Global Over-The-Counter (OTC) Veterinary Drugs Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Drug Class ;

H2 Receptor Antagonists, Non-steroidal Anti-inflammatory Drug, Artificial Tears, and Others.

By Sales Channels;

Veterinary Hospitals, Veterinary Clinics, Retail Pharmacies, Hypermarkets & Supermarkets, Online Pharmacies, and Veterinary Shops.

By Form;

Topical, Oral, and Injectable.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn664772652 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Over-The-Counter (OTC) Veterinary Drugs Market (USD Million), 2021 - 2031

In the year 2024, the Global Over-The-Counter (OTC) Veterinary Drugs Market was valued at USD 9,623.36 million. The size of this market is expected to increase to USD 16,546.28 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.1%.

The global Over-The-Counter (OTC) veterinary drugs market is witnessing significant growth, driven by increasing pet ownership and the rising trend of pet humanization. As more people consider pets as part of their family, the demand for convenient and accessible healthcare solutions for animals has surged. This trend is particularly strong in developed regions such as North America and Europe, where pet care spending is substantial. Additionally, the growing awareness about animal health and wellness, coupled with the rising incidences of zoonotic diseases, has further propelled the market's expansion. OTC veterinary drugs offer a cost-effective and easily obtainable solution for routine animal health issues, contributing to their popularity.

Moreover, advancements in veterinary medicine and the increasing availability of a wide range of OTC products, including antiparasitics, anti-inflammatories, and dermatological treatments, are fueling market growth. Manufacturers are focusing on developing products that are not only effective but also safe and easy to administer, which is appealing to pet owners. The market is also benefiting from the proliferation of e-commerce platforms, which provide consumers with easy access to a variety of OTC veterinary products. This online retailing trend is particularly advantageous for pet owners in remote areas who may not have easy access to physical veterinary stores.

However, the market faces challenges such as stringent regulatory requirements and the risk of inappropriate use of OTC drugs by pet owners without veterinary guidance. These challenges necessitate the need for better consumer education and clearer guidelines on the use of OTC veterinary products. Despite these hurdles, the market outlook remains positive, with continuous innovations and the expanding reach of veterinary care services expected to drive growth in the coming years. Developing regions, particularly in Asia-Pacific and Latin America, present significant opportunities due to the increasing disposable incomes and growing pet adoption rates in these areas.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Drug Class
    2. Market Snapshot, By Sales Channels
    3. Market Snapshot, By Form
    4. Market Snapshot, By Region
  4. Global Over-The-Counter (OTC) Veterinary Drugs Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Pet Ownership Rates
        2. Technological Advancements in Veterinary Medicine
        3. Increasing Pet Health Awareness
      2. Restraints
        1. Regulatory Hurdles
        2. Misuse Risks Without Veterinary Oversight
        3. Limited Consumer Education
      3. Opportunities
        1. Emerging Markets Expansion
        2. Product Diversification and Innovation
        3. E-commerce Expansion for Accessibility
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Over-The-Counter (OTC) Veterinary Drugs Market, By Drug Class, 2021 - 2031 (USD Million)
      1. H2 Receptor Antagonists
      2. Non-steroidal Anti-inflammatory Drug
      3. Artificial Tears
    2. Global Over-The-Counter (OTC) Veterinary Drugs Market, By Sales Channels, 2021 - 2031 (USD Million)
      1. Veterinary Hospitals
      2. Veterinary Clinics
      3. Retail Pharmacies
      4. Hypermarkets & Supermarkets
      5. Online Pharmacies
      6. Veterinary Shops
    3. Global Over-The-Counter (OTC) Veterinary Drugs Market, By Form, 2021 - 2031 (USD Million)
      1. Topical
      2. Oral
      3. Injectable
    4. Global Over-The-Counter (OTC) Veterinary Drugs Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Zoetis Inc.
      2. Bayer AG
      3. Boehringer Ingelheim International GmbH
      4. Elanco Animal Health
      5. Ceva Santé Animale
      6. Vetoquinol S.A.
      7. Virbac
      8. Merck & Co., Inc. (MSD Animal Health)
      9. Dechra Pharmaceuticals PLC
      10. PetIQ, Inc.
  7. Analyst Views
  8. Future Outlook of the Market