Veterinary Antibiotics Market 2022: Competitive Landscape, SWOT Analysis, Opportunities And Challenges, Growth By 2030
According to The Business Research Company's Veterinary Antibiotics market report, the global veterinary antibiotics market reached a value of nearly $14,688.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 7.5% since 2015. The global veterinary antibiotics market size is expected to grow at a CAGR of 15.6% from 2020 to reach $30,295.9 million in 2025. The global veterinary antibiotics market size is expected to reach $59,560.3 million in 2030, at a CAGR of 14.5%.
The increasing penetration of pet insurance is expected to drive the veterinary antibiotics market in the forecast period. 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%.
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The Veterinary Antibiotics market is segmented -
By Product : Anti-Parasitic, Anti-Bacterial, Non-Steroidal Anti-Inflammatory Drug, Others
By End User : Farm Animals , Companion Animals
By Administration : Premixes, Injections, Oral Powders, Oral Solutions, Others
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Veterinary Antibiotics market.
Major competitors in the Veterinary Antibiotics market include Brookdale Senior Living Inc., Sunrise Senior Living, Atria Senior Living Group, Life Care Centers of America, Erickson Living.
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The veterinary antibiotics market consists of sales of veterinary antibiotics and related services by entities (organizations, sole traders and partnerships) that manufacture veterinary antibiotics. Veterinary antibiotics are drugs that are used to treat infections and diseases in animals caused due to bacteria. Examples of branded veterinary antibiotics include Draxxin (tulathromycin), Apoquel (oclacitinib tablet), and Convenia (cefovecin sodium). The veterinary antibiotics industry includes companies involved in the production of antibiotics used for therapeutic and prophylaxis treatment of animals.
The Table Of Content For The Veterinary Antibiotics Market Include:
1. Veterinary Antibiotics Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
21. Key Mergers And Acquisitions In The Veterinary Antibiotics Market
22. Veterinary Antibiotics Market Future Outlook and Potential Analysis
The Business Research Company's "Global Veterinary Antibiotics 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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