Global Animal Antibiotics and Antimicrobials Market Report by Data Bridge Market Research released, study on with data Tables, analysis Charts, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. This report also Includes the complete analysis of each segment in terms of opportunity, market attractiveness index and growth rate, top players and new comers in industry, competitive landscape, sales, price, revenue, gross margin, market share, market risks, opportunities, market barriers, and challenges. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data.
Major Players: Global Animal Antibiotics and Antimicrobials Market
Some of the major market players in this market are-Zoetis, Boehringer Ingelheim International GmbH, Eli Lilly and Company, Merck Sharp & Dohme Corp, Bayer AG, Sanofi, Ceva, Virbac group, Vetoquinol S.A, Dechra Pharmaceuticals PLC, Phibro Animal Health Corporation, Merial, Elanco, Virbac, Medfly Healthcare Pvt.Ltd, IDEXX Laboratories Inc.
The Animal Antibiotics and Antimicrobials market accounted to USD 3.67 billion in 2016 growing at a CAGR of 4.5% during to 2024.
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Global Animal Antibiotics and Antimicrobials Market
Animal Antibiotics and Antimicrobials are used in animals which contribute to the emergence of antimicrobial resistance in bacteria that may be transferred to humans, thereby reducing the effectiveness of antimicrobial drugs for treating human disease. Antibiotics are the class of antimicrobials widely used for the treatment of bacterial infection.
Macrolides, tetracycline, quinolones, penicillin, cephalosporin, sulphonamides and amino glycosides are different animal antimicrobials and antibiotics types. Tetracycline, which is an important raw material for antibiotics, has witnessed rapid growth in the recent past. In the recent the demand for penicillin based antibiotics is increasing.
Focus of the report:
- The study provides an in-depth analysis of the Global Animal Antibiotics and Antimicrobials Market and current & future trends to elucidate imminent investment pockets.
- Changing market dynamics of the industry
- Strategies of key players and product offerings
- In-depth market segmentation
- Recent industry trends and developments
- Analyze and forecast Global Animal Antibiotics and Antimicrobials Market on the basis of type, function and application.
Segmentation: Global Animal Antibiotics and Antimicrobials Market
The global market for animal antibiotics and antimicrobials by the following sub-categories is presented
- By Product Type
- By Mode of Delivery
- Oral Powder
- Injection Segments
- By Animal Type
- Food-Producing Animals
- Other Food-Producing Animals
- Other Companion Animals
- By Geography
- North America
- South America
- Middle East and Africa
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FACTORS DRIVING GROWTH IN THE GLOBAL ANIMAL ANTIBIOTICS AND ANTIMICROBIALS MARKET
Increasing incidences of zoonotic diseases:
There are various types of zoonotic diseases reported worldwide, these are Animal influenza, Avian influenza, Bovine tuberculosis, Brucellosis, Cat scratch fever, Cysticercosi, Cryptosporidiosis, Enzootic abortion, Erysipeloid, Fish tank granuloma, Campylobacter, Hydatid disease, rabies, Rat bite fever (Haverhill fever), Toxocariasis, Zoonotic diphtheria.
According to world health organization, At least 55 000 people are dying of rabies in Asia and Africa. More than 50 000 cases of human brucellosis were diagnosed in only eight countries located south and east of the Mediterranean Sea in 2003.
Growing demand for pet insurance and rising animal health expenditure:
Expenses related to the prevention and control of rabies in Asia and Africa is around USD 590 million per year. Echinococcosis is a parasitic disease of tapeworms of the Echinococcus type. According to an article published on pet life today, In Unites states, the animal healthcare expenditure in 2016 was around USD 69.36 billion. Over the counter medicine for animals was accounted for USD 30 billion in United States in U.S.
According to Statista, the animal health care expenditure in 2017 in U.S. was around USD 40 billion and it is expected to increase to USD 46 billion by 2021.
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