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Veterinary Drugs Market: Global Industry Analysis, Trends, Market Size, and, Forecasts up to 2023

INFINIUM GLOBAL RESEARCH


Veterinary Drugs Market: Global Industry Analysis, Trends, Market Size, and, Forecasts up to 2023

INTRODUCTION REPORT DESCRIPTION

Governments and various animal health institutions spread awareness about the need for good health of animals to improve the productivity and quality of the animal based products. Progressive research and developments by the companies operating in veterinary drugs industry have resulted in innovation of several effective drugs for the animal health. Moreover, with growing dependence of farmers on animal products such as milk, meat and leather among others to increase their income and profitability, the demand for veterinary drugs has increased over the past few decades. This report estimates the market size of Veterinary Drugs in terms of value (USD Million) over the period of 2017 to 2023. The years 2015 and 2016 are considered to be base years, and 2017 to 2023 is considered to be a forecast period. The market sizes for Veterinary Drugs by drug type, by route of administration, by animals, and by regions are estimated in terms of value. This market research study provides detailed qualitative and quantitative analyses of the Global Veterinary Drugs Market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of Veterinary Drugs. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, Latin America, and, Rest of the World (RoW). The market size and forecasts are also given for these regions. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Veterinary Drugs market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global Veterinary Drugs market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. 2

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Veterinary Drugs Market: Global Industry Analysis, Trends, Market Size, and, Forecasts up to 2023

SEGMENTATION AND RES EARCH SCOPE

VETERINARY DRUGS MARKET SEGMENTATION

Animals Drug Type

 Anti-infectives  Anti-Inflammatory

Route Of Administration • Oral • Parenteral • Topical

 Companion Animal  Livestock Animal

 Parasiticides  Others

The report segments the global Veterinary Drugs market by drug type, by animal type, by route of administration, and by region. On the basis of drug type global market has been segmented into Anti-Infective, Anti-Inflammatory, and Parasiticides. Moreover, market segmentation on the basis animal type includes companion animal and livestock animal. Based on route of administration, market segmented into Oral, Parenteral and topical. The global Veterinary Drugs market is analyzed covering the regions such as North America, Europe, Asia- Pacific, and Rest of the World.

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Veterinary Drugs Market: Global Industry Analysis, Trends, Market Size, and, Forecasts up to 2023

RESEARCH METHODOLOGY METHODOLOGY

Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Veterinary Drugs market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. RESEARCH METHODOLOGY: AN OUTLINE

Primary Research

Secondary research

• Primary sources of the information and data include • Industry Experts/ consultants • Top level executives in the key market players • Subject matter experts • Academicians and research scholars

• Secondary sources of the information and data include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases • Websites and publications by research agencies • Others

Primary Research

Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through 1. Key Opinion Leaders associated with Infinium Global Research 2. Internal and External subject matter experts 4

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Veterinary Drugs Market: Global Industry Analysis, Trends, Market Size, and, Forecasts up to 2023

3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4. Regional/zonal/ country managers 5. Vice President level executives. Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases such as WTO, OECD, Hoovers, Factiva, and Worldbank, among others. • Websites and publications by research agencies • Agency for Healthcare Research and Quality • American Academy of Orthopedic Surgeons • HealthData • NAHDO • The Cochrane Collaboration • Public Health England • Government of Canada Publications,

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Veterinary Drugs Market: Global Industry Analysis, Trends, Market Size, and, Forecasts up to 2023

RESEARCH METHODOLOGY: DATA COLLECTION MATRIX

Demand Side analysis

Global market size (Consumption)

Supply Side Analysis

Production +Import -Export

Data collection matrix explains the triangulation of the data collected to arrive at the market size of the global Veterinary Drugs market. The supply side analysis considers the production of Veterinary Drugs. The supply side analysis also takes into consideration the suppliers of raw materials, the manufacturers and other stakeholders involved into supply of the Veterinary Drugs. The demand side analysis considers the Product areas of the Veterinary Drugs market. In this approach the various industry players are considered. The country-wise sales values provide the data of consumption of Veterinary Drugs in the regional as well as global markets. Moreover, this approach helps analyze the future trends and the market size of the global as well as regional Veterinary Drugs market. RESEARCH APPROACHES

The study on global Veterinary Drugs market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD Million. The research also covers the analysis of the various segments in the global Veterinary Drugs market. The estimates in the global Veterinary Drugs market are based on both bottom-up and top-down approaches.

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Veterinary Drugs Market: Global Industry Analysis, Trends, Market Size, and, Forecasts up to 2023

IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES.

PRIMARY SOURCES

• Industry Publications

of

end-use

• Industry news ‘ • Data sources • Agency for Healthcare Research and Quality

Infinium’s Data bank/Know how

• American Academy of Orthopedic Surgeons • HealthData

•C-level executives in the leading manufacturing companies of Equine Pharmaceuticals and Supplements Product managers •Sales managers •Industry consultants •Distributors/Suppliers

• Others

• Annual Reports • Presentations • Company Websites

• Press Releases • News Articles • Journals

Primary Research

Secondary Research

• Paid Databases

Company Publications .

