About Animal Antibiotics and Antimicrobials
Increasing demand for pet insurance, rising animal health spending and Growing demand for animal-derived food products will help to fuel Animal Antibiotics and Antimicrobials in the forecasted period. Animal antibiotics and antimicrobials can be used in those animals which contribute to the development of antimicrobial resistance in bacteria that may be transmitted to persons, there for it decreases the efficiency of antimicrobial drugs for handling the human disease. Growing initiatives regarding animal health and welfare are anticipated to support the whole global market for animal antimicrobials and antibiotics.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States and Europeam Players will contribute the maximum growth to Global Animal Antibiotics and Antimicrobials market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zoetis, Inc. (United States), Merck & Co., Inc. (United States), Bayer AG (Germany), Eli Lilly and Company (United States), Virbac (France), Boehringer Ingelheim GmbH (Germany), Ceva Sante Animale (France), Vetoquinol S.A. (France), Sanofi (France) and Dechra Pharmaceuticals PLC (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Elanco Animal Health (United States) and Novartis International AG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Animal Antibiotics and Antimicrobials market by Type (Etracyclines, Penicillins, Macrolides, Aminoglycosides, Sulfonamides, Fluoroquinolones, Lincosamides, Cephalosporins and Other ), Application (Food-producing Animals and Companion Animals) and Region.
On the basis of geography, the market of Animal Antibiotics and Antimicrobials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mode of Delivery, the sub-segment i.e. Premixes will boost the Animal Antibiotics and Antimicrobials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Instances of Zoonotic Diseases will further Increase the Adoption and Continues Increase in Animal Health Expenditure
Market Growth Drivers:
Increasing Demand for Food Products Derived from Animals and Favorable Government Regulations in Preventing the Spread of Animal Diseases
Challenges:
Complex and Lengthy Approval Process for Antimicrobials and Antibiotics
Restraints:
Growing Threat of Substitutes such as New Antibiotics as well as it can be replaced by Good Husbandry and Hygiene Practices and Due to Increased Consumption, Growing Resistance Concerns to Antimicrobials and Antibiotics
Opportunities:
Upsurging Demand from the Untapped Emerging Economies and Robustly Growing Population for Companion Animals may further Increase the Demand
Key Target Audience
Animal Antibiotics and Antimicrobials Manufacturers, Animal Antibiotics and Antimicrobials Distributors and Traders, Upstream and Downstream Buyers, Government Agencies, Healthcare Industry Associations, Venture Capitalist, Animal Based Industry Associations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.