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Asia-Pacific (South Korea, Japan) is Expected to Exhibit fastest Growth Rate of Veterinary Medicines Market.
Veterinary Medicine Market
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ ๐๐จ๐ฎ๐๐ก๐๐ซ: https://www.alliedmarketresearch.com/request-sample/3366
Animals are integral part of human life as humans use them for food, labor, and companionship. In addition, animals suffer from various medical conditions, which require immediate attention and treatment. Products such a drugs, vaccines, and medicated feed additives, which are used in the treatment of animals are defined as veterinary medicines. Moreover, there are different types of drugs used in companion animals and livestock animals. For instance, drugs include anti-infective, anti-inflammatory and parasiticide, which are employed in treatment of conditions such as hookworm and inflammation. In addition, products such as inactivated vaccines, attenuated vaccines, and recombinant vaccines are also employed in the treatment of various medical condition in animals. Furthermore, medicated feed additives such as amino acids and antibiotics are also used for treatment of animals.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ: https://www.alliedmarketresearch.com/purchase-enquiry/3366
The major factors that contribute toward the growth of the veterinary medicine market include rise in number of pet owners and surge in livestock population across the globe. Furthermore, factors such as surge in prevalence of various medical conditions in animals and rise in demand for livestock products also boost growth of the veterinary medicine market. In addition, rise in animal healthcare expenditure is another major factor that fuels market growth. However, lack of veterinary infrastructure facilities in underdeveloped nations and stringent regulations associated with medical feed additives restricts growth of the veterinary medicine market. Conversely, increase in awareness toward animal health offers a lucrative opportunity for the veterinary medicine market.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
โข This report entails a detailed quantitative analysis along with the current global veterinary medicine market trends from 2019 to 2027 to identify the prevailing opportunities along with the strategic assessment.
โข The veterinary medicine market forecast is studied from 2020 to 2027.
โข The veterinary medicine market size and estimations are based on a comprehensive analysis of key developments in the industry.
โข A qualitative analysis based on innovative products facilitates strategic business planning.
โข The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
The global veterinary medicine market is segmented on the basis of product, route of administration, animal type, distribution channels, and region to provide a detailed assessment of the market. By product, the market is divided into drugs, vaccines, and medicated feed additives. The drugs segment is further divided into anti-infective, anti-inflammatory, and parasiticide. In addition, the vaccines segment is divided into inactivated vaccines, attenuated vaccines, and recombinant vaccines. Similarly, the medicated feed additives segment is divided into amino acids and antibiotics. By route of administration, the market is classified into oral route, parenteral route, and topical route. By animal type, it is divided into companion animals, and livestock animals. By distribution channels, it is classified into veterinary hospitals, veterinary clinics, and pharmacies & drug stores. By region, the veterinary medicine market size is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: https://www.alliedmarketresearch.com/request-for-customization/3366
Major players operating in the market include Zoetis, Inc., Merck & Co., Inc. (Intervet International B.V.), Elanco Animal Health, Dechra Pharmaceuticals PLC, Ceva Santรฉ Animale, Virbac., Vetoquinol S.A., Boehringer Ingelheim International GmbH., ADM Animal Nutrition
North America accounted for major share of the veterinary medicine market size, and is expected to continue this trend, owing to surge in number of companion animal owners and easy availability of veterinary medicines. Moreover, other factors such as surge in animal health expenditure also boost growth of the veterinary medicine market in the region. Asia-Pacific is expected to exhibit fastest growth rate, owing to surge in awareness related to use of veterinary medicines. Other factors that boost growth of the market include surge in awareness related to animal health and rise in ownership of companion animals in the region.
๐๐ญ๐ก๐๐ซ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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