Global Veterinary Medicines Market to Observe a Growing Trend due to Increasing Livestock Population
Inkwood
Research estimates that the Global Veterinary Medicines Market is predicted to
evolve at a CAGR of 4.53% in terms of revenue during the forecasting years of
2019-2028.
“Browse 46 Market Data Tables and 52 Figures
spread over 215 Pages, along with an in-depth TOC on the Global Veterinary
Medicines Market Forecast 2019-2028.”
REQUEST CUSTOMIZATION LINK – https://www.inkwoodresearch.com/request-for-custom-report/
REQUEST FREE SAMPLE LINK - https://www.inkwoodresearch.com/reports/veterinary-medicines-market/#request-free-sample
VIEW TABLE OF CONTENT LINK - https://www.inkwoodresearch.com/reports/veterinary-medicines-market/#table-of-contents
BUY NOW- https://www.inkwoodresearch.com/reports/veterinary-medicines-market/
Veterinary medicines are characterized by
drugs and other preparations employed for treating animals. For instance,
preparations like medicated feed additives and vaccines are used to treat
numerous medical complications, in animals. Moreover, such medicines also
include various kinds of products like anti-infective drugs, typically used to
kill, prevent, or delay the growth of fungi, bacteria, as well as various other
infection-causing organisms. Anti-inflammatory drugs are also classified under
veterinary medicines, and are regularly used for inflammation and pain-relief
linked with osteoarthritis, and other medical ailments in companion animals and
livestock.
Surging
Livestock Population Projected to Propel Market Growth
Livestock plays a crucial role in the
economy. For instance, statistics depict that livestock accounts for nearly 40%
of the global agricultural gross domestic product (GDP), thereby making
animal-health an essential part of the world’s economic foundation. As a
result, farm owners, worldwide, are continually trying to increase the number
of livestock animals within their facilities. According to the United States
Department Agriculture National Agricultural Statistics Service (USDA-NASS),
the country’s cattle and calves inventory has displayed a significant increase
over the recent years, to more than 94 million. Likewise, beef cows comprised
over 77% of the total cow inventory, as of January 2018. Moreover, as a
predominantly agricultural country, India has observed a remarkable growth in
the livestock population, for a long period. Thus, the surging livestock
population is anticipated to create an increased demand for veterinary
medicines.
To know more about this report, request
a free sample copy.
Vaccines
are the Fastest-Growing Product
Veterinary vaccines entail pharmaceutical
preparations providing animals with immunity against certain infectious medical
diseases. It is also administered to pets and livestock animals as they are
vulnerable to a vast range of medical conditions caused by bacteria, and
viruses. As a result, vaccines are recognized as an effective medium for
minimizing disease-burden in such animals. Besides, they are also employed for
affordably raising livestock production, and preventing animal-to-human
transmission of diseases from livestock and domestic animals.
North
America Dominated the Global Market in 2019
North America is projected to maintain a
growing trend over the forecast period, mainly due to the presence of key
players within the region. Moreover, factors such as the growing demand for
innovative veterinary treatment options, and increased animal expenditure are
anticipated to bolster the North America veterinary medicines market growth.
The industrial rivalry across the global
market is expected to remain high during the forecast years, since the market
is dominated by players that account for the majority of the revenue. Some of
the distinguished enterprises operating in the market include, Elanco, Virbac
SA, Boehringer Ingelheim Animal Health GmbH, Merck & Co, etc.
About
Inkwood Research
Inkwood Research specializes in syndicated
& customized research reports and consulting services. Market intelligence
studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises of North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
Contact Us
https://www.inkwoodresearch.com
+1 857-302-4704
Related
Reports:
GLOBAL
VETERINARY VACCINES MARKET
GLOBAL
VETERINARY IMAGING MARKET
GLOBAL
ANIMAL NUTRITION MARKET
Comments
Post a Comment