동물용 의약품 시장 규모는 2023년에 467억 4,000만 달러로 평가되며, 2024-2031년에 CAGR 7.77%로 성장하며, 2031년에는 850억 5,000만 달러에 달할 것으로 예측됩니다. 수의학은 동물의 건강과 복지를 연구하는 의학의 한 분야입니다. 반려동물, 가축, 야생동물, 동물원 동물 등 다양한 동물의 질병과 부상을 진단, 치료, 예방, 관리합니다. 수의학은 해부학, 생리학, 병리학, 약리학, 외과학 등 다양한 학문 분야의 사고방식과 절차를 적용하여 동물의 고유한 건강 문제를 해결합니다. 수의사는 동물 복지를 증진하고, 인수공통전염병(동물과 사람 사이에 퍼질 수 있는 질병)을 통제하여 공중 보건을 보호하고, 가축 검사 및 규제를 통해 식품 안전을 보장하며, 과학 연구에 기여하는 중요한 역할을 담당하고 있습니다.
또한 수의학은 임상 치료뿐만 아니라 동물의 행동학, 영양학, 번식학, 역학 등 동물의 종합적인 건강 요구를 충족시키기 위해 동물 행동학, 영양학, 번식학, 역학 등 다양한 분야를 포함합니다.
반려동물 사육 증가와 인간화:
세계에서 반려동물 사육이 증가하는 추세와 반려동물을 가족의 일원으로 여기는 인간화 추세는 동물용 의약품에 대한 수요를 증가시키고 있습니다. 이러한 추세는 보다 빈번하고 종합적인 반려동물 건강관리 및 건강검진을 촉진하여 수의학 제품 및 서비스에 대한 수요를 증가시킬 것입니다.
동물 의학의 발전 :
동물 진단, 의약품 및 예방접종 분야의 기술 발전은 수의학 치료의 효과와 효율성을 향상시킵니다. 원격의료, 웨어러블 건강 모니터, 첨단 수술은 치료 결과를 개선하고 사용 가능한 서비스의 폭을 넓혀 동물 의료 시장의 발전에 기여하고 시장 성장을 가속하고 있습니다.
동물 건강과 복지에 대한 인식이 높아짐:
반려동물 보호자와 농가는 동물의 건강과 복지에 대한 중요성을 더욱 인식하고 있으며, 이에 따라 동물의 건강 및 복지를 위한 적극적이고 예방적인 건강관리 방법을 요구하고 있습니다. 이러한 인식 증가는 예방접종, 영양 보충제, 정기적인 건강검진에 대한 수요를 불러일으키며 동물용 의약품 시장을 더욱 성장시키고 있습니다.
가축 생산 및 가축 위생 관리 확대 :
전 세계에서 증가하는 동물성 단백질 수요를 충족시키기 위해서는 동물의 복지와 식품 안전을 보장하기 위해 적절한 헬스케어 방법을 시행해야 합니다. 가축의 효과적인 질병 예방 및 관리의 필요성은 예방접종, 항균제, 기생충 구제제 등 동물용 의약품에 대한 수요를 촉진하고 시장을 확대하는 데 기여하고 있습니다.
주요 과제
동물 의료비 상승 :
수의학 서비스 및 의약품 비용이 치솟고 있으며, 특히 소득이 낮은 지역에서는 반려동물 보호자 및 가축 생산자의 치료 접근성이 제한되고 있습니다. 따라서 고가의 치료비는 정기적인 수의사 진료와 예방 치료를 억제하여 동물의 건강과 복지를 저해하고 시장에 큰 장애물이 되고 있습니다.
항균제 내성(AMR) :
동물에서 항생제의 과다 사용과 오남용은 공중보건의 심각한 위험인 AMR 문제를 크게 증가시키고 있습니다. 이 문제는 더 엄격한 규제 요건을 요구할 뿐만 아니라 대체 약품의 개발이 필요하며, 동물용 의약품 시장의 감염성 질환 치료 방식에 영향을 미칩니다.
