Italy Veterinary Medicine Market Size & Outlook, 2023-2030
Italy veterinary medicine market, 2018-2030 (US$M)
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Italy veterinary medicine market highlights
- The Italy veterinary medicine market generated a revenue of USD 1,403.9 million in 2023 and is expected to reach USD 2,569.5 million by 2030.
- The Italy market is expected to grow at a CAGR of 9% 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 1,403.9 million |
| Market revenue in 2030 | USD 2,569.5 million |
| Growth rate | 9% (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, Italy accounted for 3.0% 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 |
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Italy 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 67.81% in 2023. Horizon Databook has segmented the Italy veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
According to ANMVI National Association of Italian Veterinarians, the veterinary industry is growing due to high-quality care. Pet owners in Italy have high expectations for the quality of care provided by veterinary practices. This led to an increasing focus on treatment, driving the veterinary medicine market.
In addition, the country is actively involved in veterinary research and often collaborates with other European countries on projects related to animal health, diseases, & treatments. These collaborations contribute to the advancement of veterinary care, creating requirements for veterinary medicine.
The stringent animal welfare laws & regulations in the country to protect the rights & well-being of animals increased the demand for veterinary medicine in hospitals and clinics. Hence, the rising prevalence of pet diseases and demand for veterinary treatment in hospitals to improve patient care are expected to fuel the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into Italy veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy veterinary medicine market size, by product, 2018-2030 (US$M)
Italy Veterinary Medicine Market Outlook Share, 2023 & 2030 (US$M)
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