Veterinary Medicine Market Size, Share, Analysis, Trend, and Growth

Factors such as increase in various medical conditions in animals and rise in demand for livestock products also fuel the growth of the veterinary medicine market. Increase in animal healthcare expenditure is another major factor driving the market growth. However, lack of veterinary infrastructure in underdeveloped nations and stringent regulations related to medical feed additives restrict the growth of the veterinary drug market. On the other hand, increasing awareness about animal health provides a lucrative opportunity for the veterinary medicine market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.alliedmarketresearch.com/request-sample/3366

𝐏𝐨𝐬𝐭 𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨:
Additionally, the Covid-19 pandemic is another major factor affecting the veterinary drug market due to country-wide lockdowns across the globe. Thus, this lockdown has created new challenges and changes which are tedious to manage and are affecting every business. In the veterinary drug industry, demand for veterinary drugs has decreased due to COVID-19. However, the supply is in good condition and is ensured by the relevant government agencies present in various countries. Thus, the overall impact of the Covid-19 outbreak on the veterinary medicine market has been negative due to factors such as fewer veterinary visits and postponement of annual check-ups of companion animals.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲@ https://www.alliedmarketresearch.com/purchase-enquiry/3366

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝
On the basis of product, the pharmaceuticals segment accounted for the major share in 2019, due to factors such as increased parasite infestation in animals and spread of various infections, which are treated using anti-infectives.

Asia-Pacific is expected to exhibit the fastest growth rate due to the increasing awareness about the use of veterinary drugs. Other factors driving the market growth include increasing awareness about animal health and increasing ownership of companion animals in the region.

𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐪𝐮𝐞𝐬𝐭@ https://www.alliedmarketresearch.com/request-for-customization/3366

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

• Zoetis, Inc.,
• Merck & Co., Inc. (Intervet International B.V.),
• Elanco Animal Health,
• Dechra Pharmaceuticals PLC,
• Ceva Santé Animale,
• Virbac.,
• Vetoquinol S.A.,
• Boehringer Ingelheim International GmbH.,
• ADM Animal Nutrition,
• Evonik Industries AG.

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
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