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Veterinary Medicine Market is Seeing Explosive Growth By future Industry Winners: Forecast, 2018-2025

04-08-2019 03:48 PM CET | Health & Medicine

Press release from: Allied Market Research

Veterinary Medicine Market

Veterinary Medicine Market

Veterinary medicine deals with the treatment of animals that are suffering from infectious diseases, injuries, and other ailments. These medicines are used for all class of animals (wild animals and domestic animals).

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.

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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.

Growth of the global veterinary drugs market will correspond directly to the greater spending on companion animals. In addition improved surgical and medical capabilities for companion animals will create growth prospects for the overall market. It is also forecast to gain from recent innovations in the field of surgery for companion animals. Due to such greater emphasis on the health and wellness of our companion animals, their life-span has increased. Veterinarians and owners these days are looking for better nutrition of their four-legged companions, which in turn has expanded the use of veterinary medications and services.

Besides this, the evolution of novel therapeutics aimed at helping companion animals combat and cope with zoonotic diseases will help in growth of the overall market. According to experts, the incidence of various zoonotic and vector-borne diseases is likely to increase in the coming years. With this, the demand for effective veterinary drugs will increase as well. The market is also expected to gain from the increasing meat consumption and the demand for high quality proteins for livestock animals.

The regional analysis of the market comprises of America, Asia Pacific, Europe, and the Middle East & Africa. The Americas region controls the market as it is well developed region and has good animal welfare policies. The Americas devotes huge amount of expenditure in animal welfare and research in the market. The soaring absorption of the major veterinary hospitals in the advanced countries of this region together with good reimbursement rates is fuelling the market growth. The European region is the nextmajor market in the world owing to growing healthcare industry and healthcare penetration. The Asia Pacific region is likely to grow swiftly and China and India are expected to lead this market owing to the fast-rising healthcare sector and huge unmet needs over the forecast period. Rising number of private veterinary clinics and increasing awareness among people regarding animal welfare. Growing NGOs work for welfare of animals and government campaign for welfare of pet animal are key driving forces for the development of market in this region.

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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

Chapter: 4 VETERINARY MEDICINE MARKET, BY PRODUCT
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. DRUGS
4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast
4.2.4. Anti-invectives
4.2.4.1. Market size and forecast
4.2.5. Anti-inflammatory
4.2.5.1. Market size and forecast
4.2.6. Parasiticides
4.2.6.1. Market size and forecast
4.3. VACCINES
4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast
4.3.4. Inactivated Vaccines
4.3.4.1. Market size and forecast
4.3.5. Attenuated Vaccines
4.3.5.1. Market size and forecast
4.3.6. Recombinant Vaccines
4.3.6.1. Market size and forecast
4.4. MEDICATED FEED ADDITIVES
4.4.1. Key market trends
4.4.2. Growth factors and opportunities
4.4.3. Market size and forecast
4.4.4. Amino Acids
4.4.4.1. Market size and forecast
4.4.5. Antibiotics
4.4.5.1. Market size and forecast

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About us

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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