Veterinary Antibiotics Market High Growth Opportunities, Emerging Trends, Industry Review, Forecast till 2028

The global antibiotics market size was USD 55.13 Billion in 2020 and is expected to register a CAGR of 3.9% during the forecast period.

The Global Veterinary Antibiotics Market report published by Reports and Data is a concise summary on the Veterinary Antibiotics industry and offers deep insights into the industry’s core structure and mechanism. The report digs into the key segments and sub-segments of the industry and offers a thorough study of the industry’s leading regional markets, competitive scenario, product and application segments, technology landscape, sales distribution networks, and key industry statistics. Market insights included in the report have been compiled through extensive research, detailed market surveys, and expert interviews.

Veterinary Antibiotics are widely used in healthcare industry to treat and prevent bacterial and infectious diseases. Bactericidal Veterinary Antibiotics kill bacteria while bacteriostatic Veterinary Antibiotics prevent differentiation and growth of bacteria. Veterinary Antibiotics are powerful drugs and drug-target interaction and effects of these drugs are well characterized. Over the recent past, various Veterinary Antibiotics are being used for therapeutic purposes and other industries such as animal husbandry and agriculture. Veterinary Antibiotics are either cytotoxic or cytostatic to microorganisms and allows defense mechanism of the body to eliminate bacteria. These drugs act by inhibiting synthesis of a bacterial cell, synthesis or proteins, DNA, RNA, or other specific actions. Increasing demand for Veterinary Antibiotics across various sectors is leading to development and use of off-label drugs. Rising focus on modification of existing Veterinary Antibiotics to fight emerging resistance of pathogens is another major factor expected to boost revenue growth of the global Veterinary Antibiotics market.

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Veterinary Antibiotics are widely available as over-the-counter drugs and can be bought without any prescription and this is another factor expected to fuel market revenue growth. These drugs have also been used in agricultural animal production as therapeutics to treat disease and prophylactically and to improve growth rate and feed conversion efficiency. Besides treating infectious diseases, Veterinary Antibiotics have made several medical procedures such as cancer treatment, organ transplant, and open heart surgery possible. However, increasing incidence of antibiotic resistance and high costs associated with clinical trials and drug approvals are some key factors that could hamper market revenue growth to a certain extent over the forecast period.

Some Key Factors Contributing to the Global Pharma Healthcare Market Growth

Unprecedented revenue growth of the global pharma healthcare industry is attributed to factors such as rising prevalence of chronic and acute diseases worldwide, increasing geriatric population, rising awareness of health wellness among consumers, and growing demand for more advanced healthcare services. Increasing demand for advanced drugs and therapeutics, growing availability of next-generation diagnostics and treatment options – especially in developing countries like India and China – rise in RD activities and clinical trials in the pharmaceutical and biotechnology sectors, increasing public and private investments in healthcare research projects, and rising consumer expenditure on healthcare are among the other significant factors contributing to the industry revenue growth.

Top Players in the Global Veterinary Antibiotics Market:

  • Bristol-Myers Squibb Co
  • AstraZeneca Plc
  • The Menarini Group
  • GlaxoSmithKline plc
  • Bayer HealthCare AG
  • Eli Lilly and Company
  • Merck Co., Inc
  • Johnson Johnson
  • Novartis AG
  • Teva Pharmaceutical Industries Ltd
  • Sanofi.

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Veterinary Antibiotics Market Segmentation:

Type Outlook (Revenue, USD Billion; 2018-2028)

  • Protein
  • DNA
  • RNA
  • Cell Wall Synthesis Inhibitors
  • Mycolic Acid Inhibitors

Product Outlook (Revenue, USD Billion; 2018-2028)

  • Carbapenems
  • Penicillin
  • Fluoroquinolones
  • Macrolides
  • Others

Administration Route Outlook (Revenue, USD Billion; 2018-2028)

  • Oral
  • Topical
  • Sublingual
  • Inhalation
  • Others

End Use Outlook (Revenue, USD Billion; 2018-2028)

  • Hospital pharmacies
  • Retail pharmacies
  • Online pharmacies

 Global Veterinary Antibiotics Market Report: Regional Segmentation

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

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Global Veterinary Antibiotics Market: Table of Contents

Chapter 1. Methodology Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

       1.4.1. Primary Sources

       1.4.2. Secondary Sources

       1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

Chapter 3. Key Insights

Chapter 4. Global Pharma Healthcare Market Segmentation 

4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis

4.2. Industrial Outlook

       4.2.1. Market indicators analysis

       4.2.2. Market drivers’ analysis

       4.2.3. Market restraints analysis

 4.3. Technological Insights

 4.4. Porter’s Five Forces Analysis

 4.5. Regulatory Framework

 4.6. Price trend Analysis

 4.7. Competitive Metric Space Analysis

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Some Key Highlights from the Report:

  • Cell wall inhibitors segment is expected to account for largest revenue share over the forecast period attributable to increasing use of cell wall biosynthesis inhibiting Veterinary Antibiotics to treat drug resistant pathogens and rising focus on inhibition of cell wall synthesis for development of new Veterinary Antibiotics.
  • Fluoroquinolones segment is expected to register robust revenue CAGR over the forecast period owing to recent advancements in fluoroquinolones to enhance antimicrobial and pharmacokinetic profiles, rising number of clinical trials to expand application scope of these Veterinary Antibiotics, and growing effectiveness of fluoroquinolones in vitro against gram positive pathogens.
  • Oral segment is expected to account for significantly large revenue share over the forecast period attributable to increasing preference for oral antibiotic therapy, numerous advantages of oral administration over intravenous administration, and rising cost-effectiveness of oral administration.
  • Hospital pharmacies segment is expected to register considerably high revenue growth rate over the forecast period owing to increasing availability of broad spectrum Veterinary Antibiotics in hospital pharmacies, rising hospital admissions due to bacterial and infectious diseases, and implementation of stringent policies to streamline antibiotic use in hospitals.

Frequently Asked Questions Answered in the Report:

  • What is the estimated revenue growth rate of the global Veterinary Antibiotics market over the forecast period?
  • What are the major factors driving the global market revenue growth?
  • Which are the leading manufacturers and suppliers in the global Veterinary Antibiotics market?
  • Which regional market is expected to lead in terms of revenue share in the global Veterinary Antibiotics market over the forecast years?
  • What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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