Antiparasitics are the predominant segment in the veterinary antibiotics market according to the 2021 Global Veterinary Antibiotics Market Report by The Business Research Company
This report describes and assesses the global veterinary antibiotics market. It covers three five-year periods including 2015 to -2020, called historical period, forecast period 2020-2025 and 2025-2030 another forecast period.
LONDON, Nov. 02, 2021 (GLOBE NEWSWIRE) – According to The Business Research Company’s research report on Veterinary Antibiotics Market, the market is segmented by product into antiparasitics, antibacterials, and others. The anti-parasites Marlet was the largest segment of the veterinary antibiotics market segmented by product, representing 62.0% of the total in 2020 and is expected to be fastest growing segment go ahead, to a 16.1% CAGR in 2020-2025.
The antiparasitic market includes sales of veterinary antiparasitic drugs and related services by entities manufacturing veterinary antiparasitic drugs. Veterinary antiparasitics are used to kill parasites in animals. These drugs are administered orally in the form of pills, tablets, food additives, or by injection. Examples of veterinary antiparasitic drugs include Rumatel (morantel tartrate), Panacur (fenbendazole) and Mintezol (thiabendazole).
Companies in the veterinary antibiotic market are increasingly offering combination antiparasitics that help to better control common heartworms and intestinal fleas. The combination of certain compounds and targeted drugs that help control parasites before these organisms cause serious harm to animals. The increased efficiency and effectiveness of these products are an incentive for companies to invest in and manufacture combination pest control products. For example, in January 2021, German pharmaceutical company Boehringer Ingelheim received approval from the European Medicines Agency (EMA) for its NexGard COMBO which includes a combination of esafoxolaner – the new form of afoxolaner – combined with de eprinomectin and praziquantel. The topical parasiticide kills a wider range of parasites in cats, including external parasites such as fleas and ticks as well as internal parasites including tapeworms.
The Business Research Company report Veterinary Antibiotics Global Market Report 2021 – By Product (Antiparasitic, Antibacterial, Non-Steroidal Anti-Inflammatory Drug), By End User (Farm Animals, Companion Animals), By Administration (Premixes, Injections), Oral Powders, Oral Solutions), COVID-19 Impact And Recovery covers Major Veterinary Antibiotics Companies, Veterinary Antibiotics Market Share by Company, Veterinary Antibiotics Manufacturers, Veterinary Antibiotics Market Size, and Forecast veterinary antibiotics market. The report also covers the global veterinary antibiotics market and its segments.
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The veterinary antibiotics market is also segmented by end user into livestock and companion animals, and by oral administration and others.
The global veterinary antibiotics market is quite fragmented with a large number of small players in the market. The the ten best competitors on the market composed of 26.24% of the total market in 2020. The major market players are Boehringer Ingelheim GmbH, Zoetis Inc., Merck & Co., Inc., Elanco Animal Health Incorporated and Ceva Santé Animale.
The global veterinary antibiotics market size is expected to grow by $ 1.12 billion in 2020 to $ 1.22 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 1.53 billion in 2025 To 5.8% CAGR.
North America was the larger region in the global veterinary antibiotics market, representing 45.8% of the total in 2020. It was followed by Asia-Pacific, Western Europe, Eastern Europe and then the other regions. In the future, the fastest growing regions in the veterinary antibiotics market will be Africa and Eastern Europe where growth will be at CAGR of 22.98% and 20.59% respectively. These will be followed by South America and Asia Pacific, where the markets are expected to grow at CAGRs of 20.58% and 20.09% respectively, during the period 2020-2025.
Global Veterinary Antibiotics Market Report 2021 – The Impact and Recovery of COVID-19 is part of a series of new reports from The Business Research Company that provide overviews of the Veterinary Antibiotics market, antibiotics market analysis veterinary and a forecast of market size and growth for the whole market, veterinary antibiotics market segments and geographies, veterinary antibiotics market trends, veterinary antibiotics market drivers, veterinary antibiotics market restraints, Revenue, profiles and market share of the major competitors of the Veterinary Antibiotics market in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are backed by 150,000 datasets, in-depth secondary research and proprietary information from interviews with industry leaders. A team of highly experienced and expert analysts and modelers provide market analysis and forecast. The reports identify major countries and segments for opportunities and strategies based on market trends and approaches of major competitors.
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Global Veterinary Health Care Market Report 2021 – By Type (Veterinary Services, Veterinary Medical Equipment, Animal Medicine), By Animal Type (Livestock, Pets), Impact and Recovery of COVID-19
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