Veterinary Biologics Market Outlook from 2024 to 2034
The global veterinary biologics market size is estimated to reach a valuation of USD 13,140.6 million in 2024. The market is projected to surpass USD 24,224.3 million by 2034, registering a promising CAGR of 6.3%.
Key Highlights
- The increasing demand for specialized biologics for companion animals, including dogs, cats, and horses, presents a significant market opportunity. Companion animal healthcare has become a focus area for veterinary biologics manufacturers.
- The emergence of new and evolving infectious diseases in animals, such as avian influenza and African swine fever, creates opportunities for the development of specific vaccines and biologics to prevent and control these diseases.
- There is an increased focus on the health of animals to meet international standards, as trade in animal products becomes more globalized, which drives the demand for effective veterinary biologics to ensure the health and safety of animals in different regions.
- Increasing awareness among veterinarians, farmers, and pet owners about the benefits of preventive healthcare and the availability of veterinary biologics has a positive impact on market growth. Education campaigns and training programs play a crucial role in promoting the adoption of these products.
| Attributes |
Details |
| Veterinary Biologics Market Size (2024) |
USD 13,140.6 million |
| Veterinary Biologics Market Forecasted Size (2034) |
USD 24,224.3 million |
| Projected Value CAGR (2024 to 2034) |
6.3% |
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Key Factors Influencing the Veterinary Biologics Market Growth
Pawsitive Surge in Pet Ownership to Fuel the Market Growth! The bond between humans and their furry companions has witnessed a remarkable surge, propelling a booming trend in pet ownership.
The burgeoning connection has led pet owners to prioritize the well being of their beloved animals, with a noteworthy emphasis on preventive healthcare measures.
- The emotional connection with animals intensifies, as people increasingly view their pets as integral family members.
- The heightened bond instigates a sense of responsibility among pet owners to ensure the longevity and quality of life for their animal companions.
- The mindset regarding pet healthcare has evolved from reactive to proactive, and pet owners now recognize the importance of preventive measures in safeguarding their pets from potential health issues.
- The paradigm shift has triggered a substantial increase in the demand for veterinary biologics. Pet owners are also becoming more informed about the benefits of vaccinations and other biologics, with the advent of information through various media channels.
Shielding the Herd and Homes Amidst Global Animal Disease Prevalence! The interconnectedness between animals and humans has accentuated the threat of foodborne and zoonotic diseases, emphasizing the need for robust preventive measures. Diseases that can be transmitted between animals and humans heighten the significance of comprehensive disease management in both livestock and companion animals.
- The agricultural and livestock industries face severe economic consequences due to the prevalence of diseases.
- Outbreaks not only impact animal health but also disrupt food supply chains, causing economic losses. Farmers and agricultural stakeholders, to mitigate these risks, increasingly turn to veterinary biologics for disease prevention and management.
- The demand for veterinary biologics arises from the recognition in the agricultural sector of the pivotal role these biologics play in maintaining herd health, reducing mortality rates, and ensuring the overall productivity of livestock.
- Beyond agricultural considerations, the rise in pet ownership has fueled a parallel surge in the demand for veterinary biologics.
- Pet owners are now more vigilant about protecting their furry friends from contagious diseases, prompting regular vaccinations and preventive healthcare measures to ensure the well being of companion animals.
Tailoring Wellness, the Genomic Revolution in Veterinary Biologics! Advancements in genomics have unraveled the intricate details of the genetic makeup of animals. The wealth of information allows veterinarians to gain deep insights into a susceptibility of individual animal to certain diseases, response to medications, and overall health profile.
The concept of personalized medicine has transcended human healthcare to the veterinary domain. Veterinarians, by leveraging genomic data, can customize treatment plans, including the development of tailored veterinary biologics.
The precision medicine approach aims to optimize therapeutic outcomes while minimizing adverse effects. Tailoring veterinary biologics to the genetic specifics of each animal enhances the overall efficacy of treatments.
Personalized vaccines, such as protozoan parasitic vaccines, third-generation DNA vaccines as well as biologics can stimulate a more robust immune response, offering heightened protection against specific pathogens. The individualized approach ensures a targeted and tailored defense mechanism.
