Zion Market Research has published a new report titled “Veterinary Anti-Infectives Market by Species Type (Livestock and Companion), by Drug Class (Antimicrobial, Antiviral, Antifungal and Antiparasitic Agents), by Mode of Administration (Oral, Parenteral and Topical) and End-users (Veterinary Hospitals, Veterinary Clinics, Pharmacies and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, global veterinary anti-infectives market was valued at approximately USD 3,390 million in 2016 and is expected to generate revenue of around USD 4,364 million by end of 2022, growing at a CAGR of around 4.3% between 2017 and 2022.
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The discovery, development, and marketing of animal health anti-infective products are at an important crossroads. The convergence of market conditions, new regulatory guidance, political decisions and food safety concerns has led to a redirection of research away from traditional antibiotics and towards other products that have an increased probability of acceptance in the marketplace and shareholder return. Increasing incidence of zoonotic and food-borne disorders and the need of mitigating such diseases is projected to render an exponential growth for veterinary therapeutics, including veterinary anti-infectives.
The population of traditional companion animals, especially dogs and cats, has increased marginally in the last decade but the willingness of companion and livestock animal owners to spend more on their animals health and the ability of veterinarians to meet that need, have continued to be key drivers of this market, in spite of hindrances like shortage of veterinarians in emerging markets. Across developed countries, the ownership of companion and livestock animals of various known and exotic breeds has remained high for the last few decades. Developing countries are catching up in this regard as well. Across the world, livestock animals are majorly domesticated for their economic value. Dairy products, meat, fibers, and fertilizers derived from companion animals have considerable market value. In addition, their labor is put to use in agriculture and farming. Spurred by these factors the demand for veterinary drugs has increased as veterinarians and owners focus more on ensuring the health and wellness of companion pets.
The veterinary anti-infectives market is segmented on the basis of species type into livestock and companion animals. Livestock animal segment is expected to grow at fastest rate in the global market over the forecast period.
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Based on drug class the market is segmented into antimicrobial agents, antiviral agents, antifungal agents and antiparasitic agents. Antimicrobial agents segment is expected to grow at fastest rate in the global market over the forecast period. By mode of administration, the market is segmented into oral, parenteral and topical of which oral route of administration segment is expected to grow at fastest rate in global market over the forecast period
Veterinary hospitals, veterinary clinics, pharmacies and others are the key end-users of the global veterinary anti-infectives market. The veterinary clinic’s segment dominated the market in terms of revenue in 2016.
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of global veterinary anti-infectives market. North America is anticipated to remain the leading region over the forecast period. The U.S. market is expected to grow at the highest CAGR mainly due to immense per capita health expenditures, and significant investments in R&D for effective treatment alternatives. The Asia Pacific is expected to be the fastest growing region in veterinary anti-infectives market during the forecast period. Moreover, the Middle East and Africa and Latin America are also expected to show considerable growth in this market owing to increased government funding and a high burden of diseases.
Some of the key players in veterinary anti-infectives market include Bayer AG, Dechra Pharmaceuticals Ltd., Neogen Corporation, Phibro Animal Health Corporation, Vetoquinol S.A., Intas Pharmaceuticals, Inc., Ceva Santé Animale, Zydus Animal Health Limited, Cipla Limited, Heska Corporation, Virbac S.A., Zoetis, Inc., and Elanco Animal Health (Eli Lilly and Company). Product differentiation, new product launches, geographic expansion and merger and acquisition are some of the strategies adopted by these industry participants.
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This report segments the global veterinary anti-infectives market as follows:
Global Veterinary Anti-Infectives Market: Species Segment Analysis
Global Veterinary Anti-Infectives Market: Drug Class Segment Analysis
- Antimicrobial Agents
- Antiviral Agents
- Antifungal Agents
- Antiparasitic Agents
Global Veterinary Anti-Infectives Market: Mode of Administration Segment Analysis
Global Veterinary Anti-Infectives Market: End-user Segment Analysis
- Veterinary Hospitals
- Veterinary Clinics
Global Veterinary Anti-Infectives Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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