India Veterinary Medicine Market Trends 2024, Industry Growth, Forecast Report By 2032

The latest report by IMARC Group, titled “India Veterinary Medicine Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,“ offers a comprehensive analysis of the industry, which comprises insights into the veterinary medicine market report in India. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The India veterinary medicine market size reached US$ 816.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,440.2 Million by 2032, exhibiting a growth rate (CAGR) of 6.51% during 2024-2032.

India Veterinary Medicine Market Overview:

Veterinary medicine encompasses a range of pharmaceuticals, vaccines, and medical practices specifically aimed at diagnosing, treating, and preventing diseases in animals. This sector is crucial not only for maintaining the health and welfare of companion animals but also plays a vital role in livestock management, ensuring the health, productivity, and biosecurity of food-producing animals. These products are essential for the effective management of health conditions and enhance the quality of life for animals. The advantages of a robust veterinary medicine practice include increased livestock productivity, reduced incidence of animal diseases transmissible to humans, and improved public health outcomes. Some of the common types of veterinary medicines include anti-infectives, parasiticides, vaccines, medicinal feed additives, and hormone treatments, among others.

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India Veterinary Medicine Market Trends:

The India market is currently witnessing significant growth, driven by increasing pet adoption rates and rising consumer spending on animal health and wellness. Additionally, the growth of the livestock sector in India, a major component of the country's agricultural economy, necessitates effective animal health management practices that rely heavily on veterinary medicines. Along with this, government initiatives aimed at enhancing livestock productivity through various animal health improvement programs also contribute to market expansion. In addition, technological advancements in veterinary pharmaceuticals and vaccines, along with a growing awareness among animal owners about the benefits of preventive healthcare, are propelling the demand for veterinary services and products. Apart from this, the ongoing development of distribution channels and the rise of e-commerce platforms offering veterinary products are trends that facilitate easier access to these medicines, further stimulating market growth. As India continues to urbanize and incomes rise, the veterinary medicine market is flourishing, supported by both increased demand from pet owners and the agricultural sector.

Competitive Landscape:

The report has provided a comprehensive analysis of the competitive landscape in the market.

• Healthcare Pvt Ltd
• Ashish Life Science Pvt Limited
• Century Pharmaceuticals Ltd.
• GMT Pharma International
• MarchVET
• SSS Pharmachem Pvt.Ltd.
• Stanex Drugs
• Chemicals Pvt Ltd
• Vetbiochem India Private Limited
• Virbac Animal Health India Pvt Ltd (Virbac)
• Zenley and Zovix Pharmaceuticals

India Veterinary Medicine Market Segmentation:

Breakup by Product:

• Drugs
  • Anti-infective
  • Anti-inflammatory
  • Parasiticide
• Vaccines
  • Inactivated Vaccines
  • Attenuated Vaccines
  • Recombinant Vaccines
• Medicated Feed Additives
  • Amino Acids
  • Antibiotics

Breakup by Animal Type:

• Companion Animals
• Livestock Animals

Breakup by Route of Administration:

• Oral
• Parenteral
• Topical

Breakup by Distribution Channel:

• Veterinary Hospitals Pharmacies
• Retail Veterinary Pharmacies
• Online Pharmacies

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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