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Rising Adoption of Pet is creating demand for Veterinary Medicines in the Global Market
Veterinary Medicines Market
Browse 46 market data Tables and 52 figures spread over 215 Pages, along with in-depth analysis on Global Veterinary Medicines Market by Animal Type, Distribution Channel, Route of Administration, Product & by Geography
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market, by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Veterinary Medicines Market Scenario
Veterinary medicines are administered through routes, which include parenteral, topical, and oral. These drugs, medicinal products, or vaccines, are used in livestock and companion animals. Besides, products such as attenuated vaccines, recombinant vaccines, and inactivated vaccines, are also used in treating a range of medical conditions in animals. As per the American Pet Products Association, the total animal healthcare expenditure in the US has risen from $95.7 billion in 2019 to $99.0 billion in 2020. This is majorly attributing the growing demand for veterinary medicines, thereby driving the overall growth of the market.
Moreover, the rise in pet ownership, a surge in livestock population, and prevailing cases of diseases in animals are other factors fueling the global veterinary medicines market. On the other hand, the popularity of veganism and vegetarianism, strict regulations, ill-effects of these medicines on animal health, lack of necessary infrastructure in the underdeveloped economies, and high prices of vaccinations are key restraints majorly challenging the market.
The Global Veterinary Medicines Market report provides data tables and includes charts and graphs for visual analysis.
Request Free Sample Report for Global Veterinary Medicines Market by Animal Type, Distribution Channel, Route of Administration, Product & by Geography: https://www.inkwoodresearch.com/reports/veterinary-medicines-market/#request-free-sample
Market Segmentation
Market by Animal Type
• Livestock Animals
• Companion Animals
Market by Distribution Channel
• Veterinary Hospital Pharmacies
• Retail Veterinary Pharmacies
Market by Route Of Administration
• Oral Route
• Parenteral Route
• Topical Route
Market by Product
• Vaccines
o Inactivated Vaccines
o Attenuated Vaccines
o Recombinant Vaccines
• Drugs
o Anti-Infective
o Anti-Inflammatory
o Parasiticide
• Medicated Feed Additives
o Antibiotics
o Amino Acids
Report Highlights
- The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, regions and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028
Companies Profiled
• INDIAN IMMUNOLOGICALS LIMITED
• CEVA SANTE ANIMALE
• BIOGENESIS BAGO SA
• ZOETIS
• BOEHRINGER INGELHEIM ANIMAL HEALTH GMBH
• EVONIK INDUSTRIES AG (RAG STIFTUNG)
• VETOQUINOL (SOPARFIN SCA)
• VIRBAC SA
• ARCHER DANIELS MIDLAND
• HESTER BIOSCIENCES LIMITED
• ELANCO
• MERCK & CO
• KINDRED BIOSCIENCES
• DECHRA PHARMACEUTICALS PLC
• NEOGEN CORPORATION
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Global animal nutrition market is estimated to grow at a CAGR of 5.94%.
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