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Veterinary Medicine Market: Global Opportunity Analysis and Industry Forecast

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 the veterinary medicine market growth. In addition, rise in animal healthcare expenditure is another major factor that fuels growth of the market. However, lack of veterinary infrastructure facilities in underdeveloped nations and stringent regulations associated with medicate feed

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Veterinary Medicine Market: Global Opportunity Analysis and Industry Forecast

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  2. The veterinary medicine market accounted for $22,973 million in 2019, and is expected to reach $29,698 million by 2027, registering a CAGR of 4.6% from 2020 to 2027.  Veterinary medicine is termed as any product used to treat various medical conditions in animals. For instance, veterinary medicine include drugs such as anti-infective drugs and parasiticides, which are administered orally in animals. Similarly, veterinary medicine also includes vaccines, which are used to build immunity in animals against various infectious diseases such as equine influenza (EIV) and parainfluenza 3-respiratory syncytial. In addition, they also include medicated feed additives, which are mixed with animal feed to provide pharmaceutical effects in animals. Moreover, veterinary medicine is used in various type of animals including companion animals such as dogs and cats and livestock animals such as cattle, pigs, and poultry. Download Report Sample @ https://www.alliedmarketresearch.com/request-sample/3366 Veterinary Medicine Market Download Report Sample

  3. Some medical conditions in animals that are treated using veterinary medicine include pain and inflammation associated with osteoarthritis, hookworm, whipworm, infections, and others. 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 the veterinary medicine market growth. In addition, rise in animal healthcare expenditure is another major factor that fuels growth of the market. However, lack of veterinary infrastructure facilities in underdeveloped nations and stringent regulations associated with medicate feed additives restrict veterinary medicine market growth Inquire before buying @ https://www.alliedmarketresearch.com/purchase-enquiry/3366 Veterinary Medicine Market Download Report Sample

  4. 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. Asia-Pacific is expected to exhibit fastest growth rate, owing to surge in awareness related to use of veterinary medicines. Other factors that boost growth of the market include surge in awareness related to animal health and rise in ownership of companion animals in the region. Customization request @ https://www.alliedmarketresearch.com/request-for-customization/3366 Veterinary Medicine Market Download Report Sample

  5. The Major Key Players Are: • Archer Daniels Midland • Boehringer Ingelheim International GmbH • CevaSantéAnimale • Dechra Pharmaceuticals PLC. • Elanco Animal Health Incorporated. • Evonik Industries AG (RAG Stiftung) • Merck & Co., Inc. • Soparfin SCA. • Virbac SA. • Zoetis Inc. Veterinary Medicine Market Download Report Sample

  6. Key Findings of the Study: • By product, the vaccines segment occupied one-fourth share of the global veterinary medicine market in 2019 • By route of administration, the parenteral route segment is anticipated to grow with the highest CAGR throughout the forecast period. • By distribution channel, the retail veterinary pharmacies segment accounted for more than half the share of the market in 2019.  • By region, Asia-Pacific is anticipated to grow at the highest rate during the analysis period. Veterinary Medicine Market Download Report Sample

  7. Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Veterinary Medicine Market Download Report Sample

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