Veterinary Medicine Market
Demand for veterinary medicine is on the rise, owing to surge in adoption of veterinary medicine across the globe.
PORTLAND, OREGON, Aug. 3, 2022 /EINPresswire.com/ — Animals are integral part of human life as humans use them for food, labor, and companionship. In addition, animals suffer from various medical conditions which require immediate attention and treatment. Products such as drugs, vaccines, and medicated feed additives, which are used in the treatment of animals are defined as veterinary medicines. Due to the increasing adoption of veterinary medicines worldwide, the demand for veterinary medicines market is increasing. Moreover, rise in animal medical expenses across the globe is another major factor driving the market growth.
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
โข Archer Daniels Midland
โข Boehringer Ingelheim International GmbH
โข Ceva Santรฉ Animale
โข Dechra Pharmaceuticals PLC.
โข Elanco Animal Health Incorporated.
โข Evonik Industries AG (RAG Foundation)
โข Merck & Co., Inc.
โข Soparfin SCA.
โข Virbac SA.
โข Zoetis Inc.
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The major factors that contribute toward the growth of the veterinary medicine market include rise in number of pet owners and surge in livestock population across the globe. Furthermore, factors such as surge in prevalence of various medical conditions in animals and rise in demand for livestock products also boost growth of the veterinary medicine market. In addition, rise in animal healthcare expenditure is another major factor that fuels market growth.
The global veterinary medicine market is segmented on the basis of product, route of administration, animal type, distribution channel, and region to provide a detailed assessment of the market. By product, it is divided into drugs, vaccines, and medicated feed additives. The drugs segment is further divided into anti-infective, anti-inflammatory, and parasiticide. In addition, the vaccines segment is divided into inactivated vaccines, attenuated vaccines, and recombinant vaccines. Similarly, the medicated feed additives segment is divided into amino acids and antibiotics.
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โข By product, the vaccines segment occupied one-fourth share of the global veterinary medicine market in 2019
โข By route of administration, the parenteral route segment is anticipated to grow with the highest CAGR throughout the forecast period.
โข By distribution channel, the retail veterinary pharmacies segment accounted for more than half the share of the market in 2019.
โข By region, Asia-Pacific is anticipated to grow at the highest rate during the analysis period.
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๐๐ญ๐ก๐๐ซ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Wound Management Devices Market
Near Infrared Imaging Market
๐๐ ๐๐ฅ๐ฌ๐จ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
โข North America Veterinary Medicine Market
โข Japan Veterinary Medicine Market
โข South Korea Veterinary Medicine Market
โข Singapore Veterinary Medicine Market
โข Australia Veterinary Medicine Market
โข Europe Veterinary Medicine Market
โข China Veterinary Medicine Market
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David Correa
Allied Analytics LLP
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August 03, 2022, 07:04 GMT
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