Global Veterinary Antibiotics Market to Surpass US$1.93

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Seattle, Aug. 10, 2022 (GLOBE NEWSWIRE) — According to Coherent Market Insights, the veterinary antibiotics market is estimated at US DOLLARS$ 1.43 bmillion in 2022 and should present a CAGR of 3.8% during the forecast period (2022-2030).

Key trends and analysis of Global Veterinary antibiotics Market:

The major players operating in the market are focusing on adopting growth strategies such as technological advancements and approval of new products, which is expected to drive the growth of the market over the forecast period. For example, in August 2018, Bayer launched i-COWNT BRD, a new online comparison tool designed to help veterinarians make more informed treatment decisions for bovine respiratory disease (BRD). It is based on an independent meta-analysis comparing mixed treatments from BRD treatment studies. I-COWNT BRD simplifies the analysis of scientific data to enable veterinarians to select the most effective antibiotic for treatment.

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Main market takeaways:

The global veterinary antibiotics market is expected to show a CAGR of 3.8% during the forecast period due to the advancements in companion animal medicine and surgery, there will be an increasing demand for suitable antibiotics.

Among the product types, the antibacterial segment is expected to hold a dominant position during the forecast period, due to benefits such as preventing and treating animal diseases, protecting public health, and increasing the animal production.

On the basis of end use, the dairy farm segment is expected to hold a dominant position over the forecast period as the use of antibiotics in food producing animals has resulted in healthier animals and more productive; reduced incidence of disease and reduced morbidity and mortality in humans and animals; and the production of large quantities of nutritious, high quality and inexpensive food for human consumption.

Competitive Landscape:

The major players operating in the global veterinary antibiotics market are Bayer AG, Boehringer Ingelheim GmbH, Ceva Sante Animale, Crystal Pharma, Dechra Pharmaceuticals PLC, Huvepharma AD, Eli Lilly Company, Elanco, Merck & Co., Inc., Sanofi SA, Vetoquinol SA, Virbac and Zoetis, Inc.

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Market segmentation :

  • Global veterinary antibiotics market, by product type:
    • Anti-parasitic
    • Antibacterial
    • Nonsteroidal anti-inflammatory drug
    • Others
  • Global Veterinary Antibiotics Market, By End Use:
    • Dairy farm
    • Poultry farm
    • Others
  • Global Veterinary Antibiotics Market, by Region:
    • North America
    • Latin America
      • By country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By country
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • The rest of Europe
    • Asia Pacific
      • By country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia-Pacific
    • Middle East
      • By country
        • GCC
        • Israel
        • Rest of the Middle East
    • Africa
      • By region/country
        • South Africa
        • central Africa
        • North Africa

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