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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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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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