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New report examines the Global animal antibiotics and antimicrobials market will hit at a CAGR of 4.5% by 2024

New report examines the Global animal antibiotics and antimicrobials market will hit at a CAGR of 4.5% by 2024

The new report “Global Animal Antibiotics and Antimicrobials Market” accounted to USD 3.67 billion in 2016 growing at a CAGR of 4.5% during the forecast period of 2017 to 2024.

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Global Animal Antibiotics and Antimicrobials Market, By Product Type (Tetracycline, Penicillin, Sulfonamide, Macrolide, Cephalosporin, Fluoroquinolone), By Mode of Delivery (Premixes, Oral Powder, Injection), By Animal (Food-producing & Companion), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)- Industry Trends and Forecast to 2024

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Animal Antibiotics and Antimicrobials are used in animals which contribute to the emergence of antimicrobial resistance in bacteria that may be transferred to humans, thereby reducing the effectiveness of antimicrobial drugs for treating human disease.

Major Market Drivers and Restraints:

  • Rising demand for animal-derived food products
  • Growing demand for pet insurance and rising animal health expenditure
  • Increasing incidences of zoonotic diseases
  • Lack of innovative of new antibiotic
  • Growing imperviousness to antimicrobials and anti-microbials

Market Segmentation: Animal Antibiotics and Antimicrobials Market

By product type the Animal Antibiotics and Antimicrobials market is segmented into Tetracycline, Penicillin, Sulfonamide, Macrolide, Cephalosporin, and Fluoroquinolone.

On the basis of Mode of Delivery the market is segmented into Premixes, Oral Powder, Injection segments. By Animal Type the segmentation of the market is food-producing animals and companion.

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Food-producing animals segment is further segmented into cattle, pigs, poultry, sheep and goats, other food-producing animals. Companion segment in further segmented into dogs, cats, horses, other companion animals.

On the basis of geography, Animal Antibiotics and Antimicrobials market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Competitive Analysis: Animal Antibiotics and Antimicrobials Market

The Global Animal Antibiotics and Antimicrobials market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Animal Antibiotics and Antimicrobials marketfor global, Europe, North America, Asia Pacific and South America.

Some of the major players operating in Animal Antibiotics and Antimicrobials market are Zoetis, Inc. Boehringer Ingelheim GmbH, Merck & Co., Inc., Ceva Sante Animale, Eli Lilly and Company, Bayer AG, Dechra Pharmaceuticals PLC, Virbac, Vetoquinol S.A, Boehringer Ingelheim GmbH, Sanofi ,Ceva Sante Animale, and among others.

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