Press Releases

Veterinary Therapeutics Market Reliable Services, Hassle-Free Transactions, Substantial Investments, Revenues & Growth Chain To 2022-2030

Share This Article

Research & Development Activities and Commercialization of New Products to Propel Market Growth

For several decades, veterinary vaccines have played a key role in improving food security and as a result, human health. The medicine sphere wherein veterinary medicines constitute a significant share continues to evolve at a consistent pace. At present, innovations in the veterinary therapeutics market are largely made possible through advancements in technology and research & development activities. Over the past decade, a considerable amount of promising breakthroughs in the veterinary therapeutic field have paved the way for a host of specialty medicine. The significant rise in the number of pet animals worldwide, progress in surgical and medical capabilities pertaining to the treatment of animals, growing focus on improving the overall wellness of animals, significant progress in the development of new vaccines for an array of diseases, and discovery of new medication to curb the occurrence of new diseases are some of the key factors expected to influence the expansion of the veterinary therapeutics market during the forecast period.

Get the sample copy of report@ https://qyresearchmedical.com/sample/111886

Companies involved in the current veterinary therapeutics market landscape are actively engaged in research and development activities that have offered considerable promise. However, one of the glaring challenges that market participants are required to negotiate their way through is the evolving regulatory framework. Product development is likely to remain the cornerstone of the growth of the global veterinary therapeutics market, which is expected to reach US$ 58.5 Bn mark by the end of 2027.

Breakthrough in Delivery of DNA Vaccines to Combat Avian Pathogens to Augment Market

Veterinary therapeutics have evolved at a considerable pace over the past decade, as drug developers continue to improve the overall efficacy of their products. Moreover, cost-efficiency, ease of administration, and suitability for mass vaccination are some of the other areas that have gained a great amount of consideration during the drug development phase. In recent times, DNA vaccines have offered significant promise as an ideal solution for different poultry diseases, as they have exhibited no reversion to virulence and infection. At present, DNA vaccines have started to gain a great amount of traction, as they can be deployed against an array of pathogens and are comparatively easier to develop, manufacture, and store. However, despite offering these advantages, the adoption of DNA vaccines could slow down, owing to lack of capacity to induce high immunity and lack of availability for large-scale vaccination in the current scenario.

Get a glimpse of the in-depth analysis through our Report Brochure

Vaccines and the development of new drugs will continue to progress at a consistent pace during the forecast period. Presently, in terms of product type, drugs are set to retain the majority of the share of the veterinary therapeutics market– a trend that is expected to continue during the forecast period. Although drugs will remain popular, the development of new vaccines will gain considerable momentum. DNA vaccines to address diseases in poultry are predominantly for combating bacterial, viral, and protozoan diseases. Although DNA vaccines to tackle poultry diseases have gained momentum since 1993, FDA approval for these vaccines has gathered pace only in the past decade. Clinical trials and added research and development activities will continue to boost the adoption of vaccines within the global veterinary therapeutics market in the coming years.

Companies to Rely on Inorganic Growth Strategies to Gain Ground

Companies operating in the current veterinary therapeutics market are expected to increase their market share by relying on inorganic growth strategies such as mergers & acquisitions. While expanding the product portfolio will continue to be an integral part of growth strategies for participants operating in the current market landscape, commercialization and development of new veterinary therapeutics are expected to gain momentum. For instance, in July 2019, Elanco Animal Health Incorporated announced that the company has completed the acquisition of Aratana Therapeutics. With the acquisition, Elanco could expand its product portfolio and gain the exclusive rights to manufacture, develop, and commercialize the ‘cash cow’ Galliprant. While drug development will continue to revolve around companion animals as well as livestock animals, market participants are anticipated to continue to improve the efficacy of their veterinary therapeutics during the forecast period.

Analysts’ Viewpoint

The global veterinary therapeutics market is expected to grow at a CAGR of ~6% during the forecast period. Some of the major factors that are likely to propel the market growth include growing demand for improved drugs, rise in the number of companion animals worldwide, improvements in surgical and medical capabilities of treatments for companion animals, development of products to combat new diseases, and growing emphasis on wellness and prevention of diseases in animals. Companies operating in the current market landscape should focus on expanding their product portfolio, investing in the development of DNA vaccines, and adopting inorganic growth strategies, including mergers & acquisitions to gain steady ground in the veterinary therapeutics market.

View full report@ https://qyresearchmedical.com/report/veterinary-therapeutics-market-product-type-drugs-anti-invectives-anti-inflammatory-parasiticides-vaccines-inactivated-vaccines-live-attenuated-vaccines-recombinant-vaccines-medicated-feed-additives-019-2030/111886

Veterinary Therapeutics Market: Overview

Veterinary therapeutics is a branch of animal healthcare that deals with prevention, treatment, and alleviation of several diseases. The veterinary therapeutics market consists of drugs for the treatment of animal diseases, vaccines for the prevention of various pathological conditions, and feed additives to maintain the overall well-being of animals by providing all the necessary nutrients required to lead a long, healthy life.

