동물 치료 시장 예측 : 제품별, 동물 유형별, 투여 경로별, 유통 채널별, 지역별(-2032년)

According to Stratistics MRC, the Global Veterinary Therapeutics Market is accounted for $58.8 billion in 2025 and is expected to reach $110.2 billion by 2032 growing at a CAGR of 9.4% during the forecast period. Veterinary therapeutics refers to the branch of veterinary medicine that focuses on diagnosing, treating, and managing animal diseases using pharmacological, immunological, and supportive therapies. It encompasses a wide range of interventions, including antibiotics, vaccines, antiparasitics, analgesics, and biologics tailored to various species. These therapeutic strategies aim to restore health, alleviate pain, prevent disease progression, and improve overall animal welfare. Veterinary therapeutics also plays a vital role in livestock productivity, zoonotic disease control, and public health.

According to the World Organization for Animal Health, foot and mouth disease affects 77.0% of the global livestock population.

Market Dynamics:

Driver:

Rising Pet Ownership & Human-Animal Bond

The surge in pet ownership and deepening human-animal bonds is significantly propelling the Veterinary therapeutics market. With pets increasingly seen as family, there's rising demand for advanced, personalized care, including preventive and chronic condition treatments. This emotional connection drives higher spending on wellness, innovative therapies, and diagnostics. Moreover, growing awareness of pet health fosters product development and veterinary service expansion, reinforcing the market's trajectory toward robust growth and innovation across pharmaceuticals, biologics, and companion animal care segments.

Restraint:

High Cost of Advanced Veterinary therapeutics

The high cost of advanced Veterinary therapeutics poses a significant barrier to market growth, especially in developing regions where pet insurance is limited and affordability is a concern. These costly treatments often deter pet owners and livestock farmers from seeking timely care, leading to reduced adoption rates. The financial burden also discourages smaller clinics from stocking innovative therapies, ultimately hindering market expansion and access to cutting-edge veterinary solutions.

Opportunity:

Technological Advancements in Veterinary Medicine

Technological advancements in veterinary medicine are transforming the Veterinary therapeutics market by enhancing diagnostic precision, treatment efficacy, and personalized care. Innovations such as AI-driven diagnostics, telemedicine, and regenerative therapies are accelerating early disease detection and improving outcomes. The integration of smart devices and data analytics boosts real-time monitoring and decision-making. These developments not only increase clinical efficiency and reduce costs but also expand access to care, driving market growth and fostering continuous innovation in Veterinary therapeutics.

Threat:

Stringent Regulatory Approvals

Stringent regulatory approvals pose a significant hindrance to the Veterinary therapeutics market. Lengthy approval timelines, complex documentation, and rigorous safety and efficacy trials delay product launches and increase development costs. Smaller players often struggle to meet these demands, limiting innovation and market entry. These strict regulations, though essential for animal welfare, act as a bottleneck, restricting swift advancements and the availability of novel therapies across regions.

Covid-19 Impact

The COVID-19 pandemic had a mixed impact on the Veterinary therapeutics market. Initially, lockdowns and movement restrictions disrupted veterinary services, supply chains, and delayed non-urgent treatments. However, the crisis also heightened awareness of zoonotic diseases, emphasizing the need for robust animal health systems. Pet adoption surged during lockdowns, increasing demand for companion animal therapeutics. As the world adapted, telemedicine and home-care solutions gained traction, reshaping veterinary care delivery models.

The veterinary vaccines segment is expected to be the largest during the forecast period

The veterinary vaccines segment is expected to account for the largest market share during the forecast period because their preventive nature lowers treatment costs and supports sustainable animal health management. Technological advancements in vaccine development-such as recombinant and vector-based platforms-drive innovation across therapeutics. Additionally, vaccines contribute to public health by curbing zoonotic transmissions and ensuring safer food supplies. This growing segment not only complements therapeutic interventions but also accelerates market expansion through improved disease control.

The online stores segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the online stores segment is predicted to witness the highest growth rate as these platforms streamline product discovery for pet owners and livestock managers, improve affordability through competitive pricing, and enhance market penetration in remote areas. Additionally, e-commerce facilitates direct-to-consumer delivery, fostering convenience and compliance with veterinary care regimens. Their integration with AI-powered recommendations and subscription models is further optimizing therapeutic outcomes and driving sustained market growth.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share due to rising pet ownership and heightened awareness of animal health. Countries like India, China, and South Korea are investing in advanced treatments and preventive care, boosting demand for vaccines, diagnostics, and pharmaceuticals. Technological innovations and government initiatives are enhancing veterinary infrastructure, improving disease management, and supporting food security. This dynamic market is fostering economic development and elevating standards in animal welfare across the region.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to high spending on companion animal healthcare, and advanced veterinary infrastructure. The region benefits from a strong network of veterinary clinics, widespread insurance coverage, and early adoption of innovative treatments like biologics and precision diagnostics. Supportive government regulations and growing awareness about zoonotic disease control further boost the market. North America's technologically advanced ecosystem and emphasis on animal welfare continue to drive the demand for effective therapeutic solutions.

