Global Animal Drugs Sales Market to Witness Robust Growth through 2021, Driven by Growth in Pet Ownership and Pharmaceuticals


Published on : Jul 19, 2017

Albany, New York, July 19, 2017: In recent years, increasing investments in research and development to develop more effective and safe veterinary drugs with fewer side effects has grown, which has positively impacted the market growth of animal drugs industry. Recently, a new study titled “Global Animal Drugs Sales Market Report 2017” has been published to the wide repository of Market Research Hub (MRH), which analyzes that the market for animal drugs will exhibit robust growth during the forecast period of 2017 to 2021. The prime objective of the study is to analyze market future growth prospects, by considering sales value (K Units), revenue (Million USD), market share as well as growth rate of animal drugs for some prime regions.

Initially, the global animal drugs market report comprises an elaborate executive summary, which includes market snapshot that provides information about various segments. Additionally, as detailed qualitative analysis of drivers and restraints, opportunities and trends have been provided in the market overview section. In the next section, the report analyzes the animal drug sales market by product, end users/application. The study then shifts the focus over the market size and analysis by regions. The main regions used for this market evaluation are the United States, EU, Japan, China, India and Southeast Asia. In these regions, the report focuses on top players along with their major details including price, market share, sales, and revenue, which has been reviewed during the period of 2012 to 2017.

Veterinary drugs have established importance in the treatment of numerous diseases growing in animals. Veterinary drugs including antibiotics and amino acids are developed in order to minimize the attack of harmful virus and bacterial parasites in animals. Nowadays, rise in the number of pet ownership and increasing concern towards health and well-being of animals among the owners are some of the key elements which are expected to bolster the demand for animal drugs in near future. Additionally, introduction of animal immunization policies by the government organizations in many developing nations such as China is likely to shift consumers from conventional treatments to advanced animal drugs.

In terms of animal type, the global animal drugs market is segregated into companion animal and livestock animal. Of these, the livestock animal segment held the largest market share in 2015 on account of the demand for high-quality protein and poultry meat. On the basis of product, the market covers Anti-infective, Parasiticides and Anti-inflammatory.

Furthermore, the report also identifies and assesses top vendors in the market, such as Zoetis, Elanco Animal Health, Merck, Boehringer Ingelheim, Virbac, Bayer, Vetoquinol, Ceva and Dechra. These players have been presented along with various attributes such as company overview, product portfolio, SWOT analysis and recent developments. The concluding sections of the report covers, manufacturing cost analysis, industrial chain analysis, marketing strategy and market effect factor analysis.

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