공급망 취약점 :
동물용 의약품 시장은 중요한 의약품과 백신의 수급에 영향을 미치는 공급망 혼란에 취약합니다. 원자재 제한, 물류 장애, 지정학적 긴장은 모두 공급 제한을 유발하여 동물 의약품 수요를 성공적으로 충족시킬 수 있는 능력을 제한하고 시장 확장을 저해합니다.
주요 동향 :
원격의료와 디지털 헬스 플랫폼 :
원격 진료와 디지털 건강 플랫폼은 원격 진료와 모니터링을 가능하게 하며, 수의학 분야에서 점점 더 널리 보급되고 있습니다. 이 기술은 특히 빈곤 지역에서 수의학 서비스에 대한 접근성을 개선하고, 용도과 웨어러블 기기를 사용하여 동물의 지속적인 헬스케어를 촉진합니다.
맞춤형 의료와 정밀의료:
유전자 검사와 최신 진단법을 사용하여 각 동물의 고유한 요구에 맞는 치료를 제공하는 맞춤 수의학에 대한 관심이 높아지고 있습니다. 이러한 전략은 치료 결과를 개선하고 부작용을 최소화하며 보다 정확한 질병 관리 전략을 가능하게 합니다.
지속가능하고 윤리적인 관행:
윤리적 고려와 지속가능성은 동물용 의약품 시장에 점점 더 많은 영향을 미치고 있습니다. 생태계 친화적이고 윤리적으로 조달된 제품을 생산하고 소비하는 방향으로 전환하고 있습니다. 이러한 발전은 동수처리 절차의 투명성과 책임에 대한 소비자의 폭넓은 욕구를 반영하고 있습니다.
수의학 서비스 확대 :
동물병원은 기존 치료뿐만 아니라 웰니스 프로그램, 영양상담, 행동치료, 침술과 같은 대체요법 등으로 서비스를 확장하고 있습니다. 종합적인 동물 건강관리 서비스로의 전환 배경에는 반려동물과 가축의 신체적, 정신적 건강의 중요성에 대한 인식이 높아지고 있습니다.
Veterinary Medicine Market size was valued at USD 46.74 Billion in 2023 and is projected to reach USD 85.05 Billion by 2031, growing at a CAGR of 7.77% from 2024 to 2031. Veterinary medicine is a branch of medical science that studies the health and well-being of animals. It entails the diagnosis, treatment, prevention, and management of diseases and injuries in a wide variety of animal species, such as pets, cattle, wildlife, and zoo animals. Veterinary medicine addresses animals' particular health challenges by applying ideas and procedures from several disciplines such as anatomy, physiology, pathology, pharmacology, and surgery. Veterinarians play an important role in promoting animal welfare, protecting public health by controlling zoonotic diseases (those that can spread between animals and humans), ensuring food safety through livestock inspection and regulation, and contributing to scientific research.
Additionally, veterinary medicine goes beyond clinical care to include animal behavior, nutrition, reproduction, and epidemiology, addressing the overall health needs of both individual animals and animal groups.
The key market dynamics that are shaping the veterinary medicine market include:
Rising Pet Ownership and Humanization:
The growing global trend of pet ownership, combined with the humanization of pets such that they are considered members of the family, boosts demand for veterinary medicine. This tendency encourages more frequent and comprehensive pet healthcare and wellness checkups, hence increasing demand for veterinarian products and services.
Advancements in Veterinary Healthcare:
Technological advances in animal diagnostics, medicines, and immunizations improve the effectiveness and efficiency of veterinary treatment. Telemedicine, wearable health monitors, and sophisticated surgical procedures help to develop the veterinary medical market by improving treatment outcomes and broadening the range of services available, fueling market growth.
