Veterinary Antibiotics Global Market To Reach Value Of $1.5 Billion In 2025

27 Sep, 2021

The veterinary antibiotics market consists of sales of veterinary antibiotics and related services. Veterinary antibiotics are used to fight against infections and diseases in animals caused due to bacteria. The veterinary antibiotics industry includes companies involved in the production of antibiotics used for therapeutic and prophylaxis treatment of animals.

Global Veterinary Antibiotics Market Size And Drivers:

The global veterinary antibiotics market is expected to grow from $1.12 billion in 2020 to $1.22 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.53 billion in 2025 at a CAGR of 5.8%. An increase in the number of zoonotic diseases is driving the veterinary antibiotics market. Zoonotic diseases are infectious diseases caused by microscopic organisms, infections, and parasites that spread between animals and humans.

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Trends In The Global Veterinary Antibiotics Market

Increasing collaboration between companies is an emerging trend in the veterinary antibiotics market. Collaboration offer companies to combine technologies and a wide range, more diversified portfolio of products to work with, and it also improves the quality of the antibiotics and the speed at which they are producing. Therefore, companies in the veterinary antibiotics market are focusing on collaborations. For example, in April 2019, Bayer AG entered into a strategic collaboration with Adiva GmbH to develop therapeutic antibodies for veterinary medicine.

Global Veterinary Antibiotics Market Segments:
The global veterinary antibiotics market is further segmented –
By Product: Anti-Parasitic, Anti-Bacterial, Non-Steroidal Anti-Inflammatory Drug, Others
By End User: Farm Animals, Companion Animals
By Administration: Premixes, Injections, Oral Powders, Oral Solutions, Others
By Geography: The global veterinary antibiotics market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Veterinary Antibiotics Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides veterinary antibiotics market overviews, analyzes and forecasts market size and growth for the global veterinary antibiotics market, veterinary antibiotics market share, veterinary antibiotics market players, veterinary antibiotics market segments and geographies, veterinary antibiotics market’s leading competitors’ revenues, profiles and market shares. The veterinary antibiotics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.