Veterinary vaccines market to cross $13.33 billion by 2029

The global market for veterinary vaccines, valued at U.S. $8.93 billion, or about Rs75,900 crore at the then exchange rate, in 2023, will grow at a compounded annual growth rate of 6.1% to reach an impressive U.S. $13.33 billion, or about Rs1.15 lakh crore at the current exchange rate, by 2029, according to a new marketing research report. According to MarketsandMarkets, a research firm and management consultancy headquartered in Delray Beach, Florida, USA, the veterinary...

Revelation Pharma announces new division to serve animals

Revelation Pharma, a USA-wide network of 503A and 503B compounding pharmacies, has announced a new division to serve the health needs of animals. Revelation Animal Health aims to fill a critical gap in the animal health market by providing custom-compounded medications tailored to each animal’s specific needs, the network said in a press release. “By maintaining the personalized care and community focus of a small pharmacy, plus offering the multi-state coverage, fast turnaround times, and...

Purina donates $4.5 million to 3 top veterinary schools

Purina PetCare, veterinary products division of Nestlé, on Monday announced a donation of $4.5 million, or about Rs 38 crore, to three top veterinary schools in the USA on the occasion of International Day of Veterinary Medicine. The aim of the donations is to drive innovation and excellence in pet health and veterinary education over the next five years and beyond, the company said in a press release. Also See: U.K. poll confirms walking your...

Global vet medicine market seen growing to $85 billion by 2031

The global veterinary medicine market, valued at $46.51 billion in 2023, or about Rs3.92 lakh crore at the current exchange rate, is expected to grow at a compounded annual growth rate of 7.77% to reach $85.05 billion, or about Rs7.18 lakh crore, by 2031, according to a new marketing research report. This growth in the vet medicine market is attributed to the rising awareness of animal health and welfare, coupled with increased adoption of companion...

Vet’s suicide raises questions of easy access to deadly drugs

A well-regarded young veterinarian in Winchester, England, took his own life with a drug used to euthanize pets at least partly because he was disturbed by wealthy customers asking him to put down their animals unnecessarily, The Independent newspaper reported. The vet’s suicide has prompted a coroner to warn about the easy access to dangerous drugs in the veterinary profession. The Winchester Coroner’s Court in Hampshire was told John Ellis, 35, tricked a veterinary nurse...

Dechra Pharma to acquire veterinary therapeutics company Invetx

Novo Holdings A/S, an international life sciences investor, has announced that its portfolio company, Invetx, will be acquired by Dechra Pharmaceuticals PLC, an international veterinary pharmaceuticals business, for up to $520 million in total consideration on a cash-free, debt-free basis. Invetx creates novel, protein-based animal health therapeutics to transform standards of care in veterinary medicine. With its best-in-class, fully integrated discovery development and commercial manufacturing platform, Invetx leverages biotechnologies validated for human health to create...

College of Veterinary Medicine dean says best time to be a veterinarian

John Tegzes, MA, VMD, Dipl. ABVT, has taken over as dean of the College of Veterinary Medicine at the Western University of Health Sciences from July 15. Dr Tegzes’s career spans over three decades and encompasses clinical practice, academia, research, and leadership roles. He began his tenure at Western University as associate professor of toxicology for the College of Veterinary Medicine in 2003, the year of the college’s inaugural class. He has also taught toxicology...

Global veterinary diagnostics market seen growing to $5 billion by 2029

With the population of pets and livestock around the world on the rise, the global veterinary diagnostics market is set to witness a boom, according to MarketsandMarkets, recognized by Forbes as one of America’s best management consulting firms. The size of the global market for veterinary diagnostics in revenue terms was estimated at $3.3 billion, or Rs27,390 crore, in 2023. It is poised to rise to $5.0 billion, or Rs41,500 crore, by 2029 at a...

Hitesh Swali, straight-talking vet who believes in keeping it simple

There is no surprise when one meets a veterinarian who says he, or increasingly she, loves animals. Indeed, most people tend to think a veterinarian must necessarily love animals. But Hitesh Swali, well-known practitioner in Bombay’s western suburbs, is not that veterinarian. Dr Swali is a fan of Dr Asthana aka Maamu, the immensely popular character from Rajkumar Hirani’s superhit directorial debut film Munna Bhai M.B.B.S. (2003). Like Dr Asthana, he believes doctors must be...

Market for veterinary APIs seen growing over Rs1.30 lakh crore by 2031

According to a new marketing research report published by Meticulous Research, the market for veterinary active pharmaceutical ingredients is expected to grow at a compounded annual growth rate of 7.7% from 2024 to reach $15.84 billion, or Rs1.31 lakh crore, by 2031. Veterinary active pharmaceutical ingredients refer to the essential compounds used to formulate animal pharmaceuticals/veterinary drugs. These ingredients are the biologically active components responsible for the therapeutic effects in animals when they receive medical...