Growing Awareness of Animal Health and Welfare:
Pet owners and farmers are becoming more conscious of the importance of animal health and welfare, which has led to proactive and preventive healthcare methods. This increased awareness is fueling demand for immunizations, nutritional supplements, and regular health screenings, boosting the veterinary medicine market even further.
Expansion of Livestock Production and Farm Animal Health Management:
To meet the expanding worldwide demand for animal protein, appropriate health management methods must be implemented to ensure animal welfare and food safety. The requirement for effective disease prevention and control in farm animals is fueling the demand for veterinary medicines such as vaccinations, antimicrobials, and parasiticides, resulting in market expansion.
Key Challenges:
Rising Costs of Veterinary Care:
The rising expense of veterinary services and medications restricts access to treatment for pet owners and livestock producers, particularly in regions with low incomes. Thus, high costs discourage regular veterinary visits and preventive treatments, compromising animal health and welfare, and posing a significant hurdle for the market.
Antimicrobial Resistance (AMR):
Overuse and misuse of antibiotics in animals contribute to the growing problem of AMR, which poses a substantial public health risk. This difficulty needs the development of alternate medicines as well as tight regulatory requirements, which will have an impact on the way the veterinary medicine market treats infectious diseases.
Supply Chain Vulnerabilities:
The veterinary medication market is vulnerable to supply chain disruptions, which impact the availability of critical medicines and vaccines. Raw material limitations, logistical obstacles, and geopolitical tensions all cause supply limits, limiting the ability to successfully meet the demand for veterinary care, and inhibiting market expansion.
Key Trends:
Telemedicine and Digital Health Platforms:
Telemedicine and digital health platforms are becoming increasingly popular in veterinary care, allowing for remote consultations and monitoring. This technology improves access to veterinary services, particularly in poor areas, and promotes continuing health management for animals using applications and wearable devices.
Personalized and Precision Medicine:
There is a rising emphasis on personalized veterinary medicine, which uses genetic testing and modern diagnostics to adapt therapies to the unique needs of each animal. This strategy enhances treatment outcomes, minimizes adverse effects, and allows for more accurate disease management tactics.
Sustainable and Ethical Practices:
Ethical considerations and sustainability are increasingly influencing the veterinary care market. There is a shift towards creating and consuming ecologically friendly and ethically sourced items. This development reflects a broader consumer desire for transparency and accountability in animal care procedures.
Expansion of Veterinary Services:
Veterinary practices are expanding their services beyond traditional treatment to include wellness programmes, nutritional advice, behavioural therapy, and alternative therapies such as acupuncture. This shift towards comprehensive animal healthcare services is being pushed by a growing realization of the importance of mental and physical well-being in pets and livestock.
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Here is a more detailed regional analysis of the veterinary medicine market:
North America:
According to Verified Market Research, North America is estimated to dominate the veterinary medicine market over the forecast period. North America, especially the United States, has one of the highest pet ownership rates in the world. This large pet population creates a high demand for veterinarian services and products like of wellness checkups, surgical treatments, and medications, bolstering the region's supremacy in the veterinary medicine market.
The region has a well-developed veterinary healthcare infrastructure, which includes cutting-edge veterinary hospitals, clinics, and research facilities. This enhanced infrastructure enables the delivery of cutting-edge therapies and breakthroughs in animal health care, hence contributing to the market's expansion and development.
Furthermore, North American consumers are highly aware of the importance of pet and animal health and are willing to invest accordingly. The cultural relevance of pets as family members results in large spending on preventative care, diagnostics, and treatments, boosting the region's veterinary medicine market growth.
Europe:
Europe is home to some of the world's best veterinary research facilities and pharmaceutical businesses, which have helped to develop veterinary care significantly. Continuous investment in R&D yields breakthrough medicines and diagnostic tools, moving the veterinary medicine market ahead.
The trend of pet humanization is especially prominent in Europe, where an increasing percentage of households' pets and treated like family members. This leads to increased spending on pet healthcare, such as preventive care, wellness products, and specialized treatments, driving market expansion.
