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Veterinary Drugs Market to exhibit a CAGR of 5.1% between 2016 and 2024 - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
"The Report Veterinary Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"Global Veterinary Drug Market: Overview
This report on the veterinary drugs market analyzes the current and future scenario of the global market. Increase in pet ownership, rise in healthcare expenditure on companion animals, rise in meat consumptions along with high demand for good quality proteins are some of the drivers expected to drive the global veterinary drugs market during the forecast period.
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The global veterinary drugs market report comprises an elaborate executive summary, which includes market snapshot that provides information about various segments. It also provides information and data analysis of the countrys market with respect to the segments based on product type, animal type, route of administration and regions. A detailed qualitative analysis of drivers and restraints, opportunities, and trends has been provided in the market overview section. Additionally, the section comprises Porters Five Forces Analysis to help understand the competitive landscape in the market. This section also provides market attractiveness analysis in terms of country and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global veterinary drugs market.
Global Veterinary Drug Market: Key Market Segments
Based on product type, the market has been segmented into anti-infective, anti-inflammatory, parasiticides, and others. The market segments have been analyzed based on available approved products, cost-effectiveness, and preference from veterinarians for treating the animals with various drug classes. The market size and forecast for each of these segments have been provided for the period from 2014 to 2024, along with their respective CAGRs for the forecast period from 2016 to 2024, considering 2015 as the base year.
Based on animals, the global veterinary drugs market has been segmented into companion animals and livestock animals. The market segments have been extensively analyzed based on increase in demand for disease treatment among companion animals and livestock animals. Increase in pet ownership, demand for infection free meat, and increase in awareness for treatment of the domesticated animals are driving the market share of animal segment. Different types of route of administration are used to feed the drug to animals. On basis of route of administration global veterinary drugs market is segmented into oral, parenteral, and topical route of administration. Under the route of administration segment, oral administration of drugs in animals plays a major role followed by parenteral. The market size and forecast in terms of US$ Mn for each segment have been provided for the period from 2014 to 2024. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2016 to 2024, considering 2015 as the base year.
Global Veterinary Drugs Market: Regional Outlook
Geographically, the global veterinary drugs market on the basis of region has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market size and forecast for each of these regions have been provided for the period from 2014 to 2024, along with their respective CAGRs for the forecast period from 2016 to 2024, considering 2015 as the base year.
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Companies Mentioned in Report
The report also profiles major players in the global veterinary drugs market based on various attributes such as company overview, financial overview, product portfolio, business strategies, SWOT analysis, and recent developments. Major players profiled in this report include players in the global veterinary drugs market are Bayer AG., Boehringer Ingelheim GmbH, Ceva Sant Animale, Dechra Pharmaceuticals PLC., Elanco Animal Health (Eli Lilly and Company), Merck & Co., Inc., Virbac, Vetoquinol, Zoetis, Inc. and others.
The Global Veterinary Drugs Market has been segmented as follows:
Global Veterinary Drugs Market, by Product
Anti-infective
Anti-inflammatory
Parasiticides
Others
Global Veterinary Drugs Market, by Animal
Companion
Livestock
Global Veterinary Drugs Market, by Route of Distribution
Oral
Parenteral
Topical
Global Veterinary Drugs Market, by Geography
North America
US
Canada
Europe
Germany
U.K.
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Japan
India
China
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC countries
South Africa
Rest of Middle East & Africa
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Table of Content
Chapter 1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
Chapter 2. Assumptions and Research Methodology
2.1. Assumptions
2.2. Research Methodology
Chapter 3. Executive Summary
3.1. Global Veterinary Drugs Market : Snapshot, 2015
3.2. Global Veterinary Drugs Market : Opportunity Map
Chapter 4. Market Overview
4.1. Product Overview
4.2. Global Veterinary Drugs Market Size (US$ Mn) Forecast, 20142024
4.3. Global Veterinary Drugs Market Outlook
4.4. Global Veterinary Drugs Market : Key Industry Events
4.5. Global Veterinary Drugs Market : Porter's Analysis
4.6. Key Product Opportunities
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Chapter 5. Market Dynamics
5.1. Drivers and Restraints Snapshot Analysis
5.2. Drivers
5.2.1. Increase in pet ownership & spending on companion animals
5.2.2. Increased medical and surgical capabilities for companion animals
5.2.3. Greater emphasis on prevention and wellness by veterinarians and owners
5.2.4. Evolution of new products to combat emergence of new diseases particularly to cope with zoonotic disease concerns
5.2.5. Increased meat consumption and demand for high quality proteins driving demand for livestock animals
5.3. Restraints
5.3.1. Lack of novel veterinary drugs in the global market
5.3.2. Rising concern about the use of antibiotics and growth promoters in food animals
5.3.3. Prevalence of counterfeit medicines
5.4. Global Veterinary Drugs Market : Opportunity Analysis
5.5. Opportunities
5.5.1. Biologics and specialty care offer potential opportunities for players
5.5.2. Growing awareness and affordability of drugs for pets and livestock offer significant opportunity to new entrants
5.6. Key Trends
5.6.1. Launch of generic versions of veterinary drugs by prominent players
5.6.2. Increase in pet insurance globally
5.6.3. Targeted in-licensing and strategic acquisitions by leading players
5.6.4. Viral disease outbreak demands newer medicines every time
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