Global Veterinary Drugs Market was valued at USD xx million in 2018 and is expected to reach at USD xx million by 2026 at a CAGR of xx% over forecast period 2019-2026.
Increasing awareness towards healthcare and well-being of livestock companion & pets, also introduction of animal immunization policies by the governments and other organizations in many developing nations such as China, India, and Brazil are likely to shift consumers from conventional treatments to advanced veterinary drugs. Additionally, factors such as introduction of cost-effective and efficient veterinary drugs, availability of variety of veterinary drugs for treatment of several diseases, rising drugs preferences by pet and poultry farm owners and increasing demand in research laboratories to deliver more effective drugs for the treatment of severe diseases are creating the opportunities for veterinary drugs market.
However, increasing cost of animal healthcare, growing variety of diseases in animals, lack of awareness in under developed nations, high cost associated with research and development of veterinary drugs are some of the factors likely to hamper the growth of veterinary drugs market in over forecast period.
By Product Veterinary Drugs Market is segmented into Parasiticides, anti-infective, anti-inflammatory and others. Parasiticides segment is expected to lead the market share over forecast period.
By Route of Administration market is segmented into Oral, Parenteral and Topical. Oral segment is expected to exhibit highest market share at a CAGR of xx% over forecast period.
By geography, veterinary drugs market is segmented into North America, APAC, Europe, MEA & Africa and Latin America. Among all of these regions North America is expected to exhibit highest market share at a CAGR of xx% over forecast period. The rate of animal adoption is high in North America as compared to other regions. This, coupled with, the introduction of new animal-related products in the region.
On the other side, Asia Pacific is expected to exhibit a remarkable growth rate over the forecast period. The stringent rules imposed on animal healthcare by governments of nations in this region, coupled with, the involvement of animals in agricultural activities are propelling the veterinary drugs market in the Asia Pacific.
Key players are entering into strategic collaborations, merger & acquisitions, and new product launches in order to increase their footprints and business operations in the market. They are also investing huge money into research and development strategies for the discovery of new drugs to prevent various diseases from occurring in animals.
Some of the players operating in the veterinary drugs market are Bayer AG., Zoetis Animal Healthcare, Virbac S.A. Vetoquinol, Ceva, Vetoquinol S.A., Merial Animal Health, Merck Ltd., Elanco, Intervet Inc., and Boehringer Ingelheim International GmbH.
The objective of the report is to present comprehensive analysis of Veterinary Drugs Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Veterinary Drugs Market dynamics, structure by analysing the market segments, and project the global critical communication market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the make the report investor’s guide.
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Global Veterinary Drugs Market, By Product
Global Veterinary Drugs Market , By Route of Administration
Global Veterinary Drugs Market, By Animal Type
• Companion Animals (dogs, cats, horses, etc.)
• Livestock Animals (cattle, sheep, poultry, etc.)
Global Veterinary Drugs Market, By End-user
• Veterinary Hospitals
• Veterinary Clinics
• Pharmacies and Drug stores
Global Veterinary Drugs Market , By Region
• North America
• MEA& Africa
• Latin America
Global Veterinary Drugs Market ,Major players
• Bayer AG.
• Zoetis Animal Healthcare
• Virbac S.A.
• Vetoquinol S.A.
• Merial Animal Health
• Merck Ltd.
• Boehringer Ingelheim International GmbH
• Elanco Animal Health
• Merck Animal Health
• Zoetis Inc.
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