The Business Research Company’s Veterinary Pharmaceuticals Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Veterinary Pharmaceuticals Global Market Report 2023 evaluates veterinary pharmaceuticals market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global veterinary pharmaceuticals market is expected to grow from $ 35,301.4 million in 2026 at a rate of 6.3%. The global veterinary pharmaceuticals market size is then expected to grow at a CAGR of 5.6% from 2026 and reach $ 46,398.0 million in 2031.
The increase in prevalence of zoonotic diseases is expected to propel the growth of the veterinary pharmaceuticals market during the forecast period. People living adjacent to wilderness areas or in semi-urban areas with higher numbers of wild animals are at risk of disease from animals such as rats, foxes or raccoons. Urbanization and the destruction of natural habitats increase the risk of zoonotic diseases by increasing contact between humans and wild animals. For instance, in July 2021, according to Centers for Disease Control and Prevention, a US-based Government Agency, Zoonotic diseases are very common, both in the United States and around the world. Scientists estimate that more than 6 out of every 10 known infectious diseases in people can be spread from animals, and 3 out of every 4 new or emerging infectious diseases in people come from animals. Therefore, the increasing prevalence of zoonotic diseases is driving the growth of the veterinary pharmaceuticals market during forecast period.
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The veterinary pharmaceuticals market segments in the report are:
1) By Type: Veterinary Vaccines; Veterinary Antibiotics; Veterinary Parasiticides; Other Veterinary Pharmaceuticals
2) By End-User: Veterinary Hospitals; Veterinary Clinics; Pharmacies And Drug Stores
3) By Route Of Administration: Oral; Other Route Of Administration
4) By Type Of Animal: Livestock ; Companion Animals
5) By Type Of Vaccine: Inactivated Vaccines; Attenuated Vaccines; Recombinant Vaccines; Other Vaccines
The table of contents in TBRC’s veterinary pharmaceuticals market report includes:
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