Veterinary Drug Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Veterinary drug market is anticipated to grow at a significant CAGR during the forecast period. The major factors that are expected to accelerate the growth of the market during the forecast period include the increasing burden of chronic diseases among animals, the growing adoption of pets, and the increase in drug preferences by pet and poultry farm owners, coupled with increased demand for meat and animal-based products. As per the Centers for Disease Control and Prevention (CDC), zoonotic diseases are very common, both in the US and around the world. It is estimated that more than 6 out of every 10 known infectious diseases in people can be spread from animals, and over 3 out of every 4 new or emerging infectious diseases in people come from animals. Moreover, increasing meat consumption is another major factor that is propelling the growth of the market during the forecast period. 

Veterinary drugs are used by veterinary professionals to treat diseases, injuries and support the growth of animals. These are majorly used to cure diseases and prevent the spread of infectious diseases among animals. These drugs indirectly benefit human healthcare by restricting the spread of infectious diseases from animals to humans. Moreover, increasing R&D investments, high pet adoption rate, and growing consumption of meats and mandatory vaccination for the animals are anticipated to boost demand for veterinary drugs for animals in the near future. 

Recent Development

•       In October 2019, Ceva entered into an agreement with ProBioGen AG for manufacturing vectorized poultry vaccines using ProBioGen’s proprietary AGE1.CR technology. This agreement has led both companies to expand their long-term partnership and long track record of developing innovative vaccines.

To Request a Sample of our Report on Veterinary Drug Marke:  https://www.omrglobal.com/request-sample/veterinary-drug-market-overview

Market Coverage

•       The market number available for – 2022-2030

•       Base year- 2022

•       Forecast period- 2023-2030

Segment Covered- 

·                  By Product Type 

·                  By Route of Administration

Regions covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·        Rest of the World

Competitive Landscape: Zoetis Inc., Virbac S.A., and Elanco Animal Health Inc., among others.

A full Report of Veterinary Drug Market is Available @  https://www.omrglobal.com/industry-reports/veterinary-drug-market-overview

Veterinary Drug Market Report by Segment

By Product Type

•       Anti-infectives

•       Anti-Inflammatory

•       Parasiticides

•       Vaccines

•       Others

By Route of Administration

•       Oral

•       Parenteral

•       Topical

Veterinary Drug Market by Region

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

•                 Latin America

•                 Middle East and Africa

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2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

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Contact Person: Mr. Anurag Tiwari

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