Global Farm Animal Drug Market, By Product Type (Anti-Infective, Parasiticides, Anti-inflammatory, Anesthetics, Analgesics, Hormones and Related Products, Others), Animal Type (Livestock Animals, Equine), Route of Administration (Oral, Parenteral, Topical, Others), Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Pharmacies & Drug Stores, Others), Country (U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
The farm animal drug market is expected to gain market growth at a potential rate of 6.53% in the forecast period of 2020 to 2027. Rising usage of farm drugs in medical substances is the vital factor escalating the farm animal drug market growth.
The farm animals drugs are that type of drugs which are specially designed for the treatment of the diseases related to animals. They are mainly designed for diagnosis and prevention of diseases in animals. They are very useful for animals as it used to maintain good health of the farm animals. Anti- inflammatory, anesthetics, hormones, anti- effective among others are some of the common products of the farm animal drugs.
Rise in the prevalence for branded and good quality pharmaceuticals and drugs will uplift the market growth, also increase in the production of anti-infective and penetration of parasiticides, rise in the demand for contaminated free meats and protein and rise in the awareness of the diagnosis and treatment of bird flu and avian influenza are some of the crucial factors among others driving the farm animal drug market growth. Moreover, rise in the research and development activities in the market and increase in the demand from emerging economies will further create new opportunities for the farm animal drug market in the forecast period of 2020-2027.
However, lack of awareness about the usage of drugs for animal, strict government rules related to the usage of farm animal drugs and lack of skilled and trained professionals are the major factors among others acting as restraints, and will further challenge the farm animal drug market in the forecast period mentioned above.
The farm animal drug market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the farm animal drug market scenario contact Data bridge market research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Farm Animal Drug Market Scope and Market Size
The farm animal drug market is segmented on the basis of product type, animal type, route of administration and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the farm animal drug market is segmented into anti-infective, parasiticides, anti-inflammatory, anesthetics, analgesics, hormones and related products and others. Parasiticides have been further segmented into endo-parasiticides, ecto-parasiticides and endectocides.
- Based on animal type, the farm animal drug market is segmented into livestock animals and equine. Livestock animals have been further segmented into ruminants, swine and poultry.
- Based on route of administration, the farm animal drug market is segmented into oral, parenteral, topical and others.
- The farm animal drug market is also segmented on the basis of distribution channel into veterinary hospitals, veterinary clinics, pharmacies and drug stores and others.
Farm Animal Drug Market Country Level Analysis
The farm animal drug market is analysed and market size information is provided by country, product type, material, application and distribution channel as referenced above.
The countries covered in the farm animal drug market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the farm animal drug market due to increase in the production of anti-infective and penetration of parasiticides and rise in the demand for contaminated free meats and protein in this region. Europe is the expected region in terms of growth in farm animal drug market due to the rise in the awareness of the diagnosis and treatment of bird flu and avian influenza in this region.
The country section of the farm animal drug market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
The farm animal drug market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and Farm Animal Drug Market Share Analysis
The farm animal drug market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to farm animal drug market.
The major players covered in the farm animal drug market report are Bayer AG, Boehringer Ingelheim International GmbH, Ceva, Elanco, Idexx Laboratories, Merck KGaA, Phibro Animal Health Corporation., Vetoquinol, Virbac, Zoetis, Kyoritsuseiyaku Corporation, Nippon Zenyaku Kogyo Co., Ltd., Alembic Pharmaceuticals Limited., SeQuent, Ashish Life Science., Ouro Fino Saude Animal and Dechra Pharmaceuticals. Among other domestic and global players, the farm animal drug market share data is available for global, North America, South America, Europe, Asia-Pacific (APAC) and Middle East and Africa (MEA) separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Farm Animal Drug Market
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