DUBLIN, November 9, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Animal Antibacterial and Antibiotics Market 2016-2020" report to their offering.
The report forecasts the global animal antibacterial and antibiotics market to grow at a CAGR of 6.5% during the period 2016-2020.
Increase in investments is one of the popular trends of this market. The market is witnessing an increase in investments by various government and non-government organizations such as animal welfare associations. For instance, in 2012, the Animal Health Institute member companies invested $747 million in the R&D of new medicines for animals and the maintenance of existing products. Increased investments, especially in the underdeveloped markets of Asia and Africa, are expected to double the growth rate of the market in these regions.
According to the report, demand for protein-rich diet will drive growth in the market. Globally, animal products such as milk, eggs, and meat serve a large proportion of the human population. The increase in population is fueling the growth in the demand for food, including animal-based food. Further, the rise in urbanization has created a shift in consumption patterns. Demand for nutrient-dense foods such as animal-based meat and related food items such as milk, egg, and dairy products is on a rise.
Further, the report states that stringent regulatory guidelines for obtaining market approvals of animal drugs are a major hindrance to market growth. In the EU, distinct product supply rules for animal products and language barriers among member states affect the efficient and timely distribution of these drugs. For instance, in Italy, the regulations for the animal healthcare sector are more stringent than for the human healthcare sector, which hinders the regulatory approval process.
- Merck Animal Health
- Bayer HealthCare
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Veterinary drug approval process
PART 06: Antibacterial: Overview
PART 07: Market landscape
PART 08: Market segmentation by chemical class
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/bc4r8p/global_animal
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SOURCE Research and Markets