Israel Veterinary Medicine Market Size & Outlook
Israel veterinary medicine market, 2018-2030 (US$M)
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Israel veterinary medicine market highlights
- The Israel veterinary medicine market generated a revenue of USD 43.0 million in 2023 and is expected to reach USD 85.7 million by 2030.
- The Israel market is expected to grow at a CAGR of 10.4% 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 43.0 million |
| Market revenue in 2030 | USD 85.7 million |
| Growth rate | 10.4% (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, Israel accounted for 0.1% 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 Middle East & Africa, South Africa veterinary medicine market is projected to lead the regional market in terms of revenue in 2030.
- Israel is the fastest growing regional market in Middle East & Africa and is projected to reach USD 85.7 million by 2030.
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Veterinary Medicine Market Scope
Veterinary Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Israel 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 67.67% in 2023. Horizon Databook has segmented the Israel veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing efforts by farmers to improve access to veterinary care and the development of cooperative clinical veterinary services created a platform for veterinary medicine manufacturers to sell their products in the country.
It undertakes the diagnosis, prevention, & control of infectious diseases in the country and has a wide network for the supply of pharmaceuticals. In addition, growing number of veterinary startups drives the demand for veterinary medicines in the country.
Moreover, support from the government in maintaining quality veterinary care and services resulted in strict standardization of veterinary medicines. Scrutiny and evaluation by the National Veterinary Association in Israel are stringent, which allows quality veterinary product manufacturers to establish their business in the country.
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Target buyers of Israel veterinary medicine market databook
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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 Israel veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into Israel veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Israel veterinary medicine market size, by product, 2018-2030 (US$M)
Israel Veterinary Medicine Market Outlook Share, 2023 & 2030 (US$M)
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