The Animal Medicine Market To Grow At A Higher Rate

January 26, 2019

Author: Abdul Malik

The Business Research Company’s animal medicine global market report, covers the year-on-year growth of the global animal medicine market historic and forecast growth. It also includes chapters on the animal medicine market trends, geographical analysis, and competitive landscape.

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The global animal medicine market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period.

Animal Medicine Market Trends

The animal medicine market consists of sales of animal medicine and related services by entities (organizations, sole traders and partnerships) that produce animal medicine to treat animal diseases. This industry includes establishments that produce veterinary pharmaceuticals such as veterinary vaccines, veterinary antibiotics, and other veterinary pharmaceuticals. It also includes establishments that produce medical feed additives and nutritional feed additives.

Veterinary pharmaceutical producers have started using Stem Cell Therapy as an animal medicine due to its excellent capabilities of healing arthritis or animal injury. Stem Cell Therapy is a process of injecting stem cell into the body of the animal to replace the damaged cells of the body, are the major trends witnessed in the global animal medicine market.

The global animal medicine market is primarily driven by favorable government policies, emerging markets growth, increased pet spending, increased pet ownership by gen X and Y adults.

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The global animal medicine market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With economic growth, wildlife conservation, economic growth, emerging markets growth, the global animal medicine market is expected to increase in potential and scope. TBRC’s report also covers the animal medicine drivers and restraints in the market.

The global animal medicine market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global animal medicine market report are Zoetis Inc., Boehringer Ingelheim GmbH, Bayer AG., Elanco Animal Health (Eli Lilly and Company), Ceva Santé Animale..

Animal Medicine Market Segmentation

The global animal medicine market is further segmented based on type and geography.

By Type - The animal medicine market is segmented into veterinary pharmaceuticals, feed additives veterinary vaccines, veterinary antibiotics, veterinary parasiticides, others - veterinary pharmaceuticals, medical feed additives, nutritional feed additives.

By Geography - The global animal medicine is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America animal medicine market accounts the largest share in the global animal medicine market.

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