Animal Medicine Market Size, Growth, Opportunity and Forecast to 2030

Posted by srikanth on May 21st, 2021

The Animal Medicine Global Market Report 2020-30 by The Business Research Company describes and explains the global animal medicine market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.

The Animal Medicine Global Market Opportunities And Strategies Report covers animal medicine market drivers, animal medicine market trends, animal medicine market segments, animal medicine market growth rate, animal medicine market major players, and animal medicine market size.

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The animal medicine market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.

Animal Medicine Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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Trends in the market include:

Production Of Combination Medicated Feed Additives -

Veterinary medicines manufacturers have started increasingly producing combination medicated feed additives to improve efficiencies of the end product. Medicated feed additives in general help maintain animal health and promote growth and feed efficiency. They are usually promoted as an extra nutrient or drug for livestock. Medicated feed additives include vitamins, amino acids, fatty acids, pharmaceuticals, minerals, growth hormones and fungus. Around 70% of companies in the medical feed additives market are introducing new medicated feed additives formed as a result of a combination of two or more medicated feed additives to improve the efficiency of the product. For instance, in November 2018, Zoetis, the world’s largest producer of veterinary medicines, received an approval from the US FDA (Food and Drug Administration) for Cyden and Lincomix, a combination feed additive proposed to be used as a medicated feed additive for poultry.

Strategic Collaborations And Partnerships To Drive Innovations -

Companies in the animal medicine industry are increasingly collaborating and partnering with other players to drive product innovations. To succeed in the increasingly competitive animal medicine market, veterinary medicines companies are entering into new geographies and developing innovative products through sharing skills and expertise with other players. In April 2019, Bayer AG, a German pharmaceutical and life sciences company, collaborated with Adivo GmbH, a biotech company generating therapeutic antibodies for companion animals, to develop therapeutic antibodies for veterinary medicine. Similarly, in June 2018, Merck & Co.’s subsidiary, MSD Animal Health, announced a strategic partnership with Vinovo B.V., a division of Viscon Hatchery Automation, the leading hatchery automation company, to provide a new standard in safe and effective in ovo vaccination to improve bird welfare, reduce vaccine reactions and provide improved protection for the poultry.

The market is segmented:

By Type of Medicine-

  a. Veterinary Pharmaceuticals

  b. Feed Additives

By Type Of Additive Feed additives

  a. Antibiotics

  b. Amino Acids And Antioxidants

  c. Vitamins, Acidifiers

  d. Enzymes

  e. Others

By Type of Animal -

  a. Cattle (Dairy And Meat Purposes)

  b. Poultry

  c. Other Farm Animals

  d. Dogs And Cats

  e. Other Companion Animals

By Drug Type -

  a. Branded

  b. Generic

By Type of Prescription -

  a. OTC

  b. Prescription

By Route of Administration -

  a. Oral

  b. Intravenous

  c. Subcutaneous

  d. Others

By Distribution Channel -

  a. Vet Services

  b. Online

  c. Others

By Level Of Regulation-

  a. Highly Regulated Countries

  b. Loosely Regulated Countries


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