Argentina Veterinary Medicine Market Size & Outlook
Argentina veterinary medicine market, 2018-2030 (US$M)
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Argentina veterinary medicine market highlights
- The Argentina veterinary medicine market generated a revenue of USD 764.7 million in 2023 and is expected to reach USD 1,463.0 million by 2030.
- The Argentina market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, pharmaceuticals was the largest revenue generating product in 2023.
- Biologics is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary medicine market data book summary
| Market revenue in 2023 | USD 764.7 million |
| Market revenue in 2030 | USD 1,463.0 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Biologics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics, Pharmaceuticals, Medicated Feed Additives |
| Key market players worldwide | Zoetis Inc Class A, Boehringer Ingelheim, Merck & Co Inc, Elanco Animal Health Inc, Dechra Pharmaceuticals, Ceva Santé Animale, Phibro Animal Health Corp Class A, Virbac SA, Bimeda Ireland, Biogenesis Bago |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.6% of the global veterinary medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil veterinary medicine market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1,463.0 million by 2030.
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Veterinary Medicine Market Scope
Veterinary Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina veterinary medicine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary medicine market will help companies and investors design strategic landscapes.
Pharmaceuticals was the largest segment with a revenue share of 67.73% in 2023. Horizon Databook has segmented the Argentina veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is expected to hold a substantial share of the veterinary medicine market during the forecast period due to an increase in the number of animal healthcare facilities and the presence of untapped opportunities. Furthermore, increasing pet adoption and ownership have contributed to market growth.
For instance, 86% of households in Argentina have at least one pet, mostly a dog or cat. Market players are consistently investing in R&D efforts to introduce efficient medicines. In addition, they are expanding their global footprints by implementing a variety of market strategies, such as joint ventures, partnerships, and sales agreements.
For instance, to commercialize the Circo/MycoGard vaccine in the country and region, the Argentine laboratory Vetanco formed a commercial partnership with a U.S. company—Pharm gate Animal Health—in April 2021. The vaccine protects pigs against PCV-2 and Mycoplasma hyopneumoniae.
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Our clientele includes a mix of veterinary medicine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into Argentina veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina veterinary medicine market size, by product, 2018-2030 (US$M)
Argentina Veterinary Medicine Market Outlook Share, 2023 & 2030 (US$M)
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