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Veterinary Pharmaceuticals market Is Worth To Grow $53,388.7 Million In 2032.
Year End Offer By The Business Research Company - Get 33% Discount On Opportunities And Strategies Reports And 25% Discount On Global Market ReportsThe Business Research Company's latest "Global Veterinary Pharmaceuticals Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 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. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry.
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The global veterinary pharmaceuticals market reached a value of nearly $28,708.5 million in 2022, having grown at a compound annual growth rate (CAGR) of 5.5% since 2017. The market is expected to grow from $28,708.5 million in 2022 to $38,647.4 million in 2027 at a rate of 6.1%. The market is then expected to grow at a CAGR of 6.7% from 2027 and reach $53,388.7 million in 2032.
Veterinary pharmaceuticals or veterinary drugs are drugs that are intended for use in animals in the case of disease or illness. These products achieve their effect through pharmacological actions in the animal's body.
The veterinary pharmaceuticals market consists of sales of veterinary pharmaceuticals by entities (organizations, sole traders, and partnerships) that manufacture veterinary pharmaceuticals (or drugs) used to sedate, treat animal diseases, and/or to improve animals' performance and health. The veterinary pharmaceuticals industry includes establishments that manufacture veterinary pharmaceuticals such as veterinary vaccines, veterinary antibiotics, and other veterinary pharmaceuticals.
Veterinary medicine is a medical specialty concerned with the prevention, control, diagnosis, and treatment of diseases affecting the health of domestic and wild animals and with the prevention of transmission of animal diseases to people. Veterinarians ensure a safe food supply for people by monitoring and maintaining the health of food-producing animals and livestock.
Stem cell therapy is being adopted by veterinarians to treat orthopedic conditions such as osteoarthritis, ligament injuries and tendons in high commercial value species, such as racehorses. Stem cell therapy helps to restore motion and stimulate the regeneration of tendon, ligament and joint tissues by isolating adult stem cells from an animals' fat tissue and re-introducing these cells to reduce pain and inflammation. Some of the companies offering stem cell therapy in the USA include VetStem and MediVet. For instance, in April 2022, Boehringer Ingelheim, a German pharmaceutical company, launched RenuTend™ a stem cell therapy for horses. It improves healing of tendon and suspensory ligament injuries. It is administered intralesionally, targeting fiber alignment and reducing scar tissue formation, enhancing the quality of healing.
Veterinary Pharmaceuticals Market Segmentation:
By Type -
The veterinary pharmaceuticals market is segmented by type into:
a) Veterinary Vaccines
b) Veterinary Antibiotics
c) Veterinary Parasiticides
d) Other Veterinary Pharmaceuticals.
By Route Of Administration -
The veterinary pharmaceuticals market is segmented by route of administration into:
a) Oral
b) Parenteral
c) Topical
d) Other Routes Of Administration.
By Type Of Animal -
The veterinary pharmaceuticals market is segmented by type of animal into:
a) Livestock
b) Companion Animals
By Type Of Vaccine -
The veterinary pharmaceuticals market is segmented by type of vaccine into:
a) Inactivated Vaccines
b) Attenuated Vaccines
c) Recombinant Vaccines
d) Other Vaccines
By End User -
The veterinary pharmaceuticals market is segmented by end user into:
a) Veterinary Hospitals
b) Veterinary Clinics
c) Pharmacies
d) Drug Stores
Some of the key players involved in the Veterinary Pharmaceuticals market are Zoetis Inc., Merck & Co., Inc., Boehringer Ingelheim International GmbH, Elanco Animal Health Incorporated, Ceva Sante Animale.
The regions covered in the global Veterinary Pharmaceuticals market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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A Few Points From The Table Of Content
1. Veterinary Pharmaceuticals Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction to the Veterinary Pharmaceuticals market
……
25. Key Mergers And Acquisitions In The Veterinary Pharmaceuticals Market
26. Market Background: Nursing Care
27. Veterinary Pharmaceuticals Market Opportunities And Strategies
28. Veterinary Pharmaceuticals Market, Conclusions And Recommendations
29. Appendix
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