Veterinary Market SWOT Analysis by 2031
In Veterinary service, various industry activities include operating animal hospitals, animal disease testing, livestock inspecting, testing, performing animal vaccinations, operating veterinary clinics, operating veterinary testing laboratories, and providing veterinary livestock services. Growth in the global veterinary industry is mainly because of increased pet ownership, awareness of animal health issues, demand for animal-related products, and the availability of advanced surgical and diagnostic procedures. There are various technologies involved in veterinary medicine.
MARKET SCOPE
The "Global Veterinary Market Analysis to 2031" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of the veterinary market with detailed market segmentation by animal type, product, mode of delivery, end use, and geography. The report provides key statistics on the market status of the leading veterinary market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on animal type, the global veterinary market is segmented into production and companion. Production is again segmented into poultry, swine, cattle, sheep and goats, fish, and companion is segmented into dogs, cats, horses, others
- On the basis of product, the market is segmented into biologics, pharmaceuticals, medicated feed additives. Biologics is again segmented into vaccine, others
- On the basis of mode of delivery, the market is segmented into oral, parenteral, others (topical, carrier).
- On the basis of end use, the market is segmented into reference laboratories, point-of-care testing/in-house testing, veterinary hospitals and clinics, others.
MARKET DYNAMICS
Drivers
- Rise in the incidences of zoonotic and chronic diseases.
- Growing numbers of pet owners.
- Growing meat consumption rate.
- Technological advancements
Restraints
- The cost of several diagnostic imaging equipment and veterinary medicines is the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The veterinary market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the veterinary market in these regions.
IMPACT OF COVID-19 ON VETERINARY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The veterinary market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the veterinary market in these regions.
IMPACT OF COVID-19 ON VETERINARY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the veterinary market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from veterinary market are anticipated to lucrative growth opportunities in the future with the rising demand for veterinary in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the veterinary market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Merck Animal Health
- Ceva Sante Animale
- Vetoquinol S.A.
- Zoetis
- Boehringer Ingelheim GmbH
- Elanco
- Nutreco N.V.
- Virbac
- Kindred Biosciences, Inc.
- Biogenesis Bago
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Veterinary Market - By Animal Type
1.3.2 Veterinary Market - By Product
1.3.3 Veterinary Market - By Mode of Delivery
1.3.4 Veterinary Market - By End-use
1.3.5 Veterinary Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VETERINARY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. VETERINARY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. VETERINARY MARKET - GLOBAL MARKET ANALYSIS
6.1. VETERINARY - GLOBAL MARKET OVERVIEW
6.2. VETERINARY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. VETERINARY MARKET - REVENUE AND FORECASTS TO 2028 - ANIMAL TYPE
7.1. OVERVIEW
7.2. ANIMAL TYPE MARKET FORECASTS AND ANALYSIS
7.3. PRODUCTION
7.3.1. Overview
7.3.2. Production Market Forecast and Analysis
7.3.3. Poultry Market
7.3.3.1. Overview
7.3.3.2. Poultry Market Forecast and Analysis
7.3.4. Swine Market
7.3.4.1. Overview
7.3.4.2. Swine Market Forecast and Analysis
7.3.5. Cattle Market
7.3.5.1. Overview
7.3.5.2. Cattle Market Forecast and Analysis
7.3.6. Sheep and Goats Market
7.3.6.1. Overview
