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Veterinary Medicine Market – Opportunities and Strategies – Global Forecast to 2030
Business Research Company’s Veterinary Medicine Market – Opportunities and Strategies – Global Forecast to 2030
LONDON, GREATER LONDON, UK, December 7th, 2021 /EINPresswire.com/ – The global veterinary market is forecast to grow from $ 42.47 billion in 2019 at an annual average growth rate (CAGR) of 6.53% nearly $ 54.69 billion by 2023. The market is also expected to reach $ 62.01 billion at a CAGR of 6.48% in 2025 and to $ 85.06 billion in 2030 a CAGR of 6.53% increases.
Veterinary drug manufacturers have increasingly begun to produce combined medicated feed additives to improve the efficacy of the end product. Medical feed additives generally help maintain animal health and promote growth and feed efficiency. They are usually advertised as an additional nutrient or medicine for farm animals. Medicinal feed additives include vitamins, amino acids, fatty acids, pharmaceuticals, minerals, growth hormones and mushrooms.
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Veterinary companies are increasingly collaborating and partnering with other players to drive product innovation. To thrive in the increasingly competitive veterinary market, veterinary drug companies are entering new regions and developing innovative products by sharing their skills and expertise with other players.
The key players in the global veterinary industry include Zoetis, Inc., Boehringer Ingelheim GmbH, Merck & Co., Elanco Animal Health Inc., Bayer AG.
Read more about the global Animal Health Market report:
The veterinary drug market consists of the sale of veterinary drugs and related services by companies (organizations, sole proprietorships, and partnerships) that manufacture veterinary drugs to treat animal diseases and / or to improve animal performance and health. The veterinary industry includes businesses that manufacture veterinary medicines such as veterinary vaccines, veterinary antibiotics, and other veterinary drugs, as well as businesses that manufacture medicinal feed additives and food feed additives.
The Veterinary Market is divided into Veterinary Medicines, Feed Additives, Antibiotics, Amino Acids & Antioxidants, Vitamins, Acidulants, Enzymes, Other, Cattle (dairy and meat purposes), Poultry, Other Farm Animals, Dogs and Cats, Other Pets, Brands, Generics, OTC , prescription, oral, intravenous, subcutaneous, other, veterinary services, online, other, highly regulated countries, weakly regulated countries.
Veterinary Market Opportunities and Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that summarizes the Veterinary Market, the forecast size and growth of the Veterinary Market for the whole market, Veterinary market segments and regions, market trends for Veterinary Medicine, Veterinary Market Drivers, Restrictions, Revenues, Profiles and Market Shares of Leading Competitors.
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Here is a list of similar reports from the corporate research firm:
Global Veterinary Medicines Market Report 2020-30: Impact And Recovery From COVID-19
Global Veterinary Services Market Report 2021 – By Type (Animal Hospitals and Clinics, Veterinary Laboratory Testing Services), By Species (Livestock, Service Animals), By Spending Type (Public, Private), By Type of Service (Onsite, Offsite), Impact, and Recreation from COVID-19
Global Veterinary Antibiotics Market Report 2021 – by Product (Antiparasitic, Antibacterial, Nonsteroidal Anti-Inflammatory Drug), by End-User (Farm Animals, Companion Animals), by Administration (Premixes, Injections, Oral Powders, Oral Solutions), Effects & Recovery from COVID-19
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December 07, 2021 09:23 GMT
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