Global farm animal drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of farm animal drug market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Few of the major competitors currently working in the global farm animal drug market are Bayer AG, Boehringer Ingelheim International GmbH, Ceva, Elanco, Idexx Laboratories, Merck KGaA, Phibro Animal Health Corporation., Vetoquinol, Virbac, Zoetis, Kyoritsuseiyaku Corporation, Nippon Zenyaku Kogyo Co., Ltd., Alembic Pharmaceuticals Limited., SeQuent, Ashish Life Science., Ouro Fino Saude Animal, Dechra Pharmaceuticals.
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The global farm animal drug market is expected to rise to an estimated value of USD 25421.46 million by 2026, registering a CAGR of 6.58% in the forecast period of 2019-2026. Rising demand for contaminated free meat and proteins and rising consumption of fresh meat are the factor for the growth of this market. Global Farm Animal Drug Market By Product Type (Anti-Infective, Parasiticides, Anti-inflammatory, Anesthetics, Analgesics, Hormones and Related Products, Others), Animal Type (Livestock Animals, Equine), Route of Administration (Oral, Parenteral, Topical, Others), Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Pharmacies and Drug Stores, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Key Developments in the Market:
In September 2016, Dechra Pharmaceuticals announced that they are opening their new laboratory in Croatian capital Zagreb so that they can expand their experimental treatments. It will help the company to expand them in the lucrative poultry vaccine market so that they can strengthen their position in the market.
In April 2014, Eli Lilly and Company announced that they acquired Novartis Animal Health so that they can expand their animal health business, Elanco. This will also help the company to acquire, six dedicated research and development facilities, nine manufacturing sites, and their portfolio of approximately 600 products. This acquisition will help the company to expand their product portfolio and create new more innovations so that they can meet the need and requirement of the people.
Reasons to Purchase this Report
Current and future of global farm animal drug market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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Market Definition:
Farm animals drugs are specially designed for the treatment of the diseases related to animals. They are mainly designed for diagnosis and prevention of diseases in animals. They are very useful for animals as it used to maintain good health of the farm animals. Anti- inflammatory, anesthetics, hormones, anti- effective etc. are some of the common products of the farm animal drugs. Increasing demand for farm drugs in medical substance is the factor fueling the market growth.
Market Drivers
Rising usage of farm drugs in medical substances is driving the market growth
Increasing prevalence for branded and good quality pharmaceuticals and drugs is another factor driving market
Rising production of anti-infective and penetration of parasiticides is driving market
Growing demand for contaminated free meats and protein is driving market.
Market Restraints
Dearth of awareness about the usage of drugs for animal is restraining the market growth
Strict government rules related to the usage of farm animal drugs is another factor restraining market.
Lack of skilled and trained professionals is another factor restraining market.
Segmentation:
By Product Type
Anti-Infective
Parasiticides
Endo-parasiticides
Ecto-parasiticides
Endectocides
Anti-inflammatory
Anesthetics
Analgesics
Hormones and Related Products
Others
By Animal Type
Livestock Animals
Equine
By Route of Administration
Oral
Parenteral
Topical
Others
By Distribution Channel
Veterinary Hospitals
Veterinary Clinics
Pharmacies and Drug Stores
Others
By Geography
North America
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia Pacific
Middle East & Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East & Africa
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