The rising number of livestock animals in agriculture and other economic purposes has indeed created the demand for veterinary drugs. This category of medication is the focus of the latest research study added to the huge database of Market Research Reports Search Engine (MRRSE). The report is titled, “Veterinary Drugs Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2024”, which analyzes the current and future status of the global veterinary market for the forecast period 2016-2024.
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The report highlights the market drivers for the global veterinary market which includes a rise in healthcare expenditure for companion animals, increase in pet ownership, rise in meat consumptions and high demand for good quality proteins. Hence, it is forecasted that the market might exhibit a CAGR of 5.1% during the forecast period between 2016 and 2024. The report offers product overview along with market size and outlook. Moreover, details related to key industry events, Porter’s Analysis and key product opportunities are carefully enclosed in the study.
In the later section, the readers can gain insight about the market segmentation by animal type which includes- companion animals and livestock animals. Also, a precise segregation is offered on the basis of product type which comprises of anti-infective, anti-inflammatory, parasiticides, and others. On basis of route of administration, the global veterinary drugs market is divided into parenteral, oral, and topical route of administration. Under this segment, oral administration of drugs in animals is seen to play a major role. These market segmentations have been analyzed on the basis of available approved products, cost-effectiveness, and preference from veterinarians for the treatment of animals with different drug classes.
Furthermore, geographically, the report stresses on prime regions which include North America, Europe, Latin America, Asia-Pacific and Middle East & Africa. Also, for each of these regions, market size and forecast have been provided for the period 2014 to 2024, in addition to their respective CAGRs with 2015 fixed as the base year.
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In the concluding section of the report, the readers can learn about the top players from veterinary drugs market. These firms are profiled on the basis of various attributes such as financial overview, company overview, product portfolio, SWOT analysis, business strategies and recent developments. Major players highlighted in the report include:
- Bayer AG.
- Ceva Santé Animale
- Boehringer Ingelheim GmbH
- Dechra Pharmaceuticals PLC.
- Merck & Co. Inc.
- Elanco Animal Health (Eli Lilly and Company)
- Zoetis Inc.
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