The Business Research Company’s report goes into great detail on the animal medicine market size and growth, animal medicine market regional analysis, animal medicine market competitive landscape, and other critical information needed to excel in the animal medicine industry.

Major players in the animal medicine market include Zoetis Inc., Boehringer Ingelheim GmbH, Merck & Co, Evonik Industries AG, Patterson Companies Inc., Ceva Animal Health LLC – Biomune, Phirbo Animal Health, Dechra Pharmaceuticals, Virbac Group, and Vetoquinol S.A.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global animal medicine market size is expected to grow from $41.09 billion in 2021 to $45.33 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The global animal medicine market size is expected to grow to $62.95 billion in 2026 at a CAGR of 8.6%.

North America was the largest region in animal medicine market in 2021.

The animal medicine market consists of sales of veterinary medicines and related services by entities (organizations, sole traders, and partnerships) that manufacture veterinary medicines used to treat animal diseases and/or to improve animals’ performance and health. The animal medicine industry includes establishments that manufacture veterinary pharmaceuticals such as veterinary vaccines, veterinary antibiotics, and other veterinary pharmaceuticals and establishments that manufacture medical feed additives and nutritional feed additives.

The increasing penetration of pet insurance is expected to drive the animal medicine market.

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Nanotechnology is increasingly gaining traction in the animal medicine market as a substitute for veterinary antibiotics to tackle antibiotic resistance. Nanotechnology is the study of controlling matter on an atomic and molecular scale. Nanotechnology in the animal medicine industry is used to improve diagnosis, treatment, animal growth promotion, and production. Nanoparticles are mainly used as alternative antimicrobial agents to reduce the use of antibiotics and improve the detection of pathogenic bacteria. They are also used as drug delivery agents for new drugs and vaccines candidates to improve their characteristics and performance, and to reduce drug resistance in animal organisms.

TBRC’s Global Animal Medicine Market Report Is Segmented:
By Type: Veterinary Pharmaceuticals, Feed Additives
By Type of Animal: Livestock, Companion Animals
By End-Use: Veterinary Hospitals, Pharmacies and Drug Stores, Veterinary Clinics
Subsegments Covered: Veterinary Vaccines, Veterinary Antibiotics, Veterinary Parasiticides, Other Veterinary Pharmaceuticals, Medical Feed Additives, Nutritional Feed Additives
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Animal Medicine Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the animal medicine market globally and regionally, analyzes and forecasts market size, share, animal medicine market players, animal medicine market segments, leading competitor revenues, profiles and market shares.

Here Is A List Of Similar Reports From The Business Research Company:

Veterinary Orthopedic Implants Global Market Report 2022

Animal Hospitals And Veterinary Clinics Global Market Report 2022

Veterinary Patient Monitoring Equipment Global Market Report 2022

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