Veterinary Dermatology Drugs Market is projected to reach US$ 9.9 Bn by 2031, Increase in Inclination toward Preventive Healthcare and Use of Antifungal Medicines to Drive the Market, notes TMR Study

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ALBANY, NY, December 7, 2021 / PRNewswire / – Diseases such as protozoal parasites and helminth parasites are becoming increasingly common. The global animal dermatology drug market is estimated to be growing due to the introduction of better technologies such as molecular diagnostics for the early detection and treatment of these diseases.

Different clinical manifestations such as the stage of the disease, hereditary factors, size of the lesions, secondary infections, and climatic conditions can make an accurate diagnosis of the disease difficult. Itching is common in pets, and the most common cause is atopic dermatitis. Atopy is a hereditary predisposition to allergic diseases such as neurodermatitis (eczema), asthma and allergic rhinitis. Atopic dermatitis is the most common cause of rubbing, gnawing, biting, or ear infections in pets such as dogs and cats. It also causes other chronic diseases in pets.

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Dermatophytes cause a variety of zoonotic diseases and are believed to be responsible for approximately 80% of animal-borne human skin diseases. On the other hand, recent advances in veterinary drugs and therapies have proven effective in treating such disorders. In addition, manufacturers focus their efforts on research and development to ward off dermatophytes and related diseases. These advances are expected to encourage a number of pet owners to use animal dermatological drugs, which is likely to boost the market over the forecast period.

The global veterinary dermatological drug market was expanded to more than. estimated US $ 3.6 billion in 2020 and is expected to increase with a moderate CAGR in the forecast period from 2021 to 2031.

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Key Findings of the Market Report

  • Increase in pet acceptance and animal welfare concerns to fuel the global marketplace

Due to the growing knowledge in veterinary medicine, the global market for animal dermatology drugs has grown rapidly in recent years. The market is expected to develop in response to increasing urbanization and the increase in the number of pets. The increasing prevalence of atopic dermatitis in animals requires the development of more effective veterinary drugs. People, especially zookeepers and owners, are learning about veterinary skin problems, treatment alternatives, and various government programs to increase farm animal productivity. In addition, the world market is expected to grow due to an increase in the number of pets and the willingness of pet owners to pay for their care.

  • Increasing demand for antifungal agents for the treatment of dermatological diseases in animals

Antifungal drugs are used today to treat skin conditions in animals. Although griseofulvin is the only antifungal that the Food and Drug Administration (FDA) recommends for systemic therapy in veterinary medicine, a number of systemic antifungal agents also exist. The growth of generic formulations has resulted in a wide variety of low-cost drugs in the market today. The production of newer antifungal drugs such as voriconazole, fluconazole, itraconazole and posaconazole has been influenced by the formation of immunity in fungal organisms. It is estimated that the global animal dermatology drug market will be driven by effective and better treatment options in the years to come.

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Veterinary Dermatology Drugs Market: Growth Drivers

  • Due to the increased incidence of pustules, seborrhea, scales, eruptions, masses, wounds, alopecia and drainage routes in animals, North America is likely to have a prominent share of the Animal Dermatology Drugs market over the forecast period
  • Improvements in the medical and diagnostic treatment of pets, as well as the increase in pet ownership, are expected to benefit the global veterinary dermatological drug market

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Veterinary Dermatology Drugs Market: Main Competitors

Some of the key market players are

  • Novartis Animal Health
  • Some animal health
  • Bayer animal health
  • Boehringer Ingelheim Group
  • IDEXX laboratories
  • AB Science SA

Veterinary Dermatology Drugs Market: Segmentation

Product Type

  • Antifungal drugs
  • Antibacterial drugs
  • Antiparasitic Drugs

Management mode

Animal species

  • Big animals
  • Small animals

indication

  • Infectious diseases
  • Skin cancer
  • Autoimmune diseases of the skin
  • Parasitic Infections

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