Farm Animal Drug Market 2020 Top Growing Companies – Ceva, Elanco, Idexx Laboratories, Merck KGaA, Phibro Animal Health Corporation
Data Bridge Market Research recently added “Farm Animal Drug Market″ in his database. 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.
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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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.
Rising usage of farm drugs in medical substances is driving the market growthIncreasing prevalence for branded and good quality pharmaceuticals and drugs is another factor driving marketRising production of anti-infective and penetration of parasiticides is driving marketGrowing demand for contaminated free meats and protein is driving market.
Dearth of awareness about the usage of drugs for animal is restraining the market growthStrict 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.
By Product Type
Anti-Infective ParasiticidesEndo-parasiticidesEcto-parasiticidesEndectocides Anti-inflammatory Anesthetics Analgesics Hormones and Related Products Others
By Animal Type
Livestock AnimalsRuminantsSwinePoultry Equine
By Route of Administration
Oral Parenteral Topical Others
By Distribution Channel
Veterinary Hospitals Veterinary Clinics Pharmacies and Drug Stores Others
North AmericaU.S.CanadaMexicoSouth AmericaBrazilArgentinaRest of South AmericaEuropeGermanyFranceUnited KingdomItalySpainRussiaTurkeyBelgiumNetherlandsSwitzerlandRest of EuropeAsia-PacificJapanChinaSouth KoreaIndiaAustraliaSingaporeThailandMalaysiaIndonesiaPhilippinesRest of Asia PacificMiddle East & AfricaSouth AfricaEgyptSaudi ArabiaUnited Arab EmiratesIsraelRest of Middle East & Africa
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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.
Competitive Analysis: Global Farm Animal Drug Market
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.
Reasons to Purchase this Report
Current and future of global farm animal drug market outlook in the developed and emerging marketsThe segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast periodRegions/Countries that are expected to witness the fastest growth rates during the forecast periodThe 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 levelAll 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)
Table Of Contents: Global Farm Animal Drug Market
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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