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Yahoo
22-05-2025
- Health
- Yahoo
UK Veterinary Medicine Market Trends Analysis and Growth Forecasts Report 2025-2030: Pet and Livestock Health Initiatives, Preventive Care and Vaccinations Spur Surge in Demand
The UK Veterinary Medicine Market is projected to grow from USD 2.64 Billion in 2024 to USD 4.08 Billion by 2030, at a CAGR of 7.80%. Key growth drivers include increasing pet ownership, government initiatives, and a rise in livestock population. Discover insights on market trends, competitive landscape, and future opportunities. UK Veterinary Medicine Market Dublin, May 22, 2025 (GLOBE NEWSWIRE) -- The "UK Veterinary Medicine Market Size, Share & Trends Analysis Report by Product (Biologics, Pharmaceutical), Animal Type (Production, Companion), Route of Administration, Distribution Channel, with Growth Forecasts, 2025-2030" report has been added to UK Veterinary Medicine Market was valued at USD 2.64 Billion in 2024, and is projected to reach USD 4.08 Billion by 2030, rising at a CAGR of 7.80% This growth can be attributed to the novel product development in veterinary medicine, the rise in livestock population and increasing pet ownership rates, and the increasing government initiatives to spread awareness about animal health. There is an increasing trend of pet adoption in the country, particularly influenced by the increasing ownership of smaller pets. According to the UK Pet Food 2024 stats, the pet dog population is estimated to be around 13.5 million, which accounts for around 36% of the households in the country owning a dog. Similarly, the pet cat population is estimated to be around 12.5 million, which accounts for around 29% of the households in the country owning a cat. This surge in pet ownership has led to greater consumer spending on veterinary medicines as pet owners are increasingly prioritizing their pets' health, resulting in higher expenditures on veterinary care, medications, and preventive treatments. As pet owners become more aware of the long-term health implications and necessary care for their pets, the demand for veterinary medicine in the country is further anticipated to addition, the increasing efforts by government and private bodies through various partnerships and initiatives to increase awareness about animal health among pet and cattle owners are further contributing to the market growth. For instance, The Animal Health and Welfare Pathway, launched in 2023, aims to enhance farm animal health and welfare in the UK through collaboration among farmers, veterinarians, and the industry. This initiative is part of the Agricultural Transition Plan, focusing on improving biosecurity, tackling antimicrobial resistance, and reducing greenhouse gas emissions from support for farmers is one of the major focuses of the pathway, offering funding for veterinary consultations, capital investments, and disease control programs. This includes grants for infrastructure improvements and initiatives to enhance stockmanship through training. The pathway also aims to stimulate market demand for higher welfare products by improving transparency and ensuring fair pricing for zoonotic diseases, which can be transmitted from animals to humans, have gained significant attention due to their potential impact on public health. This awareness drives pet owners and livestock farmers to seek preventive care and vaccinations for their animals, thereby boosting the demand for veterinary medication. Similarly, in agriculture, changing practices aimed at improving animal welfare and productivity are driving demand for veterinary interventions as farmers are increasingly adopting biosecurity measures to prevent disease outbreaks within livestock populations, thereby contributing to segment Veterinary Medicine Market Report Highlights The pharmaceutical segment accounted for the largest revenue share of 67.5% in 2024 due to its wide range of clinically approved drugs that effectively treat and prevent various animal diseases. The production animal segment dominated the market with the largest revenue share of over 58% in 2024, as livestock health is directly tied to food safety, productivity, and economic returns for farmers. The injectables segment dominated the market, with a revenue share of over 44% in 2024 due to their rapid action, high bioavailability, and effectiveness in treating a wide range of conditions. The veterinary hospitals and clinics segment dominated the market with the largest share of over 40% in 2024. Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $2.64 Billion Forecasted Market Value (USD) by 2030 $4.08 Billion Compound Annual Growth Rate 7.8% Regions Covered United Kingdom UK Veterinary Medicine Market Variables, Trends & Scope Market Lineage Outlook Parent market outlook Related/ancillary market outlook Market driver analysis Rise in livestock population and increasing pet ownership rates Novel product development in veterinary medicine Increasing prevalence of animal diseases Strategic initiatives by key players Market restraint analysis Regulatory Challenges UK Veterinary Medicine Market Analysis Tools Industry Analysis - Porter's PESTEL Analysis Estimated Animal Population by Key Species, 2018-2024 Regulatory Framework Product Pipeline Analysis Pricing Analysis Company Profiles Boehringer Ingelheim International GmbH. Norbrook Merck & Co., Inc. Elanco Bimeda, Inc. Zoetis UK Limited. Ceva BioZyme, Inc. Phibro Animal Health Corporation Dechra (EQT) For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment UK Veterinary Medicine Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Qatar Tribune
20-05-2025
- Business
- Qatar Tribune
Qatar, Benin sign six pacts to bolster ties
