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Global Animal Pharmaceuticals Market
(Size of $12,614.3 Million in 2015) to
Witness 7.7% CAGR During 2016 – 2022



Animal Pharmaceuticals Market

The global animal pharmaceuticals market was valued at $12,614.3 million in 2015,
and it is expected to grow at a CAGR of 7.7% during 2016 - 2022. The growth of the
global market is largely driven by increasing consumption of meat and milk, and
increasing zoonotic and food borne diseases. Due to growing health concern of
related animals and their increasing number, the healthcare expenses in farms are
surging globally. Animal farms are increasing globally, due to growing demand for
protein rich foods, such as milk, eggs and meat. Increasing trend of pet adoption is
another key factor driving the growth of the global market. The declining research
and development productivity and growth of generic and OTC drugs for animal care
are the key trend witnessed in the global market. The declining research and
development productivity is leading to the maturity of animal pharmaceutical
product portfolio. The fewer new chemical entity approvals are limiting the
opportunities for key manufacturers to expand their portfolio in animal
pharmaceuticals market. The low productivity of research and development
increases the competition among the key manufacturers.
Explore Report Description with Detailed TOC at:

Animal Pharmaceuticals Market

Among the different types of animal pharmaceutical products, the
ectoparasiticides generated largest revenue in the global animal
pharmaceuticals market in 2015. High prevalence of animals affected with
ectoparasites is the key factor driving the growth of the ectoparasiticides
market. The bronchodilators market would witness fastest growth during the
forecast period.
North America accounted for the largest share in the global market in 2015,
owing to the large consumption of meat and milk products. The high level of
urbanization leading to high standard of living is the key reason for large
consumption of meat and milk products in North America. The U.S. contributed
largest revenue to the North American as well as global animal pharmaceuticals

Animal Pharmaceuticals Market

The information and data in the publication “Global Animal Pharmaceuticals Market
Size, Share, Development, Growth and Demand Forecast to 2022”, represents the
research and analysis of data from various primary and secondary sources. An
amalgamation of bottom-up and top-down has been used to calculate the market
size. P&S Market Research analysts and consultants interacted with leading
companies of the concerned domain to substantiate every value of data presented
in the report. The company bases its primary research on discussions with
prominent professionals and analysts in the industry, which is followed by informed
and detailed, online and offline research.
Based on animal type, the largest revenue was generated from the sales of animal
pharmaceuticals for companion animals in 2015. Whereas, the animal
pharmaceuticals market for production animals would witness faster growth during
the forecast period. Increasing awareness regarding the livestock related diseases is
the key reason behind the higher growth of the animal pharmaceuticals market for
production animals.
Some of the key players operating in the global market include Merck & Co. Inc.,
Vetoquinol S.A., Zoetis Inc., Virbac SA, Boehringer Ingelheim GmbH, Perrigo
Company plc, Eli Lilly and Company, Sanofi and Bayer AG.

Animal Pharmaceuticals Market

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