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Veterinary Antibiotics Global Market Expected to Grow to $2.7 Billion By 2027 | Key Players: Bayer AG, Eli Lilly Company, ElanCo.,Sanofi, Virbac
Veterinary Antibiotics Market
The Business Research Company's Veterinary Antibiotics Global Market Report 2023 identifies the increase in the number of zoonotic diseases is driving the veterinary antibiotics market. Zoonotic diseases are infectious diseases caused by microscopic organisms, infections, and parasites that spread between animals and humans.
The global veterinary antibiotics market size will grow from $1.86 billion in 2022 to $2.02 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. 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 the global veterinary antibiotics is expected to grow to $2.7 billion in 2027 at a CAGR of 7.5%.
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Major players in the veterinary antibiotics market are Bayer AG, Boehringer Ingelheim GmbH, CevaSanteAnimale, Eli Lilly Company, ElanCo., Merck & Co., Sanofi, Virbac, Zoetis, and Crystal Pharma.
The rising threat of antibiotic resistance is a major restraint for the veterinary antibiotics market. Antibiotic resistance in animals refers to the ability of a microbe to withstand the impact of an antibiotic that once successfully treated infections caused by the same type of microbe.
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The Rear-View Mirror market is segmented -
• By Product: Anti-Parasitic, Anti-Bacterial, Non-Steroidal Anti-Inflammatory Drug, Other Products
• By End User: Farm Animals, Companion Animals
• By Administration: Premixes, Injections, Oral Powders, Oral Solutions, Other Administration
• 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.
The Business Research Company's "Global Veterinary Antibiotics 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 Antibiotics Market Include:
1. Executive Summary
2. Veterinary Antibiotics Market Characteristics
3. Veterinary Antibiotics Market Trends And Strategies
4. Veterinary Antibiotics Market - Macro Economic Scenario
5. Veterinary Antibiotics Market Size And Growth
.....
26. Africa Veterinary Antibiotics Market
27. Veterinary Antibiotics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Veterinary Antibiotics Market
29. Veterinary Antibiotics Market Future Outlook and Potential Analysis
30. Appendix
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