NEW YORK, July 14, 2017 (GLOBE NEWSWIRE) -- According to market research “Global Animal Pharmaceuticals Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Product (Ectoparasiticides, Endoparasiticides, Anti-Inflammatories, Bronchodilators, and Others), by Animal Type (Companion Animals and Production Animals)” by P&S Market Research, 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.
Browse Detailed Information on Animal Pharmaceuticals Market : https://www.psmarketresearch.com/market-analy...als-market
The growth of the global market is largely driven by increasing consumption of meat and milk, and increasing zoonotic and food borne diseases. Due to growing health concern of related animals and their increasing number, the healthcare expenses in farms are surging globally. Animal farms are increasing globally, due to growing demand for protein rich foods, such as milk, eggs and meat. Increasing trend of pet adoption is another key factor driving the growth of the global market. The declining research and development productivity and growth of generic and OTC drugs for animal care are the key trends witnessed in the global market. The declining research and development productivity is leading to the maturity of animal pharmaceutical product portfolio. The fewer new chemical entity approvals are limiting the opportunities for key manufacturers to expand their portfolio in the animal pharmaceuticals market. The low productivity of research and development increases the competition among the key manufacturers.
North America accounted for the largest share in the global market in 2015, owing to the large consumption of meat and milk products. The high level of urbanization leading to high standard of living is the key reason for large consumption of meat and milk products in North America. The U.S. contributed largest revenue to the North American as well as global animal pharmaceuticals market.
Request for Report Sample at: https://www.psmarketresearch.com/market-analy...ort-sample
Based on animal type, the largest revenue was generated from the sales of animal pharmaceuticals for companion animals in 2015. However, the animal pharmaceuticals market for production animals will witness faster growth during the forecast period. Increasing awareness regarding livestock related diseases is the key reason behind the higher growth of the animal pharmaceuticals market for production animals.
Some of the key players operating in the global market include Merck & Co. Inc., Vetoquinol S.A., Zoetis Inc., Virbac SA, Boehringer Ingelheim GmbH, Perrigo Company plc, Eli Lilly and Company, Sanofi and Bayer AG.
Browse Other Research Reports
Animal Healthcare Market
The global animal healthcare market is driven by the increasing trend of pet adoption and growing global consumption of meat and milk. The adoption of western culture and changing lifestyle in the developing countries, such as India and China, has increased the adoption of pet animals, which supports the growth of the animal healthcare market. Pet ownership is considered as status symbol in the developing countries. Cats and dogs are adopted by people for psychological and therapeutic benefits. The evolution of new animal diseases offers untapped opportunities for the animal healthcare market.
https://www.psmarketresearch.com/market-analy...are-market
Enteral Nutrition Market
The global enteral nutrition market was valued at $12,300.0 million in 2015, and it is expected to grow at a CAGR of 5.8% during 2016 - 2022. The factors driving the growth of the global market include increasing geriatric population, lower cost of enteral nutrition products, surge in the number of victims of malnutrition receiving treatment, high number of premature birth, and increasing incidence of cancer and central nervous system diseases.
https://www.psmarketresearch.com/market-analy...ion-market
Sports Nutrition Market
The global sports nutrition market (size of $27,821.8 million in 2015) is expected to grow at 8.4% CAGR during the forecast period. The global sports nutrition market has been witnessing exceptional shift, in the recent years. The market is steadily turning from traditional products into specific products for mainstream customers. Available as powders, tablets, bars, ready-to-drink (RTD) beverages and gels, the sports nutrition products are aimed at enhancing physical endurance, boosting muscle growth and body mass, or increase recovery after exercise. Traditionally, proteins have been the most popular ingredients in sports nutrition products, but other non-protein ingredients, such as amino acids, creatine, Beta-creatine and alanine are also gaining acceptance now-a-days. The less negative impact of herbal sports supplement products are augmenting their market growth.
https://www.psmarketresearch.com/market-analy...ion-market
About P&S Market Research
P&S Market Research is a market research company that offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact: Kundan Kumar Manager – Client Partner 347, 5th Ave. #1402 New York City, NY - 10016 Toll-free: +1-888-778-7886 (USA/Canada) Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com Connect with us: LinkedIn | Twitter | Google + | Facebook