Key players in the market

Some of the key players profiled in the Veterinary therapeutics Market include Zoetis Inc., Elanco Animal Health Incorporated, Merck Animal Health, Boehringer Ingelheim Animal Health, Ceva Sante Animale, Virbac, Vetoquinol S.A., Dechra Pharmaceuticals PLC, IDEXX Laboratories, Inc., Phibro Animal Health Corporation, Norbrook Laboratories Ltd., Zydus Animal Health, Kindred Biosciences, Inc., Neogen Corporation, Bimeda Animal Health, Biogenesis Bago, Ourofino Saude Animal and Kyoritsu Seiyaku Corporation.

Key Developments:

In June 2025, Infosys has entered into a strategic, long-term consulting partnership with Zoetis, the world's leading animal health company, Under this deal, Infosys will support Zoetis by integrating advanced AI driven solutions, automation, and digital enhancements into their IT operations. The goal is to boost agility and streamline systems, enabling Zoetis to better serve veterinarians, livestock producers, and pet owners globally.

In April 2025, Elanco has entered into a strategic research partnership with WEDterinary LLC, to pursue groundbreaking therapies for chronic kidney disease (CKD) in cats and explore approaches for extending healthy lifespan in pets. The first phase of this collaboration involves pioneering targeted gene therapy specifically aimed at treating feline CKD, while also delving into emerging technologies in life-extension for companion animals.

Products Covered:

• Veterinary Drugs
• Veterinary Vaccines
• Medicated Feed Additives

Animal Types Covered:

• Companion Animals
• Livestock Animals

Routes of Administration Covered:

• Oral
• Parenteral
• Topical
• Aerosol

Distribution Channels Covered:

• Veterinary Hospitals & Clinics
• Feed Stores
• Pharmacies
• Online Stores
• Other Distribution Channels

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Veterinary therapeutics Market, By Product

• 5.1 Introduction
• 5.2 Veterinary Drugs
  • 5.2.1 Anti-infectives
  • 5.2.2 Anti-inflammatory
  • 5.2.3 Parasiticides
• 5.3 Veterinary Vaccines
  • 5.3.1 Inactivated
  • 5.3.2 Live Attenuated
  • 5.3.3 Recombinant
• 5.4 Medicated Feed Additives
  • 5.4.1 Antimicrobials
  • 5.4.2 Anticoccidials
  • 5.4.3 Antiparasitics

6 Global Veterinary therapeutics Market, By Animal Type

• 6.1 Introduction
• 6.2 Companion Animals
  • 6.2.1 Dogs
  • 6.2.2 Horses
  • 6.2.3 Cats
• 6.3 Livestock Animals
  • 6.3.1 Cattle
  • 6.3.2 Sheep & Goats
  • 6.3.3 Poultry
  • 6.3.4 Swine

7 Global Veterinary therapeutics Market, By Route of Administration

• 7.1 Introduction
• 7.2 Oral
• 7.3 Parenteral
• 7.4 Topical
• 7.5 Aerosol

8 Global Veterinary therapeutics Market, By Distribution Channel

• 8.1 Introduction
• 8.2 Veterinary Hospitals & Clinics
• 8.3 Feed Stores
• 8.4 Pharmacies
• 8.5 Online Stores
• 8.6 Other Distribution Channels

9 Global Veterinary therapeutics Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Zoetis Inc.
• 11.2 Elanco Animal Health Incorporated
• 11.3 Merck Animal Health
• 11.4 Boehringer Ingelheim Animal Health
• 11.5 Ceva Sante Animale
• 11.6 Virbac
• 11.7 Vetoquinol S.A.
• 11.8 Dechra Pharmaceuticals PLC
• 11.9 IDEXX Laboratories, Inc.
• 11.10 Phibro Animal Health Corporation
• 11.11 Norbrook Laboratories Ltd.
• 11.12 Zydus Animal Health
• 11.13 Kindred Biosciences, Inc.
• 11.14 Neogen Corporation
• 11.15 Bimeda Animal Health
• 11.16 Biogenesis Bago
• 11.17 Ourofino Saude Animal
• 11.18 Kyoritsu Seiyaku Corporation