Dublin, December 06, 2021 (GLOBE NEWSWIRE) – The report “Europe Veterinary Health Care Market Forecast 2021-2027, Industry Trends, Share, Overview, Growth, Impact of COVID-19, Analysis business of opportunities “has been added to ResearchAndMarkets.com offer.
The European veterinary healthcare market will reach US $ 8.89 billion by 2027, up from US $ 5.75 billion in 2020, with a CAGR of 6.42%
The European veterinary care industry has undergone significant changes over the past decade, including a greater focus on companion animal medicine and a considerable solidification of group veterinary practices. In Europe, the veterinary industry is part of the larger healthcare sector.
It is an essential part of caring for animals like pets, livestock, poultry, horses, water sports, rabbits, and others. In Europe, it can be defined as veterinary science, a medical specialty involved in the prevention, control, treatment and diagnosis of disorders affecting the health of domestic and wild animals and in the prevention of the transmission of viruses from animals to them. ‘man.
Moreover, the main factor contributing to the growth of the European veterinary market is the increasing adoption of animals in European countries, coupled with the increasing initiatives of various governments and the improvement of animal health and productivity at the risk of an emerging zoonosis.
The growing interest in the production of farm animals is driving growth in the European veterinary care market.
Impact of COVID-19 on the European veterinary health industry
The global COVID-19 epidemic has impacted all industries, including veterinary health care. This has affected the export and import activities of veterinary drugs and diagnostics, resulting in lower sales of the veterinary industry of many products. The European Medicines Agency (EMA) has designed and implemented some guidelines to ensure the availability of veterinary medicines on the European market.
In 2020, according to the Health for Animals article, the World Veterinary Association (WVA) and local veterinary associations in Europe declared veterinary services “essential” along with human health services, and therefore many veterinarians continue to practice in COVID-19 situations too
By product: the vaccines segment holds the largest market share
Veterinary health care encompasses various veterinary health products such as vaccines, parasiticides, antimicrobials, and others. Vaccines are made up of bacteria, viruses, or other disease-causing organisms that have been eliminated or altered so that they cannot cause disease, thereby boosting immunity. Construction initiatives by European governments have improved animal health and led to a growing demand for veterinary vaccines.
In addition, some vaccines, parasiticides and antimicrobials are only available in approved veterinary hospitals and clinics in Europe. Veterinary hospitals and clinics offer a wide range of treatments as well as diagnostic options such as advanced diagnostic imaging, new therapies, nuclear and regenerative medicines, laser diagnostics and specialty surgeries, available in hospitals and clinics. European veterinarians for an animal such as pets. , Cattle, Poultry, Horses, Aquatic, Rabbits and others
The veterinary care market in Germany, France and UK offers huge opportunity
The veterinary care market in Europe is segmented between Germany, France, UK, Italy, Russia, Spain and the rest of Europe. In Germany, veterinary health is protected by veterinary legislation and administration. Strict government laws related to veterinary health and the high disposable income of the German people have sparked increased interest in pets, livestock, poultry, and horses.
In addition, the UK veterinary healthcare industry is growing and includes therapeutic products and solutions for farm and companion animals. Pets like dogs and cats can be tamed or adopted as companion or farm animals, and house / office sitters are bred for meat and dairy.
Pets include dogs, cats, and horses, and farm animals include pigs, poultry, and ruminants. In 2018, according to the People’s Dispensary for Sick Animals, 49% of adults in the UK owned a pet. 25% of adults had a pet cat and 24% owned a pet dog
Key players in the European veterinary care industry
Major players such as Elanco, Zoetis Inc., Boehringer Ingelheim International GmbH, Merck & Co., Inc. and Bayer AG work in the European veterinary care sector.
To strengthen their presence in the market, they engage in various growth strategies, such as partnerships, collaborations, agreements, mergers and acquisitions.
Main topics covered:
2. Research methodology
3. Executive summary
4. Market dynamics
4.1 Growth drivers
5. European veterinary healthcare market
6. Market share – Veterinary care in Europe
6.1 By products
6.2 By animals
6.3 By country
6.4 By distribution
6.5 By end users
7. Products – European veterinary healthcare market
8. Animals – European veterinary healthcare market
9. Country – Veterinary healthcare market in Europe
9.3 United Kingdom
9.7 Rest of Europe
10. Distribution – European veterinary healthcare market
10.1 Retail pharmacies and pharmacies
10.2 Electronic commerce
10.3 Hospitals and veterinary clinics
11. End users – European veterinary healthcare market
11.1 Veterinary hospitals
11.2 Veterinary clinics
12. Business analysis
12.2 Recent development
12.3 Financial information
- Zoetis Inc.
- Boehringer Ingelheim International GmbH
- Merck & Co., Inc.
- Bayer AG
For more information on this report visit https://www.researchandmarkets.com/r/5dh17s