Press release
Animal Pharmaceuticals Market Size, Share, Growth Drivers and Forecast Report, 2025-2032
This robust growth is primarily driven by the increasing consumption of meat and dairy products, a surge in pet adoption rates, and a rising incidence of zoonotic diseases. Notably, 75% of all emerging infectious diseases are zoonotic, underscoring the critical need for effective veterinary pharmaceuticals.
Browse the full report with a detailed analysis on: https://www.psmarketresearch.com/market-analysis/animal-pharmaceuticals-market
Key Insights
Segmentation Analysis:
Animal Type: The market is bifurcated into companion animals and production animals. The growing trend of pet ownership has significantly boosted the demand for pharmaceuticals catering to companion animals.
Product Type: The product landscape includes parasiticides, anti-infectives, anti-inflammatory agents, and analgesics. Among these, parasiticides hold a substantial market share due to the prevalent need for parasite control in animals.
Route of Administration: Oral, parenteral, and topical are the primary routes. Oral administration is widely preferred for its ease and effectiveness.
Distribution Channel: Products are distributed through veterinary hospitals & clinics, pharmacies & retail stores, and e-commerce platforms. The e-commerce segment is witnessing rapid growth, attributed to the convenience of online purchasing.
Regional and Geographical Trends:
North America: Dominates the market, driven by advanced veterinary healthcare infrastructure and high pet ownership rates.
Asia-Pacific (APAC): Identified as the fastest-growing region, propelled by increasing livestock population and supportive government initiatives in countries like China and India.
Technological Advancements Shaping the Market:
The expiration of patents for several branded animal pharmaceuticals has led to a surge in the development of generic alternatives. This trend is making veterinary drugs more accessible and affordable.
There is a growing preference for over-the-counter (OTC) veterinary drugs, facilitating easier access for pet owners and reducing the need for veterinary consultations for minor ailments.
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Competitive Dynamics, Major Players, and Emerging Opportunities:
Key Market Players: Prominent companies include Merck & Co. Inc., Ceva Santé Animale, Vetoquinol Group, Zoetis Inc., Boehringer Ingelheim International GmbH, Virbac SA, Laboratorios Calier S.A., Bimeda Group, Prodivet Pharmaceuticals SA/NV, Elanco Animal Health Incorporated, Dechra Pharmaceuticals PLC, Phibro Animal Health Corporation, SeQuent Scientific Limited, Salfarm Danmark A/S, and Biogénesis Bagó S.A.
Market Nature: The market is fragmented, with numerous players contributing to a competitive landscape.
Emerging Opportunities: The increasing investment in veterinary research and development, along with mandates for the immunization of companion and production animals, presents significant growth opportunities. Additionally, the rising demand for pet insurance and heightened expenditure on animal welfare are expected to further propel market expansion.
About P&S Intelligence
P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.
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