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Increasing Per Capita Spends on Pet Healthcare Drives the Global Animal Medication Market, According to New Report by Global Industry Analysts, Inc.
Date:8/8/2014

ansforming food consumption patterns, expanding middle class, rising disposable incomes, increased healthcare awareness, Westernization of food habits, and the emerging pet industry represent key growth drivers in the region. Farm animals or livestock represent the largest and the fastest growing market for animal medication.

Enhanced R&D on animal health and the production of new biotechnological vaccine products, are the other factors propelling market growth. In the global companion animal vaccines market, canine vaccines represent the largest as well as the fastest growing market segment. Porcine, Poultry, and Bovine vaccines are the most widely used livestock vaccines globally. The United States and Europe dominate the veterinary vaccines market. Recombinant DNA technology is expected to take the veterinary vaccines market to new heights, supported by the development and successful commercialization of novel products. Recombinant technology is also used in the production of vector-based vaccines. In a major breakthrough, novel nucleic acid sequencing methods enable the location of virulent genes of pathogenic microorganisms, and recombinant DNA methods enable the development of new genotypes through the removal of such genes.

Key players covered in the report include Abbott Animal Health, Bayer HealthCare, Boehringer Ingelheim GmbH, Ceva Santé Animale S.A., Dechra Pharmaceuticals PLC, Eli Lilly and Company, Merck Animal Health, Merial Limited, Novartis Animal Health Inc., Vetericyn Inc., Vétoquinol SA, Virbac SA, and Zoetis Inc. among others.

The research report titled, “Animal Medication: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, major growth drivers, regulati
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