The drugs segment includes anti-infective, anti-inflammatory, parasiticides, and others. Different types of vaccines such as inactivated vaccine, live attenuated vaccine, recombinant vaccine, and others are used in the treatment of veterinary disorders.

Global demand for veterinary drugs, vaccines, and medicated feed additives to prevent, treat, and manage different animal diseases has reached an all-time high. Rapid increase in number of animal diseases, rise in companion animal ownership, and high prevalence of zoonotic diseases have fueled the demand for high quality veterinary therapeutics. According to the National Pet Owners Survey, conducted by American Pet Products Association (APPA), in 2017, around 68% of households in the U.S. owned a companion animal or pet.

Moreover, increase in investments in research & development of novel drugs and vaccines by private and government bodies is also expected to propel the market in the near future

However, low research and development (R&D) returns resulting in aging product portfolio, stringent regulatory framework, and rising concern about the use of antibiotics and growth promoters in food animals are some of the restraints of the veterinary therapeutics market

Market Segmentation: Veterinary Therapeutics Market

Based on product type, the global veterinary therapeutics market has been divided into drugs (anti-infective, anti-inflammatory, parasiticides, and others), vaccines (inactivated vaccines, live attenuated vaccines, recombinant vaccines, and others), and medicated feed additives (amino acids, antibiotics, and others)

In terms of animal, the global veterinary therapeutics market has been classified into companion animal and livestock animal

Based on route of administration, the global veterinary therapeutics market has been divided into oral, parenteral, and topical

In terms of distribution channel, the global veterinary therapeutics market has been categorized into veterinary hospitals, veterinary clinic, pharmacies & drug stores, and others

Each of the segments has been analyzed in detail for market trends, recent trends and developments, drivers, restraints, opportunities, and useful insights. The report provides current and future revenue (US$ Mn) for each of these segments from 2017 to 2027, considering 2018 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2019 to 2027 along with market size estimations.

Regional Overview: Veterinary Therapeutics Market

In terms of region, the global veterinary therapeutics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been divided into major countries and sub-regions.

The current and future market value in terms of revenue (US$ Mn) of these regional markets and their major countries have been provided in the report from 2017 to 2027, with their CAGRs from 2019 to 2027

The study also offers a list of recommendations, highlights, and useful insights of the market which would help new companies willing to enter the market and existing companies to increase market shares and decision-making process

Purchase Complete Report Now@ https://qyresearchmedical.com/report/checkout/111886/2900

Major Players

The report concludes with the company profiles section that includes key information about major players in the market

Leading players analyzed in the report include

  • Zoetis, Inc.
  • Merck Animal Health
  • Elanco Animal Health
  • Boehringer Ingelheim GmbH
  • Ceva Santé Animale
  • Virbac
  • Vetoquinol S.A.
  • Dechra Pharmaceuticals PLC
  • Biovac
  • The Chanelle Group
  • ImmuCell Corporation.

Key Questions Answered in Veterinary Therapeutics Market Report

  • What is the sales/revenue generated by veterinary therapeutics across all regions during the forecast period?
  • What are the opportunities in the veterinary therapeutics market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which region is set to expand at the fastest CAGR during the forecast period?
  • Which product segment is expected to generate the highest revenue globally in 2027? Which segment is projected to expand at the highest CAGR during the forecast period?
  • What are the market positions of different companies operating in the global market?

Veterinary Therapeutics Market – Segmentation

Product Type

  • Drugs
  • Anti-infective
  • Anti-inflammatory
  • Parasiticides
  • Others
  • Vaccines
  • Inactivated Vaccine
  • Live Attenuated Vaccine
  • Recombinant Vaccine
  • Others
  • Medicated Feed Additives
  • Antibiotics
  • Amino Acids
  • Others

Animal

  • Companion Animal
  • Livestock Animal

Route of Administration

  • Oral
  • Parenteral
  • Topical

Distribution Channel

  • Veterinary Hospitals
  • Veterinary Clinics
  • Pharmacies & Drug Stores
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

