Global Veterinary Pharmaceuticals Market Opportunities And Strategies For Major Players In The Veterinary Pharmaceuticals Market 2021-2030
17 Aug, 2021
The veterinary pharmaceuticals market consists of sales of veterinary pharmaceuticals by entities (organizations, sole traders, and partnerships) that manufacture veterinary pharmaceuticals (or drugs) used to sedate, treat animal diseases, and/or to improve animals’ performance and health. The veterinary pharmaceuticals industry includes establishments that manufacture veterinary pharmaceuticals such as veterinary vaccines, veterinary antibiotics, and other veterinary pharmaceuticals.
Global Veterinary Pharmaceuticals Market Size And Drivers:
The global veterinary pharmaceuticals market reached a value of nearly $30,862.3 million in 2020, having increased at a compound annual growth rate (CAGR) of 7.4% since 2015. The market is expected to grow from $30,862.3 million in 2020 to $63,786.5 million in 2025 at a rate of 15.6%. The veterinary pharmaceuticals market is then expected to grow at a CAGR of 14.6% from 2025 and reach $125,844.5 million in 2030. The rise in pet ownership is expected to continue during the forecast period.
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Trends In The Global Veterinary Pharmaceuticals Market
Companies in the veterinary pharmaceuticals industry are increasingly collaborating and partnering with other players to drive product innovations. To succeed in the increasingly competitive veterinary pharmaceuticals market, veterinary medicines companies are entering into new geographies and developing innovative products through sharing skills and expertise with other players.
Global Veterinary Pharmaceuticals Market Segments:
The global veterinary pharmaceuticals market is further segmented based on type, end user, route of administration, animal type, vaccines and geography.
1) By Type: Veterinary Vaccines, Veterinary Antibiotics, Veterinary Parasiticides, Others.
2) By End User: Veterinary Hospitals, Veterinary Clinics, Pharmacies and Drug stores.
3) By Route of Administration: Oral, Others (Parental, Topical).
4) By Animal Type: Companion Animals, Livestock Animals.
5) By Vaccines: Inactivated vaccines, Attenuated vaccines, Recombinant vaccines.
By Geography: The global veterinary pharmaceuticals market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the veterinary pharmaceuticals market, accounting for 44.9% of the total in 2020.
Read More On The Report For The Global Veterinary Pharmaceuticals Market At:https://www.thebusinessresearchcompany.com/report/veterinary-pharmaceuticals-global-market
Veterinary Pharmaceuticals Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides veterinary pharmaceuticals market overviews, analyzes and forecasts market size and growth for the global veterinary pharmaceuticals market, veterinary pharmaceuticals market share, veterinary pharmaceuticals market players, veterinary pharmaceuticals market segments and geographies, veterinary pharmaceuticals market’s leading competitors’ revenues, profiles and market shares. The veterinary pharmaceuticals market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.