Global Veterinary Pharmaceuticals Market Size, Forecasts, And Opportunities
Learn about the global veterinary pharmaceuticals market through The Business Research Company, which provides information on veterinary pharmaceuticals market size, veterinary pharmaceuticals market drivers and restraints, veterinary pharmaceuticals market players, the COVID-19 impact on the veterinary pharmaceuticals market, and more.
The global veterinary pharmaceuticals market is expected to grow from $21.98 billion in 2021 to $24.11 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The global veterinary pharmaceutical market size is expected to grow to $32.7 billion in 2026 at a CAGR of 7.9%.
The increase in the prevalence rate of diseases among animals serves as one of the major drivers for the veterinary pharmaceuticals market.
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The veterinary pharmaceuticals market consists of sales of veterinary pharmaceuticals and related services. This industry includes establishments that produce veterinary medicines which are used for pet animals and farm animals (includes vaccines, antibiotics and parasiticides).
Global veterinary pharmaceuticals market segments include:
By Type: Veterinary Vaccines, Veterinary Antibiotics, Veterinary Parasiticides, Others.
By End User: Veterinary Hospitals, Veterinary Clinics, Pharmacies and Drug stores.
By Route of Administration: Oral, Others (Parental, Topical).
By Animal Type: Companion Animals, Livestock Animals.
By Vaccines: Inactivated Vaccines, Attenuated Vaccines, Recombinant vaccines.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the veterinary pharmaceuticals market in 2021.
The rise in generic drugs for animal care is being seen as the latest trend in the veterinary pharmaceuticals market. The economical nature of generic drugs is enabling the pet lovers to take care of their pets efficiently.
TBRC’s veterinary pharmaceuticals market report covers:
Major Market Players: Merck & Co. Inc., Zoetis Inc., Eli Lilly and Company, Bayer AG, Boehringer Ingelheim GmbH, Perrigo Company plc, Virbac SA, Dechra Pharmaceuticals plc, Ceva Sante Animale, and Aratana Therapeutics.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Veterinary Pharmaceuticals Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides veterinary pharmaceuticals market overviews, analyzes and forecasts market size, share, veterinary pharmaceuticals market players, veterinary pharmaceuticals market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s veterinary pharmaceuticals market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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