Pioneering Progress, the Catalyst of Research and Development! Pharmaceutical companies and biotechnology firms are channeling substantial investments into research and development for veterinary biologics. The commitment to innovation aims to address gaps in existing treatments and pioneer groundbreaking solutions to elevate animal healthcare standards.
Research and development investments result in the discovery and development of a diverse range of veterinary biologics, which includes novel vaccines, immunotherapies, and other biological products tailored to address specific diseases and health challenges in both livestock and companion animals.
- Advances in biotechnology enable the creation of veterinary biologics with greater precision and specificity.
- The refined products target particular pathogens or conditions, minimizing collateral damage to healthy tissues and enhancing the overall efficacy of treatments.
- The research and development endeavors focus on identifying and addressing previously unmet needs in animal healthcare.
- The proactive approach leads to the development of solutions for diseases or health conditions that lacked effective preventive or therapeutic options, thereby filling critical gaps in veterinary care.
Obstacles Compressing the Veterinary Biologics Market Revenue Development
Impediments Posed by High Development Costs in the Veterinary Biologics! The process of developing new veterinary biologics involves extensive research and innovation, from identifying potential targets to conducting rigorous testing. The endeavors demand substantial financial resources, posing a challenge for companies seeking to bring novel solutions to the market.
- Meeting stringent regulatory standards and ensuring the safety and efficacy of veterinary biologics incur additional expenses.
- Complying with regulatory requirements is essential but contributes to the overall high development costs, particularly for startups or smaller companies with limited financial bandwidth.
- Rigorous clinical trials are a vital component of bringing veterinary biologics to market. The costs associated with conducting these trials, including recruitment, monitoring, and data analysis, can be formidable.
- The financial burden may be a barrier for smaller entities aiming to introduce innovative products.
Historical Veterinary Biologics Market Statistic Analysis alongside Future Projections
From 2019 to 2023, the global veterinary biologics industry witnessed a surge, boasting a 7.2% CAGR. Increase in awareness among pet owners and farmers regarding the importance of animal health and preventive care led to the increased demand for veterinary biologics.
- Collaborations between industry players, research institutions, and government bodies augmented research and development efforts, which contributed to market growth.
- Growing concerns about the environmental impact of livestock farming accelerated the development of sustainable veterinary biologics.
- A holistic approach that considers the interconnectedness of human, animal, and environmental health influenced the development and adoption of veterinary biologics.
| Historical CAGR (2019 to 2023) |
7.2% |
| Forecasted CAGR (2024 to 2034) |
6.3% |
The forecast period 2024 to 2034 is anticipated to show green signs to the market growth. Continued innovations in biotechnology and related fields can lead to the development of more effective and targeted veterinary biologics, enhancing their overall efficacy.
- The prevalence of various animal diseases and the need for effective preventive measures, including vaccines and biologics, play a critical role in market growth.
- There is a higher demand for veterinary biologics to ensure the health and safety of animals across different regions, as global trade in animal products increases.
- Changes in regulatory frameworks and standards can influence the approval and distribution of veterinary biologics, influencing market dynamics.
Veterinary Biologics Market Trends and Opportunities
| Attributes |
Details |
| Trends |
- Economic growth in emerging markets leads to increased spending on animal healthcare. There is a growing ability to invest in preventive veterinary healthcare, including biologics, as disposable incomes rise in these regions.
- The need for biologics to protect against bioterrorism threats and ensure biosecurity in animal populations presents an area of potential growth. Governments and agencies may invest in biologics for emergency preparedness.
|
| Opportunities |
- Innovations in administration routes, such as oral vaccines and needle free delivery systems, can improve the ease of use and acceptance of veterinary biologics, especially in livestock farming.
- The integration of digital technologies, such as electronic health records for animals, telemedicine, and data analytics, can enhance the monitoring and management of animal health, providing new opportunities for biologics.
|
Veterinary Biologics Market Analysis by Region
Europe stands out as a dominant force in the veterinary biologics industry, with a substantial increase in demand for advanced veterinary biologics in the United Kingdom, Italy, and Germany. The below table showcases revenues in terms of the top 5 leading countries, which are expected to lead the market through 2034.
| Countries |
Forecasted CAGR (2024 to 2034) |
| United States |
7.3% |
| United Kingdom |
7.0% |
| Italy |
6.8% |
| China |
8.1% |
| Germany |
7.2% |
Pawsperity in the United States Embraces Pet Health Revolution
Demand for veterinary biologics in the United States is rising with an anticipated CAGR of 7.3% through 2034. Key factors influencing the demand include,
- The trend of treating pets as family members and the humanization of pets lead to increased spending on their healthcare.
