Veterinary Medicine in Europe
Summary
Veterinary Medicine in Europe industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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 European veterinary medicine market recorded revenues of $7,892.3 million in 2023, representing a compound annual growth rate (CAGR) of 3.6% between 2018 and 2023.
- The pharmaceutical segment accounted for the market's largest proportion in 2023, with total revenues of $2,975.4 million, equivalent to 37.7% of the market's overall value.
- The European market experienced growth driven by the rising trend of pet ownership, which notably boosts demand for veterinary services and pet health products. For instance, according to the European Pet Food Industry Federation (FEDIAF), around 166.0 million households in Europe, own one or more of Europe’s 352.0 million pets.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the veterinary medicine market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the veterinary medicine market in Europe
- 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 Europe veterinary medicine market with five year forecasts by both value and volume
- What was the size of the Europe veterinary medicine market by value in 2023?
- What will be the size of the Europe veterinary medicine market in 2028?
- What factors are affecting the strength of competition in the Europe veterinary medicine market?
- How has the market performed over the last five years?
- Who are the top competitors in Europe'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. Virbac Group
- 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: Europe veterinary medicine market value: $ million, 2018-23
- Table 2: Europe veterinary medicine market category segmentation: % share, by value, 2018-23
- Table 3: Europe veterinary medicine market category segmentation: $ million, 2018-23
- Table 4: Europe veterinary medicine market geography segmentation: $ million, 2023
- Table 5: Europe 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: Virbac Group: Key Facts
- Table 15: Virbac Group: Annual Financial Ratios
- Table 16: Virbac Group: Key Employees
- Table 17: Boehringer Ingelheim GmbH: Key Facts
- Table 18: Boehringer Ingelheim GmbH: Key Employees
- Table 19: Europe Size of Population (million), 2019-23
- Table 20: Europe Real GDP (constant 2010 Prices, $ billion), 2019-23
- Table 21: Europe GDP (current prices, $ billion), 2019-23
- Table 22: Europe Inflation, 2019-23
- Table 23: Europe Consumer Price Index (absolute), 2019-23
- Table 24: Europe Exchange Rate, 2018-23
- List of Figures
- Figure 1: Europe veterinary medicine market value: $ million, 2018-23
- Figure 2: Europe veterinary medicine market category segmentation: $ million, 2018-23
- Figure 3: Europe veterinary medicine market geography segmentation: % share, by value, 2023
- Figure 4: Europe veterinary medicine market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the veterinary medicine market in Europe, 2023
- Figure 6: Drivers of buyer power in the veterinary medicine market in Europe, 2023
- Figure 7: Drivers of supplier power in the veterinary medicine market in Europe, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the veterinary medicine market in Europe, 2023
- Figure 9: Factors influencing the threat of substitutes in the veterinary medicine market in Europe, 2023
- Figure 10: Drivers of degree of rivalry in the veterinary medicine market in Europe, 2023
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