Denmark Veterinary Medicine Market Size & Outlook
Denmark veterinary medicine market, 2018-2030 (US$M)
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Denmark veterinary medicine market highlights
- The Denmark veterinary medicine market generated a revenue of USD 252.1 million in 2023 and is expected to reach USD 469.2 million by 2030.
- The Denmark market is expected to grow at a CAGR of 9.3% 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 252.1 million |
| Market revenue in 2030 | USD 469.2 million |
| Growth rate | 9.3% (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, Denmark accounted for 0.5% 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 Europe, UK veterinary medicine market is projected to lead the regional market in terms of revenue in 2030.
- Denmark is the fastest growing regional market in Europe and is projected to reach USD 469.2 million by 2030.
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Veterinary Medicine Market Scope
Veterinary Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Denmark 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 66.48% in 2023. Horizon Databook has segmented the Denmark veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
Denmark is among the world’s largest pig meat exporters. Over the years, there has been an increase in output due to the high degree of specialization and continuously growing productivity in the sector. The country aims at a more prudent use of antimicrobials and has obtained good results by determining national targets for a decrease in the usage of antimicrobials.
In 2018, a new advisory committee on veterinary medicines was established to deliver evidence-based guidance to authorities on the usage of veterinary medicines. In 2019, a new national target was determined for an 8% decrease in usage of antimicrobials in the pig sector by 2022.
For instance, the products of Dechra Pharmaceuticals are distributed to wholesalers and distributors through two major logistics sites, and European & international markets are serviced from its logistics facility based in Uldum, Denmark.
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Our clientele includes a mix of veterinary medicine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Denmark veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into Denmark veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Denmark veterinary medicine market size, by product, 2018-2030 (US$M)
Denmark Veterinary Medicine Market Outlook Share, 2023 & 2030 (US$M)
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