- Pet owners are more likely to invest in preventive measures, such as vaccinations, to ensure the well being of their animals.
- The United States boasts a well developed veterinary healthcare infrastructure, including veterinary clinics, hospitals, and research institutions.
- The advanced infrastructure supports the growth of the market by providing a conducive environment for research, development, and distribution.
Government Initiatives and Livestock Wellness Revolution to Pave the Way in China
The veterinary biologics market in China is forecasted to inflate at a CAGR of 8.1% through 2034. Top aspects supporting the market growth are,
- The Chinese government has been actively involved in initiatives aimed at improving livestock health, disease control, and overall animal welfare. Policies supporting the use of veterinary biologics contribute to market growth.
- China has a significant and expanding livestock industry, including poultry, swine, and cattle. The need to ensure the health and productivity of livestock drives the demand for veterinary biologics in the agricultural sector.
- Ongoing advancements in veterinary medicine and biotechnology contribute to the development of more effective and specific veterinary biologics. Adoption of advanced technologies enhances the quality of veterinary care in China.
Veterinary Health Thrives in Italy with a Focus on Preventive Healthcare Measures
The demand for veterinary biologics in Italy is estimated to record a CAGR of 6.8% through 2034. Key variables backing up this phenomenon are,
- There is a growing emphasis on preventive healthcare measures for animals in Italy. Veterinary biologics, particularly vaccines, play a crucial role in preventing and controlling infectious diseases among both companion animals and livestock.
- The participation of the country in the global trade of animal products emphasizes the importance of animal health and safety.
- Veterinary biologics are essential to meet international standards and ensure the export of healthy animals and products.
- Investments in research and development by pharmaceutical companies and biotech firms in Italy drive innovation in the veterinary biologics sector, which results in the introduction of new and improved products to the market.
Paws Jump with a Weight Management Revolution in the United Kingdom
Adoption of veterinary biologics in the United Kingdom is likely to exhibit a CAGR of 7.0% through 2034. Reasons supporting this rapid adoption include,
- There is a growing geriatric pet population, as pets in the United Kingdom live longer due to improved veterinary care.
- Older animals often require specialized healthcare, including biologics, to address age related health concerns.
- Increased awareness of zoonotic diseases, which can be transmitted between animals and humans, underscores the importance of preventive measures in veterinary healthcare.
- Veterinary biologics, including vaccines, play a crucial role in controlling the spread of such diseases.
- The availability of specialized veterinary services, including diagnostic and therapeutic procedures, drives the demand for advanced biologics tailored to specific medical conditions in pets.
Progress, Innovations, E-commerce, and Nutritional Wellness to Accelerate the German Market
The veterinary biologics market in Germany is expected to surge at a CAGR of 7.2% through 2034. Top factors supporting the market expansion include,
- Ongoing innovation in biologic therapies, including monoclonal antibodies and gene therapies, contributes to the expansion of treatment options in veterinary medicine, driving the market for advanced biologics.
- The growth of e-commerce platforms dedicated to pet healthcare products and services in Germany provides convenient access to veterinary biologics, contributing to market expansion.
- The awareness of the role of nutrition in pet health has led to an increased demand for nutritional biologics and supplements, addressing specific dietary needs and health conditions in pets.
Veterinary Biologics Market Analysis by Segment
As far as the product type is concerned, the vaccines segment is likely to dominate the industry in 2024, accounting for a 90.8% market share. Similarly, the livestock segment is expected to take the lead when considering animal, commanding a 52.1% market share in 2024.
| Segment |
Market Share in 2024 |
| Vaccines |
90.8% |
| Livestock |
52.1% |
Vaccines Claim High Demand for Veterinary Biologics
The increasing emphasis on preventive healthcare measures for animals is a major factor driving the growth of the vaccines segment. Vaccines play a crucial role in preventing the occurrence and spread of various infectious diseases in both companion animals and livestock.
- There is an increased demand for vaccines to protect companion animals such as dogs and cats from common infectious diseases, with the growing trend of pet ownership, especially in urban areas.
