openPR Logo
Press release

Animal Drugs Market | Cumulative Growth by Top Players Bayer, Virbac, Dechra Pharmaceuticals, Ceva Santé Animale, Elanco and Merck

04-14-2020 04:14 PM CET | Health & Medicine

Press release from: Global market insights

Animal Drugs Market

Animal Drugs Market

North America animal drugs market accounted for more than 37% of the overall market revenue share back in 2018. The region is also projected to witness lucrative growth through 2025. This growth can be credited to the rising focus of regional organizations on new drug development to treat several chronic diseases found in animals.

Based on Global Market Insights, Inc., estimates, the animal drugs market size is set to exceed $41 billion by 2025 with achieve over 4.9% CAGR. The animal drugs market share is expected to depict a major rise owing to the introduction of a variety of novel and innovative animal drugs. Increasing focus of several veterinary pharmaceutical firms towards the development of novel, effective healthcare and pharmaceutical products for livestock as well as other companion animals is likely to push the market share.

In addition, global firms are also actively involved in spreading awareness about the integrality of animal drugs to proliferate their adoption across the world. Citing an example, Merck Animal Health, in May 2019, unveiled BRAVECTO Cares, a company-sponsored educational campaign highlighting the role that service dogs fulfil and the significance of keeping their health good by keeping them safe from fleas and ticks.

Likewise, growing investments in R&D activities are further expected to accelerate animal drugs market outlook.

Request for a sample of this research report @

Top Companies like Virbac, Dechra Pharmaceuticals, Ceva Santé Animale, Zoetis, Boehringer Ingelheim, Bayer, Elanco and Merck are some of the notable industry players.

Demand for veterinary drugs to drive product segment expansion over the forecast time period
With respect to product segment, the animal drugs market is bifurcated into medicated feed additives, vaccines, and drugs. Among these, drugs are anticipated to witness momentous growth during the forthcoming timeframe.

Furthermore, the government also registers animal drugs to protect health of people who consume food of animal origin. Since, the animal drugs are essential to prevent and control disease in companion and livestock animals, the segment would witness heavy growth in the market.
Improvement in drugs for livestock animals showing enhanced applicability
The livestock animal segment has been projected to witness a growth of more than 4.5% throughout the projected timeframe. Improvements in drugs for livestock animals have also shown their improved applicability to address various health problems, thereby encouraging the segment growth.

Animal healthcare has not yet developed across middle-income group countries, who can help keep good livestock animals health without the use of veterinary drugs. Meanwhile, significant advancements have been carried out when it comes to effective usage of animal drugs in the U.S. and Europe.

Emphasis of injectable segment as the most efficient means of delivering therapy to animals
The injectable segment, in 2018, was valued for around $13 billion and is projected to witness numerous growth opportunities over the forecast time period. Injectable drug administration route is considered to be the most efficient way of facilitating therapy to animals since it completely removes the solute absorption need in animals.
The injectable route directly administers the medicine into the system circulation. Substances get absorbed directly into the animal's blood vessels on chronic or acute basis, thus leading to segmental growth in the market with the help of the convenience factor.

Browse Report Summary @

Impact of veterinary hospitals on animal drugs market
In 2018, veterinary hospitals segment was estimated to be valued at over $11.2 billion. The segment is further anticipated to grow significantly over the analysis period. These hospitals facilitate numerous insurance plans with several coverage schemes designed specifically for providing better treatment options to the animals.
In addition, factors such as early disease detection, corrective health treatments, cost-effective and preventive healthcare, quality treatment would foster the distribution channel segment growth in the market.

More insightful info:

Growth of veterinary hospitals across developing nations would also be a key factor augmenting the animal drug distribution in veterinary hospitals.

