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., Inc., Elanco Animal Health Incorporated, Ceva Santé Animale

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 animal medicine market is expected to grow at a CAGR of 5.7% from $41.20 billion in 2020 to reach $54.31 billion in 2025. The global animal medicine market size is expected to reach $72.42 billion in 2030, at a CAGR of 5.9%.

North America was the largest region in the global animal medicine market, accounting for 58.0% of the total 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.

Request a Sample of the Animal Medicine Market Report

The production of medicated feed additives is a major trend in the animal medicine market. Medicated feed additives in general help maintain animal health and promote growth and feed efficiency. They include vitamins, amino acids, fatty acids, pharmaceuticals, minerals, growth hormones and fungus. Animal medicines manufacturers have started increasingly producing medicated feed additives to improve efficiencies of production.

TBRC’s global animal medicine market report is segmented:
By Type: Veterinary Pharmaceuticals, Feed Additives

By Veterinary Pharmaceuticals: Veterinary Vaccines, Veterinary Antibiotics, Veterinary Parasiticides, Others – Veterinary Pharmaceutical

By Feed Additives: Medical Feed Additives, Nutritional Feed Additives

By Type of Animal: Poultry, Cattle (Dairy And Meat Purposes), Dogs And Cats, Other Companion Animals, Other Farm Animals

By Type of Prescription: OTC, Prescription

By Route of Administration: Oral, Intravenous, Subcutaneous, Others

By Distribution Channel: Veterinary Services, Online, Others

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Animal Medicine 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:

Companion Animal Veterinary Vaccines Global Market Report 2022

Veterinary Disposables Global Market Report 2022

Animal Hospitals And Veterinary Clinics Global Market Report

Interested To Know More About The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: