According to a new report published by Allied Market Research, titled, “Veterinary Medicine Market by Product, Route of Administration, Animal Type, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2019–2027,” the global veterinary medicine market was valued at $22 billion in 2019, and is expected to reach $29 billion by 2027, registering a CAGR of 4.6% from 2019 to 2027.
Animals are integral part of human life as humans use them for food, labor, and companionship. In addition, animals suffer from various medical conditions, which require immediate attention and treatment. Products such a drugs, vaccines, and medicated feed additives, which are used in the treatment of animals are defined as veterinary medicines. Moreover, there are different types of drugs used in companion animals and livestock animals. For instance, drugs include anti-infective, anti-inflammatory and parasiticide, which are employed in treatment of conditions such as hookworm and inflammation. In addition, products such as inactivated vaccines, attenuated vaccines, and recombinant vaccines are also employed in the treatment of various medical condition in animals. Furthermore, medicated feed additives such as amino acids and antibiotics are also used for treatment of animals. Moreover, veterinary medicines are administered through different routes such as oral, parenteral and topical. Furthermore, drugs, vaccines and other veterinary medicine products are used in companion animals and livestock animals.
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Covid-19 impact-
The production of veterinary medicines has not been impacted during Covid-19 , as most of the regions have included veterinary medicines under essential services.
The Indian dairy industry has promoted the use of “Pashu Ayurveda” or ethno-veterinary medicine, in order to curb animal diseases as well as to control the chances of pathogens jumping from them to humans.
The supply chain disruptions, however, have been a major issue behind shortage of raw materials. Whereas, the government in several regions have eased on certain restrictions, in order to maintain economic benefits.
Which market perspectives are enlightened in the Veterinary Medicine Market report?
Executive Summary: It covers a summary of the most vital studies, the Worldwide Veterinary Medicine Market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: This covers major players, vital market segments, the scope of the products offered in the Veterinary Medicine Market, the years measured and the study points.
Competitive Analysis: In this segment each player is screened based on a products, services, value, SWOT analysis, growth and other significant features.
Geographic Analysis: This Veterinary Medicine Market report analyses data on the basis of production, sales, imports & exports, and key players in all regional markets.
List Of Key Players :
Major Key Players: Zoetis, Inc., Merck & Co., Inc. (Intervet International B.V.), Elanco Animal Health, Dechra Pharmaceuticals PLC, Ceva Santé Animale, Virbac., Vetoquinol S.A., Boehringer Ingelheim International GmbH., ADM Animal Nutrition, Evonik Industries AG.
Veterinary Medicine Market Segments and Sub-segments:
The global veterinary medicine market is segmented on the basis of product, route of administration, animal type, distribution channel, and region to provide a detailed assessment of the market. By product, it is divided into drugs, vaccines, and medicated feed additives. The drugs segment is further divided into anti-infective, anti-inflammatory, and parasiticide. In addition, the vaccines segment is divided into inactivated vaccines, attenuated vaccines, and recombinant vaccines. Similarly, the medicated feed additives segment is divided into amino acids and antibiotics.
By route of administration, the market is classified into oral route, parenteral route, and topical route. By animal type, it is divided into companion animals and livestock animals. By distribution channel, it is classified into veterinary hospitals, veterinary clinics, and pharmacies & drug stores. By region, the veterinary medicine market size is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
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KEY FINDINGS OF THE STUDY:
This report entails a detailed quantitative analysis along with the current global veterinary medicine market trends from 2019 to 2027 to identify the prevailing opportunities along with the strategic assessment.
The veterinary medicine market forecast is studied from 2020 to 2027.
The veterinary medicine market size and estimations are based on a comprehensive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
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Key Questions Answered:
What is the total market value of veterinary medicine market report ?
What would be forecast period in the market report?
What is the market value of veterinary medicine market in 2020 ?
Which is base year calculated in the veterinary medicine market report?
Which are the top companies hold the market share in veterinary medicine market?
Table of Content:
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers
Thank you for reading the article, Regional reports like North America, Europe, Asia-Pacific, LAMEA are also available.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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