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Veterinary Autoimmune Disease Therapeutics Market Outlook 2033
Veterinary Autoimmune Disease Therapeutics
As per the report, the veterinary autoimmune disease therapeutics market size has grown strongly in recent years. It will grow from $3.05 billion in 2023 to $3.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The veterinary autoimmune disease therapeutics market size is expected to see strong growth in the next few years. It will grow to $4.20 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
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Increased Funding Propels Growth In Veterinary Research And Autoimmune Disease Treatments
The increasing funding for research in veterinary medicine is expected to propel the growth of the veterinary autoimmune disease therapeutics market going forward. Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment of diseases, disorders, and injuries in animals. The increased funding for research in veterinary medicine can be attributed to rising zoonotic diseases, the growing pet industry, advances in animal health technology, agricultural demands, and wildlife conservation efforts. Funding for research in veterinary autoimmune disease supports studies on disease mechanisms, diagnostic tools, and treatment options, enhancing veterinary medicine's ability to diagnose and manage these conditions effectively. For instance, in August 2024, according to the National Institute of Food and Agriculture, a US-based department of agriculture announced 20 the Veterinary Service Grants Program (VSGP) with NIFA for investing $3.2 million in rural food animal veterinary medicine in the fiscal year 2022, across the United States. Therefore, the increased funding for research in veterinary medicine is driving the growth of the veterinary autoimmune disease therapeutics market.
Innovations In Canine Autoimmune Disease Research And Treatment
Major companies operating in the veterinary autoimmune disease therapeutics market are focused on developing autoimmune disease research projects to advance treatment options and improve animal health outcomes. Autoimmune disease research projects help therapeutics by uncovering disease mechanisms, leading to the development of more effective and targeted treatments. For instance, in November 2021, Royal Veterinary College, a UK-based institution of veterinary medicine, launched the ImmunoRegistry, a comprehensive research project aimed at improving the understanding and management of autoimmune diseases in dogs. The project involves an observational registry that collects real-time data on dogs diagnosed with autoimmune diseases over one year after diagnosis. The goal is to gather detailed information about the progression of these diseases and the effectiveness of treatments in various breeds of dogs. The registry focuses on four specific autoimmune diseases in dogs such as immune-mediated hemolytic anemia (IMHA), immune thrombocytopenia (ITP), immune-mediated polyarthritis (IMPA), and steroid-responsive meningitis arteritis (SRMA).
The veterinary autoimmune disease therapeutics market covered in this report is segmented -
1) By Therapy Type: Corticosteroids, Azathioprine, Cyclosporine, Mycophenolate, Leflunomide, Cyclophosphamide, Levothyroxine, Folic Acid, Hydroxychloroquine, Chloroquine
2) By Animal Type: Companion Animals, Livestock Animals, Other Animals
3) By Disease: Hypothyroidism, Pemphigus Disease, Canine Lupus, Auto-Immune Haemolytic Anaemia, Bullous Pemphigoid, Discoid Lupus Erythematosus (DLE), Immune-Related Arthritis, Other Diseases
4) By Distribution Channel: Veterinary Hospitals, Veterinary Clinics
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Major companies operating in the veterinary autoimmune disease therapeutics market are Pfizer Inc, Merck & Co Inc, AbbVie Inc., Sanofi S.A., Novartis AG, GlaxoSmithKline, Takeda Pharmaceutical Company, Amgen Inc., Teva Pharmaceuticals Industries Ltd., Zoetis Inc, Boehringer Ingelheim International GmbH, Sumitomo Pharma Co. Ltd., IDEXX Laboratories Inc., Cipla Inc., Mallinckrodt Pharmaceuticals, Virbac S.A, Dechra Pharmaceuticals plc, Neogen Corporation, Vetoquinol S.A., Norbrook Laboratories Limited, Heska Corporation, Bimeda Holdings PLC, Bayer Animal Health Inc, Aratana Therapeutics Inc, Hester Biosciences Limited
Contents of the report:
1. Executive Summary
2. Veterinary Autoimmune Disease Therapeutics Market Report Structure
3. Veterinary Autoimmune Disease Therapeutics Market Trends And Strategies
4. Veterinary Autoimmune Disease Therapeutics Market - Macro Economic Scenario
5. Veterinary Autoimmune Disease Therapeutics Market Size And Growth
…..
27. Veterinary Autoimmune Disease Therapeutics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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