Spain Veterinary Medicine Market Size & Outlook, 2023-2030
Spain veterinary medicine market, 2018-2030 (US$M)
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Spain veterinary medicine market highlights
- The Spain veterinary medicine market generated a revenue of USD 1,299.1 million in 2023 and is expected to reach USD 2,376.4 million by 2030.
- The Spain 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 1,299.1 million |
| Market revenue in 2030 | USD 2,376.4 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, Spain accounted for 2.8% 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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Spain 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 67.73% in 2023. Horizon Databook has segmented the Spain veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
The number of pet owners in Spain has been steadily increasing over the years. With growing pet adoption, owners are willing to invest in their well-being, including regular checkups.
For instance, according to the International Trade Administration, Spain has 28 million registered pets, including 6.7 million dogs and 3.8 million cats, making it the fifth-largest pet market in Europe after the UK, France, Germany, and Italy.
In addition, rapid growth in the livestock sector, coupled with increasing meat production and consumption, fueled the need to curb zoonotic or foodborne diseases of livestock in the country. Hence, the country is home to a rising number of veterinary hospitals and clinics, which is expected to aid the veterinary medicine market growth.
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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 Spain veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into Spain veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain veterinary medicine market size, by product, 2018-2030 (US$M)
Spain Veterinary Medicine Market Outlook Share, 2023 & 2030 (US$M)
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