Research Nester published a report titled “Veterinary (Animal Drug) Drug Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global veterinary (animal drug) drug market in terms of market segmentation by vaccines, medicated feed additives, route of administration, animal type, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global veterinary (animal drug) drug market is expected to garner a notable CAGR over the forecast period, i.e., 2022 – 2031. The market is segmented by end-user into veterinary hospitals, veterinary clinics, and pharmacies. Out of which, the veterinary hospital sub-segment is projected to hold the maximum share in the global veterinary (animal drug) drug market on the back of the large number of pet owners visiting the veterinary hospitals. Moreover, on account of aggressive research and technological advancement in the veterinary sector, the global veterinary (animal drug) drug market is estimated to grow during the forecast period.

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The global veterinary (animal drug) drug market is estimated to grow during the forecast period on the back of rising ownership of animals and the increasing usage of animal drugs. It is estimated that the cattle population was about 997 million in 2021, which further increased to approximately 1 billion head in 2022. The increasing number of pet owners and growing pet health awareness are expected to foster the global veterinary (animal drug) drug market growth during the forecast period on the back of the increasing population of cattle is expected to propel the global veterinary (animal drug) drug market during the forecast period. Moreover, the increasing initiatives taken by the veterinary doctors have been laudable and instilling pet awareness amongst the people.

Regionally, the global veterinary (animal drug) drug market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is projected to witness noteworthy growth over the forecast period owing to escalating adoption of the animals in the region. The region comprises improved and state-of-the-art infrastructure which facilitates veterinary research and development. Moreover, the Europe region is also expected to offer promising opportunities for the growth of the global veterinary (animal drug) drug market during the forecast period. Since the region has stringent policies for animal health the people are cautious regarding regular check-ups and vaccinations.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Government Initiatives to Boost the Market Growth

The World Veterinary Association is an association that represents over 500,000 veterinarians worldwide.

The mission of the world veterinary association is to render leadership in promoting animal health and wealth through education and partnership. The rising initiatives from the veterinary professionals are projected to boost the global veterinary (animal drug) drug market growth during the forecast period.

However, lack of awareness is expected to operate as a key restraint to the growth of the global veterinary (animal drug) drug market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global veterinary (animal drug) drug market which includes company profiling of Zoetis Inc., Merch & Co., Inc., Boehringer Ingelheim International GmbH, Ceva Sante Animale, Elanco Animal Health Incorporated, Vetoquinol SA, Bayer AG, Bimeda Holdings PLC, Nutreco N.V., and Hester Biosciences Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global veterinary (animal drug) drug market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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