Pet veterinary drug is the division of medicine that deals with the prevention, disorder, and injury in animals and diagnosis and treatment of disease. Among pet veterinary drugs, some are similar to human medications. The development has created several specialties within the field, including areas of expertise such as internal medicine, ophthalmology, radiology, surgery, dermatology anesthesiology, neurology, oncology, and emergency care.
MARKET DYNAMICS
The pet veterinary drugs market is driving due to rapidly increasing pet adoptions, re-occurrence of animal diseases. However, costs related to pet veterinary drugs, lack of routine checkups, and preventive measures for pets in numerous households are expected to hamper the global pet veterinary drugs market. Moreover, the increasing focus of industry players in emerging nations and growing pet expenditure provides opportunities in the market.
MARKET SCOPE
The "Pet Veterinary Drugs Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of pet veterinary drugs market with detailed market segmentation by product type, route of administration and end user. The pet veterinary drugs market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Pet veterinary drugs market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The pet veterinary drugs market is segmented on the basis of product type, route of administration and end user. Based on product type, the market is segmented as anti-infectives, anti-inflammatory, parasiticides, analgesics, sedatives, and others. Based on route of administration, the market is segmented as oral, parenteral, and topical. Based on end user, the market is segmented as veterinary hospitals, veterinary clinics, and drug stores.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the pet veterinary drugs market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The pet veterinary drugs market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting pet veterinary drugs market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the pet veterinary drugs market in these regions.
MARKET PLAYERS
The report covers key developments in the pet veterinary drugs market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from pet veterinary drugs market are anticipated to have lucrative growth opportunities in the future with the rising demand for pet veterinary drugs in the global market. Below mentioned is the list of few companies engaged in the pet veterinary drugs market.
The report also includes the profiles of key players in pet veterinary drugs market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Boehringer Ingelheim International GmbH
- Zoetis Animal Healthcare
- Bayer AG
- Merck Animal Health
- Elanco Animal Health Inc.
- Virbac Group
- Ceva
- Dechra Pharmaceuticals Plc
- Vetoquinol
- Orion Corporation
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