Animal Antibiotics and Antimicrobials Market Insights, Growth Outlook, Segmentation and Investment | Forecast to 2027
Global
Animal Antibiotics and Antimicrobials Market Research Report Information by
Delivery Type (Injections, Oral powder, Oral solutions, Premixes, Others),
Product Type (Aminocoumarins, Aminoglycosides, Bicyclomycin, etc) and Region -
Forecast To 2027.
Animal Antibiotics and Antimicrobials Market
Highlights
In the Healthcare industry,
medicines and antibiotics used for curing bacterial infection. Market Research
Future (MRFR) has published a research report about global animal antibiotics and antimicrobials market
that estimates rise for this market with 4.50% CAGR (Compound Annual Growth
Rate) for this market between 2017 and 2023. In terms of cash, the market that
is worth the US $ 3.9 bn in 2017 is expected to be worth the US $ 5.2 bn in
2023.
Observing the market structure,
this report offers relevant inputs about the factors affecting the market
growth. Evaluating market size and calculating the revenue, this reports covers
and observes the competitive developments of market players that include joint
ventures, new product developments, mergers and acquisitions, research and
developments (R & D), and strategic alliances. The key factors driving the
growth of animal antibiotics and antimicrobials market include growing animal
health expenditure, growing demand for pet insurance, high incidences of
diseases spread from animals, and increasing demand for animal derived food
products. However, growing resistance to anti microbials and antibiotics
opportunities can restrain the market growth.
Segmentation:
The global animal antibiotics
and antimicrobials market has been segmented on the basis of delivery type, end
user type, product type, and region. Based on delivery type, this market has
been segmented into injections, oral powder, oral solutions, premixes, and
others. Regarding the end user types, the market segmentation covers companion
animals and food producing animals. Segmentation based on product type segments
the market into aminocoumarins, aminoglycosides, bicyclomycin, cephalosporins,
fluoroquinolones, fusidic acid, macrolides, penicillin, phenicols,
sulfonamides, and tetracyclines.
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Regional
Analysis:
The regional segmentation of
the global animal antibiotics and antimicrobials market segments the market
into continent-based regional markets known as The Americas (North America
& South America), Europe, Asia Pacific, and the Middle East & Africa
(MEA).
The Americas always have the
potential to be the largest regional market. The factors driving the market
growth in this region include the availability of advanced medical facilities,
research and investment on the animal-based products for medical uses, and the
presence of several key market players in North America. North America anyways
alone is capable of emerging as the largest market due to its strong economies
are known as the United States of America (USA) and Canada. Many key market
players are also based in the USA. In this region, the availability of advanced
medical facilities makes North America a bigger market than South America.
Europe is another relevant
regional market due to the high density of population and the availability of
maximum advanced medical facilities after North America. Due to the reasons
same as The Americas, Western Europe as a market is greater than Eastern
Europe. In this region, the key country-specific markets are Germany, France,
Spain, Italy, and the United Kingdom (UK), followed by the rest of Western
Europe and then by Eastern Europe.
Asia Pacific is an untapped
market for animal antibiotics and antimicrobials. It can be a great regional
market during the forecast period due to the growing demand for improved
medical facilities in this region. The strong country-specific markets in this
region are Australia, China, India, Japan, and South Korea, followed by the
rest of the Asia Pacific region.
The MEA region shows limited
market with slow and steady growth. The reasons for the slow market growth in
this region are lack of education, lack of awareness, lack of technological development,
political instability, poor access to treatment, poor healthcare facilities,
and healthcare not considered a priority by most governments.
Global Market for Animal
Antibiotics and Antimicrobials - Key Players
The key players in the global
animal antibiotics and antimicrobials market include Bayer Animal Health,
Bioniche Animal Health, Ceva Sante Animale S.A., Elanco Animal Health, Fort
Dodge Animal Health, Merck Animal Health, Merial, Novartis Animal Health,
Phibro Animal Health Corp., Virbac Animal Health, and Zoetis.
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I Like to add one more important thing here, The Animal Antibiotics and Antimicrobials Market is expected to be around US$ 5.20 Billion by 2025 at a CAGR of 4.5% in the given forecast period.
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