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Global Animal Pharmaceuticals Market Expected to Grow at 7.7% CAGR During 2016 - 2022: P&S Market Research


News provided by

P&S Market Research

14 Oct, 2016, 10:33 GMT

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NEW YORK, October 14, 2016 /PRNewswire/ --

According to market research "Global Animal Pharmaceuticals Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Product (Ectoparasiticides, Endoparasiticides, Anti-Inflammatories, Bronchodilators, and Others), by Animal Type (Companion Animals and Production Animals)" by P&S Market Research, the global animal pharmaceuticals market was valued at $12,614.3 million in 2015, and it is expected to grow at a CAGR of 7.7% during 2016 - 2022.

The growth of the global market is largely driven by increasing consumption of meat and milk, and increasing zoonotic and food borne diseases. Due to growing health concern of related animals and their increasing number, the healthcare expenses in farms are surging globally. Animal farms are increasing globally, due to growing demand for protein rich foods, such as milk, eggs and meat. Increasing trend of pet adoption is another key factor driving the growth of the global market. The declining research and development productivity and growth of generic and OTC drugs for animal care are the key trend witnessed in the global market. The declining research and development productivity is leading to the maturity of animal pharmaceutical product portfolio. The fewer new chemical entity approvals are limiting the opportunities for key manufacturers to expand their portfolio in animal pharmaceuticals market. The low productivity of research and development increases the competition among the key manufacturers.

Explore Report Description with Detailed TOC at: https://www.psmarketresearch.com/market-analysis/animal-pharmaceuticals-market

Among the different types of animal pharmaceutical products, the ectoparasiticides generated largest revenue in the global animal pharmaceuticals market in 2015. High prevalence of animals affected with ectoparasites is the key factor driving the growth of the ectoparasiticides market. The bronchodilators market would witness fastest growth during the forecast period.

Based on animal type, the largest revenue was generated from the sales of animal pharmaceuticals for companion animals in 2015. Whereas, the animal pharmaceuticals market for production animals would witness faster growth during the forecast period. Increasing awareness regarding the livestock related diseases is the key reason behind the higher growth of the animal pharmaceuticals market for production animals.

Explore Related Research: https://www.psmarketresearch.com/industry-report/consumer-products

Some of the key players operating in the global market include Merck & Co. Inc., Vetoquinol S.A., Zoetis Inc., Virbac SA, Boehringer Ingelheim GmbH, Perrigo Company plc, Eli Lilly and Company, Sanofi and Bayer AG.

GLOBAL ANIMAL PHARMACEUTICALS MARKET SEGMENTATION 

By Product 

  • Ectoparasiticides
    • Ivermectin
    • Cypermethrin
    • Fipronil
    • Coumaphos
    • Others
  • Endoparasiticides
    • Ivermectin
    • Praziquantel
    • Flubendazole
    • Milbemycin
    • Levamisole
    • Fenbendazole
    • Pyrantel
    • Others
  • Anti-Inflammatories
    • NSAIDs
    • Corticosteroids
    • Others
  • Bronchodilators
    • Theophylline
    • Albuterol
    • Others
  • Others

By Animal Type 

  • Companion Animals
    • Canine
    • Feline
    • Equine
  • Production Animals
    • Livestock
    • Poultry

GEOGRAPHICAL SEGMENTATION 

By Region 

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • France
    • Germany
    • U.K.
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Rest of RoW

Browse Other Published Report by P&S Market Research 

Global Animal Healthcare Market - https://www.psmarketresearch.com/market-analysis/animal-healthcare-market

Global UHT Milk Market - https://www.psmarketresearch.com/market-analysis/uht-milk-market

Global Sports Supplements Market - https://www.psmarketresearch.com/market-analysis/sports-supplements-market

About P&S Market Research 

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:
Abhishek
Executive - Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com

Web: https://www.psmarketresearch.com

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