The veterinary care market is predicted to grow considerably during the forecast period. Factors such as rising pet ownership trends, increasing government initiative as well as the growing availability of superior quality veterinary products and services, should foster market growth.
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Veterinary care is an essential component of any animal care and use programme. The veterinarian’s primary responsibility is to monitor animals’ health and clinical care in research, testing, teaching, and production.
This study involved the extensive use of both primary and secondary sources. The research process included a study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
Key Market Players
The prominent players in the veterinary care market include Zoetis (US), Merck (US), Boehringer Ingelheim (Germany), Elanco (US), Ceva (France), Phibro Animal Health Corporation (US), Virbac SA (France), IDEXX Laboratories, Inc., Neogen Corporation (US), Heska Corporation (US) and others. These players have undertaken several initiatives to capture significant market share.
Eastern European countries have positive veterinary care trends throughout the forecast years
European countries experience positive trends regarding veterinary care since the animal owners follow all the animal welfare laws and regulations sincerely. The regional growth can also be associated with the increasing number of veterinarians and clinics in European countries.
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The research report categorizes the market into the following segments and sub-segments:
By Animal Type
- Dogs
- Cats
- Cattle
- Pigs
- Horses
- Poultry
By Medicalization Type
- No medicalization
- Basic Medicalization
- Veterinary Care
By Region
- Europe
- Denmark
- Finland
- Greece
- Norway
- Portugal
- Belgium
- Czech Republic
- Sweden
- Asia Pacific
- Singapore
- New Zealand
- Vietnam
- Philippines
- Malaysia
- Indonesia
- Latin America
- Brazil
- Argentina
- Colombia
- Mexico
- Chile
- Africa
- South Africa
Recent Developments
- Zoetis acquired Ethos Diagnostic Science. This acquisition will not only expand company’s product portfolio but will also help the company to grow exponentially in the veterinary space.
- Zoetis acquired ZNLabs a reference laboratory company that is operational across the U.S. This has helped the company to enhance its offerings and improve its business performance
- Merck completed the acquisition of a Quantified Ag leading data analytics company that monitors cattle temperature and helps in the early detection of any disease. This acquisition will diversify Merck’s veterinary product offerings and will positively impact the company’s profitability.
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