QNA Doha The State of Qatar and the Republic of Benin on Tuesday signed six joint cooperation agreements and Memoranda of Understanding (MoUs), on the sidelines of the working visit of HE President of the Republic of Benin Patrice Talon to the country. The signed agreements and MoUs include: An agreement to exempt both countries' diplomatic and special passport holders from visa requirements, an MoU to establish a mechanism for political and diplomatic consultations, an MoU between Qatar's Ministry of Municipality and Benin's Ministry of Agriculture, Livestock, and Fisheries to cooperate in the fields of agriculture and food security, a cooperation agreement in the fields of education, higher education, and scientific research and an MoU on the mutual recognition of seafarers' certificates, along with an MoU to cooperate in tourism and business 15
Business Recorder
20-05-2025
- Business
- Business Recorder
Cattle market: sudden burst of activity in Karachi
KARACHI: With Eid-ul-Adha just 18 days away, the Northern Bypass Cattle Market has turned busier, with the total number of livestock exceeding 70,000. Member of the Sindh Assembly and Parliamentary Secretary for Livestock, Fisheries & Katchi Abadis, Muhammad Asif Khan, visited the market praised the security and arrangements made by the Sindh government. Senior Vice President of PML-N Sindh, Raja Khaleeq uz Zaman Ansari, also visited the market and praised its arrangements. However, trader community leader Jameel Paracha expressed his satisfaction with the arrangements, saying, 'People are visiting with their families even in the late hours of the night, which reflects the secure and well-managed environment here.' Administrator Faisal Ali expressed gratitude for the visit of the guests. The cattle traders have arrived from Rajanpur, Rahim Yar Khan, Naushero Feroze, and Karachi's farmhouses. Copyright Business Recorder, 2025
Business Recorder
20-05-2025
- Business
- Business Recorder
Cattle market: sudden burst of activity
KARACHI: With Eid-ul-Adha just 18 days away, the Northern Bypass Cattle Market has turned busier, with the total number of livestock exceeding 70,000. Member of the Sindh Assembly and Parliamentary Secretary for Livestock, Fisheries & Katchi Abadis, Muhammad Asif Khan, visited the market praised the security and arrangements made by the Sindh government. Senior Vice President of PML-N Sindh, Raja Khaleeq uz Zaman Ansari, also visited the market and praised its arrangements. However, trader community leader Jameel Paracha expressed his satisfaction with the arrangements, saying, 'People are visiting with their families even in the late hours of the night, which reflects the secure and well-managed environment here.' Administrator Faisal Ali expressed gratitude for the visit of the guests. The cattle traders have arrived from Rajanpur, Rahim Yar Khan, Naushero Feroze, and Karachi's farmhouses. Copyright Business Recorder, 2025
Business Recorder
01-05-2025
- Business
- Business Recorder
Punjab proposes Rs12bn for CM's livestock programme
LAHORE: The Punjab Livestock and Dairy Development Department (L&DDD) has proposed a budgetary allocation of approximately Rs 12 billion for three major initiatives under the chief minister's livestock programme. These initiatives include herd transformation to enhance livestock productivity, a new internship programme within the livestock department and the establishment of a foot-and-mouth disease (FMD) free zone with vaccination in district Bahawalnagar. These projects will be launched following formal approval by Punjab Chief Minister Maryam Nawaz Sharif from next fiscal. This was revealed during a high-level meeting of the Livestock Department where discussions covered the Livestock Card scheme, distribution of livestock assets among rural women, and proposals for upcoming projects. Secretary Livestock Punjab, Saqib Ali Ateel also attended the meeting. Addressing the meeting, Punjab Minister for Livestock Syed Ashiq Hussain Kirmani stated that livestock farmers who have availed loans under the 'livestock farmer card' scheme will qualify for the next phase provided they repay their current loans within the designated timeframe of April 15 to May 15. He added that significant funding is being earmarked in the upcoming fiscal year's budget for livestock sector development projects. These initiatives aim to uplift livestock farmers economically and improve overall sector performance. The Minister further announced that Phase II of the livestock card initiative will run for six months, during which 300,000 animals will be distributed to farmers. Applications will be accepted from May 15 to June 15, and the Urban Unit will carry out physical verifications between June 9 and July 10. The first instalment of loans under Phase II will be disbursed starting July 15, and all newly distributed animals will be tagged for tracking purposes. He also confirmed that, under Phase I, 5,500 animals have already been distributed among rural women across 12 districts of South Punjab. Minister Kirmani also highlighted the launch of the Punjab Livestock CONNECT App, which will serve stakeholders including slaughterhouses, meat exporters, fattening farms, and farmers under the livestock card scheme. Through the app, users can submit complaints, access information on livestock financing and diseases, and provide feedback. He stressed that livestock divisional and district directors, along with additional directors, must update the app's data every three months - warning that any negligence in this duty will not be tolerated. The meeting was also attended by Additional Secretary Livestock Usman Tahir, Directors General of Extension, Production, and Research (Livestock), along with representatives from the Bank of Punjab, Punjab Information Technology Board (PITB), and Urban Unit. Divisional Directors from South Punjab participated via video link. Copyright Business Recorder, 2025
