Global Animal Sedatives Market to reach USD XX Billion by 2027.Global Animal Sedatives Market is valued at approximately USD XX Billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Animal sedatives are referred to as veterinary drugs used to sedate, calm or incapacitate an animal before proceeding for medical procedures including surgery, treatments, or administration of any drug. Animal sedatives play crucial role in the prevention of diseases, pain management in animals, curing of the afflicted animal and treatment of injuries. These products also help in the prevention of transmission of zoonotic diseases and in the diagnosis of animal cancer. Increasing incidences of animal cancer are expected to fuel Animal Sedatives market. For instance, It is estimated by the Animal Cancer Foundation that about 6 million dogs are diagnosed with cancer every year in the United States, which boosts animal sedative market in United States. Moreover, increasing investments in research activities by key players for the development of effective animal sedatives is likely to give rise in animal sedatives market. Moreover, several key players are taking strategic initiatives to expand their presence in the market for instance,
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However, side effects associated with animal sedatives may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global Animal Sedatives Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America currently leads the Animal Sedatives market by holding
A significant share of global animal sedatives market, followed by Europe. An increase in the prevalence of zoonotic diseases, adoption of animal sedatives and rising investment in medical research of animals are three main causes of the growth of animal sedatives market in North America and Europe. Medical researches on animals are conducted to study pharmacodynamics and pharmacokinetics of drugs.
Major market player included in this report are:
Bayer AG
Zoetis
Boehringer Ingelheim International GmbH
Intervet Inc.
Elanco
Merck Animal Health
Merial
Novartis Animal Health
Virbac Group
Orion
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Drug Class :
Phenothiazines
Benzodiazepines
a2-adrenergic receptor agonists
By Route of Administration :
Oral
Parenteral
By Application :
Surgical
Diagnosis
clinical research studies
others
By Distribution Channel:
veterinary hospital & clinic pharmacies
veterinary retail pharmacies
veterinary online pharmacies
others
By Animal Type:
Large
Small
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018-19
Base year - 2019-2020
Forecast period - 2021 to 2027.
Target Audience of the Global Animal Sedatives Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors