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 and 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 2029
The farm animal drug market is expected to witness market growth at a rate of 6.60% in the forecast period of 2022 to 2029. Data Bridge Market Research report on farm animal drug market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of farm animal drug market.
The farm animals drugs refer to the type of drugs which are specially designed for the treatment of the diseases related to animals. These drugs are specifically designed for diagnosis and prevention of diseases in animals. These kind of drugs are known to be useful for animals as it used to maintain good health of the farm animals. Some of the common products of the farm animal drugs are anti- inflammatory, anesthetics, and hormones, among others.
The rise in the consciousness regarding health of animals across the globe acts as one of the major factors driving the growth of farm animal drug market. The increase in the prevalence for branded and good quality pharmaceuticals and drugs, and surge in in the production of anti-infective and penetration of parasiticides accelerate the market growth. The increase in need for better productivity for populations looking for nutritious and disease-free food products, and growing demand for fresh meat, especially due to their protein content further influence the market. Additionally, growth in awareness, development in technology, rise in healthcare expenditure and awareness about common infections affecting food animals positively affect the farm animal drug market. Furthermore, innovation of novel formulations extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, lack of awareness about the usage of drugs for animal and strict government rules related to the usage of farm animal drugs are expected to obstruct the market growth. The lack of skilled and trained professionals is projected to challenge the farm animal drug market in the forecast period of 2022-2029.
This farm animal drug market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on farm animal drug market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global 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 analyze 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.
- On the basis of 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.
- On the basis of route of administration, the farm animal drug market is segmented into oral, parenteral, topical and others.
- On the basis of distribution channel, the farm animal drug market is segmented into veterinary hospitals, veterinary clinics, pharmacies and drug stores and others.
Farm Animal Drug Market Country Level Analysis
The farm animal drug market is analyzed and market size information is provided by country, product type, animal type, route of administration and distribution channel as referenced above.
The countries covered in the global 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).
Europe dominates the farm animal drug market due to the awareness about common infections affecting food animals within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2022 to 2029 because of the expanding livestock in the region.
The country section of the 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 analyzed 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, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related farm animal drug market.
Some of the major players operating 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 others.