DUBLIN–(BUSINESS WIRE)–The “Animal Medicine Global Market Report 2020-30: COVID-19 Impact and Recovery” report has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global animal medicine market as it emerges from the COVID-19 shut down.
The global animal medicine market is expected to decline from $38.9 billion in 2019 to $32.4 billion in 2020 at a compound annual growth rate (CAGR) of -16.8%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. COVID-19 pandemic is affecting industries across the globe including the animal sector. The restrictions on non-essential medical services coupled with slowed production of veterinary pharmaceuticals due to extended factory closures in various countries, shortage of APIs and other chemicals, and rise in prices of key ingredients are the key factors for this decline. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $50.3 billion in 2023.
Reasons to Purchase
North America was the largest region in the global animal medicine market, accounting for 58% of the market in 2019. Asia Pacific was the second largest region accounting for 18% of the global animal medicine market. Africa was the smallest region in the global animal medicine market.
Veterinary pharmaceutical producers have started using Stem Cell Therapy as an animal medicine due to its excellent capabilities of healing arthritis or animal injury. Stem Cell Therapy is a process of injecting stem cell into the body of the animal to replace the damaged cells of the body. The injected stem cell is unspecialized and acquires the property of the cell that has to be replaced. It also divides itself into as many cells as required by the body. It enables to treat the bone and ligament injury, kidney and liver disease and some kinds of skin diseases.
The animal medicine market consists of sales of animal medicine and related services by entities (organizations, sole traders and partnerships) that produce animal medicine to treat animal diseases. This industry includes establishments that produce veterinary pharmaceuticals such as veterinary vaccines, veterinary antibiotics, and other veterinary pharmaceuticals. It also includes establishments that produce medical feed additives and nutritional feed additives.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Animal Medicine Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Animal Medicine Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Animal Medicine Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Animal Medicine Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Animal Medicine Market Trends And Strategies
8. Animal Medicine Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
9. Animal Medicine Market Regional Analysis
9.1. Global Animal Medicine Market, 2019, By Region, Value ($ Billion)
9.2. Global Animal Medicine Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Region
9.3. Global Animal Medicine Market, Growth And Market Share Comparison, By Region
10. Animal Medicine Market Segmentation
10.1. Global Animal Medicine Market, Segmentation By Type
10.2. Global Animal Medicine Market, Segmentation By Type of Animal
10.3. Global Animal Medicine Market, Segmentation By End-Use
11. Animal Medicine Market Segments
11.1. Global Veterinary Pharmaceuticals Market, Segmentation By Type
11.2. Global Feed Additives Market, Segmentation By Type
12. Animal Medicine Market Metrics
12.1. Animal Medicine Market Size, Percentage Of GDP, 2015-2023, Global
12.2. Per Capita Average Animal Medicine Market Expenditure, 2015-2023, Global
For more information about this report visit https://www.researchandmarkets.com/r/psh6sd