Veterinary Antibiotics are used to treat, control or prevent animals against diseases. These are also used as growth promoters and play a vital role in maintaining animal health. Antibiotics are generally the anti-bacterial compounds that have a direct effect on bacteria, thereby preventing the infection in farm and companion animals. Growing concerns over antibiotic resistance in human beings coupled with rising demand for milk, eggs and meat is influencing the veterinary antibiotic market across the globe.
Factors driving the growth of the veterinary antibiotics market are high predominance of zoonotic diseases, and growing importance of immunization across the globe. However, rising threat of antibiotic resistance and stringent regulations imposed by FDA are likely to hamper the growth of the market. Moreover, rise in demand for pet health insurance combined with healthcare expenditure in the veterinary antibiotics is further likely to create growth opportunities in the market.
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The Prominent/Emerging Players in the Veterinary Antibiotocs Market Research include:
Merck & Co.
Ceva Sante Animale.
Boehringer Ingelheim GmbH
Johnson & Johnson
Kyowa Hakko Kirin Pharma
The veterinary antibiotics market is segmented on the basis of product, formulation, and end use. On the basis of product, the market is categorized as anti-parasitic, anti-bacterial, non-steroidal anti-inflammatory drug, and others. On the basis of formulation, the market is categorized as premixes, injections, oral powders, oral solutions, and others. On the basis of end use, the market is categorized as farm animals, companion animals, and others.
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
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