Global Animal Pharmaceuticals Market to Grow at a CAGR of 7.7%, 2016-2022 With Merck, Vetoquinol, Zoetis, Virbac, Boehringer Ingelheim, Perrigo Company & Eli Lilly and Company Leading – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global
Animal Pharmaceuticals Market Size, Share, Development, Growth and
Demand Forecast to 2022”
report to their offering.

The global animal pharmaceuticals market was valued at $12,614.3 million
in 2015, and it is expected to grow at a CAGR of 7.7% during 2016 –
2022. The increasing consumption of meat and milk, increasing zoonotic
and food borne diseases, and increasing trend of pet adoption are the
key factors driving the growth of the global market.

The evolution of new diseases in animals and emerging economies offer
ample opportunities for the growth of animal pharmaceuticals market. To
find enhanced solutions for prevailing and new diseases, the companies
in the animal pharmaceuticals market are active in research and
development activities. Evolution of new diseases in animals drives the
research and development of new pharmaceuticals for the treatment of
these diseases. Different companies are targeting research for the
development of new drugs and to exploit market potential. However,
increasing cost and regulation in animal testing and restrictions
imposed by regulatory authorities affecting antibiotic sales are
expected to hamper the growth of the global market to some extent.

North America accounted for the largest share in the global market in
2015 and it is expected to grow at the considerable rate during the
forecast period. The factors driving the animal pharmaceuticals market
in the region are high level of urbanization, high standard of living,
and high consumption of meat and milk products. Europe was the second
largest market for animal pharmaceuticals devices in 2015. The European
market is primarily driven by increasing awareness about the diseases
associated with livestock and companion animals.

Companies Mentioned:

  • Merck & Co., Inc.
  • Vetoquinol S.A.
  • Zoetis Inc.
  • Virbac Sa
  • Boehringer Ingelheim Gmbh
  • Perrigo Company Plc
  • Eli Lilly & Company
  • Sanofi
  • Bayer Ag

Key Topics Covered:

1. Research Scope And Methodology

2. Executive Summary

3. Market Outlook

4. Animal Pharmaceuticals Market Size & Forecast (2012 – 2022)

5. Animal Pharmaceuticals Market, By Product

6. Animal Pharmaceuticals Market, By Animal Type

7. Global Animal Pharmaceuticals Market, By Geography

8. Competitive Positioning Analysis

9. Company Profiles And Strategic Developments

10. Appendix

For more information about this report visit


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Topics: Animal