DUBLIN, Mar 7, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Animal Pharmaceuticals Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
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 increasing consumption of meat and milk, increasing zoonotic and food borne diseases, and increasing trend of pet adoption are the key factors driving the growth of the global market.
The evolution of new diseases in animals and emerging economies offer ample opportunities for the growth of animal pharmaceuticals market. To find enhanced solutions for prevailing and new diseases, the companies in the animal pharmaceuticals market are active in research and development activities. Evolution of new diseases in animals drives the research and development of new pharmaceuticals for the treatment of these diseases. Different companies are targeting research for the development of new drugs and to exploit market potential. However, increasing cost and regulation in animal testing and restrictions imposed by regulatory authorities affecting antibiotic sales are expected to hamper the growth of the global market to some extent.
North America accounted for the largest share in the global market in 2015 and it is expected to grow at the considerable rate during the forecast period. The factors driving the animal pharmaceuticals market in the region are high level of urbanization, high standard of living, and high consumption of meat and milk products. Europe was the second largest market for animal pharmaceuticals devices in 2015. The European market is primarily driven by increasing awareness about the diseases associated with livestock and companion animals.
- Merck & Co., Inc.
- Vetoquinol S.A.
- Zoetis Inc.
- Virbac Sa
- Boehringer Ingelheim Gmbh
- Perrigo Company Plc
- Eli Lilly & Company
- Bayer Ag
Key Topics Covered:
1. Research Scope And Methodology
2. Executive Summary
3. Market Outlook
4. Animal Pharmaceuticals Market Size & Forecast (2012 - 2022)
5. Animal Pharmaceuticals Market, By Product
6. Animal Pharmaceuticals Market, By Animal Type
7. Global Animal Pharmaceuticals Market, By Geography
8. Competitive Positioning Analysis
9. Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/dspjkf/global_animal
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-animal-pharmaceuticals-market-to-grow-at-a-cagr-of-77-by-2022---increasing-zoonotic--food-borne-diseases---research-and-markets-300419358.html
SOURCE Research and Markets