The new report by SPER Market Research titled, ‘Global Animal Medicine Market Size Report and Forecast 2022-2027’, gives an in-depth analysis of the global animal medicine market, assessing the market based on its segments like major device types, applications, and regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2022-2030)
|• Forecast CAGR (2022-2030):||7.1%|
|• Forecast Market Size (2030):||54.97 billion|
A significant improvement in the animal medicine market is the development of medicated feed additives. In general, medicated feed additives support development, feed proficiency, and animal health maintenance. They comprise development chemicals, organisms, prescriptions, minerals, nutrients, amino acids, and unsaturated fats. To increment fabricating productivity, makers of animal medications have increased the amount of medicated feed additives they produce.
For example, in January 2020, US-based ingredient producer Kemin Industries unveiled VANNIXTM C4, a cutting-edge phytogenic feed added for poultry intestinal health. To reduce the impact of intestinal issues on chicken execution, VANNIX C4 is a probiotic feed-added substance detailing stomach well-being-sustaining substances.
By Product, The market can be segmented into:
- Cattle Dogs and Cats
By Type, The market can be divided into:
- Veterinary Pharmaceuticals
- Feed Additives
By Distribution Channel, The market can be categorized into:
- Veterinary services
By Route of Administration, The market can be distributed into:
- Intravenous Subcutaneous
The regional segments of the Market:
- North America
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
Key Market Players:
The Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Animalcare, Agrovet Market Animal Health, BASF India Ltd., Bayer, Animal Health Cadila Vaccines Ltd., Bimeda, Boehringer Ingelheim GmbH, Ceva Santé Animale, Century Vaccines Limited, Chemo Argentina, DBK Pharma S.A.E., Elanco Animal Health Incorporated, HIPRA, IDT Biologika, Interfeed, Jurox Pty Ltd, Kyoritsu Seiyaku Corporation, Merck Animal Health, MSD Animal Health, Nimrod Veterinary Products Ltd., Novartis Animal Health, Phibro Animal Health Corporation, Sanofi Animal Health Inc., UCBVET, Virbac RSA, Zoetis India.
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