Global Animal Pharmaceutical Market Overview:
The animal pharmaceutical market is expected to witness significant growth over the forecast period owing to growing incidences of zoonotic diseases caused by climate change, increasing healthcare infrastructure, pet ownership and technological development in genomics and biotech. Further, increasing demand from the developing economies and rising government initiatives to promote animal healthcare products expected to drive the demand for animal pharmaceutical market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Pet Ownership and Increasing concern about pet health and welfare
Market Growth Drivers:
Increasing prevalence of zoonotic diseases, Rising veterinary Healthcare expenditure and Government initiatives to promote Animal Healthcare products
Restraints:
The Rising Cost of Animal Pharmaceuticals and Stringent Government Regulation
Opportunities:
Technological Development in Genomics and Biotech and Increasing Need of Advanced vaccines and pharmaceuticals
Competitive Landscape:
Some of the key players profiled in the report are Zoetis, Inc. (United States), Bayer AG (Germany), Boehringer Ingelheim GmbH (Germany), Eli Lilly and Company (United States), Merck & Co., Inc. (United States), Vetoquinol (France), Virbac (France), Ceva Sante Animale (France), Aratana Therapeutics, Inc. (United States) and Other. Additionally, following companies can also be profiled that are part of our coverage like Dechra Pharmaceuticals plc (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global Animal Pharmaceutical market by 2028. Considering Market by Disease, the sub-segment i.e. Orthopedic Diseases will boost the Animal Pharmaceutical market. Considering Market by Distribution Channel, the sub-segment i.e. Retail will boost the Animal Pharmaceutical market. Considering Market by Animal, the sub-segment i.e. Cats will boost the Animal Pharmaceutical market.
What Can be Explored with the Animal Pharmaceutical Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Animal Pharmaceutical Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Animal Pharmaceutical
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Animal Pharmaceutical market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Animal Pharmaceutical market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Healthcare Organizations, Veterinary Hospitals & Clinics, Point-of-care Testing/In-house Testing Centers, Reference Laboratories, Industry Associations, Research Organizations and Consulting Companies, Organizations, Associations and Alliances, Government Bodies Such As Regulating Authorities and Policy Makers., Market Research and Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.