45 billion.
Veterinary Medicine Market size was valued at USD 50.82 billion in 2024 and is expected to reach USD 145.02 billion by 2037, expanding at around 8.4% CAGR during the forecast period i.e., between 2025-2037.
North America industry is set to hold largest revenue share by 2037, 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.
