The global veterinary antibiotics market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Veterinary antibiotics are drugs that are commonly used to treat a variety of infectious diseases which are caused by bacteria and certain other microorganisms that affect animals. The growth of the global veterinary antibiotics market is significantly dependent on the adoption of pets in the households. As the adoption of pets increases, the demand for antibiotics is also expected to rise, thereby, creating opportunities for the growth of the veterinary drug market across the globe. According to the 2019-2020 National Pet Owners Survey conducted by the American Pet Products Association (APPA), around 67.0% of the US household that accounts for 85 million families living in the US, owned at least a pet. There were 84.9 million households with pets which is 67% of the total households registered under the survey.
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Furthermore, veterinary care is generally more shifted towards species such as dogs and cats. Additionally, dogs and cats are two of the most commonly owned pets of the households all across the globe. According to American Veterinary Medical Association (AVMA), 54.3% of cat-owning households and 82.8% of dog-owning households visit the veterinarian at least once a year. This highlights the fact that the global population is aware of pet health and the necessary measures that are required to be taken to improve their health. This is expected to create significant opportunities for the growth of the market in the US in the future.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Animal Type
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Zoetis Inc., Merck & Co., Inc., and Bayer AG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Veterinary Antibiotics Market Report by Segment
By Product Type
- Penicillin
- Tetracyclines
- Macrolides
- Sulphonamides
- Aminoglycosides
By Animal Type
- Food-Producing Animals
- Companion Animals
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