7.3.6.2. Sheep and Goats Market Forecast and Analysis
7.3.7. Fish Market
7.3.7.1. Overview
7.3.7.2. Fish Market Forecast and Analysis
7.4. COMPANION
7.4.1. Overview
7.4.2. Companion Market Forecast and Analysis
7.4.3. Dogs Market
7.4.3.1. Overview
7.4.3.2. Dogs Market Forecast and Analysis
7.4.4. Cats Market
7.4.4.1. Overview
7.4.4.2. Cats Market Forecast and Analysis
7.4.5. Horses Market
7.4.5.1. Overview
7.4.5.2. Horses Market Forecast and Analysis
7.4.6. Others Market
7.4.6.1. Overview
7.4.6.2. Others Market Forecast and Analysis
8. VETERINARY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. BIOLOGICS
8.3.1. Overview
8.3.2. Biologics Market Forecast and Analysis
8.3.3. Vaccine Market
8.3.3.1. Overview
8.3.3.2. Vaccine Market Forecast and Analysis
8.3.4. Others Market
8.3.4.1. Overview
8.3.4.2. Others Market Forecast and Analysis
8.4. PHARMACEUTICALS
8.4.1. Overview
8.4.2. Pharmaceuticals Market Forecast and Analysis
8.5. MEDICATED FEED ADDITIVES
8.5.1. Overview
8.5.2. Medicated Feed Additives Market Forecast and Analysis
9. VETERINARY MARKET - REVENUE AND FORECASTS TO 2028 - MODE OF DELIVERY
9.1. OVERVIEW
9.2. MODE OF DELIVERY MARKET FORECASTS AND ANALYSIS
9.3. ORAL
9.3.1. Overview
9.3.2. Oral Market Forecast and Analysis
9.4. PARENTERAL
9.4.1. Overview
9.4.2. Parenteral Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. VETERINARY MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
10.1. OVERVIEW
10.2. END-USE MARKET FORECASTS AND ANALYSIS
10.3. REFERENCE LABORATORIES
10.3.1. Overview
10.3.2. Reference Laboratories Market Forecast and Analysis
10.4. POINT-OF-CARE TESTING/IN-HOUSE TESTING
10.4.1. Overview
10.4.2. Point-of-care testing/In-house testing Market Forecast and Analysis
10.5. VETERINARY HOSPITALS AND CLINICS
10.5.1. Overview
10.5.2. Veterinary Hospitals and Clinics Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. VETERINARY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Veterinary Market Overview
11.1.2 North America Veterinary Market Forecasts and Analysis
11.1.3 North America Veterinary Market Forecasts and Analysis - By Animal Type
11.1.4 North America Veterinary Market Forecasts and Analysis - By Product
11.1.5 North America Veterinary Market Forecasts and Analysis - By Mode of Delivery
11.1.6 North America Veterinary Market Forecasts and Analysis - By End-use
11.1.7 North America Veterinary Market Forecasts and Analysis - By Countries
11.1.7.1 United States Veterinary Market
11.1.7.1.1 United States Veterinary Market by Animal Type
11.1.7.1.2 United States Veterinary Market by Product
11.1.7.1.3 United States Veterinary Market by Mode of Delivery
11.1.7.1.4 United States Veterinary Market by End-use
11.1.7.2 Canada Veterinary Market
11.1.7.2.1 Canada Veterinary Market by Animal Type
11.1.7.2.2 Canada Veterinary Market by Product
11.1.7.2.3 Canada Veterinary Market by Mode of Delivery
11.1.7.2.4 Canada Veterinary Market by End-use
11.1.7.3 Mexico Veterinary Market
11.1.7.3.1 Mexico Veterinary Market by Animal Type
11.1.7.3.2 Mexico Veterinary Market by Product
11.1.7.3.3 Mexico Veterinary Market by Mode of Delivery
11.1.7.3.4 Mexico Veterinary Market by End-use
11.2. EUROPE
11.2.1 Europe Veterinary Market Overview
11.2.2 Europe Veterinary Market Forecasts and Analysis
11.2.3 Europe Veterinary Market Forecasts and Analysis - By Animal Type
11.2.4 Europe Veterinary Market Forecasts and Analysis - By Product
11.2.5 Europe Veterinary Market Forecasts and Analysis - By Mode of Delivery
11.2.6 Europe Veterinary Market Forecasts and Analysis - By End-use
11.2.7 Europe Veterinary Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Veterinary Market
11.2.7.1.1 Germany Veterinary Market by Animal Type
11.2.7.1.2 Germany Veterinary Market by Product
11.2.7.1.3 Germany Veterinary Market by Mode of Delivery
11.2.7.1.4 Germany Veterinary Market by End-use
11.2.7.2 France Veterinary Market
11.2.7.2.1 France Veterinary Market by Animal Type
11.2.7.2.2 France Veterinary Market by Product
