Press release
North America Animal Medicine Market Was The Largest Region In The Global Analysis Accounting For 58%
The Business Research Company
The global animal medicine market is expected to decline from $38.9 billion in 2019 to $32.4 billion in 2020 at a compound annual growth rate (CAGR) of -16.8%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $50.3 billion in 2023.
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The animal medicine market consists of sales of animal medicine and related services by entities (organizations, sole traders and partnerships) that produce animal medicine to treat animal diseases. This industry includes establishments that produce veterinary pharmaceuticals such as veterinary vaccines, veterinary antibiotics, and other veterinary pharmaceuticals. It also includes establishments that produce medical feed additives and nutritional feed additives.
Veterinary pharmaceutical producers have started using Stem Cell Therapy as an animal medicine due to its excellent capabilities of healing arthritis or animal injury. Stem Cell Therapy is a process of injecting stem cell into the body of the animal to replace the damaged cells of the body. The injected stem cell is unspecialized and acquires the property of the cell that has to be replaced.
Animal Medicine Market Segmentation: -
By Type
1. Veterinary Pharmaceuticals
2. Feed Additives
By End-User
1. Veterinary Hospitals
2. Pharmacies And Drug Stores
3. Veterinary Clinics
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Animal Medicine Market Characteristics
4. Animal Medicine Market Product Analysis
5. Animal Medicine Market Supply Chain
......
20. Animal Medicine Market Competitive Landscape
21. Key Mergers And Acquisitions In The Animal Medicine Market
22. Market Background: Veterinary Healthcare Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the animal medicine market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the animal medicine market are Zoetis Inc.; Boehringer Ingelheim GmbH; Bayer AG.; Elanco Animal Health (Eli Lilly and Company); Ceva Sant? Animale
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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