Veterinary Generics Market

Posted by ahila on May 7th, 2018

Global veterinary generics market is anticipated to offer potential growth opportunities for the market players over the forecast period.

Rapid evolutions of generic molecules with similar therapeutic activity, the cost-effectiveness of the products are enabling to attract the customers towards the veterinary generics. The active pharmaceutical ingredient (API) of the generic molecule must be bioequivalent to the patented product. Veterinary pharma companies are focused on production generic molecules in order to meet the unmet need in the market.

Increased adoption of small animals such as dogs and cats are trending from the past few years. The rise in the prevalence of various diseases like osteoarthritis (OA), chronic cancer pain, inflammation, other skin allergies are expected create demand for veterinary generics market.

The generic products have cost less than the branded products, so the cost of the treatment will reduce. This enables greater margin on the farm with same desired effects and ensures good welfare standards.

Increasing farm animal and poultry industry across the globe is expected to create the demand for veterinary generics market. Favorable government policies to enhance the farm animal production create awareness about various diseases and treatment methods are expected to create demand for veterinary generics market over the forecast period. Furthermore, increased awareness regarding veterinary generic drugs among veterinary professionals is expected to fuel veterinary generics market.

Veterinary generics market has been segmented on the basis of product, application, animal type, an end user.

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Veterinary generics market has been segmented on the basis of product, application, animal type, an end user.

Based on product type, Veterinary Generics market has been segmented into the following:

• Antibiotics
• NSAIDS
• Veterinary antifungal drugs
• Veterinary antihelminthics
• Veterinary biologics

Based on the animal type, Veterinary Generics market has been segmented into the following:

• Small pets

o    Canine

o    Feline

• Swine
• Bovine
• Horses
• Others

Based on the end user, Veterinary Generics market has been segmented into the following:

• Veterinary hospitals
• Veterinary clinics

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