According to a new market research report published by Global Insight Services “Veterinary Medicine Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Veterinary medicine is the branch of medicine that deals with the diagnosis, prevention, 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 that can affect different organs and systems.
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Key Players
The global veterinary medicine market includes players such as Archer Daniels Midland, Boehringer Ingelheim International GmbH, Ceva Santé Animale, Dechra Pharmaceuticals PLC, Elanco Animal Health Incorporated, Evonik Industries AG, Merck & Co Inc, Soparfin SCA, Virbac SA., Zoetis Inc, and others.
Key Trends
Some of the key trends in Veterinary Medicine technology include the use of 3D printing for prosthetics and implants, the use of drones for the delivery of food and medicine, and the use of robotics for surgery.
3D printing is becoming increasingly popular in the veterinary world, as it offers a way to create custom prosthetics and implants for animals. This technology is particularly beneficial for animals who have lost a limb or who are born with congenital defects.
Drones are also becoming increasingly popular in the veterinary field, as they offer a way to quickly and efficiently deliver food and medicine to animals in need.
Robotics is another area where veterinary medicine is beginning to adopt new technologies. Robotics can be used for a variety of surgical procedures and has the potential to improve the accuracy and precision of these procedures.
Key Drivers
There are several key drivers of the veterinary medicine market.
The first is the increasing prevalence of pet ownership. In developed countries, the percentage of households with pets has been steadily increasing for several decades, and this trend is now starting to emerge in developing countries as well.
Another key driver of the veterinary medicine market is the increasing demand for a better quality of care for pets. As pets become increasingly recognized as members of the family, owners are increasingly willing to invest in their health and wellbeing.
Finally, the veterinary medicine market is being driven by the changing regulatory environment. In many countries, there is an increasing focus on the regulation of veterinary medicines, and this is likely to continue in the future.
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Market Segments
The veterinary medicine market is segmented by product, animal type, end-use, and region. By product, the market is classified into drugs, vaccines, and others. On the basis of animal type, it is bifurcated into companion animals, and livestock animals. Based on end-use, it is divided into laboratories, veterinary hospitals, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Reasons to buy Veterinary Medicine Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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