Press release
Global Veterinary Autoimmune Disease Therapeutics Market Projected to Surpass $4.48 Billion by 2029 with 6.6% Annual Growth
Veterinary Autoimmune Disease Therapeutics Market Size
In recent years, the market size for therapeutics in the veterinary autoimmune disease sector has seen considerable growth. It's projected to continue this upward trend, increasing from $3.25 billion in 2024 to $3.47 billion in 2025, resulting in a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this historic growth include advancements in immunology, a higher prevalence of pet ownership, enhanced diagnostic techniques, emergence of novel drug categories, and heightened consciousness of pet health issues._x000D_
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Strong expansion is anticipated in the veterinary autoimmune disease therapeutics market over the coming years, with projections estimating it will increase to $4.48 billion by 2029, achieving a compound annual growth rate (CAGR) of 6.6%. This predicted growth over the period is driven by factors such as enhancements in biotechnology, increased funding for veterinary healthcare, a rise in the incidence of autoimmune diseases in pets, the creation of new therapeutics, and a higher uptake of pet insurance. Foreseen trends during this forecasted period involve personalized medicine, the implementation of biologics, the adoption of telemedicine, use of regenerative therapies, and a shift towards more holistic and integrative treatments._x000D_
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What Is Contributing to the Growth of the Veterinary Autoimmune Disease Therapeutics Market?_x000D_
The growth of the veterinary autoimmune disease therapeutics market is anticipated to be fueled by the escalating funding for research in veterinary medicine. Veterinary medicine, a medical branch that focuses on the prevention, diagnosis, and treatment of diseases, disorders, and injuries in animals, has seen a surge in research funding. This surge can be linked to the rising instances of zoonotic diseases, the expanding pet industry, advancements in animal health technology, agricultural needs, and endeavors to conserve wildlife. The funding aids studies regarding disease mechanisms, diagnostic tools, and treatment alternatives, thus improving the capacity of veterinary medicine to effectively diagnose and treat these conditions. For example, the National Institute of Food and Agriculture announced 20 the Veterinary Service Grants Program (VSGP) in August 2024. This US-based department of agriculture pledged to invest $3.2 million in rural food animal veterinary medicine in the fiscal year 2022, covering the entirety of the United States. Hence, the growing support for research in veterinary medicine is stimulating the expansion of the veterinary autoimmune disease therapeutics market._x000D_
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Which Key Market Leaders Are Driving Veterinary Autoimmune Disease Therapeutics Industry Growth?_x000D_
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_x000D_
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What Are the Emerging Trends in the Veterinary Autoimmune Disease Therapeutics Industry?_x000D_
Leading firms in the veterinary autoimmune disease therapeutics market are concentrating their efforts on the creation of technologically superior solutions, such as those provided by RenBiologics, in response to numerous serious industry demands. RenBiologics is committed to developing groundbreaking treatments for renal diseases and other chronic conditions, with a strong emphasis on biologicals and regenerative medicine to enhance results in concerns such as kidney function and transplant success. For example, in January 2024, the China-based biotech firm, Biocytogen, introduced a new division, RenBiologics, to concentrate on the out-licensing of completely human antibodies for therapeutic development. This move is designed to utilize Biocytogen's extensive catalog of over 400,000 completely human antibody sequences, produced through its exclusive RenMice platforms. RenBiologics is set to enable partnerships with pharma and biotech companies for the combined development and licensing of these antibodies, thereby increasing the likelihood for innovative antibody-based treatments. This introduction signifies Biocytogen's dedication to becoming a worldwide asset in the discovery of antibodies with the aim of fast-tracking the development of novel therapies in multiple therapeutic fields._x000D_
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What Are the Main Segments in the Veterinary Autoimmune Disease Therapeutics Market?_x000D_
The veterinary autoimmune disease therapeutics market covered in this report is segmented -_x000D_
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1) By Therapy Type: Corticosteroids, Azathioprine, Cyclosporine, Mycophenolate, Leflunomide, Cyclophosphamide, Levothyroxine, Folic Acid, Hydroxychloroquine, Chloroquine_x000D_
2) By Animal Type: Companion Animals, Livestock Animals, Other Animals_x000D_
3) By Disease: Hypothyroidism, Pemphigus Disease, Canine Lupus, Auto-Immune Hemolytic Anemia, Bullous Pemphigoid, Discoid Lupus Erythematosus (DLE), Immune-Related Arthritis, Other Diseases_x000D_
4) By Distribution Channel: Veterinary Hospitals, Veterinary Clinics_x000D_
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Subsegments:_x000D_
1) By Corticosteroids: Prednisone, Prednisolone, Dexamethasone, Methylprednisolone, Triamcinolone_x000D_
2) By Azathioprine: Azathioprine Oral Tablets, Azathioprine Injectable Formulation_x000D_
3) By Cyclosporine: Oral Cyclosporine (Atopica), Injectable Cyclosporine_x000D_
4) By Mycophenolate: Mycophenolate Mofetil (Oral Form), Mycophenolate Sodium (Injectable Form)_x000D_
5) By Leflunomide: Leflunomide Tablets (Oral), Leflunomide Injection_x000D_
6) By Cyclophosphamide: Oral Cyclophosphamide, Injectable Cyclophosphamide_x000D_
7) By Levothyroxine: Levothyroxine Sodium Tablets (Oral), Levothyroxine Sodium Injection_x000D_
8) By Folic Acid: Folic Acid Supplements (Oral), Injectable Folic Acid_x000D_
9) By Hydroxychloroquine: Hydroxychloroquine Tablets (Oral), Hydroxychloroquine Injectable Formulation_x000D_
10) By Chloroquine: Chloroquine Tablets (Oral), Chloroquine Injectable Formulation_x000D_
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Which Geographic Area Leads the Veterinary Autoimmune Disease Therapeutics Market?_x000D_
North America was the largest region in the veterinary autoimmune disease therapeutics market in 2023. The regions covered in the veterinary autoimmune disease therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Veterinary Autoimmune Disease Therapeutics Global Market Report?_x000D_
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- Market Size Analysis: Analyze the Veterinary Autoimmune Disease Therapeutics Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Veterinary Autoimmune Disease Therapeutics Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Veterinary Autoimmune Disease Therapeutics Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Veterinary Autoimmune Disease Therapeutics Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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