Sweden Veterinary Medicine Market Size & Outlook
Sweden veterinary medicine market, 2018-2030 (US$M)
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Sweden veterinary medicine market highlights
- The Sweden veterinary medicine market generated a revenue of USD 208.2 million in 2023 and is expected to reach USD 383.7 million by 2030.
- The Sweden market is expected to grow at a CAGR of 9.1% 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 208.2 million |
| Market revenue in 2030 | USD 383.7 million |
| Growth rate | 9.1% (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, Sweden accounted for 0.4% 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 |
|---|
Sweden 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% in 2023. Horizon Databook has segmented the Sweden veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
Market growth in the country can be attributed to increasing pet adoption, growing expenditure on animal healthcare, & rising number of veterinary clinics. Pet owners are more likely to take their animals to veterinary hospitals and clinics for treatment, which increases the need for veterinary medicine.
High-quality meat is available owing to stringent regulations. Animal welfare is a fundamental principle of the Swedish meat industry. Hence, such strong focus on animal welfare is expected to contribute to the market growth. In addition, initiatives undertaken by players further boost the country’s market.
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Target buyers of Sweden 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 Sweden veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into Sweden veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Sweden veterinary medicine market size, by product, 2018-2030 (US$M)
Sweden Veterinary Medicine Market Outlook Share, 2023 & 2030 (US$M)
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