- In the livestock sector, vaccines are essential for disease management and control. They help prevent the spread of contagious diseases among herds, ensuring the health and productivity of livestock.
- The awareness of zoonotic diseases, which can be transmitted from animals to humans, has led to a heightened focus on vaccinating animals to prevent the transmission of diseases that pose a risk to public health.
- Governments and regulatory bodies often implement vaccination programs as part of broader disease control initiatives in both companion animals and livestock, which can boost the demand for veterinary vaccines.
Livestock to Hold High Demand for Veterinary Biologics
The rising global demand for meat and other animal derived products has led to an increase in livestock farming. There is a growing need for veterinary biologics, including vaccines and other healthcare products, to maintain the health and productivity of livestock. Livestock diseases can have a significant impact on agricultural productivity and food security.
- Veterinary biologics, particularly vaccines, play a crucial role in preventing and controlling infectious diseases among livestock, ensuring the overall health of the herds.
- Many governments implement initiatives and programs to improve the health of livestock, prevent disease outbreaks, and enhance food safety. The initiatives often involve the use of veterinary biologics, driving growth in the livestock segment.
- The globalization of the livestock industry and the need to comply with international animal health standards contribute to the demand for veterinary biologics.
- Livestock producers seek effective solutions to meet regulatory requirements and ensure the export of healthy animals and animal products.
Competitive Landscape
The veterinary biologics industry is a dynamic and competitive sector within the broader animal health industry. The market encompasses a wide range of biologically derived products designed for the prevention and treatment of diseases in animals.
The competitive landscape is characterized by the presence of established pharmaceutical companies, biotechnology firms, and specialized veterinary product manufacturers. The detailed note provides a comprehensive analysis of the competitive dynamics, key players, strategic initiatives, and market trends within the market.
Company Portfolio
- Zoetis Inc., as a leading player in the animal health industry, boasts a diverse portfolio of veterinary biologics, including vaccines, diagnostics, and other biological products. The global presence of the company and focus on innovation contribute to its prominent position in the market.
- Merck's animal health division is a major player in the veterinary biologics market. The company offers a wide range of vaccines and biologic solutions for companion animals and livestock. The commitment of the company to research and development strengthens its competitive standing.
Key Veterinary Biologics Market Players
- Elanco Animal Health
- Ceva
- Phibro Animal Health Corporation
- Boehringer Ingelheim
- Zoetis Inc.
- Merck & Co. Inc.
- Virbac
- Hester Biosciences Limited
- Colorado Serum Company
- Addison Biological Laboratory Inc.
- American Animal Health Inc.
- HIPRA
- Bimeda Inc. (Texas Vet Lab Inc.)
Report Scope
| Attribute |
Details |
| Estimated Market Size in 2024 |
USD 13,140.6 million |
| Projected Market Valuation in 2034 |
USD 24,224.3 million |
| Value-based CAGR 2024 to 2034 |
6.3% |
| Forecast Period |
2024 to 2034 |
| Historical Data Available for |
2019 to 2023 |
| Market Analysis |
Value in USD million |
| Key Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered |
Product Type, Animal, Distribution Channel, Region |
| Key Countries Profiled |
The United States, Canada, Brazil, Mexico, Germany, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled |
Elanco Animal Health; Ceva; Phibro Animal Health Corporation; Boehringer Ingelheim; Zoetis Inc.; Merck & Co. Inc.; Virbac; Hester Biosciences Limited; Colorado Serum Company; Addison Biological Laboratory Inc.; American Animal Health Inc.; HIPRA; Bimeda Inc. (Texas Vet Lab Inc.) |
Frequently Asked Questions
What is the anticipated value of the Veterinary Biologics market in 2024?
The market is projected to reach a valuation of USD 13,140.6 million in 2024.
What is the expected CAGR for the Veterinary Biologics market until 2034?
The veterinary biologics industry is set to expand by a CAGR of 6.3% through 2034.
How much valuation is projected for the Veterinary Biologics market in 2034?
The veterinary biologics market is forecast to reach USD 24,224.3 million by 2034.
Which country is projected to lead the Veterinary Biologics market?
China is expected to be the top performing market, exhibiting a CAGR of 8.1% through 2034.
Which is the dominant product type in the Veterinary Biologics domain?
Vaccines are preferred, and are expected to account for a share of 90.8% in 2024.
