Veterinary Medicine in Asia-Pacific
Summary
Veterinary Medicine in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Veterinary medicine is concerned with preventing, controlling, diagnosing, and treating diseases affecting the health of both food-producing and companion animals and preventing the transmission of animal diseases to humans. Market value represents revenue generated by market players in a specific year.
- The Asia-Pacific veterinary medicine market recorded revenues of $5,098.9 million in 2023, representing a compound annual growth rate (CAGR) of 3.5% between 2018 and 2023.
- The pharmaceutical segment accounted for the market's largest proportion in 2023, with total revenues of $3,197.3 million, equivalent to 62.7% of the market's overall value.
- The Asia-Pacific market experienced growth driven by the rising trend of pet ownership, which notably boosts demand for veterinary services and pet health products. For example, according to the Asian Animal Health Association (AAHA), pet ownership in Asia is significant, with 60% of households owning at least one pet.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the veterinary medicine market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the veterinary medicine market in Asia-Pacific
- Leading company profiles reveal details of key veterinary medicine market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific veterinary medicine market with five year forecasts
- What was the size of the Asia-Pacific veterinary medicine market by value in 2023?
- What will be the size of the Asia-Pacific veterinary medicine market in 2028?
- What factors are affecting the strength of competition in the Asia-Pacific veterinary medicine market?
- How has the market performed over the last five years?
- What are the main segments that make up Asia-Pacific's veterinary medicine market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What have been the most recent market developments?
- 8 Company Profiles
- 8.1. Zoetis Inc
- 8.2. Merck & Co., Inc.
- 8.3. China National Pharmaceutical Group Corp
- 8.4. Boehringer Ingelheim GmbH
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- 10.4. About GlobalData
- List of Tables
- Table 1: Asia-Pacific veterinary medicine market value: $ million, 2018-23
- Table 2: Asia-Pacific veterinary medicine market category segmentation: % share, by value, 2018-23
- Table 3: Asia-Pacific veterinary medicine market category segmentation: $ million, 2018-23
- Table 4: Asia-Pacific veterinary medicine market geography segmentation: $ million, 2023
- Table 5: Asia-Pacific veterinary medicine market value forecast: $ million, 2023-28
- Table 6: Zoetis Inc: Key Facts
- Table 7: Zoetis Inc: Annual Financial Ratios
- Table 8: Zoetis Inc: Key Employees
- Table 9: Zoetis Inc: Key Employees Continued
- Table 10: Merck & Co., Inc.: Key Facts
- Table 11: Merck & Co., Inc.: Annual Financial Ratios
- Table 12: Merck & Co., Inc.: Key Employees
- Table 13: Merck & Co., Inc.: Key Employees Continued
- Table 14: China National Pharmaceutical Group Corp: Key Facts
- Table 15: China National Pharmaceutical Group Corp: Key Employees
- Table 16: Boehringer Ingelheim GmbH: Key Facts
- Table 17: Boehringer Ingelheim GmbH: Key Employees
- Table 18: Asia-Pacific Exchange Rate, 2018-23
- List of Figures
- Figure 1: Asia-Pacific veterinary medicine market value: $ million, 2018-23
- Figure 2: Asia-Pacific veterinary medicine market category segmentation: $ million, 2018-23
- Figure 3: Asia-Pacific veterinary medicine market geography segmentation: % share, by value, 2023
- Figure 4: Asia-Pacific veterinary medicine market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the veterinary medicine market in Asia-Pacific, 2023
- Figure 6: Drivers of buyer power in the veterinary medicine market in Asia-Pacific, 2023
- Figure 7: Drivers of supplier power in the veterinary medicine market in Asia-Pacific, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the veterinary medicine market in Asia-Pacific, 2023
- Figure 9: Factors influencing the threat of substitutes in the veterinary medicine market in Asia-Pacific, 2023
- Figure 10: Drivers of degree of rivalry in the veterinary medicine market in Asia-Pacific, 2023
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