PRESS RELEASE
Published February 2, 2023
India Veterinary Medicine Industry Outlook:
Veterinary medicine refers to specialized medications that are formulated to prevent, manage, diagnose, and treat diseases that affect the health of household pets, wild animals, and exotic species. They can be classified into several product types, such as drugs, vaccines, medicated feed additives, etc. Veterinary medicine variants aid in performing biomedical research and monitoring animal health in commercial animal husbandry. They even prove highly effective in offering advanced dental, medical, and surgical care, which includes root canals, insulin injections, hip replacements, cataract extractions, etc. As a result, they are in extensive demand among consumers across India.
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India Veterinary Medicine Industry Growth Analysis:
The growing number of pet parents and the rising prevalence of zoonotic diseases, including plague, rabies, toxoplasmosis, leptospirosis, cysticercosis, echinococcosis, Nipah, trypanosomiasis, kyasanur forest disease (KFD), etc., are primarily driving the top Indian veterinary medicine companies . Additionally, the launch of the Livestock Health and Disease Control (LH&DC) scheme by government bodies aimed at effectively tackling the issue of livestock health and disease is acting as another significant growth-inducing factor. Apart from this, the implementation of the National Animal Disease Control Program (NADCP) in the country to control foot and mouth disease (FMD) and brucellosis by vaccinating buffalo, goat, sheep, and pig populations is also positively influencing the market growth.
Moreover, the increasing consumption of meat and dairy products and the development of veterinary hospitals that operate every day to provide extended care to farm and companion animals are further stimulating the market across the country. Besides this, the introduction of online veterinary consultation services for pets across and the escalating adoption of one health (OH) approach, which is gaining significance from veterinarians and healthcare providers, are expected to fuel the top Indian veterinary medicine companies over the forecasted period.
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Top Veterinary Medicine Companies in India:
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Ani Healthcare Pvt Ltd
Establishment: 2007
Headquarters: Haryana, India -
Ashish Life Science Pvt Limited
Establishment: 2002
Headquarters: Maharashtra, India -
Century Pharmaceuticals Ltd.
Established: 1982
Headquarters: Gujrat, India -
GMT Pharma International
Establishment: 2005
Headquarters: Haryana, India -
MarchVET
Establishment: 2017
Headquarters: Maharashtra, India -
SSS Pharmachem Pvt.Ltd
Establishment: 2004
Headquarters: Gujrat, India -
Stanex Drugs and Chemicals Pvt Ltd.
Established: 1995
Headquarters: Telangana, India -
Vetbiochem (India) Private Limited
Establishment: 2007
Headquarters: Pune, India -
Virbac Animal Health India Pvt Ltd (Virbac)
Establishment: 1968
Headquarters: Carros, France -
Zenley
Establishment: 2015
Headquarters: Haryana, India -
Zovix Pharmaceuticals
Headquarters: Haryana, India
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