QY Research has come up with a new report on the global Veterinary Drug. The global Veterinary Drug market was valued at US$ 21515 million in 2019 and it is expected to reach US$ 30828 million by the end of 2026, growing at a CAGR of 5.58% during 2021-2026.
Veterinary drugs are used to cure and prevent diseases in animals, including animals used for food production. Veterinary drugs are given to animals via feed or drinking water, or by injection.
Global Veterinary Drug Market- Key Players
Zoetis, Elanco, Boehringer Ingelheim, Merck, Virbac, Ceva, Vetoquinol, Dechra, Norbrook, Phibro, Huvepharma, Hipra, Ouro Fino Saude, CAHIC, Orion, Ringpu Biology, Nippon Zenyaku Kogyo, Farmavet-Pasteur, are some of the key players, functioning in the global Veterinary Drug market. The industry is dominated by several leading companies like Zoetis, Elanco, Boehringer Ingelheim, Merck. The top 5 players own more than 65% market share.
Global Veterinary Drug Market: Type Analysis
Anti-Infectives, Anti-Inflammatory, Parasiticides, Analgesics, Sedatives are mainly analyzed in the report. Parasites are organisms that survive by attacking pets and farm animals for nourishment. They live in or on the body, benefiting from food and protection, while the unfortunate host animal suffers. External parasites, such as ticks, can then transfer disease from animals to people. Veterinary parasiticides or antiparasitics are products that kill parasites that infest livestock, pets and other animals. Parasiticides is the largest segment of veterinary drugs and own about 28% share in 2020. Anti-Inflammatory is the follower with also 26% share.
Global Veterinary Drug Market: Application Analysis
Veterinary Drugs can be used in Pets, Cattle, Poultry, Swine, etc. Pets are the largest consumers of veterinary drugs. In 2019, 38.33% veterinary drugs are consumed by pets industry. Cattle industry is the second largest consumers with 22.26% consumption share globally.
Read More Information: https://www.qyresearch.com/index/detail/2335975/global-veterinary-drug-industry-research-report-growth-trends-and-competitive-analysis-2020-2026
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