The Business Research Company published its Animal Medicine Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Animal Medicine market. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
The report covers the animal medicine market’s segments-
1) By Type: Veterinary Pharmaceuticals, Feed Additives
2) By Type of Animal: Livestock, Companion Animals
3) By End-Use: Veterinary Hospitals, Pharmacies And Drug Stores, Veterinary Clinics.
Subsegments covered: Veterinary Vaccines, Veterinary Antibiotics, Veterinary Parasiticides, Others - Veterinary Pharmaceuticals, Medical Feed Additives, Nutritional Feed Additives.
View Complete Report: https://www.thebusinessresearchcompany.com/report/animal-medicine-global-market-report-2020-30-covid-19-impact-and-recovery
Animal Medicine Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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 $50.3 billion in 2023.
Veterinary pharmaceutical producers have started using Stem Cell Therapy as an animal medicine treatment due to its excellent capabilities of healing arthritis or animal injury. Stem cell therapy is a process of injecting stem cells into the body of the animal to replace the damaged cells of the body. The injected stem cell is unspecialized and acquires the property of the cell that has to be replaced. It also divides itself into as many cells as required by the body. It enables treatment of bone and ligament injury, kidney and liver disease and some kinds of skin diseases.
Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Animal Medicine Market Characteristics
4. Animal Medicine Market Product Analysis
5. Animal Medicine Market Supply Chain
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21. Key Mergers And Acquisitions In The Animal Medicine Market
22. Market Background: Veterinary Healthcare Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
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Few Points From List Of Table
Table 1: Historic Market Growth, Value ($ Billion)
Table 2: Forecast Market Growth, Value ($ Billion)
Table 3: Global Animal Medicine Market, 2019, By Region, Value ($ Billion)
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Table 130: Global Animal Medicine Market In 2023- Growth Countries
Table 131: Global Animal Medicine Market In 2023- Growth Segments
Table 132: Global Animal Medicine Market In 2023- Growth Strategies
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