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The India veterinary drugs market is expected to grow at a CAGR of 7.90% in the forecast period of 2024-2032.
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Based on animal type, the companion segment is predicted to hold a significant market share in the India veterinary drugs industry. This growth can be attributed to the increased adoption of pets such as dogs, cats, birds, and fish as a house companion among people. Further, the adoption of pets increased in 2020, during the rapid insurgence of the novel coronavirus pandemic, as pets helped people in combating loneliness and the lockdown blues. These factors are expected to contribute to the overall market growth in the forecast period.
The India veterinary drugs industry is predicted to be aided by the growing availability of veterinary hospitals and clinics in the region. This growth can be attributed to the heightened demand for quality care and medical facilities for animals and pets. In addition, the rising expenditure by the government in the development of veterinary healthcare infrastructure is also predicted to propel the market growth. Additionally, the increased number of strays are also expected to contribute to the industry growth in the forecast period.
Veterinary drugs refer to medications utilised by medical professionals in treating animal injuries and diseases. These drugs help in the healing and treatment procedures while also ensuring the prevention of any infectious diseases. Additionally, routine vaccinations of animals ensure their improved livelihood, further safeguarding their owners and other people from contracting any harmful diseases through the animals.
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By product, the market is divided into:
On the basis of animal type, the market can be segmented into:
Based on route of administration, the industry can be segregated into:
On the basis of distribution channel, the market can be distributed into:
The regional markets for the product include North India, East India, West India, and South India.
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The growing animal ownership in the region is projected to significantly impact the industry growth in the forecast period. According to the 20th Livestock Census conducted by the government of India, a total livestock population of 535.78 million was recorded, showing a 4.6% increase since 2012, making India the highest livestock owner in the world. This can be attributed to the range of services provided by livestock animals, including food, fibre and skin, and animal waste, among others. This is leading to the increased demand for veterinary drugs to ensure the good health of livestock animals. Furthermore, the growing adoption of pet animals as companions is also witnessing a surge, fuelled by the rising disposable incomes, rapid urbanisation and the improved living standards of people. These factors are projected to positively impact the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the India veterinary drugs market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Animal Type |
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| Breakup by Route of Administration |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The India veterinary drugs market is projected to grow at a CAGR of 7.90% between 2024 and 2032.
The major drivers of the industry, such as the increased demand for livestock animals, rising adoption of companion animals, increased availability of veterinary healthcare services, and heightened government investments in the development of veterinary healthcare infrastructure, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increase in animal and pet ownership across the country.
The major regions in the industry are North India, East India, West India, and South India.
The significant products include biologics, pharmaceuticals, medicinal feed additives, and others.
The significant animal types include companion and livestock.
The significant routes of administration include oral, parenteral, and topical.
The different distribution channels include veterinary hospitals and clinics, pharmacies and drug stores, online, and others.
The major players in the industry are Zovix Pharmaceuticals, ANI Healthcare, MarchVET, Century Pharmaceuticals Ltd, Adani Pharmachem Private Limited, and others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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