Animal livestock drugs market is expected to gain market growth in the forecast period of 2020 to 2027. Emerging markets and huge investments in research and development are the factors responsible for the growth of the animal livestock drugs market.
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Animal livestock means farmed ruminants and domesticating animals with the exception of poultry. The class includes primarily cattle, sheep, pigs, goats, horses, donkeys, and other animals, may predominate in the agriculture of other areas. Cattle (genus bos) make up the largest livestock group worldwide. Sheep (genus ovis) were among the first animals to be domesticated.
However, increasing growth in demand for pesticide-free foods will drive the global animal livestock drugs market. Moreover, upsurge in demand for livestock products and initiatives to encourage breeding of endangered breeds also boost up the animal livestock drugs market growth. But lack of awareness and requirement of huge capital investment and labour may hamper the global animal livestock drugs market.
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Global Animal Livestock Drugs Market Scope and Market Size
The animal livestock drugs market is segmented on the basis of type, drugs, end-users and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the animal livestock drugs market is segmented into cattle, sheep, pigs, goats, horses and others.
- On the basis of drugs, the animal livestock drugs market is segmented into antibiotics, vaccine and others.
- On the basis of end-users, the animal livestock drugs market is segmented into hospitals, specialty clinics and others.
- On the basis of distribution channel, the animal livestock drugs market has also been segmented into direct tender, hospital pharmacy, retail pharmacy, online pharmacy and others.
Animal Livestock Drugs Market Country Level Analysis
Animal livestock drugs market is analysed and market size information is provided by country, type, drugs, end-users and distribution channel as referenced above.
The countries covered in the animal livestock drugs market report are the U.S., Canada, Mexico in North America, Brazil, Argentina, Peru, Rest of South America, as part of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa, as a part of Middle East and Africa.
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North America accounts the largest market share due to the presence of key manufacturers of the product, high research and development and healthcare expenditure and skilled professionals. Europe is considered as the second largest market for livestock drugs due to increased domestication of animals. Asia-Pacific is expected to account for the highest growth rate over coming years for the animal livestock drugs market due to increased government awareness programs and number of generic drugs.
Competitive Landscape and Animal Livestock Drugs Market Share Analysis
Animal livestock drugs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to animal livestock drugs market.
The major players covered in the animal livestock drugs market report are Boehringer Ingelheim International GmbH, Zoetis, Merck & Co., Inc., Elanco, Bayer AG, Virbac, Ceva, Sante Animale, Vetoquinol S.A., Bimeda Animal Health among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
