Farm Animal Drugs Market research study 2023-2028 enhances the decision-making capabilities and helps to create potent counter strategies to obtain competitive advantage says a latest research report at the insight partners. Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status
An exclusive Farm Animal Drugs Market research report provides depth analysis of the market dynamics across five regions such as North America, Europe, South America, Asia-Pacific, Middle East and Africa.
According to our latest study on “Farm Animal Drugs Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Animal Type, Route of Administration, Distribution Channel, and Geography,” the market is projected to grow from US$ 18,253.09 million in 2021 to US$ 28,364.08 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market. The growth of the farm animal drugs market is primarily attributed to the changing perception toward the use of farm animal drugs products and increasing investments by market players. However, the side effects associated with the use of farm animal drugs hampers the market growth.
Based on product type, the farm animal drugs market is segmented into anti-infective, parasiticides, anti-inflammatory, anesthetics, analgesics, hormones and related product, and others. The parasiticides segment held the largest market share in 2021. The growth of the market for this segment is attributed to the growing awareness of zoonoses, rising animal welfare laws, and the increasing number of government initiatives.
The prominent/emerging players in the Farm Animal Drugs Market research include:
- PHIBRO ANIMAL HEALTH CORPORATION
- Zoetis Inc.
- INTAS PHARMACEUTICALS LTD.
- Alembic Pharmaceuticals Limited
- Boehringer Ingelheim International GmbH
- MSD Animal Health
- Vetoquinol SA
The farm animal drugs market is segmented on the basis of product type, animal type, route of administration, and distribution channel. Based on product type, the market is segmented into anti-infective, parasiticides, anti-inflammatory, anesthetics, analgesics, hormones and related product, and others. Based on animal type, the market is bifurcated into livestock animal and equine. Based on route of administration, the farm animal drugs market is segmented into oral, parenteral, topical, and others. Based on distribution channel, the market is segmented into veterinary hospitals, veterinary clinics, pharmacies and drug stores, and others.
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