PRESS RELEASE
Published February 1, 2023
The veterinary medicine market refers to the sale of products and services related to the diagnosis, treatment, and prevention of diseases and medical conditions in animals. This market includes pharmaceuticals, vaccines, diagnostic tools, medical devices, and veterinary services. The demand for veterinary medicine is driven by the increasing pet ownership and the growing concern for animal health and welfare. The market is highly competitive, with major players including Archer Daniels Midland, Boehringer Ingelheim International GmbH, Ceva Santé Animale, Dechra Pharmaceuticals PLC., Elanco Animal Health Incorporated., Evonik Industries AG (RAG Stiftung), Merck & Co., Inc., Soparfin SCA., Virbac SA., Zoetis Inc., etc.
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What is Veterinary Medicine?
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.
Impact Analysis – Veterinary Medicine Market Research
Analysts at Allied Market Research constantly monitor the Veterinary Medicine industry factors with impacts of current events; with this study an update of how industry players have tackled latest scenario and what key strategies have made significant difference is showcased.
Key Highlights from Veterinary Medicine Market Study.
Revenue and Sales Estimation – Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are ascertained in Veterinary Medicine industry evolution and predictive analysis.
FIVE FORCES ANALYSIS – In order to better understand Veterinary Medicine market condition five forces analysis is conducted that includes Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
Competition – Leading players have been studied from Veterinary Medicine Industry depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness – Veterinary Medicine report additionally provides distribution, Production, Consumption & EXIM** (Export & Import). ** If applicable
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Geographically, the following regions together with the listed national/local markets are fully investigated:-
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
– Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
– North America (U.S., Canada, and Mexico)- South America (Brazil, Chile, Argentina, Rest of South America)
– MEA (Saudi Arabia, UAE, South Africa)
The Latest Trends, Product Portfolio, Demographics, Geographical segmentation, and Regulatory Framework of the Veterinary Medicine Market have also been included in the study.
Veterinary Medicine Market Key Players: Zoetis, Inc., Merck & Co., Inc. (Intervet International B.V.), Elanco Animal Health, Dechra Pharmaceuticals PLC, Ceva Santé Animale, Virbac., Vetoquinol S.A., Boehringer Ingelheim International GmbH., ADM Animal Nutrition, Evonik Industries AG.
VETERINARY MEDICINE MARKET, BY PRODUCT: Drugs (Anti-infective, Anti-inflammatory, Parasiticide), Vaccines (Inactivated Vaccines, Attenuated Vaccines, Recombinant Vaccines)Medicated Feed Additives (Amino Acids,Antibiotics)
VETERINARY MEDICINE MARKET, By Route Of Administration: Oral Route, Parenteral Route, Topical Route
VETERINARY MEDICINE MARKET, By Animal Type: Companion Animals, Livestock Animals
VETERINARY MEDICINE MARKET, By Distribution Channel: Veterinary Hospital Pharmacies, Retail Veterinary Pharmacies
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