11.2.7.2.3 France Veterinary Market by Mode of Delivery
11.2.7.2.4 France Veterinary Market by End-use
11.2.7.3 Italy Veterinary Market
11.2.7.3.1 Italy Veterinary Market by Animal Type
11.2.7.3.2 Italy Veterinary Market by Product
11.2.7.3.3 Italy Veterinary Market by Mode of Delivery
11.2.7.3.4 Italy Veterinary Market by End-use
11.2.7.4 Spain Veterinary Market
11.2.7.4.1 Spain Veterinary Market by Animal Type
11.2.7.4.2 Spain Veterinary Market by Product
11.2.7.4.3 Spain Veterinary Market by Mode of Delivery
11.2.7.4.4 Spain Veterinary Market by End-use
11.2.7.5 United Kingdom Veterinary Market
11.2.7.5.1 United Kingdom Veterinary Market by Animal Type
11.2.7.5.2 United Kingdom Veterinary Market by Product
11.2.7.5.3 United Kingdom Veterinary Market by Mode of Delivery
11.2.7.5.4 United Kingdom Veterinary Market by End-use
11.2.7.6 Rest of Europe Veterinary Market
11.2.7.6.1 Rest of Europe Veterinary Market by Animal Type
11.2.7.6.2 Rest of Europe Veterinary Market by Product
11.2.7.6.3 Rest of Europe Veterinary Market by Mode of Delivery
11.2.7.6.4 Rest of Europe Veterinary Market by End-use
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Veterinary Market Overview
11.3.2 Asia-Pacific Veterinary Market Forecasts and Analysis
11.3.3 Asia-Pacific Veterinary Market Forecasts and Analysis - By Animal Type
11.3.4 Asia-Pacific Veterinary Market Forecasts and Analysis - By Product
11.3.5 Asia-Pacific Veterinary Market Forecasts and Analysis - By Mode of Delivery
11.3.6 Asia-Pacific Veterinary Market Forecasts and Analysis - By End-use
11.3.7 Asia-Pacific Veterinary Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Veterinary Market
11.3.7.1.1 Australia Veterinary Market by Animal Type
11.3.7.1.2 Australia Veterinary Market by Product
11.3.7.1.3 Australia Veterinary Market by Mode of Delivery
11.3.7.1.4 Australia Veterinary Market by End-use
11.3.7.2 China Veterinary Market
11.3.7.2.1 China Veterinary Market by Animal Type
11.3.7.2.2 China Veterinary Market by Product
11.3.7.2.3 China Veterinary Market by Mode of Delivery
11.3.7.2.4 China Veterinary Market by End-use
11.3.7.3 India Veterinary Market
11.3.7.3.1 India Veterinary Market by Animal Type
11.3.7.3.2 India Veterinary Market by Product
11.3.7.3.3 India Veterinary Market by Mode of Delivery
11.3.7.3.4 India Veterinary Market by End-use
11.3.7.4 Japan Veterinary Market
11.3.7.4.1 Japan Veterinary Market by Animal Type
11.3.7.4.2 Japan Veterinary Market by Product
11.3.7.4.3 Japan Veterinary Market by Mode of Delivery
11.3.7.4.4 Japan Veterinary Market by End-use
11.3.7.5 South Korea Veterinary Market
11.3.7.5.1 South Korea Veterinary Market by Animal Type
11.3.7.5.2 South Korea Veterinary Market by Product
11.3.7.5.3 South Korea Veterinary Market by Mode of Delivery
11.3.7.5.4 South Korea Veterinary Market by End-use
11.3.7.6 Rest of Asia-Pacific Veterinary Market
11.3.7.6.1 Rest of Asia-Pacific Veterinary Market by Animal Type
11.3.7.6.2 Rest of Asia-Pacific Veterinary Market by Product
11.3.7.6.3 Rest of Asia-Pacific Veterinary Market by Mode of Delivery
11.3.7.6.4 Rest of Asia-Pacific Veterinary Market by End-use
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Veterinary Market Overview
11.4.2 Middle East and Africa Veterinary Market Forecasts and Analysis
11.4.3 Middle East and Africa Veterinary Market Forecasts and Analysis - By Animal Type
11.4.4 Middle East and Africa Veterinary Market Forecasts and Analysis - By Product
11.4.5 Middle East and Africa Veterinary Market Forecasts and Analysis - By Mode of Delivery
11.4.6 Middle East and Africa Veterinary Market Forecasts and Analysis - By End-use
11.4.7 Middle East and Africa Veterinary Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Veterinary Market
11.4.7.1.1 South Africa Veterinary Market by Animal Type
11.4.7.1.2 South Africa Veterinary Market by Product
11.4.7.1.3 South Africa Veterinary Market by Mode of Delivery
11.4.7.1.4 South Africa Veterinary Market by End-use
