Global Veterinary Pharmaceuticals Market Growth Analysis And Indications – Includes Veterinary Pharmaceuticals Market Size
The Business Research Company’s report goes into great detail on the veterinary pharmaceuticals market size and growth, veterinary pharmaceuticals market regional analysis, veterinary pharmaceuticals market competitive landscape, and other critical information needed to excel in the veterinary pharmaceuticals industry.
Major players in the veterinary pharmaceuticals market include 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.
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 veterinary pharmaceuticals market size 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%.
North America was the largest region in the veterinary pharmaceuticals market in 2021.
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 (including vaccines, antibiotics, and parasiticides).
The increase in the prevalence rate of diseases among animals serves as one of the major drivers for the veterinary pharmaceuticals market.
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 pet lovers to take care of their pets efficiently. FDA has approved 22 generic animal drugs for cats and dogs which has increased the adoption of generic drugs by veterinarians.
TBRC’s global veterinary pharmaceuticals market report is segmented:
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
By Animal Type: Companion Animals, Livestock Animals
By Vaccine: Inactivated Vaccines, Attenuated Vaccines, Recombinant Vaccines
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Veterinary Pharmaceuticals Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the veterinary pharmaceuticals market globally and regionally, analyzes and forecasts market size, share, veterinary pharmaceuticals market players, veterinary pharmaceuticals market segments, leading competitor revenues, profiles and market shares.
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