Veterinary healthcare encompasses the medical attention and services given to animals, primarily domestic pets and farm animals, with the goal of maintaining their health and welfare. It includes a broad range of methods and procedures meant to stop, identify, and cure diseases, wounds, and other health issues that affect animals. As a result, it necessitates actions to keep animals healthy generally and avoid disease, such as routine immunizations, pest management, dental hygiene, dietary guidance, and health examinations. Veterinarians also contribute significantly to the advancement of animal rights by standing out for humane treatment, reporting animal cruelty and neglect, and protecting animals in a range of contexts.
Japan Veterinary Healthcare Market Driving Factors and Challenges
Drivers: The risk of zoonotic illnesses is the main factor driving the need for veterinary care in Japan. Changes are being implemented by the food business and intergovernmental organizations to ensure public health. These include vaccination campaigns, research and development expenditures, and the transfer of veterinary health information. Technological advancements that have improved animal healthcare, increased pet ownership, and increased public awareness of the welfare of animals produced for food are all factors contributing to the growth of the Japanese veterinary healthcare market. Pet personification is a developing trend in which animal caregivers become more invested in their pets' health and welfare.
Challenges: The growth and effectiveness of the Japan Veterinary Healthcare Market are affected by a number of challenges. One major issue is the aging veterinarian population, which leads to a scarcity of qualified experts who can give animals high-quality treatment. Because of the hard nature of the field and the lack of financial incentives, newer generations are less inclined to pursue professions in veterinary medicine, which exacerbates the shortage. In addition, many pet owners find it difficult to afford veterinarian care and prescription drugs, which results in gaps in the healthcare system. Furthermore, Japan's strict laws and licensing requirements can make it more difficult for new veterinary professionals to enter the market and for cutting-edge medical procedures and technological advancements to be adopted.
Impact of COVID-19 on Japan Veterinary Healthcare Market
The COVID-19 pandemic has had an impact on all economic sectors, including Japan's veterinary healthcare industry. It is advised that pet owners keep a safe distance between themselves and their animals in order to preserve hygiene and prevent illness. It has proven to be difficult to transport animal products to markets, such as milk, eggs, and meat. There are now limitations on the seasonal crossings of borders by cattle. During the pandemic, more people adopted pets. A 2020 Japan Pet Food Association survey found that dog and cat ownership increased by 15% from 2019 to 2020.
Japan Veterinary Healthcare Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Boehringer Ingelheim GmbH, Elanco Animal Health Incorporated, FUJIFILM Holdings Corporation, Kyoritsu Seiyaku Corporation (Carus Animal Health), Merck & Co., Inc., NIHON NOHYAKU CO.,LTD., NIPPON ZENYAKU KOGYO CO., LTD., Nisseiken Co., Ltd., Sumitomo Dainippon Pharma Co., Ltd, Virbac, Zoetis Inc.
Japan Veterinary Healthcare Market Segmentation:
By Product: Based on the Product, Japan Veterinary Healthcare Market is segmented as; Therapeutics, Diagnostics.
By Animal Type: Based on the Animal Type, Japan Veterinary Healthcare Market is segmented as; Dogs and Cats, Horses, Ruminants, Swine, Poultry, Others.
By Region: This research also includes data for Eastern Region, Western Region, Northern Region, Southern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.