Global Veterinary Antibiotics Market Overview And Prospects – Includes Veterinary Antibiotics Chart
Learn about the global veterinary antibiotics market through The Business Research Company, which provides information on veterinary antibiotics market size, veterinary antibiotics market drivers and restraints, veterinary antibiotics market players, the COVID-19 impact on the veterinary antibiotics market, and more.
The veterinary antibiotics market is expected to grow at a CAGR of 15.6% from $14.69 billion in 2020 to reach $30.30 billion in 2025. The global veterinary antibiotics market size is expected to reach $59.56 billion in 2030, at a CAGR of 14.5%.
The increasing penetration of pet insurance is expected to drive the veterinary antibiotics market in the forecast period.
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The veterinary antibiotics market consists of sales of veterinary antibiotics and related services by entities (organizations, sole traders and partnerships) that manufacture veterinary antibiotics. Veterinary antibiotics are drugs that are used to treat infections and diseases in animals caused due to bacteria. Examples of branded veterinary antibiotics include Draxxin (tulathromycin), Apoquel (oclacitinib tablet), and Convenia (cefovecin sodium). The veterinary antibiotics industry includes companies involved in the production of antibiotics used for therapeutic and prophylaxis treatment of animals.
By Product: Anti-Parasitic, Anti-Bacterial, Others
By End-User: Livestock, Companion Animals
By Route of Administration: Oral, Others
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 global veterinary antibiotics market, accounting for 45.8% of the total in 2021.
Companies in the veterinary antibiotics industry are increasingly collaborating and partnering with other players to drive product innovations. To succeed in the increasingly competitive veterinary antibiotics market, veterinary medicines companies are entering into new geographies and developing innovative products through sharing skills and expertise with other players.
TBRC’s veterinary antibiotics market report covers:
Major Market Players: Boehringer Ingelheim GmbH, Zoetis, Inc., Merck & Co., Inc., Elanco Animal Health Incorporated, Ceva Santé Animale
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 Antibiotics Market Report 2022 is one of a series of new reports from The Business Research Company that provides veterinary antibiotics market overviews, analyzes and forecasts market size, share, veterinary antibiotics market players, veterinary antibiotics market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s veterinary antibiotics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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