Veterinary Injection Market: Information by Type (Antibacterial, Antiviral drugs) End-user Application (Poultry, Ruminants, Pigs, Pets, Other), and Region (Asia-Pacific, North America, Europe, Latin America, and Others) — Global Forecast till 2026
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis and treatment of disease, disorder and injury in non-human animals. The scope of veterinary medicine is wide, covering all animal species, both domesticated and wild, with a wide range of conditions which can affect different species. Veterinary injection is the act of putting a liquid, especially a drug, into an animal's body using a needle (usually a hypodermic needle) and a syringe.
In terms of value, a recent report from Global Market Monitor forecasts the global Veterinary Injection market is projected to grow from USD xxxx million in 2019 to USD xxxx million by 2026, registering a CAGR of xxxx% during this period.
The global Veterinary Injection market growth is much reliant on factors such as the rising number of pet adoptions, growing veterinary expenditure, the increasing number of veterinary professionals, as well as the upsurge demand for pet insurance. Further, the growing awareness concerning animal’s health, growing incentives by the government in terms of policies or supporting programs for animal health care will propel the market growth as well.
Whereas due to the side effects of high cost either on trained personnel & licenses or hardware equipment, which in turn negatively affect the prices, make veterinary services less affordable, this may restrict the overall Veterinary Injection market development and further hampering its stride to achieving higher revenue target.
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Veterinary Injection Market: Type Outlook
l Antibacterial
l Antiviral drugs
Veterinary Injection Market: Application Outlook
l Poultry
l Ruminants
l Pigs
l Pets
l Other
Veterinary Injection Market: Region Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
Highlight: Key Trends of the Global Veterinary Injection Market
Americas – The Largest Regional Market
America dominates the leading position in the prevailing market which is due to the good animal welfare policies and a well-developed country. Also, thanks to the high affordability to animal health care, the high concentration of the main veterinary clinics and hospitals in the developed economies, along with a huge amount in animal welfare expenditure and research in veterinary medicine market.
Europe – Promising Growth Avenue Segment
Europe ranked the second-largest market in the world and with a continuous trend for expansion, that is owing to the prosperous healthcare industry, growing health penetration, coupled with the preferred tax and policies benefits to this sector. Countries such as France and German are important contributors to the market, while Germany is predicted to exhibit the highest growth rate among other areas over the forecast period due to its large pharmaceutical industry.
APEC – The Fastest Growing Regional Market
Asia-Pacific marked as one of the most attractive markets for the proliferation of Veterinary Injection solutions over the forecast period. China, Malaysia, and India in the region may become the main force leading the regional market growth. The growing private veterinary clinics, awareness about animal health care, rising NGOs and government campaigns work for the welfare of pet animals are the main driver for the promising trend.
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Leading Company for Driving Industry development
The global Veterinary Injection market growth is also reliant on the development of active players in the industry, which are Zoetis (Pfizer), MERIAL, Lilly, Bayer, Boehringer, Novartis, Virbac, Ceva, Vetoquinol, CAHIC, Ringpu, Lukang Pharma, and etc.
Key Stakeholders
l Veterinary Injection equipment and medicine manufacturers
l Raw equipment suppliers of Veterinary Injection
l Downstream vendors and end-users
l Animal health care institutions and clinic laboratories
l Traders, distributors, and resellers of Veterinary Injection equipment
l Medical Machinery industry associations and research organizations
l Product managers, Veterinary Injection devices industry administrator, C-level executives of the industries
l Market Research and consulting firms
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Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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