Thailand Veterinary Medicine Market Size & Outlook
Global Market
Related Markets
Thailand veterinary medicine market highlights
- The Thailand veterinary medicine market generated a revenue of USD 428.8 million in 2025 and is expected to reach USD 992.2 million by 2033.
- The Thailand market is expected to grow at a CAGR of 11.2% from 2026 to 2033.
- In terms of segment, pharmaceuticals was the largest revenue generating product in 2025.
- Biologics is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary medicine market data book summary
| Market revenue in 2025 | USD 428.8 million |
| Market revenue in 2033 | USD 992.2 million |
| Growth rate | 11.2% (CAGR from 2026 to 2033) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Biologics |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics, Pharmaceuticals, Medicated Feed Additives |
| Key market players worldwide | Zoetis Inc Class A, Boehringer Ingelheim, Merck & Co Inc, Elanco Animal Health Inc, Dechra Pharmaceuticals, Ceva Santé Animale, Phibro Animal Health Corp Class A, Virbac SA, Bimeda Ireland, Biogenesis Bago |
Other key industry trends
- In terms of revenue, Thailand accounted for 0.8% of the global veterinary medicine market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China veterinary medicine market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,239.4 million by 2033.
Thailand veterinary medicine market is anticipated to grow over the forecast period owing to rising incidence of disease outbreaks. For instance, in 2022, the World Organization for Animal Health Thailand reported around 110 Foot and Mouth Disease (FMD) outbreaks, which mostly affected cattle and buffaloes.
Hence, the rising occurrence and outbreaks of such diseases is impelling the need for veterinary medicines. Such factors are expected to drive market growth in the country. In addition, in 2022, as per the National Center for Biotechnology Information, Lumpy Skin Disease (LSD) was one of the emerging viral diseases, and during the years 2021 & 2022, numerous outbreaks of LSD were noted in Thailand.
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Publish Date: Apr 06, 2026
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Veterinary Medicine Market Scope
Veterinary Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Zoetis Inc Class A | View profile | 14,100 | 10 Sylvan Way, Parsippany, NJ, United States, 07054 | www.zoetis.com |
| Virbac SA | View profile | 5,400 | 2065m LID, 1 ere avenue, Carros, France, 06516 | www.virbac.com |
| Merck & Co Inc | View profile | 72,000 | 126 East Lincoln Avenue, Rahway, NJ, United States, 07065 | www.merck.com |
| Elanco Animal Health Inc | View profile | 9,800 | 2500 Innovation Way, Greenfield, IN, United States, 46140 | www.elanco.com |
| Boehringer Ingelheim | View profile | 10001+ | Ingelheim Am Rhein, Rheinland-Pfalz, Germany, Europe | www.boehringer-ingelheim.com/ |
| Dechra Pharmaceuticals | View profile | 501-1000 | Northwich, Cheshire, United Kingdom, Europe | www.dechra.com |
| Ceva Santé Animale | View profile | 5001-10000 | Libourne, Aquitaine, France, Europe | www.ceva.us |
| Phibro Animal Health Corp Class A | View profile | 1,920 | 300 Frank W. Burr Boulevard, Suite 21, 3rd Floor, Glenpointe Centre East, Teaneck, NJ, United States, 07666-6712 | www.pahc.com |
| Biogenesis Bago | View profile | 501-1000 | Garín, Buenos Aires, Argentina, South America | www.biogenesisbago.com/en/ |
| Bimeda Ireland | View profile | 1001-5000 | Tallaght, Dublin, Ireland, Europe | www.bimeda.ie/ |
Thailand Veterinary Medicine Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Veterinary Medicine Market Outlook will help companies and investors design strategic landscapes.
Pharmaceuticals was the largest segment with a revenue share of 64.93% in 2025.
Horizon Databook has segmented the Thailand veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2021 to 2033.
Thailand veterinary medicine market is anticipated to grow over the forecast period owing to rising incidence of disease outbreaks. For instance, in 2022, the World Organization for Animal Health Thailand reported around 110 Foot and Mouth Disease (FMD) outbreaks, which mostly affected cattle and buffaloes.
Hence, the rising occurrence and outbreaks of such diseases is impelling the need for veterinary medicines. Such factors are expected to drive market growth in the country. In addition, in 2022, as per the National Center for Biotechnology Information, Lumpy Skin Disease (LSD) was one of the emerging viral diseases, and during the years 2021 & 2022, numerous outbreaks of LSD were noted in Thailand.
- Thailand Veterinary Medicine Market Product Outlook (Revenue, USD Million , 2021-2033)
- Biologics
- Pharmaceuticals
- Medicated Feed Additives
- Thailand Veterinary Medicine Market Animal Type Outlook (Revenue, USD Million , 2021-2033)
- Companion Animals
- Production Animals
- Thailand Veterinary Medicine Market Route of Administration Outlook (Revenue, USD Million , 2021-2033)
- Oral
- Other Routes
- Injectable
- Topical
- Thailand Veterinary Medicine Market Distribution Channel Outlook (Revenue, USD Million , 2021-2033)
- E-commerce
- Offline Retail Stores
- Others
- Veterinary Hospitals & Clinics
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand Veterinary Medicine Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Thailand Veterinary Medicine Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Thailand Veterinary Medicine Market, 2021-2033 (US$M)
Thailand veterinary medicine market statistics, by product, 2021-2033 (US$M)
