Veterinary Anti-infectives Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Veterinary Anti-infectives market size is expected to be worth around US$ 8.8 billion by 2028, according to a new report by Vision Research Reports.

The global Veterinary Anti-infectives market size was valued at US$ 5.20 billion in 2020 and is anticipated to grow at a CAGR of 6.8% during forecast period 2021 to 2028.

Growth Factors

Rising prevalence of zoonotic diseases and bacterial infection, such as bovine TB, anthrax, and animal flu, is the key market driver. These diseases possess higher threat not only to animals but also to humans as they are food-borne, vector-borne, and communicable by direct and indirect contact. As per the Centers for Disease Control and Prevention (CDC) 2020, salmonella was the most common bacteria affecting the humans, especially the vets. The incidence and mortality rate might approach 100% during salmonella outbreaks. Antibiotics are used as an effective treatment for such outbreaks. This factor is anticipated to drive the market in near future.

Pharma giants are heavily investing in veterinary health R&D to not only address the growing disease burden but also to provide a better veterinary healthcare system. For instance, Zoetis increased their R&D fund from USD 382 million in 2017 to USD 432 million in 2020. Boehringer Ingelheim also invested around USD 41.90 million in 2018 for establishing new R&D facilities and for expanding their existing plants. The company also initiated 400 more clinical trials globally.

Report Highlights

Livestock accounted for the largest revenue share of the veterinary anti-infectives market in 2020. Livestock is sub-segmented into poultry, swine, cattle, sheep and goats, fish, and others. This segment is anticipated to witness significant growth owing to increasing meat consumption, growing daily needs, and environmental sustainability. As per the 2017 data by the North American Meat Institute, the poultry and meat industries are the largest division of the U.S. agriculture sector. This factor is anticipated to positively influence the livestock segment over the forecast period.

However, the companion animal segment is projected to register the fastest CAGR over the forecast period. Rising awareness regarding the health benefits associated with the adoption of small companion animals is anticipated to bode well for the growth of the segment. Some of these health benefits include decreased blood pressure, stress, anxiety, cholesterol levels, and increased psychological stability and opportunities for socialization. According to American Pet Products Association (APPA), National Pet Owners Survey 2017, households with children are three times more likely to adopt small animals as pets which leads to growing concerns as well as expenditure for veterinary healthcare needs.

Antibacterials segment accounted for the largest revenue share in the market for veterinary anti-infectives in 2020, owing to the rising prevalence of bacterial infections in livestock and companion animals. Major anti-bacterial, such as cephalosporins, tetracyclines, penicillins, macrolides, quinolones, sulfonamides, and polymyxins, are specifically developed for animals. The World Health Organization (WHO) engages in various activities to address health threats at the human-animal-ecosystem interface including antibacterial resistance, food-borne zoonoses, and food consumption. This is expected to drive the need for better healthcare facilities for vets and demand for veterinary anti-infectives in near future.

The antivirals segment is expected to showcase lucrative growth in the market for veterinary anti-infectives, as animals are susceptible to various viral infections, such as rabies and feline calicivirus among others. As recorded by WHO in 2019, humans are highly susceptible to contract rabies virus through a dog bite. It is recorded that up to 99% of cases, dogs are accountable for rabies transmission to humans. An awareness program; United Against Rabies Collaboration, involving four partners, namely, WHO, the Global Alliance for Rabies Control (GARC), the World Organisation for Animal Health (OIE), and the Food and Agriculture Organization of the United Nations (FAO), works toward Zero by 30—zero human rabies deaths by 2030.

The oral route of administration segment accounted for the largest market share in 2020 and is anticipated to witness the fastest growth during the forecast period, primarily owing to ease of use offered by this method. Moreover, incorporation of oral route of administration is beneficial to extend the duration of action as it limits the visits to hospitals and veterinary clinics. Tetracyclines, β lactams, aminoglycosides, diazepam, macrolides, and sulphonamides are some of the commonly used antimicrobials drugs.

Injectables held the second largest market share in 2020 as injectables help with good absorption of drugs, especially for the drugs with a low oral bioavailability along with quick onset action. Though, sometimes it may be difficult to administer an injection to animals. NSAIDs such as Ketoprofen and Metacam are some of the most commonly administered injectables.

Retail pharmacies held the largest market share in 2020, attributed to easy distribution and availability of vaccines and medicines through retail pharmacies. Moreover, digitization of retail pharmacies to reduce the risk of errors in the prescriptions is anticipated to propel the segment growth in the forthcoming years.

North America accounted for the largest revenue share in 2020. The presence of advanced animal healthcare programs coupled with awareness regarding animal health is projected to drive the regional market growth. For instance, the North American Pet Health Insurance Association focuses on promoting awareness of pet health insurance coverage and developing and exploring partnerships to address the challenges affecting the animal health industry. Moreover, rising disease prevalence in pets and livestock is further pushing the need for effective and quick treatment options which is anticipated to drive the regional demand for veterinary anti-infectives.

Key Players

Zoetis, Inc.; Boehringer Ingelheim GmbH;  Ceva Santé Animale; Vetoquinol S.A.; Merck & Co., Inc.; Phibro Animal Health Corporation; and others. 

Market Segmentation

  • Animal Type Outlook 

    • Livestock

      • Poultry

      • Swine

      • Cattle

      • Sheep & Goats

      • Fish

      • Others

    • Companion animal

      • Dog

      • Cat

      • Others

  • Product Type Outlook 

    • Antibacterial

      • Cephalosporins

      • Tetracyclines

      • Penicillin

      • Macrolides

      • Others (Quinoles, sulfonamides, polymyxins)

    • Antifungals

    • Antivirals

    • Others

  • Route of Administration Outlook

    • Oral

    • Injectables

    • Others

  • Distribution Channel Outlook 

    • Veterinary Clinics

    • Retail Pharmacies

    • E-commerce

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa

      • South Africa

The Veterinary Anti-infectives market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Veterinary Anti-infectives market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Veterinary Anti-infectives market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Veterinary Anti-infectives market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Veterinary Anti-infectives market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Veterinary Anti-infectives capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Veterinary Anti-infectives by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Veterinary Anti-infectives market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Veterinary Anti-infectives market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Veterinary Anti-infectives market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Veterinary Anti-infectives industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Veterinary Anti-infectives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Veterinary Anti-infectives market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Veterinary Anti-infectives market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Veterinary Anti-infectives market. These factors have benefited the growth of the global market for Veterinary Anti-infectives. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Veterinary Anti-infectives. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Veterinary Anti-infectives are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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