The global veterinary antibiotics market size is expected to grow from $0.28 billion in 2021 to $0.31 billion in 2022 at a compound annual growth rate (CAGR) of 8.1%. The global veterinary antibiotic market size is expected to grow to $0.39 billion in 2026 at a CAGR of 6.3%.
What is the Global Veterinary Antibiotics Market?
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.
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What drives the Global Veterinary Antibiotics Market?
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. Two of the most common zoonotic pathogens salmonella and campylobacter are present in the intestines of these animals. Zoonotic diseases are also a potential threat to humans as they get transferred through the food chain. A study conducted by the FoodNet (Centers for Disease Control and Prevention, USA) found that 24,484 foodborne illnesses, 5,677 hospitalizations, and 122 deaths are caused due to zoonotic diseases. In addition, the highest incidences per 100,000 population in the USA are caused due to infectious diseases such as campylobacter, salmonella, and shigella. Therefore, there is a need to diagnose these diseases in animals at an early stage, which is a major driver of the veterinary antibiotics market.
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Global Veterinary Antibiotics Market Segments
The global veterinary antibiotics market is 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 regions covered in the veterinary antibiotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Veterinary Antibiotics Global Market Report 2022provides market size and growth forecasts for the global veterinary antibiotics market, global veterinary antibiotics market share, veterinary antibiotics market segments and geographies, veterinary antibiotics market competitive landscape including 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.
Global Veterinary Antibiotics Industry Playersinclude Bayer AG, Boehringer Ingelheim GmbH, Ceva Sante Animale, Eli Lilly Company, Elanco, Merck & Co, Sanofi, Virbac, Zoetis, and Crystal Pharma. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
