Australia Veterinary Medicine Market Size & Outlook
Australia veterinary medicine market, 2018-2030 (US$M)
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Australia veterinary medicine market highlights
- The Australia veterinary medicine market generated a revenue of USD 1,128.3 million in 2023 and is expected to reach USD 2,209.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 10.1% 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 1,128.3 million |
| Market revenue in 2030 | USD 2,209.9 million |
| Growth rate | 10.1% (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, Australia accounted for 2.4% 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 Asia Pacific, China veterinary medicine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,553.3 million by 2030.
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Veterinary Medicine Market Scope
Veterinary Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 67.69% in 2023. Horizon Databook has segmented the Australia veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
Australia veterinary medicine market is anticipated to grow over the forecast period, which can be attributed to factors such as rising government initiatives for animal health and growing incidence of disease outbreaks.
Similarly, in August 2022, according to animal health Australia, a new Animal plan 2022 to 2027 was established, which is a national action plan for the health of production animals.
Animal plan is the first Australian plan to set out national animal health objectives and activities, agreed upon by the government & relevant organizations, for production animals. Such initiatives undertaken by the government are expected to drive growth of the market.
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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 Australia veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into Australia veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia veterinary medicine market size, by product, 2018-2030 (US$M)
Australia Veterinary Medicine Market Outlook Share, 2023 & 2030 (US$M)
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