11.4.7.2 Saudi Arabia Veterinary Market
11.4.7.2.1 Saudi Arabia Veterinary Market by Animal Type
11.4.7.2.2 Saudi Arabia Veterinary Market by Product
11.4.7.2.3 Saudi Arabia Veterinary Market by Mode of Delivery
11.4.7.2.4 Saudi Arabia Veterinary Market by End-use
11.4.7.3 U.A.E Veterinary Market
11.4.7.3.1 U.A.E Veterinary Market by Animal Type
11.4.7.3.2 U.A.E Veterinary Market by Product
11.4.7.3.3 U.A.E Veterinary Market by Mode of Delivery
11.4.7.3.4 U.A.E Veterinary Market by End-use
11.4.7.4 Rest of Middle East and Africa Veterinary Market
11.4.7.4.1 Rest of Middle East and Africa Veterinary Market by Animal Type
11.4.7.4.2 Rest of Middle East and Africa Veterinary Market by Product
11.4.7.4.3 Rest of Middle East and Africa Veterinary Market by Mode of Delivery
11.4.7.4.4 Rest of Middle East and Africa Veterinary Market by End-use
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Veterinary Market Overview
11.5.2 South and Central America Veterinary Market Forecasts and Analysis
11.5.3 South and Central America Veterinary Market Forecasts and Analysis - By Animal Type
11.5.4 South and Central America Veterinary Market Forecasts and Analysis - By Product
11.5.5 South and Central America Veterinary Market Forecasts and Analysis - By Mode of Delivery
11.5.6 South and Central America Veterinary Market Forecasts and Analysis - By End-use
11.5.7 South and Central America Veterinary Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Veterinary Market
11.5.7.1.1 Brazil Veterinary Market by Animal Type
11.5.7.1.2 Brazil Veterinary Market by Product
11.5.7.1.3 Brazil Veterinary Market by Mode of Delivery
11.5.7.1.4 Brazil Veterinary Market by End-use
11.5.7.2 Argentina Veterinary Market
11.5.7.2.1 Argentina Veterinary Market by Animal Type
11.5.7.2.2 Argentina Veterinary Market by Product
11.5.7.2.3 Argentina Veterinary Market by Mode of Delivery
11.5.7.2.4 Argentina Veterinary Market by End-use
11.5.7.3 Rest of South and Central America Veterinary Market
11.5.7.3.1 Rest of South and Central America Veterinary Market by Animal Type
11.5.7.3.2 Rest of South and Central America Veterinary Market by Product
11.5.7.3.3 Rest of South and Central America Veterinary Market by Mode of Delivery
11.5.7.3.4 Rest of South and Central America Veterinary Market by End-use
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL VETERINARY MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. VETERINARY MARKET, KEY COMPANY PROFILES
14.1. MERCK ANIMAL HEALTH
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. CEVA SANTE ANIMALE
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. VETOQUINOL S.A.
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. ZOETIS
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. BOEHRINGER INGELHEIM GMBH
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. ELANCO
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. NUTRECO N.V.
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. VIRBAC
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. KINDRED BIOSCIENCES, INC.
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. BIOGENESIS BAGO
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
* Above given report scope is tentative, and may change during the study process as per the research requirement.
* List of companies provided under ‘Company Profile’ chapter is tentative and may change during the course of the study. This list is customizable as per the client requirements.
* Financial information would be provided only for the public companie
1. Merck Animal Health
2. Ceva Sante Animale
3. Vetoquinol S.A.
4. Zoetis
5. Boehringer Ingelheim GmbH
6. Elanco
7. Nutreco N.V.
8. Virbac
9. Kindred Biosciences, Inc.
10. Biogenesis Bago
11. Indian Immunologicals Ltd.
12. Neogen Corporation
13. Hester Biosciences
14. Philbro Animal Health
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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