Elevating Animal Health: Animal Antibiotics and Antimicrobials Market to Shape the Landscape | Zoetis, Inc., Merck & Co., Inc., Eli Lilly and Company

PRESS RELEASE
Published August 18, 2023

The Animal Antibiotics and Antimicrobials Market is set to make significant strides in the realm of animal health and welfare. With a trajectory marked by substantial growth, this market is positioned as a pivotal force in addressing veterinary challenges and promoting responsible antibiotic usage.

The global animal antibiotics and antimicrobials market is set to experience remarkable expansion, with revenue estimated to soar from US$ 5.9 Billion in 2023 to a projected US$ 7.8 Billion by 2030. This impressive growth reflects a compound annual growth rate (CAGR) of 5.8% over the period from 2023 to 2030, underscoring the sector’s robust potential.

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Driving Animal Well-being:

The Animal Antibiotics and Antimicrobials Market takes center stage in advancing animal welfare by offering vital solutions to manage and combat infections. As the world emphasizes sustainable agriculture and veterinary care, these solutions play a vital role in ensuring healthy livestock and companion animals.

Key Market Highlights:

Key Takeaways:

  1. Combatting Antibiotic Resistance: The market is driven by the imperative to tackle antibiotic resistance through prudent antibiotic usage, promoting a balanced approach that preserves the efficacy of antibiotics.
  2. Animal Health Maintenance: Animal antibiotics and antimicrobials aid in preventing and treating infections, elevating the overall health of animals and reducing disease prevalence.
  3. Public Health Linkage: Responsible usage of antibiotics in animals aligns with public health, as it mitigates the potential for zoonotic diseases and the transfer of antibiotic-resistant bacteria to humans.

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Competitive Landscape:

The market boasts a dynamic competitive landscape marked by a diverse array of manufacturers and suppliers. Leading industry players are focused on research and development efforts to innovate antibiotic formulations, improve delivery mechanisms, and adhere to regulatory standards.

Market segment by players, this report covers

  • Zoetis, Inc.
  • Merck & Co., Inc.
  • Eli Lilly and Company
  • Bayer AG
  • Virbac
  • Boehringer Ingelheim GmbH
  • Sanofi
  • Ceva Sante Animale
  • Vetoquinol S.A.
  • Dechra Pharmaceuticals PLC

Market segment by Type, covers

  • Etracyclines
  • Penicillins
  • Macrolides
  • Aminoglycosides
  • Sulfonamides
  • Fluoroquinolones
  • Lincosamides
  • Cephalosporins
  • Others

Market segment by Application, can be divided into

  • Food-producing Animals
  • Companion Animals

The evolution of the Animal Antibiotics and Antimicrobials Market carries profound potential to bolster animal health, advance responsible practices, and elevate global veterinary care.

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