SUPPLY SIDE

• NAHDO • The Cochrane Collaboration

General. Publications

DEMAND SIDE

• Government Agencies’ Publications

•Top executives industries •Intermediaries

Data Triangulation and Information Sources

The market size of Veterinary Drugs is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the Veterinary Drugs market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the Veterinary Drugs market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the Veterinary Drugs market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of Veterinary Drugs. With the help of primary interviews and secondary research the market size of Veterinary Drugs is determined for each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of Veterinary Drugs in the world market. GLOBAL VETERINARY DRUGS MARKET HIGHLIGHTS, (USD MILLION)

The global Veterinary Drugs market is projected to reach USD 26.2 billion by 2023, growing with a CAGR of 5.3% from 2017 to 2023. Globally, the Veterinary Drugs 7

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Veterinary Drugs Market: Global Industry Analysis, Trends, Market Size, and, Forecasts up to 2023

market has registered progressive growth over the past few years. Owing to numerous disease conditions growing in the animals, Veterinary Drugs have gains vital importance while generating significant demand. Epidemic disorders in animal has created necessity and surged demand for Veterinary Drugs in global market. While, Veterinary Drugs including amino acids and antibiotics are developed in order to fight against attack of harmful viruses and bacterial parasites in animal. Growth in Veterinary Drugs market is highly attributed to introduction of advanced cost effective Veterinary Drugs linked with rising clinical animal researches to treat disease and other disorder. Whereas, increasing safety and effectiveness of these Veterinary Drugs have consolidated demand across the globe. Furthermore, rising awareness towards healthcare and well-being of livestock companion and pets along with introduction of animal immunization policies by the government organization in developing nations have upkeep demand for Veterinary Drugs. On the flip side, various complications pertaining to animal disease likely to hamper Veterinary Drugs market up to some extent. The Global Veterinary Drugs market will provide various growth opportunities in the years to come on account of rising research and development investment in order to develop more effective and safe drugs. In addition, increase in pet ownership, rising meat consumption worldwide, and rising health expenditure in animal will drive global Veterinary Drugs market. The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. With the presence of large animal count coupled with large number of pet owners and several veterinary clinics, USA drives the North American Veterinary Drugs market. As a result North America was the largest market for veterinary drugs in the world. Some of the key players in the global Veterinary Drugs market are CEVA SANTÉ ANIMALE GMBH, Bayer Animal Health, Ceva SantÊ Animale, Celltrion Inc, Elanco Animal Health, Merck Animal Health, and Virbac

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Veterinary Drugs Market: Global Industry Analysis, Trends, Market Size, and, Forecasts up to 2023

GLOBAL VETERINARY DRUGS MARKET, 2016 – 2023 (USD MILLION)

2016

2017

2018

2019

Value

2020

2021

2022

2023

Note; The data label are and axis labels are removed from the sample Veterinary Drugs market is expected to experience significant growth globally. The global market for Veterinary Drugs is expected to grow at a CAGR 5.3% over the period of 2017 to 2023, emerging markets are expected to impact the growth rate over the forecast period owing to rapidly growing awareness about animal health and several government programs to educate the farmers about animal health. GLOBAL VETERINARY DRUGS MARKET, CAGR GROWTH BY REGIONS (2016 – 2023)

x.x

x.x %

%

x.x

%

North America Latin America

x.x %

Europe Asia

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Veterinary Drugs Market: Global Industry Analysis, Trends, Market Size, and, Forecasts up to 2023

With over 30% of global markets share in 2015, North America emerged as dominant region in terms of value. The region anticipated to retain its dominance throughout the forecast period owing to higher prevalence of pet ownership as compared to other regions. U.S. drives North American Veterinary Drugs market majorly due to increasing gross disposable income of population which leads to higher spending on animal healthcare. Europe emerged as second largest market after North America including major markets such as Germany, UK, Netherland, and France. Growth in this region can be credible to availability of cost effective and advanced Veterinary Drugs. On the other hand, Asia Pacific estimated to fastest growing market over the forecasted period. This is due to rising initiatives towards animal healthcare and increasing adoption of medicated feed additives for livestock companion. Also, increasing incidences of infectious diseases among animal expected to contribute in great extent in this region. Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/healthcare-medical-devices/globalveterinary-drugs-market

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Veterinary Drugs Market: Global Industry Analysis, Trends, Market Size, and, Forecasts up to 2023  

Governments and various animal health institutions spread awareness about the need for good health of animals to improve the productivity an...

Veterinary Drugs Market: Global Industry Analysis, Trends, Market Size, and, Forecasts up to 2023  

Governments and various animal health institutions spread awareness about the need for good health of animals to improve the productivity an...

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