Veterinary Pharmacovigilance Market Analysis: Key Trends, Share, Growth Drivers, And Forecast 2025-2034

LONDON, GREATER LONDON, UNITED KINGDOM, March 4, 2025 /EINPresswire.com/ -- So, What's In Store For The Veterinary Pharmacovigilance Market?
The veterinary pharmacovigilance market has seen remarkable growth in the past, and it's not slowing down. This market, valued at $0.81 billion in 2024, is set to grow to $0.92 billion in 2025, reflecting a CAGR of 13.3%. This historic growth can be credited to a broader consciousness about animal health, expansion in the companion animal population, increased demand for livestock products, broader veterinary services, and a heightened prevalence of zoonotic diseases.

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What Are The Key Drivers Impacting The Veterinary Pharmacovigilance Market Over The Coming Years?
The veterinary pharmacovigilance market is poised to expand rapidly in the years to come, reaching an estimated $1.5 billion by 2029 with a CAGR of 13.1%. The primary drivers for this growth include rising pet ownership and spending, increased veterinary expenditure, a greater emphasis on animal welfare, telemedicine advancements in veterinary services, and a surge in demand for personalized veterinary care.

In addition, the mounting demand for animal health and medicinal products will bolster the market's growth. Animal health and medicinal products, ranging from food and medications to grooming items, ensure the overall health and well-being of pets. This booming demand is backed by rising pet ownership, advancements in veterinary medicine, and the need to boost livestock productivity. Moreover, increased awareness about animal welfare and escalating incidences of animal diseases further propel this surge in demand.

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What Companies Are Leading The Veterinary Pharmacovigilance Market?
Taking the lead in the veterinary pharmacovigilance market are key industry players such as Accenture PLC, Zoetis Inc, Boehringer Ingelheim Animal Health, Elanco Animal Health Incorporated, Covetrus Inc, IDEXX Laboratories, Inc., Ceva Santé Animale, and others. These companies have played a significant role in the market's growth and evolution to date.

So, How Is The Veterinary Pharmacovigilance Market Segmented?
1 Type: In House; Outsourced
2 Solution: Software; Services
3 Product: Biologics; Anti Infectives; Other Products
4 Animal Type: Companion Animals; Livestock Animals; Other Animal Types
5 End User: Veterinary Hospitals; Veterinary Companies; Academic And Research Institutes

Sub-segments include:
1 In House: Internal Pharmacovigilance Departments; In-House Monitoring And Reporting Systems; Veterinary Adverse Event Management Software
2 Outsourced: Third-Party Pharmacovigilance Services; Contract Research Organizations CROs For Pharmacovigilance; Pharmacovigilance Consulting And Support Services

How Is The Veterinary Pharmacovigilance Market Performing Globally?
In 2024, North America was the largest region for the veterinary pharmacovigilance market. However, the Asia-Pacific region is likely to witness the fastest growth rate during the forecast period. This comprehensive veterinary pharmacovigilance market report covers assorted regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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