logo

China Veterinary Healthcare Market Size (2024 - 2029)

The China Veterinary Healthcare market is projected to experience significant growth over the forecast period, driven by various factors including increased pet adoption, advancements in animal healthcare technology, and government and animal welfare organization initiatives. Despite the negative impact of COVID-19, which disrupted agricultural production and affected animal nutrition and immunity, the market is expected to expand. Efforts to educate the public on stray animal adoption and the need for veterinary care are also contributing to market growth. However, challenges such as counterfeit pharmaceuticals and a shortage of skilled veterinarians pose obstacles to the market's expansion.

Home Market Analysis Healthcare Research Animal Health Research China Animal Medical Devices Industry Market Size

Market Size of China Veterinary Healthcare Industry

China Animal Healthcare Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 2.76 Billion
Market Size (2029) USD 4.43 Billion
CAGR (2024 - 2029) 7.29 %

Major Players

China Animal Healthcare Market Major Players

*Disclaimer: Major Players sorted in no particular order

China Animal Healthcare Market Analysis

The China Veterinary Healthcare Market size is estimated at USD 2.76 billion in 2024, and is expected to reach USD 4.43 billion by 2029, growing at a CAGR of 7.29% during the forecast period (2024-2029).

The COVID-19 has also impacted the market negatively during the pandemic. For instance, according to the study published on 'Effect of COVID-19 on animal breeding development in China and its countermeasures' in 'Animal Frontiers' in February 2021, during the COVID-19 outbreak, China's agricultural production has been severely affected and a significant amount of money was required for secure isolation and employee health management, causing some businesses to break the capital chain. This has led to a lack of proper nutrition in animals, which further leads to the probability of an increase of diseases in the animals due to lack of immunity, thereby driving the market growth.

Rising public organization initiatives in China on educating people about the adoption of stray animals are expected to drive the growth of the China Veterinary Healthcare market. For instance, in June 2021, Animal rights organizations in China have opened a new welfare center to educate the public about animals and encourage the adoption of stray animals, despite the fact that there are no laws in place to protect them. This will further expected to drive the growth in order to take care of stray animals, thereby expected to boost this market. Furthermore, the rise in pet adoption, advanced technology in animal healthcare, followed by rise in number of Government initiatives and initiatives from the animal welfare organizations are expected to drive the growth of this market in the forcast period.

However, the growing trend of counterfeit prescription pharmaceuticals and the lack of skilled veterinarians are a few factors that are hampering the growth of the Chinese veterinary healthcare market.

China Animal Healthcare Industry Segmentation

Veterinary healthcare can be defined as the science associated with the diagnosis, treatment, and prevention of diseases in animals. The increasing importance of the production of livestock animals is generating growth in the veterinary healthcare market. The China veterinary healthcare market is segmented by Product (Therapeutics (Vaccines, Parasiticides, Anti-infectives, Medical Feed Additives, and Other Therapeutics) and Diagnostics (Immunodiagnostic Tests, Molecular Diagnostics, Diagnostic Imaging, Clinical Chemistry, and Other Diagnostics)), By Animal Type (Dogs and Cats, Horses, Ruminants, Swine, Poultry, Other Animals). The report offers the value (in USD million) for the above segments.

By Product
By Therapeutics
Vaccines
Parasiticides
Anti-infectives
Medical Feed Additives
Other Therapeutics
By Diagnostics
Immunodiagnostic Tests
Molecular Diagnostics
Diagnostic Imaging
Clinical Chemistry
Other Diagnostics
By Animal Type
Dogs and Cats
Horses
Ruminants
Swine
Poultry
Other Animals
Need A Different Region Or Segment?
Customize Now

China Veterinary Healthcare Market Size Summary

The China veterinary healthcare market is poised for significant growth, driven by increasing pet adoption and advancements in animal healthcare technology. The market is experiencing a surge in demand for veterinary services, particularly for dogs and cats, as companion animals gain popularity. This trend is further supported by the rise in pet detective services and telehealth initiatives, such as JD Health's expansion of telemedicine services for pets. Public organization efforts to educate and encourage the adoption of stray animals also contribute to market expansion. Despite challenges like counterfeit pharmaceuticals and a shortage of skilled veterinarians, the market is expected to grow steadily over the forecast period.

The competitive landscape of the China veterinary healthcare market is marked by the presence of multinational pharmaceutical companies recognizing the potential in this sector. Key players such as Zoetis Inc, Vetoquinol SA, Ceva Sante Animale, Boehringer Ingelheim, and Elanco are actively involved in the market. Recent developments include Boehringer Ingelheim's launch of equine drugs and strategic acquisitions to enhance their presence in the Chinese market. The market's growth is further bolstered by government initiatives aimed at improving food safety and addressing new diseases in livestock, particularly pigs, which underscores the broader development of the animal health industry in China.

Explore More

China Veterinary Healthcare Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in Pet Adoption

      2. 1.2.2 Advanced Technology in Animal Healthcare

      3. 1.2.3 Rise in the number of Initiatives by Governments and Animal Welfare Associations

    3. 1.3 Market Restraints

      1. 1.3.1 Use of Counterfeit Medicines

      2. 1.3.2 Increasing Costs of Animal Testing and Veterinary Care

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product

      1. 2.1.1 By Therapeutics

        1. 2.1.1.1 Vaccines

        2. 2.1.1.2 Parasiticides

        3. 2.1.1.3 Anti-infectives

        4. 2.1.1.4 Medical Feed Additives

        5. 2.1.1.5 Other Therapeutics

      2. 2.1.2 By Diagnostics

        1. 2.1.2.1 Immunodiagnostic Tests

        2. 2.1.2.2 Molecular Diagnostics

        3. 2.1.2.3 Diagnostic Imaging

        4. 2.1.2.4 Clinical Chemistry

        5. 2.1.2.5 Other Diagnostics

    2. 2.2 By Animal Type

      1. 2.2.1 Dogs and Cats

      2. 2.2.2 Horses

      3. 2.2.3 Ruminants

      4. 2.2.4 Swine

      5. 2.2.5 Poultry

      6. 2.2.6 Other Animals

China Veterinary Healthcare Market Size FAQs

The China Veterinary Healthcare Market size is expected to reach USD 2.76 billion in 2024 and grow at a CAGR of 7.29% to reach USD 4.43 billion by 2029.

In 2024, the China Veterinary Healthcare Market size is expected to reach USD 2.76 billion.

China Animal Healthcare Market Report Snapshots

China Animal Healthcare Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)