Press release
How Veterinary Therapeutics Market Will Dominate In Coming Years? Key Players: Merck Animal Health, Zoetis Inc., Elanco, Merial, Bayer Pharmaceuticals, Bayer, Boehringer Ingelheim, CEVA LogisticsVetoquinol S.A., IDEXX , Virbac
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In 2017, the global market for veterinary therapeutics was valued at US$ 35,005.2 Mn and is projected to reach a value of US$ 54,968.3 Mn by 2025. Furthermore, the report predicts the global market to expand at a CAGR of 5.8% during the forecast period.
Some of the Main Key Players Covered in the Report:
• Merck Animal Health
• Zoetis Inc.
• Elanco
• Merial
• Bayer Pharmaceuticals
• Bayer
• Boehringer Ingelheim
• CEVA LogisticsVetoquinol S.A.
• IDEXX
• Virbac
Veterinary therapeutic drugs are expected to emerge dominant in the global veterinary therapeutics market by 2025. The segment covered a share of 51.1% in the year 2017 in the global market. This is ascribable to the rising use of therapeutic drugs on pets and growing awareness about animal health.
In addition to this, fast approval on new products is also driving the therapeutic drugs segment. However, increasing number of restrictions on the use of antibiotics may offset the segment’s growth. Vaccines are also projected to gain popularity among other veterinary therapeutic products in the upcoming years. The rising need for treating diseases in animals is the major factor driving this segment. Among regions, North America is expected to lead the global veterinary therapeutics market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:Merck Animal Health, Zoetis Inc., Elanco, Merial, Bayer Pharmaceuticals, Bayer, Boehringer Ingelheim, CEVA LogisticsVetoquinol S.A., IDEXX , Virbac
The region market was valued at US$ 11,124.6 Mn in the year 2017. The increasing adoption of veterinary products in this region is likely to create ample growth opportunities for the veterinary therapeutics market until 2025. Besides North America, Asia Pacific is anticipated to show considerable growth in response to growing demand for of vaccines and drugs in the region. Rising livestock population in countries such as China and India will drive the veterinary therapeutics and medicine in Asia Pacific.
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1.Introduction
1.1. ResearchScope
1.2. MarketSegmentation
1.3. ResearchMethodology
1.4. Definitionsand Assumptions
2.Executive Summary
3.Market Dynamics
3.1. MarketDrivers
3.2. MarketRestraints
3.3. MarketOpportunities
4.Key Insights
4.1 PipelineAnalysis
4.2 RegulatoryScenario for Key Countries
4.3 PricingAnalysis
4.4 Key IndustryDevelopments
4.5 Overview ofAnimal Diseases by Key Countries
4.6 Snapshot onthe Novel & Upcoming Therapies
4.7 Overview ofTreatment Plans for Different Animal Diseases
4.8 Overview ofIncidence & Prevalence of Animal Diseases
5.Global Veterinary Therapeutics Market Analysis, Insights and Forecast,2014-2025
5.1. Key Findings/ Summary
5.2. MarketAnalysis, Insights and Forecast – By Product
5.2.1Drugs
5.2.2Vaccines
5.2.3Feed Additives
5.2.4Others
5.3. MarketAnalysis, Insights and Forecast – By Animal Type
5.3.1Companion
5.3.2Livestock
5.4 MarketAnalysis, Insights and Forecast – By Route of Administration
5.4.1Oral
5.4.2Parenteral
5.4.3Topical
5.5. MarketAnalysis, Insights and Forecast – By Distribution Channels
5.5.1Veterinary Hospitals
5.5.2Veterinary Clinics
5.5.3Pharmacies & Drug Stores
5.5.4Others
5.6. MarketAnalysis, Insights and Forecast – By Region
5.6.1North America
5.6.2Europe
5.6.3Asia Pacific
5.6.4Latin America
5.6.5Middle East & Africa
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