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Looking at Growing Demand of Veterinary Medicine, Market is Predicted to Achieve Double Digit CAGR by 2023
Veterinary Medicine Market
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Now in modern times, animals have played a crucial role in research, where diseases are studied and drug therapies are developed. Increasing diseases in animals have driven the growth for the market. Government steps towards welfare of domesticated animals and increasing demand for pet animals are the major driving forces in veterinary medicine market. The high buying power and the consolidated nature of the large animal products industry in the U.S. and Europe is likely to drive the market. The rise in the population of companion animals is the largest driver of the market.
The major factors contributing to the growth of the veterinary medicines market include rise in prevalence of infectious diseases among animals, increase in drug preferences by pet and poultry farm owners, and cost-effectiveness of these drugs. Moreover, large number of clinical trials and innovative R&D approaches to develop advanced drugs drive the market growth. However, high cost of animal health care and lack of awareness towards animal health in emerging nations restrain the market growth. Technological advancement such as rise in therapeutical applications and balanced quality products provide various opportunities for market growth.
The veterinary medicine market is segmented into product, dosage form, animal type, end user, and region. On the basis of product, the market is categorized into drug, vaccines, and medicated feed additives. By dosage form, it is classified into oral, parenteral, and topical. According to animal type, it is divided into companion animals and livestock animals. As per end user, it is segmented into veterinary hospitals, veterinary clinics, and pharmacies & drug stores. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
List of players profiled in the report
• Bayer Animal Health
• Ceva Animal Healthcare
• Elanco Animal Health
• Merck Ltd.
• Zoetis Animal Healthcare
• Virbac S.A. Vetoquinol
• Boehringer Ingelheim Vetmedica
• Merial Animal Health
• Vtoquinol S.A.
• Novartis Global
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Table Of Content
Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
Chapter: 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. MARKET SHARE ANALYSIS, 2016
3.4. PORTER’S FIVE FORCES ANALYSIS
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
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