Veterinary drug market is anticipated to grow at a significant CAGR during the forecast period. The major factors that are expected to accelerate the growth of the market during the forecast period include the increasing burden of chronic diseases among animals, the growing adoption of pets, and the increase in drug preferences by pet and poultry farm owners, coupled with increased demand for meat and animal-based products. As per the Centers for Disease Control and Prevention (CDC), zoonotic diseases are very common, both in the US and around the world. It is estimated that more than 6 out of every 10 known infectious diseases in people can be spread from animals, and over 3 out of every 4 new or emerging infectious diseases in people come from animals. Moreover, increasing meat consumption is another major factor that is propelling the growth of the market during the forecast period.
Veterinary drugs are used by veterinary professionals to treat diseases, injuries and support the growth of animals. These are majorly used to cure diseases and prevent the spread of infectious diseases among animals. These drugs indirectly benefit human healthcare by restricting the spread of infectious diseases from animals to humans. Moreover, increasing R&D investments, high pet adoption rate, and growing consumption of meats and mandatory vaccination for the animals are anticipated to boost demand for veterinary drugs for animals in the near future.
Recent Development
- In October 2019, Ceva entered into an agreement with ProBioGen AG for manufacturing vectorized poultry vaccines using ProBioGen’s proprietary AGE1.CR technology. This agreement has led both companies to expand their long-term partnership and long track record of developing innovative vaccines.
To Request a Sample of our Report on Veterinary Drug Marke: https://www.omrglobal.com/request-sample/veterinary-drug-market-overview
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Product Type
- By Route of Administration
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: Zoetis Inc., Virbac S.A., and Elanco Animal Health Inc., among others.
A full Report of Veterinary Drug Market is Available @ https://www.omrglobal.com/industry-reports/veterinary-drug-market-overview
Veterinary Drug Market Report by Segment
By Product Type
- Anti-infectives
- Anti-Inflammatory
- Parasiticides
- Vaccines
- Others
By Route of Administration
- Oral
- Parenteral
- Topical
Veterinary Drug Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/veterinary-drug-market-overview
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
