Press release
Animal Antibiotics and Antimicrobials Market 2019 by Top Key Player Analysis, Scope, Stake, Progress, Trends and Forecast to 2023
Animal Antibiotics and Antimicrobials Market
Market Outlook
In the Healthcare industry, medicines and antibiotics have always been used to cure bacterial infection. Such medicines are made not just from plant extracts but also from animal extracts.
Currently, the global animal antibiotics and antimicrobials market is expected to grow between the forecast period between 2017 and 2023 with the 4.50% CAGR (Compound Annual Growth Rate). In terms of cash, the market that is worth US $ 3.9 bn in 2017 is expected to be worth US $ 5.2 bn in 2023
This MRFR report presents an nonpartisan analysis of key market trends in the Global Animal Antibiotics and Antimicrobials Market. It includes a detailed discourse on current market status, growth opportunities, historical trends, segmental revenue, and challenges backed by fact-based feedbacks.
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Regional Analysis:
The regional segmentation of the global animal antibiotics and antimicrobials market segments the market into continent-based regional markets known as The Americas (North America & South America), Europe, Asia Pacific, and the Middle East & Africa (MEA).
The Americas always have the potential to be the largest regional market. The factors driving the market growth in this region include the availability of advanced medical facilities, research and investment on the animal-based products for medical uses, and the presence of several key market players in North America.
Europe is another relevant regional market due to the high density of population and the availability of maximum advanced medical facilities after North America. Due to the reasons same as The Americas, Western Europe as a market is greater than Eastern Europe.
Asia Pacific is an untapped market for animal antibiotics and antimicrobials. It can be a great regional market during the forecast period due to the growing demand for improved medical facilities in this region. The strong country-specific markets in this region are Australia, China, India, Japan, and South Korea, followed by the rest of the Asia Pacific region.
The MEA region shows limited market with slow and steady growth. The reasons for the slow market growth in this region are lack of education, lack of awareness, lack of technological development, political instability, poor access to treatment, poor healthcare facilities, and healthcare not considered a priority by most governments..
Key Players:
Bayer Animal Health, Bioniche Animal Health, Ceva Sante Animale S.A., Elanco Animal Health, Fort Dodge Animal Health, Merck Animal Health, Merial, Novartis Animal Health, Phibro Animal Health Corp., Virbac Animal Health, and Zoetis.
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Segmentation:
The global animal antibiotics and antimicrobials market has been segmented on the basis of delivery type, end user type, product type, and region.
Based on delivery type, this market has been segmented into injections, oral powder, oral solutions, premixes, and others.
Regarding the end user types, the market segmentation covers companion animals and food producing animals.
Segmentation based on product type segments the market into aminocoumarins, aminoglycosides, bicyclomycin, cephalosporins, fluoroquinolones, fusidic acid, macrolides, penicillin, phenicols, sulfonamides, and tetracyclines.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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