Veterinary Medicine Market By Animal Type (Companion Animals and Livestock Animals), By Product (Vaccines, and Medicated Feed Additives), By Distribution Channel (Retail Veterinary Pharmacies and Veterinary Hospitals Pharmacies) and Geography  

Veterinary Medicine Market size was valued at USD 29.2 billion in 2022 and is anticipated to grow at a CAGR of 7.4% during the forecast period 2023-2029. Veterinary drugs are used to treat injuries, illnesses, and diseases in animals. Vaccines, veterinary medicines such as antimicrobial drugs, and diagnostic kits are examples of veterinary medicine used to heal animals of pathogens. Furthermore, the medicine can be used for animal health care, surgery, and prevention. Veterinary medicine is used in several medical conditions to treat animals. It contains vaccines, which build immunity in animals against many infections illnesses like respiratory syncytial, influenza and parainfluenza 3. It contains drugs such as parasiticides and Veterinary anti-infective drugs. These drugs are given to animals orally. Furthermore, this medicine is given to different kinds of animals including livestock animals such as poultry, cattle and pigs and companion animals like dogs and cats. The rising number of chronic diseases greatly contributes in driving the global market. A few other factors that are driving the veterinary medicine market are procedural developments, obligatory vaccination, increasing intake of meats and pet adoption.