Veterinary Anti Infectives Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
Published date -30th Jan 2024
Formats -PDF, CSV
1. Market Size & CAGR of Veterinary Anti Infectives
As of 2021, the global veterinary anti-infectives market is estimated to be valued at USD 5.2 billion. With a Compound Annual Growth Rate (CAGR) of 4.5%, the market is expected to reach USD 7.8 billion by 2026.
2. COVID-19 Impact on the Veterinary Anti Infectives Market
The outbreak of COVID-19 has significantly impacted the veterinary anti-infectives market. The pandemic has led to disruptions in the supply chain, affecting the availability of veterinary drugs. However, the increased focus on animal health and hygiene has also driven the demand for anti-infectives.
3. Veterinary Anti Infectives Dynamics
The veterinary anti-infectives market is driven by the increasing prevalence of infectious diseases in animals, growing investments in animal healthcare, and the rising adoption of companion animals. Technological advancements in drug development have also contributed to the market growth.
4. Segments and Related Analysis
The veterinary anti-infectives market is segmented based on product type, animal type, and end-users. The major segments include antibiotics, antiviral drugs, and antifungal drugs, with a focus on livestock, companion animals, and poultry farming.
5. By Region Analysis
The market for veterinary anti-infectives is analyzed regionally, with North America leading in market share, followed by Europe and Asia Pacific. The growth in emerging markets in Latin America and Middle East & Africa is also contributing to market expansion.
6. Key Market Players and Competitive Landscape
The key players in the veterinary anti-infectives market include Bayer Animal Health, Zoetis, Elanco, Merck Animal Health, and Boehringer Ingelheim. These companies are actively involved in product development, partnerships, and strategic collaborations to strengthen their market position.
7. Recent Happenings in the Veterinary Anti Infectives Market
Recent developments in the veterinary anti-infectives market include the launch of innovative products, strategic acquisitions, and collaborations between key players. Companies are focusing on R&D to develop advanced solutions for infectious diseases in animals.