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Animal Medicine Market 2022 Analysis By Size, Share, Growth, Trends Up To 2030 | Zoetis, Inc., Boehringer Ingelheim GmbH, Merck & Co., Inc., Elanco Animal Health Incorporated, Ceva Santé Animale
Animal Medicine Market
According to The Business Research Company's Animal Medicine market report, the animal medicine market reached a value of nearly $41,205.29 million in 2020, having increased at a compound annual growth rate (CAGR) of 5.3% since 2015. The global animal medicine market size is expected to grow at a CAGR of 5.7% from 2020 to reach $54,319.10 million in 2025. The global animal medicine market size is expected to reach $72,428.09 million in 2030, at a CAGR of 5.9%.
The increasing penetration of pet insurance is expected to drive the animal medicine market. Globally, the pet insurance market is largely untapped with extremely low penetration rates providing a large market opportunity. In developed economies such as the USA, the pet insurance penetration rate is around 1%, although in Western European countries such as the UK the penetration rate is around 20%. According to North American Pet Health Insurance Association's the State of the Industry (SOI) Report published in May 2021, as of December 2020, 3.45 million pets were insured in North America.
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The Animal Medicine market is segmented -
• By Type : Veterinary Vaccines, Veterinary Antibiotics, Veterinary Parasiticides
• By Type Of Animal : Poultry, Cattle (Dairy And Meat Purposes), Dogs And Cats, Other Companion Animals, Other Farm Animals
• By Type Of Prescription : OTC, Prescription
• By Route Of Administration : Oral, Intravenous, Subcutaneous
• By Distribution Channel : Vet Services, Online
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Animal Medicine market.
Major competitors in the Animal Medicine market include Zoetis, Inc., Boehringer Ingelheim GmbH, Merck & Co., Inc., Elanco Animal Health Incorporated, Ceva Santé Animale
See The Full Animal Medicine Market Report Here:
https://www.thebusinessresearchcompany.com/report/animal-medicine-market
The animal medicine market consists of sales of veterinary medicines and related services by entities (organizations, sole traders, and partnerships) that manufacture veterinary medicines used to treat animal diseases and/or to improve animals' performance and health. The animal medicine industry includes establishments that manufacture veterinary pharmaceuticals such as veterinary vaccines, veterinary antibiotics, and other veterinary pharmaceuticals, and establishments that manufacture medical feed additives and nutritional feed additives.
The Table Of Content For The Animal Medicine Market Include:
1. Animal Medicine Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
25. Key Mergers And Acquisitions In The Animal Medicine Global Market
26. Market Background: Veterinary Healthcare Market
27. Global Animal Medicine Opportunities And Strategies
28. Animal Medicine Market Conclusions And Recommendations
29. Appendix
The Business Research Company's "Global Animal Medicine Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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