Japan Veterinary Medicine Market Size & Outlook, 2024-2030
Japan veterinary medicine market, 2018-2030 (US$M)
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Japan veterinary medicine market highlights
- The Japan veterinary medicine market generated a revenue of USD 2,035.0 million in 2024 and is expected to reach USD 3,276.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.4% from 2025 to 2030.
- In terms of segment, pharmaceuticals was the largest revenue generating product in 2024.
- Biologics is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary medicine market data book summary
| Market revenue in 2024 | USD 2,035.0 million |
| Market revenue in 2030 | USD 3,276.5 million |
| Growth rate | 8.4% (CAGR from 2025 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Biologics |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 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, Japan accounted for 4.1% of the global veterinary medicine market in 2024.
- 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 3,578.8 million by 2030.
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Veterinary Medicine Market Scope
Veterinary Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 72.48% in 2024. Horizon Databook has segmented the Japan veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
The veterinary medicine market in Japan is anticipated to witness steady growth owing to the increasing number of cattle farms. The increasing livestock population is anticipated to drive market growth. In addition, growing pet healthcare expenditure and pet adoption in Japan are expected to drive the market.
For instance, Japan is the only other country in the world where pets outnumber children. According to the Japan Pet Food Association, there are over 20 million cats and dogs in the country and 17 million children under the age of 16 years. Government support and regulation for the welfare of animal health are anticipated to fuel the market in Japan.
For instance, Japan's Act of Welfare and Management of Animals (1973) focuses on building awareness among people as part of its process of implementation. Thus, growing awareness is expected to fuel the demand for veterinary medicine in the country, thereby boosting 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Japan veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into Japan veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan veterinary medicine market size, by product, 2018-2030 (US$M)
Japan Veterinary Medicine Market Outlook Share, 2024 & 2030 (US$M)
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