Veterinary Healthcare Market By Product, By End User, By Ship Type, By Material, By Application, By Region And Forecast 2023-2032|Zoetis Inc., Boehringer Ingelheim GmbH, Merck & Co, IDEXX Laboratories, Evonik Industries AG

The Veterinary Healthcare Global Market Report 2023 by The Business Research Company, provides veterinary healthcare market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Veterinary Healthcare Global Market Report 2023, the market size will grow from $180.32 billion in 2022 to $195.77 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The market size of veterinary healthcare is expected to grow from $261.48 billion in 2027 at a CAGR of 7.5%.

Global meat production is expected to rise in the forecast period, supporting the growth of the veterinary healthcare market.

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The veterinary healthcare market is segmented:

1) By Type: Veterinary Services, Veterinary Medical Equipment, Animal Medicine

2) By Product: Instruments/Equipment, Disposables

3) By Animal Type: Dogs and Cats, Horses, Ruminants, Swine, Poultry, Other Animals

Nanotechnology is increasingly gaining traction in the animal medicine market as a substitute for veterinary antibiotics to tackle antibiotic resistance. Nanotechnology is the study of controlling matter on an atomic and molecular scale. In the animal medicine industry is used to improve diagnosis, treatment, animal growth promotion, and production. Nanoparticles are mainly used as alternative antimicrobial agents to reduce the use of antibiotics and improve the detection of pathogenic bacteria. They are also used as drug delivery agents for new drugs and vaccine candidates to improve their characteristics and performance, and to reduce drug resistance in animal organisms.

The veterinary healthcare market report table of contents includes: