Bharat Book Bureau Provides the Trending Market Research Report on “Global Veterinary Pharmaceuticals Market Opportunities And Strategies To 2030”under Life Sciences Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Veterinary Pharmaceuticals Global Market Opportunities And Strategies To 2030
Including: By Type Of Pharmaceutical: Veterinary Parasiticides; Veterinary Vaccines; Others - Veterinary Pharmaceuticals; Veterinary Antibiotics
By Animal Type: Livestock; Companion Animal
By Route of Administration: Oral; Others
By End-Use: Veterinary Hospitals; Pharmacies And Drug Stores; Veterinary Clinics
Covering: Zoetis Inc.; Boehringer Ingelheim International GmbH; Merck & Co., Inc.; Elanco Animal Health Inc.; Bayer AG
Veterinary Pharmaceuticals Global Market Opportunities And Strategies To 2030 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global veterinary pharmaceuticals market.

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Description:
Where is the largest and fastest growing market for the veterinary pharmaceuticals market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global veterinary pharmaceutical market report to 2030 from the Business Research Company answers all these questions and many more.

The report covers the following chapters

• Executive Summary – The executive summary section of the report gives a brief overview and summary of the report
• Report Structure – This section gives the structure of the report and the information covered in the various sections.
• Introduction - The introduction section of the report gives brief introduction about segmentation by geography and segmentation by type.
• Market Characteristics – The market characteristics section of the report defines and explains the veterinary pharmaceuticals market. This chapter includes different goods covered in the report and basic definitions.
• Supply Chain – The supply chain section of the report defines and explains the key players in the veterinary pharmaceuticals industry supply chain.
• Product Analysis – The product analysis section of the report describes the leading products in the market along with key features and differentiators for those products.
• Customer Information – This chapters covers recent customers’ trends/preferences in the global veterinary pharmaceuticals market.
• Trends And Strategies – This chapter describes the major trends shaping the global veterinary pharmaceuticals market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
• Regulatory Landscape – This section describes the current regulatory scenario, the regional disparities in regulations, global regulation harmonization initiatives, and recent updates on veterinary pharmaceutical regulations.
• Impact Of Veterinary Services On The Veterinary Pharmaceuticals Market – This chapter describes the impact of veterinary services on the veterinary pharmaceuticals market, and comparison between the veterinary services, veterinary medical equipment and veterinary pharmaceuticals markets across major countries.
• Global Market Size And Growth – This section contains the global historic (2015-2019) and forecast (2023, 2025 and 2030) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
• Market Segmentation – This section contains the market values (2015-2029, 2023, 2025 and 2030) and analysis for different segments and sub-segments in the market.
• Regional And Country Analysis – This section contains the historic (2015-2019), forecast (2023, 2025 and 2030) market value and growth and market share comparison by region and countries.
• Regional Market Size And Growth – This section contains the region’s market size (2019), historic and forecast (2015-2019, 2023, 2025 and 2030) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
• Competitive Landscape – This section covers details on the competitive landscape of the global veterinary pharmaceuticals market, estimated market shares and company profiles of the leading players.
• Key Mergers And Acquisitions – This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
• Market Background – This section describes the animal medicine market of which the veterinary pharmaceuticals market is a segment. This chapter includes the animal medicine market 2015-23 values, and regional analyses for the animal medicine market.
• Conclusions And Recommendations – This section includes conclusions and recommendations based on findings of the research. This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
• Appendix – This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report

Markets Covered:
By Type Of Pharmaceutical: Veterinary Parasiticides; Veterinary Vaccines; Others - Veterinary Pharmaceuticals; Veterinary Antibiotics
By Animal Type: Livestock; Companion Animal
By Route of Administration: Oral; Others
By End-Use: Veterinary Hospitals; Pharmacies And Drug Stores; Veterinary Clinics
Companies Mentioned: Zoetis Inc.; Boehringer Ingelheim International GmbH; Merck & Co., Inc.; Elanco Animal Health Inc.; Bayer AG
Countries: China, India, Japan, Australia, South Korea, Indonesia, USA, Brazil, UK, Germany, France, Russia
Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

The veterinary pharmaceuticals market is highly regulated and complex, the specialized nature of the market has allowed for it to become quite concentrated amongst the major players. As it is driven forward with the growing popularity of pets in both developed and emerging economies, there will be space for innovations and investment into new treatments and therapies.

This global veterinary pharmaceuticals report describes and analyses the market, considering performance by county and segmentation. The report also covers qualitative analysis, assessing market conditions from an economic and trend perspective. It covers two five-year periods, 2015 to 2019, termed the historic period, and 2019 through 2023, the forecast period.

The veterinary pharmaceuticals market is complex by its very nature, with vast cultural and regulatory differences by country. It is however also a potentially very lucrative market, with many companies within it posting healthy profits. TBRC values the veterinary pharmaceuticals market at $33,762.4 million in 2019, having grown at a compound annual growth rate (CAGR) of 11.9% from $21,565.0 million in 2015. This steady growth is forecast to continue with a CAGR of 12.7% forecast for the next five years taking the market to a value of $54,471.5 million in 2023.

The US market dominates the veterinary pharmaceuticals market, however developing countries are presenting the fastest forecast growth

The majority of the veterinary pharmaceuticals market can be found in the US, with 43% of the market by value housed there.

