Product ID: UCMIG35I2016
Veterinary Drug Market Size, Share, Growth Analysis, By Type(Anti-Infectives, Anti-Inflammatory), By Application(Pets, Cattle), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG35I2016 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Veterinary Drug Market Insights
Market Overview:
The primary driver of this market is the rise of zoonotic & chronic illness cases. Over the past few decades, the world's livestock population has likewise been expanding quickly. Additionally, rising R&D and procedural developments, the rate of pet adoption, rising meat consumption, and mandated vaccination are all predicted to increase the need for veterinary medications and animal vaccines in the near future. The need for better companion animal treatment choices is being driven by a rise in the number of pet owners, which is leading to an increase in the cost of pet health care. Additionally, the veterinary business is anticipated to benefit financially from R&D efforts that result in the creation of new products.
Veterinary Drug Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Veterinary Drug Market Report Snapshots
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