Global Animal Antibiotics and Antimicrobials Market – Industry Trends - Forecast to 2026
Global Animal Antibiotics and Antimicrobials Market accounted to USD 4.01 billion in 2018 to an estimated value of USD 5.7 billion by 2026 growing at a CAGR of 4.5% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2016 and the forecast period is 2019 to 2026.
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Market Definition
Animal antibiotics and antimicrobials can be used in those animals which contribute to the emergence of antimicrobial resistance in bacteria that may be transferred to humans, there for it reduces the effectiveness of antimicrobial drugs for treating human disease.
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Market Segmentation
• By Product Type (Tetracycline, Penicillin, Sulfonamide, Macrolide, Cephalosporin, Fluoroquinolone, Aminoglycosides, Lincosamides) • Mode of Delivery (Premixes, Oral Powder, Injection) • Animal (Food-producing & Companion) • Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)
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Competitive Analysis
Global animal antibiotics and antimicrobials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of animal antibiotics and antimicrobials market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Major Market Competitors
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Zoetis, Boehringer Ingelheim International GmbH Merck & Co., Inc. Ceva Eli Lilly and Company Bayer AG Dechra Pharmaceuticals PLC Virbac Vetoquinol S.A Boehringer Ingelheim GmbH Sanofi Bioniche Animal Health Elanco Fort Dodge Animal Health
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