Europe Veterinary Healthcare Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Product, by Animal type and Geography

Market Snapshot

Picture1 Europe Veterinary Healthcare Market
Study Period:

2016-2024

Base Year:

2018

CAGR:

5 %

Key Players:

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Market Overview

The increasing initiatives by various governments, in different regions of Europe, improved animal healthcare, propensity to develop diseases or disorders by the animals, owing to harsh climate conditions, and growing demand for various animal healthcare products and services because of increasing pet ownership are the major factors propelling the growth of Europe veterinary healthcare market. According to the People's Dispensary for Sick Animals, in 2018, 49% of the UK adults own a pet, with 25% of the UK adults have a pet cat (with an estimated population of 11.1 million pet cats) and 24% of the UK adults have a pet dog (with an estimated population of 8.9 million pet dogs). However, increasing costs of animal testing and veterinary services, shortage of farm workers and veterinarians, use of counterfeit medicines is restraining the growth of Europe veterinary healthcare market.

Scope of the Report

As per the scope of this report, the veterinary healthcare market comprising therapeutic products and solutions for companion and farm animals. Companion animals can be tamed or adopted for companionship or as house/office guards, and farm animals are raised for meat and milk-related products. Companion animals include canine, feline, and equine. Farm animals are bovine, poultry, and porcine.

 
 
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
Geography
Europe
Germany
UK
France
Italy
Spain
Rest of Europe

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Key Market Trends

Anti-infectives are Expected to Lead the Market

Anti-infectives are used for the prevention and treatment of infections in animals. There is a wide range of anti-infectives developed and manufactured by different top animal healthcare companies. Mainly, bacterial infection (pyoderma) in companion animals is caused by two organisms - Staphylococcus pseudintermedius and Staphylococcus schleiferi. Some of the top companies of veterinary anti-infectives in Europe are Zoetis, Ceva Animal Healthcare, and Boehringer Ingelheim, among others. The Responsible Use of Medicines in Agriculture (RUMA) in Europe provides guidelines on the responsible use of antimicrobials on cattle, sheep, and pigs in the country, ensuring that dairy farmers meet the antibiotic residue standard. However, antimicrobial resistance is a major concern threatening the effective prevention and treatment of infections caused by bacteria, parasites, viruses, and fungi. Initiatives of the British Government, such as the five-year anti-microbial resistance strategy 2013-2018, which promotes the implementation of animal health laws and development of anti-microbial agents, are expected to aid the growth of the market.

Picture2Europe Veterinary Healthcare Market

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Competitive Landscape

The market players in the Europe Veterinary Healthcare market are involving in various growth strategies such as collaborations, partnerships, agreements, mergers, and acquisitions in order to enhance the market presence. Some of the key developments in the Europe Veterinary Healthcare market are: In June 2018, Regeneron entered into a collaboration agreement with Zoetis, to research antibody therapies for use in animal health. In 2018, Boehringer Ingelheim announced its plans to invest EUR 65 million in France, for the production of avian vaccines, as its demand increased with an increase in poultry consumption.

Major Players

  1. Zoetis Animal Healthcare
  2. Boehringer Ingelheim International GmbH
  3. Ceva Animal Health Inc.
  4. Elanco
  5. Vetoquinol UK Limited

* Complete list of players covered available in the table of contents below

Picture3 Europe Veterinary Healthcare Market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

      1. 4.1.1 Advanced Technology Leading to Innovations in Animal Healthcare

      2. 4.1.2 Increasing Pet Ownership

      3. 4.1.3 Increasing Initiatives by Government and Animal

    2. 4.2 Market Restraints

      1. 4.2.1 Lack of Veterinarians and Shortage of Skilled Farm Workers

      2. 4.2.2 Decline in Number of Farm Animals in Europe

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 By Therapeutics

        1. 5.1.1.1 Vaccines

        2. 5.1.1.2 Parasiticides

        3. 5.1.1.3 Anti-infectives

        4. 5.1.1.4 Medical Feed Additives

        5. 5.1.1.5 Other Therapeutics

      2. 5.1.2 By Diagnostics

        1. 5.1.2.1 Immunodiagnostic Tests

        2. 5.1.2.2 Molecular Diagnostics

        3. 5.1.2.3 Diagnostic Imaging

        4. 5.1.2.4 Clinical Chemistry

        5. 5.1.2.5 Other Diagnostics

    2. 5.2 By Animal Type

      1. 5.2.1 Dogs and Cats

      2. 5.2.2 Horses

      3. 5.2.3 Ruminants

      4. 5.2.4 Swine

      5. 5.2.5 Poultry

      6. 5.2.6 Other Animals

    3. 5.3 Geography

      1. 5.3.1 Europe

        1. 5.3.1.1 Germany

        2. 5.3.1.2 UK

        3. 5.3.1.3 France

        4. 5.3.1.4 Italy

        5. 5.3.1.5 Spain

        6. 5.3.1.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Zoetis Animal Healthcare

      2. 6.1.2 Abaxis Inc.

      3. 6.1.3 Elanco

      4. 6.1.4 Bayer AG

      5. 6.1.5 Ceva Animal Health Inc.

      6. 6.1.6 Virbac

      7. 6.1.7 Boehringer Ingelheim International GmbH

      8. 6.1.8 Idexx Laboratories

      9. 6.1.9 ECO Animal Health

      10. 6.1.10 MSD Animal Health

      11. 6.1.11 Vetoquinol UK Limited

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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