The Farm Animal Drugs Global Market Report 2023, provides comprehensive information on the farm animal drugs market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global farm animal drugs market is expected to grow from $16.92 billion in 2022 to $18.21 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The farm animal drugs market is expected to reach $23.59 billion in 2027 at a CAGR of 6.7%.
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Product innovation is a key trend gaining popularity in the farm animal drug market. Major companies operating in the farm animal drug market are developing innovative products to sustain their position in the market. For instance, in August 2020, Merck & Co. Inc., a US-based pharmaceutical company providing health solutions, launched a unique halofuginone-containing product against cryptosporidiosis. Halofuginone has demonstrated effectiveness in lowering oocyst excretion in the environment and lowering the incidence of diarrhea brought on by Cryptosporidium parvum on farms, where the infection is known to have occurred.
The farm animal drugs market is segmented:
1) By Product: Anti-Infective, Parasiticides, Anti-Inflammatory, Anesthetics, Analgesics, Hormones And Related Product, Other Products
2) By Route Of Administration: Oral, Parenteral, Topical, Other Routes
3) By Distribution Channel: Veterinary Hospitals, Veterinary Clinics, Pharmacies and Drug Stores, Other Channels
4) By Animal: Livestock Animals, Equine
Asia-Pacific was the largest region in the farm animal drugs market in 2022.
The table of contents in TBRC’s farm animal drugs market report includes:
1.Executive Summary
2. Farm Animal Drugs Market Characteristics
3. Farm Animal Drugs Market Trends And Strategies
4. Farm Animal Drugs Market – Macro Economic Scenario
5. Global Farm Animal Drugs Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
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32. Global Farm Animal Drugs Market Competitive Benchmarking
33. Global Farm Animal Drugs Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Farm Animal Drugs Market
35. Farm Animal Drugs Market Future Outlook and Potential Analysis
36. Appendix
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