Global Animal Antibiotics and Antimicrobials Market Booming at a CAGR of 4.5% to Estimated $5.7 Billion Growth By 2026
Definition:
Animal antibiotics and antimicrobials can be used in those animals which contribute to the emergence of antimicrobial resistance in bacteria that may be transferred to humans, there for it reduces the effectiveness of antimicrobial drugs for treating human disease.
Analysis of Global Animal Antibiotics and Antimicrobials Market report:
Global Animal Antibiotics and Antimicrobials Market accounted to USD 4.01 billion in 2018 to an estimated value of USD 5.7 billion by 2026 growing at a CAGR of 4.5% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2016 and the forecast period is 2019 to 2026.
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Market Drivers
- Rising demand for animal-derived food products
- Growing demand for pet insurance and rising animal health expenditure
- Increasing incidences of zoonotic diseases
Market Restraints
- Lack of innovative of new antibiotic
- Growing imperviousness to antimicrobials and anti-microbial
Leading Key players profiled in this report are:
Some of the major players operating in global animal antibiotics and antimicrobials market are Zoetis, Boehringer Ingelheim International GmbH, Merck & Co., Inc., Ceva, Eli Lilly and Company, Bayer AG, Dechra Pharmaceuticals PLC, Virbac, Vetoquinol S.A, Boehringer Ingelheim GmbH, Sanofi , Bioniche Animal Health, Elanco, Fort Dodge Animal Health and among others
Global Animal Antibiotics and Antimicrobials Market Segmentation:
By Product Type
- Tetracycline
- Penicillin
- Sulfonamide
- Macrolide
- Cephalosporin
- Fluoroquinolone
- Aminoglycosides
- Lincosamides
By Mode of Delivery
- Premixes
- Oral Powder
- Injection segments
By Animal Type
- Food-producing animals
o Cattle
o Pigs
o Poultry
o Sheep
o Goats
o Other food-producing animals
- Companion
o Dogs
o Cats
o Horses
o Other companion animals
By Geography
- North America
- South America
- Europe
- Asia-Pacific
Competitive Analysis:
Global animal antibiotics and antimicrobials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of animal antibiotics and antimicrobials market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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The Global Animal Antibiotics and Antimicrobials Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Animal Antibiotics and Antimicrobials Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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