Global animal medicine market size 2019-2023
The global market size of animal medicine amounted to around 38 billion U.S. dollars in 2019. It was forecasted that the market would expand to 61 billion dollars by 2023, equivalent to a compound annual growth rate (CADR) of approximately 12.5 percent. The veterinary pharmaceutical industry is comprised of segments such as veterinary vaccines, veterinary antibiotics, and veterinary parasiticides.