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Veterinary Anti-Infectives Market Size, Share, Growth, Trends And Industry Forecast 2023-2032
Veterinary Anti-Infectives Market Report
The Business Research Company's Veterinary Anti-Infectives Global Market Report 2023 identifies an increase in pet ownership as the major driver for the veterinary anti-infective market's growth in the forecast period. Pet ownership refers to owning a dog, cat, or other domestic pet at home. Pet are being adopted as increasing number of the young population are considering them as part of their family, some owners are adopting them for their compassion, loyalty and the to prevent loneliness.
The global veterinary anti-infectives market size will grow from $4.64 billion in 2022 to $5.08 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of veterinary anti-infectives is expected to grow to $7 billion in 2027 at a CAGR of 8.3%.
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Major competitors in the veterinary anti-infective market are Bayer AG, Boehringer Ingelheim, Ceva Santé Animale, Elanco Animal Health Incorporated, Zoetis Inc.,
A key trend in the veterinary anti-infective market includes technological advancements. Major companies operating in the market are using advanced technologies to sustain their position in the veterinary anti-infectives market. For instance, in February 2021, Elanco Animal Health Incorporated, a US-based pharmaceutical company that manufactures drugs and vaccinations for pets and livestock launched Increxxa, the newly approved drug for livestock respiratory disease. Increxxa with its key ingredient being tulathromycin is delivered to the livestock in injection and targets the lungs' site of infection swiftly for fast action and a lengthy half-life, providing cattle more time to establish a strong defense. This product is designed for veterinary use and tulathromycin, the active ingredient in Increxxa, helps decrease the negative effects of bovine respiratory disease.
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The veterinary anti-infective market is segmented -
•By Drug Class: Antimicrobial Agents, Antiviral Agents, Antifungal Agents, Other Drug Classes
•By Species Type: Livestock Animals, Companion Animals
•By Mode Of Administration: Oral, Parenteral, Topical
•By Distribution Channel: Veterinary Hospitals, Veterinary Clinics, Pharmacies, Others Distribution Channels
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the veterinary anti-infective market.
The Business Research Company's "Global Veterinary Anti-Infectives Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Veterinary Anti-Infectives Market Include:
1. Executive Summary
2. Veterinary Anti-infectives Market Characteristics
3. Veterinary Anti-infectives Market Trends And Strategies
4. Veterinary Anti-infectives Market - Macro Economic Scenario
5. Veterinary Anti-infectives Market Size And Growth
……
26. Africa Veterinary Anti-infectives Market
27. Veterinary Anti-infectives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Veterinary Anti-infectives Market
29. Veterinary Anti-infectives Market Future Outlook and Potential Analysis
30. Appendix
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