 1. Preface

1.1. Report Scope and Market Segmentation

1.2. Research Highlights

 2. Assumptions and Research Methodology 

2.1. Assumptions

2.2. Research Methodology

 3. Executive Summary

3.1. Global Veterinary Therapeutics Market Snapshot

 4. Market Overview

4.1. Product Overview

4.2. Key Industry Events

4.3. Market Dynamics

4.3.1. Drivers and Restraints Snapshot Analysis

4.3.2. Drivers

4.3.3. Restraints

4.3.4. Opportunities

4.4. Porter’s Five Forces Analysis

4.5. Value Chain Analysis

4.6. Global Veterinary Therapeutics Market Outlook

 5. Market Outlook

5.1. U.S. Pet Ownership Statistics, 2017

5.2. Cat and Dog Annual Expenditures, 2017

5.3. United States Pet Expenditures

 6. Global Veterinary Therapeutics Market Analysis, by Product Type

6.1. Key Findings

6.2. Introduction

6.3. Global Veterinary Therapeutics Market Value Share Analysis, by Product Type

6.4. Global Veterinary Therapeutics Market Forecast, by Product Type

6.4.1. Drugs

6.4.2. Vaccines

6.4.3. Medicated Feed Additives

6.5. Global Veterinary Therapeutics Market Analysis, by Product Type

6.6. Global Veterinary Therapeutics Market Value (US$ Mn) Forecast, by Drugs, 2017–2030

6.6.1. Anti-infective

6.6.2. Anti-inflammatory

6.6.3. Parasiticides

6.6.4. Others

6.7. Global Veterinary Therapeutics Market Analysis, by Drugs

6.8. Global Veterinary Therapeutics Market Forecast, by Vaccines, 2017–2030

6.8.1. Inactivated Vaccines

6.8.2. Live Attenuated Vaccines

6.8.3. Recombinant Vaccines

6.8.4. Others

6.9. Global Veterinary Therapeutics Market Analysis, by Vaccines

6.10. Global Veterinary Medicated Feed Additives Market Forecast, by Medicated Feed Additives

6.10.1. Antibiotics

6.10.2. Amino Acids

6.10.3. Others

6.11. Global Veterinary Medicated Feed Additives Market Analysis, by Medicated Feed Additives

6.12. Global Veterinary Therapeutics Market Attractiveness Analysis, by Product Type

6.13. Key Trends

 7. Global Veterinary Therapeutics Market Analysis, by Animal

7.1. Key Findings

7.2. Introduction

7.3. Global Veterinary Therapeutics Market Value Share Analysis, by Animal

7.4. Global Veterinary Therapeutics Market Forecast, by Animal

7.4.1. Companion Animal

7.4.2. Livestock Animal

7.5. Veterinary Therapeutics Market Forecast, by Animal

7.6. Veterinary Therapeutics Market Attractiveness Analysis, by Animal

7.7. Key Trends

 8. Veterinary Therapeutics Market Analysis, by Route of Administration

8.1. Key Findings

8.2. Introduction

8.3. Global Veterinary Therapeutics Market Value Share Analysis, by Route of Administration, 2018 and 2030

8.4. Global Veterinary Therapeutics Market Value (US$ Mn) Forecast,  by Route of Administration, 2017–2030

8.4.1. Oral

8.4.2. Parenteral

8.4.3. Topical

8.5. Veterinary Therapeutics Market Forecast, by Route of Administration

8.6. Veterinary Therapeutics Market Attractiveness Analysis, by Route of Administration, 2019-2030

8.7. Key Trends

 9. Global Veterinary Therapeutics Market Analysis, by Distribution Channel

9.1. Key Findings

9.2. Introduction

9.3. Global Veterinary Therapeutics Market Value Share Analysis, by Distribution Channel

9.4. Global Veterinary Therapeutics Market Forecast, by Distribution Channel

9.4.1. Veterinary Hospitals

9.4.2. Veterinary Clinics

9.4.3. Pharmacies & Drug stores

9.4.4. Others

9.5. Global Veterinary Therapeutics Market Forecast, by Distribution Channel

9.6. Global Veterinary Therapeutics Market Attractiveness Analysis, by Distribution Channel

9.7. Key Trends

 10. Global Veterinary Therapeutics Market Analysis, by Region

……

Purchase Complete Report Now@ https://qyresearchmedical.com/report/checkout/111886/2900

You can place an order or ask any questions, please feel free to contact sales@qyresearchmedical.com | +1 9197 992 333

About Us

QYResearch Medical, focuses on custom research, management consulting, IPO consulting, industry chain research, and data base & seminar services. The company owns large basic databases (such as National Bureau of Statistics Database, Customs Import and Export Database, Industry Association Database, etc.), expert resources (including industry experts who own more than 10 years experiences on marketing or R&D in industries of healthcare services, medical technology & devices, etc.), professional survey team (the team members obtained more than 3 years market survey experience and more than 2 years deep expert interview experience), and excellent data analysis team (SPSS statistics and PPT graphics process team).

QYResearch Medical has more than 4000 global well-known customers, covering more than 30 industries including pharmaceuticals, medical technology & devices, healthcare services etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover China, US, EU, Asia, Middle East and Africa, South America, Australia, and other regions in the world.

For Latest Update Follow Us:

https://www.linkedin.com/company/qyresearch-medical/

https://www.facebook.com/QYResearch-Medical-108186514228917/

https://twitter.com/qyresearchmedi

Related Articles

Back to top button