Press release
The Global Veterinary (Animal Drug) Drug Market is Anticipated to Post a Tremendous CAGR of 6.8% by the end of 2023, according to Research Nester
The global veterinary (animal drug) drug market is segmented into route of administration such as oral, parenteral and topical. Among these segments, oral route of administration segment is expected to occupy the top position in overall veterinary (animal drug) drug market. Additionally, oral route of administration is widely used by the pet owners owing to growing concerns for the pet healthcare. Moreover, rising number of pet infection and diseases is believed to flourish the demand for oral pet veterinary drugs. Further, availability of diversified parasiticides drugs that is providing specific solutions to the diseases is expected to swell the demand for veterinary (animal drug) drug during the forecast period.
Global veterinary (animal drug) drug market is expected to flourish at a significant CAGR of 6.8% over the forecast period. Rise in number of pet ownership along with rising concern towards health and well-being of animals among the owners are believed to the dynamic factor behind the growth of veterinary (animal drug) drug market during the forecast period. Moreover, the global veterinary (animal drug) drug market is anticipated to generate noteworthy revenue of USD 49.8 Billion by the end of 2023.
The drug segment by product is projected to grab a considerable CAGR by the end of 2023. Further, high prevalence of external parasites such as fleas and ticks are anticipated to supplement the growth of the drug segment by 2023. In terms of regional platform, North America region accounted for the biggest market of veterinary (animal drug) drug in 2016 and is envisioned to capture a market share of 31.5% over the forecast period i.e. 2016-2023. Additionally, this growth is attributed to the increasing per capita income of population which leads to higher spending on animal healthcare.
Request Report Sample@ https://www.researchnester.com/sample-request/2/rep-id-186
Increasing Prevalence of Diseases
Rising incidences of infections and diseases in animals along with risk of diseases being transmitted to human is spurring the demand for veterinary (animal drug) drug as associated infections and diseases can be life-threating. This factor is believed to bolster the growth of veterinary (animal drug) drug market by the end of 2023.
Mounting Government Regulations
Increasing regulations taken by government to protect humans from animal transferable disease are opening the opportunities for the pet as well as for animal pharmaceutical drugs manufacturers to develop and introduce various products to control the diseases. Furthermore, growing occurrence of deadly disease in animals and pets such as zoonotic and others have led the government to invest more on animal healthcare industry which is predicted to spur the growth of Veterinary (animal drug) Drug Market. On the contrary, high cost associated with the development of the pet veterinary drug and lack of awareness regarding animal welfare medications is anticipated to dampen the market of veterinary (animal drug) drug.
The report titled “Veterinary (Animal Drug) Drug Market: Global Demand, Growth Analysis & Opportunity Outlook 2023” delivers detailed overview of the global veterinary (animal drug) drug market in terms of market segmentation by product, by route of administration, by animal type, by end-user and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Request For TOC Here:
https://www.researchnester.com/toc-request/1/rep-id-186
This report also provides the existing competitive scenario of some of the key players of the global veterinary (animal drug) drug market which includes company profiling of Bayer Animal Health, Ceva Animal Healthcare, Elanco Animal Health, Merck Ltd., Zoetis Animal Healthcare, Virbac S.A., Merial Animal Health, J.A. Animal Health, Vetnil and UCBVET. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global veterinary (animal drug) drug market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Buy This Premium Reports Now @
https://www.researchnester.com/payment/rep-id-186
Research Nester is a leading service provider for strategic market research and consulting, serving clients from 120+ countries across the globe. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
Name:- Ajay Daniel
1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Email: ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Global Veterinary (Animal Drug) Drug Market is Anticipated to Post a Tremendous CAGR of 6.8% by the end of 2023, according to Research Nester here
News-ID: 816082 • Views: …
More Releases from Research Nester Pvt Ltd
Lutein and Zeaxanthin Market - Key Players, Capability Assessment & M&A Indicato …
The lutein and zeaxanthin market has expanded steadily as demand for eye-health supplements, functional foods, and preventive nutrition increases across global consumer segments. Lutein and zeaxanthin, two essential carotenoids concentrated in the retina, are widely recognized for their protective roles against oxidative stress, age-related macular degeneration (AMD), blue-light exposure, and general visual fatigue. Their adoption has accelerated with the rise of digital lifestyles, an aging population, and growing clinical evidence…
