North America Accounts For Almost 60% Of The Global Animal Medicine Market

The Business Research Company’s Animal Medicine Market Report - Opportunities And Strategies - Forecast To 2030

The Business Research Company’s Animal Medicine Market Report – Opportunities And Strategies – Global Forecast To 2030

The Business Research Company’s Animal Medicine Market Report – Opportunities And Strategies – Global Forecast To 2030

LONDON, GREATER LONDON, UK, July 6, 2021 /EINPresswire.com/ — North America is the largest region in the global animal medicine market, accounting for 58% of the market in 2020. Asia Pacific is the second largest region, accounting for 18% of the global animal medicine market. Africa is the smallest region in the global animal health market.

The major players covered in the animal medicine industry are Zoetis Inc., Boehringer Ingelheim GmbH, Bayer AG., Elanco Animal Health (Eli Lilly and Company), Ceva Santé Animale.

The global animal medicine market is segmented by type into veterinary pharmaceuticals, feed additives, by type of animal into livestock, companion animals, and by end-use into veterinary hospitals, pharmacies and drug stores, veterinary clinics.

Subsegments covered are veterinary vaccines, veterinary antibiotics, veterinary parasiticides, other veterinary pharmaceuticals, medical feed additives, nutritional feed additives.

Read More On The Global Animal Medicine Market Report:
https://www.thebusinessresearchcompany.com/report/animal-medicine-market

Veterinary medicines manufacturers have started increasingly producing combination medicated feed additives to improve efficiencies of the end product. Medicated feed additives in general help maintain animal health and promote growth and feed efficiency. They are usually promoted as an extra nutrient or drug for livestock. Medicated feed additives include vitamins, amino acids, fatty acids, pharmaceuticals, minerals, growth hormones and fungus. Around 70% of companies in the medical feed additives market are introducing new medicated feed additives formed as a result of a combination of two or more medicated feed additives to improve the efficiency of the product. For instance, in November 2018, Zoetis, the world’s largest producer of veterinary medicines, received an approval from the US FDA (Food and Drug Administration) for Cyden and Lincomix, a combination feed additive proposed to be used as a medicated feed additive for poultry.

The global animal medicine market is expected to grow from $32.7 billion in 2020 to $37.88 billion in 2021 at a compound annual growth rate (CAGR) of 15.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The veterinary medicine market size is expected to reach $48.55 billion in 2025 at a CAGR of 6%.

Animal Medicine Market – By Type Of Medicine (Veterinary Pharmaceuticals, Feed Additives), By Type Of Additive (Antibiotics, Amino Acids And Antioxidants, Vitamins, Acidifiers, Enzymes, Others), By Type Of Animal (Cattle (Dairy And Meat Purposes), Poultry, Other Farm Animals, Dogs And Cats, Other Companion Animals), By Drug Type (Branded, Generic), By Type Of Prescription (OTC, Prescription), By Route Of Administration (Oral, Intravenous, Subcutaneous, Others), By Distribution Channel (Vet Services, Online, Others), By Level Of Regulation (Highly Regulated Countries, Loosely Regulated Countries), And By Region, Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides animal medicine market overview, forecast animal medicine market size and growth for the whole market, animal medicine market segments, and geographies, animal medicine market trends, animal medicine market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request For A Sample Of The Global Animal Medicine Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=1980&type=smp

Here Is A List Of Similar Reports By The Business Research Company:

Veterinary Pharmaceuticals Market – By Animal Type (Livestock, Companion Animal), By Type Of Pharmaceutical (Veterinary Parasiticides, Veterinary Vaccines, Veterinary Antibiotics, Others), By Administration Route (Oral, Others), By End Use, And By Region, Opportunities And Strategies – Global Forecast To 2030
https://www.thebusinessresearchcompany.com/report/veterinary-pharmaceuticals-market

Veterinary Antibiotics Global Market Report 2021: COVID 19 Impact and Recovery to 2030
https://www.thebusinessresearchcompany.com/report/veterinary-antibiotics-global-market-report

Veterinary Parasiticides Global Market Report 2021: COVID 19 Impact and Recovery to 2030
https://www.thebusinessresearchcompany.com/report/veterinary-parasiticides-global-market-report

Veterinary Healthcare Market – By Type (Veterinary Services, Veterinary Medical Equipment And Animal Medicine), And By Region, Opportunities And Strategies – Global Forecast To 2023
https://www.thebusinessresearchcompany.com/report/veterinary-healthcare-market

Nutritional Feed Additives Global Market Report 2021: COVID 19 Impact and Recovery to 2030
https://www.thebusinessresearchcompany.com/report/nutritional-feed-additives-global-market-report

Interested to know more about The Business Research Company?
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

The Business Research Company
Email: info@tbrc.info
Follow us on LinkedIn: https://bit.ly/3b7850r
Follow us on Twitter: https://bit.ly/3b1rmjS
Check out our Blog: http://blog.tbrc.info/

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn

Related posts

Leave a Comment