Furthermore, the rising knowledge of zoonotic illnesses in Europe, particularly following occurrences such as the COVID-19 pandemic, is shifting the emphasis to animal health as a component of public health. This increased awareness regarding zoonotic disease immunizations, diagnostics, and treatments is propelling the veterinary medicine market.
Asia Pacific:
Asia Pacific is estimated to grow at the highest CAGR during the forecast period. The region's expanding population and rising wages have raised the demand for animal protein, resulting in a major expansion in the cattle business. This expansion needs improved animal health management methods, such as preventive care and immunizations, bolstering the veterinary medication market.
Government policies and consumer demand are driving an increase in awareness and concern for animal health and welfare throughout Asia Pacific. This increased attention encourages the adoption of better healthcare practices for both pets and cattle, contributing to market growth.
Furthermore, government and corporate sector investments in veterinary healthcare infrastructure, like as hospitals, clinics, and research centers, are increasing across the Asia-Pacific region. These expenditures provide access to veterinary services and encourage the adoption of innovative healthcare technology, hence moving the veterinary medicine market forward.
The Global Veterinary Medicine Market is Segmented on the basis of Product, Animal Type, Route of Administration, Distribution Channel, and Geography.
Based on the Product, the market is segmented into Drugs and Vaccines. The vaccines segment is estimated to dominate the veterinary medicine market. Vaccines serve an important role in preventative veterinary care because they provide protection against a wide range of infections, lowering disease outbreaks, and the need for antibiotic treatments, and eventually leading to healthier animal populations. The increased focus on animal welfare, combined with rigorous legislation for immunization of pets and animals, spurring up demand for vaccinations.
Based on the Animal Type segment, the market is segmented into Domesticated and Companion. The companion animal type segment is estimated to dominate the veterinary medicine market during the forecast period due to the growing tendency of pet humanization, in which pets are increasingly seen as full members of the family. As a result, pet owners are increasingly ready to invest in their pets' health and well-being, boosting demand for a diverse variety of veterinarian services and products such as preventive immunizations, diagnostics, medicines, and nutritional supplements. Furthermore, the rise in pet ownership rates, particularly in affluent countries, is stirring up the demand for companion animal veterinarian care.
Based on the Route of Administration, the market is segmented into Oral and Parental. The parental segment is estimated to exhibit the highest growth within the veterinary medicine market. The parenteral route, which includes intravenous, intramuscular, and subcutaneous injections, is critical for delivering drugs directly into the bloodstream, resulting in a faster and more regulated response than oral routes. This is especially important in treating severe or acute illnesses that require quick absorption. Parenteral treatments have a considerable market share due to their dependability and efficacy in critical care circumstances, even though they require professional administration and can cause animals more stress than oral alternatives.
Based on the Distribution Channel, the market is segmented into Veterinary Hospitals and Clinics, Retail Stores and Online Pharmacies. The veterinary hospitals & clinics segment is estimated to dominate the veterinary medicine market due to the comprehensive care and broad variety of services provided by these hospitals, which include diagnostic, treatment, surgery, and emergency care. Veterinary hospitals and clinics are the first point of contact for pet owners and livestock producers looking for expert, specialized treatment for their animals. They not only provide fast access to a wide range of veterinary pharmaceuticals, such as prescription drugs, vaccines, and treatments, but also the experience of veterinary professionals to ensure proper diagnosis and treatment regimens.
Based on Geography, the veterinary medicine market is classified into North America, Europe, Asia Pacific, and the Rest of the world. According to the VMR analyst, North America is estimated to dominate during the forecasted period. This region has a strong and advanced veterinary healthcare infrastructure, which includes world-class veterinary hospitals, clinics, and research institutions that help deliver cutting-edge care and encourage veterinary medicine advances. Furthermore, strong regulatory standards maintain high-quality care and product safety, which strengthens consumer trust and market stability.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.