Top Companies in Atrial Fibrillation Market - Benchmarking Performance & Future …
The atrial fibrillation market is undergoing a period of rapid transformation as diagnostic technologies, catheter-based therapies, and antiarrhythmic solutions continue to advance. Atrial fibrillation (AFib) is one of the most prevalent cardiac arrhythmias globally, prompting significant demand for improved detection, early intervention, and minimally invasive treatment. The shift toward advanced ablation systems, AI-enabled diagnostics, wearable monitoring, and next-generation electro-mapping tools has strengthened competition across the market. Companies are expanding their…
Conductive Textiles Market - Top Companies, SWOT Deep Dive & Capital Flow Trends
The conductive textiles market is undergoing a rapid transformation as wearable electronics, smart apparel, and advanced sensor-integrated fabrics move from niche applications to mainstream adoption. Conductive textiles-engineered using conductive polymers, metal-coated fibers, or intrinsically conductive yarns-have become integral to next-generation healthcare wearables, military gear, automotive interiors, and consumer smart devices. As industries push for lighter, flexible, and more energy-efficient electronic systems, conductive materials embedded within fabrics are emerging as a…
Global Osteosynthesis Devices Market: Top Companies, Market Share Rankings & Inv …
The osteosynthesis devices market continues to evolve as orthopedic care moves toward minimally invasive procedures, biologically compatible materials, and technology-enabled implants. These devices-ranging from plates and screws to intramedullary nails and fixation systems-are essential for treating fractures, deformities, and complex bone injuries. Companies operating in this space are adopting strategies centered around product innovation, clinical efficacy, and expansion into fast-growing regions. As trauma care volumes rise in both developed and…
More Releases for Animal
Animal Health Market Sets the Table for Continued Growth : Zoetis Animal Healthc …
Advance Market Analytics published a new research publication on "Animal Health Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Animal Health market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Animal Antimicrobials and Antibiotics Market 2023 Growth and Development By Bion …
Antibiotics, also called antibacterials, are a type of antimicrobial drug used in the treatment and prevention of bacterial infections. They may either kill or inhibit the growth of bacteria. Animal Antimicrobials and Antibiotics includes Premixes, Oral Powders, Oral Solutions and Injections on the base of classification, which represent 12.4%, 14.4%, 10.4% and 56.6% of global Animal Antimicrobials and Antibiotics market.
Get Sample Copy: https://www.worldwidemarketreports.com/sample/273708
Farm Animals and Companion Animals are the…
Animal Healthcare Market Analysis Focusing on Top Key Players - Merck, Bayer Ani …
Worldwide Market Reports recently released on the Animal Healthcare market for the forecast period, 2017 – 2022 is involved in screening the business environment and the companies operating in the Animal Healthcare industry. Importantly, the research sheds a lot of light on their winning strategies to help stakeholders, business owners, and field marketing executives stay ahead in the competition. Besides, the industry is thoroughly weighed upon on the basis of…
Animal Model Market trends, Animal Model Market growth, Animal Model Market size …
Key Findings of Animal Model Market
Developing Regions to Overpower Developed Ones With Regard to Demand
The Asian territory is on the verge of evolving as the next big destination for animal models. This growth can be attributed to various factors such as American and European pharmaceutical companies diversifying their research activities to curtail extra expenses and save costs. Although U.S and Europe have retained their legacy in the global market, their…
Animal Growth Promoter Market Outlook To 2023 – Bayer Animal Health, Biomin, B …
Nov 2018, New York USA (News)- Different categories of feed additives for farm animals are referred to as natural growth promoters (NGPs) or non-antibiotic growth promoters. They are commonly regarded as favorable alternatives to antibiotic growth promoters (AGPs) in livestock production. NGPs include predominantly organic acids, probiotics, prebiotics, synbiotics, phytogenics, tannins, feed enzymes and immune stimulants, an ongoing search for alternatives has created a large variety of NGPs for pigs,…
Animal Antimicrobials and Antibiotics Market Key Players : Animal Health, Bayer …
The term antibiotic or antimicrobial is used for those agents who kill or inhibit the growth of microorganism. The antimicrobials products have significant benefits to the animal and to human food safety. There are researches, which have proven that an increase in the rate of animal illness results in higher rate of human illness. Therefore, livestock dealers depend on animal antibiotics to provide safe food. The scope of this report…