Effects of growing demand in North American region
Along with novel drug development, a robust network of veterinary hospitals, drug stores and clinics, would further push the market share in the region. Furthermore, increasing adoption of pets and growing concerns among pet owners regarding the health of their pets would proliferate the market share further.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Animal Drugs Market | Cumulative Growth by Top Players Bayer, Virbac, Dechra Pharmaceuticals, Ceva Santé Animale, Elanco and Merck here

News-ID: 2010368 • Views: 250

More Releases from Global market insights

Metalworking fluids market poised to gain impetus from aerospace sector
Metalworking fluids have been playing an invaluable role in a range of metalworking processes across applications, such as milling, forming, turning and grinding. The innate ability of metalworking fluids (MWF) to lubricate helps reduce loads for tools, machine tools and workpieces. Metal working fluids have become popular as coolants, chip removers, and lubricants at the time of machine operations. Several manufacturers are using MWFs to boost durability of machine tools and…
Graphene Market 2023: Industry Demand, Growth, Analysis & Forecast
According to a report published by Global Market Insights Inc., the global graphene market size was estimated to be worth $35 million in 2018 and is expected to hit $406 million by 2026, registering an annual compound growth rate over 35% from 2019 to 2025. The report offers a comprehensive analysis of the key investment pockets, market size & estimations, drivers & opportunities, top winning strategies, market trends, and competitive…
Bitumen Market Report 2018 and Future Opportunity Assessment 2025
Bitumen Market share is expected to cross USD 112 billion by 2025; according to a new research report by Global Market Insights, Inc. In construction sector, bitumen is among the major raw materials used in manufacturing water tanks, dams and bridges since it provides high viscosity, stickiness and water resistance to the structure. The escalating number of property renovation projects and modern construction systems especially in North America & Europe having…
Hydrogen peroxide market Research 2022: Region Wise Analysis of Top Players in M …
Hydrogen Peroxide Market size was USD 3.89 billion in 2015 and is forecast to grow at more than 5% by 2024; according to a new research report by Global Market Insights, Inc. Rising paper & pulp industry is expected to be the major driver for global hydrogen peroxide market size in the upcoming years. Applications for brightening of deinked papers will favor industry demand, global paper & pulp industry was worth…

All 5 Releases

More Releases for Animal

Farm Animal Healthcare Market
The report "Global Farm Animal Healthcare Market, By Product (Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, and Other Therapeutics), By Animal Type (Cattle, Swine, Poultry, Aquaculture, Sheep, and Other Farm Animals), and Region - Global Forecast to 2029". Global Farm Animal Healthcare market is projected to grow from US $15.6 Billion in 2019 to US$ XX Million by 2029. Rising incidence of food-borne zoonotic diseases is the major factor driving the…
Animal Model Market trends, Animal Model Market growth, Animal Model Market size …
Key Findings of Animal Model Market Developing Regions to Overpower Developed Ones With Regard to Demand The Asian territory is on the verge of evolving as the next big destination for animal models. This growth can be attributed to various factors such as American and European pharmaceutical companies diversifying their research activities to curtail extra expenses and save costs. Although U.S and Europe have retained their legacy in the global market, their…
Animal Parasiticides Market
Animal Parasiticides Market size is set to reach USD 6.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Rising incidences of zoonotic diseases coupled with increasing industrial animal farming will serve as high impact rendering factors for the global animal parasiticides market. Favorable government initiatives should elevate the global animal parasiticide market due to the activities concerning animal welfare activities, resulting in substantial demand for…
Advanced Animal Ventilator Market
The Global and China Advanced Animal Ventilator Market Research Report Forecast 2017-2021 is a valuable source of insightful data for business strategists. It provides the Advanced Animal Ventilator industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Advanced Animal Ventilator market study provides comprehensive data which…
Animal Pharm Antibiotics in Animal Production 2016
ReportsWorldwide has announced the addition of a new report title Animal Pharm Antibiotics in Animal Production 2016 to its growing collection of premium market research reports. The global market size for antibiotics use in animal production is large and consumption is projected to reach 105 596 tonnes by 2030. However, extensive evidence now reveals the contribution that antibiotic use has made to the development of antibiotic resistance and its resultant consequences…
Animal Pharm: Generics
ReportsWorldwide has announced the addition of a new report title Animal Pharm: Generics to its growing collection of premium market research reports. In 2015, the global animal health market was worth an estimated $30bn. This new thoroughly revised and updated Animal Pharm Generics report focuses primarily on the European and North American markets that comprise around 67% of the global market for animal health products. Also fully reviewed are the EU…