The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s veterinary antibiotics market report forecasts the veterinary antibiotics market size to grow to $2.7 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Veterinary Antibiotics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/veterinary-antibiotics-global-market-report

Veterinary Antibiotics Market Size Forecast
The global veterinary antibiotics market is expected to grow from $1.86 billion in 2022 to $2.02 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global veterinary antibiotics market size is expected to grow to $2.7 billion in 2027 at a CAGR of 7.5%.

North America held the largest veterinary antibiotics market share.

Key Veterinary Antibiotics Market Driver ­– Increase In The Number Of Zoonotic Diseases
Zoonotic diseases are infectious diseases caused by microscopic organisms, infections, and parasites that spread between animals and humans. Two of the most common zoonotic pathogens, salmonella and campylobacter, are present in the intestines of these animals. Zoonotic diseases are also a potential threat to humans as they get transferred through the food chain. A study conducted by the FoodNet (Centers for Disease Control and Prevention, USA) found that 24,484 foodborne illnesses, 5,677 hospitalizations, and 122 deaths are caused by zoonotic diseases. In addition, the highest incidences per 100,000 people in the USA are caused by infectious diseases such as campylobacter, salmonella, and shigella. Therefore, there is a need to diagnose these diseases in animals at an early stage, which is a major driver of the veterinary antibiotics market.

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Key Veterinary Antibiotics Market Trend – Increasing Collaboration Between Companies
Collaboration offers companies the opportunity to combine technologies and a wide range, more diversified products to work with, and it also improves the quality of the antibiotics and the speed at which they are produced. Therefore, companies in the veterinary antibiotics market are focusing on collaborations. For instance, in September 2022, GlobalVetLink, a US-based provider of software services and informatics solutions in the field of animals, collaborated with Veterinary Innovative Partners to install GlobalVetLink Compliance Assistant, a thorough SaaS platform developed to simplify animal health.

Veterinary Antibiotics Market Segment
1) By Product: Anti-Parasitic, Anti-Bacterial, Non-Steroidal Anti-Inflammatory Drug, Other Products
2) By End User: Farm Animals, Companion Animals
3) By Administration: Premixes, Injections, Oral Powders, Oral Solutions, Other Administration

Veterinary Antibiotics Market Major Players and Strategies
Major players in the veterinary antibiotics market are Bayer AG, Boehringer Ingelheim GmbH, CevaSanteAnimale, Eli Lilly Company, ElanCo., Merck & Co., Sanofi, Virbac, Zoetis, and Crystal Pharma.

The Veterinary Antibiotics Global Market Report 2023 covers regional data on veterinary antibiotics market size, veterinary antibiotics market trends and drivers, opportunities, strategies, and veterinary antibiotics market competitor analysis. The countries covered in the veterinary antibiotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Veterinary antibiotics refer to a class of animal medications that are used to treat infectious disease in animals by killing microorganisms such as bacteria and parasites by inhibiting the growth of their cell walls to fight infections and diseases in animals caused by bacteria and improve the animals’ health conditions.

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