Historically (2015-2019, CAGR), market growth in the US was 11.13%, which is not surprisingly similar to the global rate. However, moving forward, this growth is expected to slow somewhat with the forecast CAGR to 2023 at 10.86%. The higher global growth is being influenced by much faster growth in developing nations, where the veterinary pharmaceuticals market is quickly developing. In China for instance, the forecast CAGR to 2023 is 24.65%, and the same in Japan is 9.32%. These growth rates are highlighting strong and rapidly moving opportunities in these countries, and an opening for players in the market to establish themselves and their business at a crucial point as the market seeks to establish itself.

This does not however mean the US market is without opportunities for success. The US market is the largest in the world and by a huge majority. The size of the market is somewhat owing to the size of the economy, however there is also a strong culture of pet ownership in the US, and a high livestock population. With a long-established pet-community comes good quality veterinary care which will offer pet owners access to the veterinary pharmaceuticals required for the wellbeing of their animals. Likewise, with well-developed livestock practices comes many opportunities for the market to maintain a strong, healthy and profitable livestock.

Future targeting opportunities, for instance those in Parasiticides, can be identified with detailed segmentation

This report extensively segments the veterinary pharmaceuticals market in order to offer a detailed view of the market, as well as effectively highlighting current and future business opportunities. The pie charts below introduce the segmentations offered, as well as their share of the market.

The veterinary pharmaceuticals market is segmented by type of pharmaceutical into veterinary parasiticides, veterinary vaccines, veterinary antibiotics and others – veterinary pharmaceuticals. The veterinary parasiticides market was the largest segment of veterinary pharmaceuticals market, accounting for $9,912.8 million or 29.4% of the total market in 2019. The veterinary vaccines segment is expected to be the fastest-growing segment going forward at a CAGR of 13.7%.

The veterinary pharmaceuticals market is segmented by animal type into livestock and companion animal. The livestock was the largest segment of the veterinary pharmaceuticals market by animal type, accounting for $18,292.2 million or 54.2% of the total market in 2019. The companion animal segment is expected to be the fastest-growing segment going forward at a CAGR of 16.3%.

The veterinary pharmaceuticals market is segmented by route of administration into oral and others. The oral was the largest segment of the veterinary pharmaceuticals market by route of administration, accounting for $18,671.9 million or 55.3% of the total market in 2019.

The veterinary pharmaceuticals market is segmented by end use channel into veterinary hospitals, pharmacies and drug stores and veterinary clinics. The veterinary hospitals was the largest segment of the veterinary pharmaceuticals market by end use channel, accounting for $22,512.8 million or 66.7% of the total market in 2019. The veterinary clinics channel is expected to be the fastest-growing segment going forward at a CAGR of 15.2%.

Being technical and highly regulated, the veterinary pharmaceuticals market has high barriers to entry, allowing opportunities for those already operating in the market to grow their share

The veterinary pharmaceuticals market is concentrated with the top ten competitors in the market making up 68.5% of the total market in 2018. This means that the market is dominated by a few large players. This landscape is very likely to continue in the market owing to the major barriers to entry in such a market. Across all economies, the capital and expertise required to take a veterinary pharmaceuticals concept from development to market is vast, with many regulatory hurdles along the way.

Zoetis Inc. was the largest competitor with 16.6% of the market, followed by Boehringer Ingelheim International GmbH with 14.9%, Merck & Co., Inc. with 14.0%, Elanco Animal Health Inc. with 6.3%, Bayer AG with 5.6%, Ceva Santé Animale with 4.1%, Virbac Group with 3.1%, Phibro Animal Health Corporation with 1.4%, Vetoquinol S.A. with 1.1% and Kyoritsu Seiyaku Corporation with 1.1%.

Emerging economies and the overall rise in the popularity of the pet industry is driving the veterinary pharmaceuticals market

There are a number of factors driving the veterinary pharmaceuticals market forward including global economic developments and drivers linked with pet ownership. Growth in the emerging markets has been a key driver of historic growth as pet culture from the West spreads and results in rapidly growing markets for all related industries. Similarly, the demand for livestock grows along with an emerging country’s rapidly growing demands.

The growth of the pet industry, spanning increased pet ownership and the notion of a pet being an additional family member also drives this market. More people are forming strong emotional attachments to their pets, with the result being a willingness to spend on care that maintains or improves their health, including of course veterinary pharmaceuticals. Linked closely with this is the rising prevalence of pet insurance which will drive demand for veterinary pharmaceuticals as vets can offer them under the cover of the insurance plan. There is also evidence of rising prevalence of some animal diseases which will again drive demand for the appropriate pharmaceuticals.

The veterinary pharmaceuticals market is likely to be retrained somewhat by existing barriers to entry and a shortage of qualified veterinarians

Veterinary pharmaceuticals is a technical and complex market, meaning that there are key inhibitors to growth, as well as challenges to overcome. As well as strong barriers to entry for the market, including competition from large global players and a regulatory minefield, there is also a shortage of veterinarians. Lack of availability of trained veterinarians means fewer potential customers the pharmaceuticals have access to the trained person who could recommend the appropriate treatment.

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