Veterinary Dermatology Drugs Market size

Veterinary Dermatology Drugs Market Size, Share, Trends, Analysis and Forecast 2027

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[150+ Pages Research Report] According to the recent analysis research report; the global Veterinary Dermatology Drugs Market in 2020 was approximately USD 3.8 Billion. The market is expected to grow at a CAGR of 4.2% and is anticipated to reach around USD 8.9 Billion by 2027. Top market players are Merial, Zoetis, Inc., Ceva Sante Animale,  Vetmedica,   Vetoquinol S.A.,  Virbac S.A. ,Bayer Animal Health, Elanco, Novartis Animal Health, SAVAVET, Toray Industries, AB Science.

Growth Factors:
Veterinary dermatology, also referred as pet skin care, involves diagnosis, treatment, and prevention of skin problems in animals. Dermatological disorders or skin disorders are the most common medical conditions seen in animals. The most common sign of a dermatological problem in animals are licking, biting, repeatedly shaking the head, and excessive scratching or chewing of fur and skin. Additional symptoms of skin problems include lumps, hair loss, dandruff, a foul odor from ears or skin, and change in the texture or color of pet’s fur or skin. Itching is commonly seen in companion animals; atopic dermatitis is the common cause of itching.

 Variations in clinical presentations such as the extent of lesions, genetic factors, secondary infections, stage of the disease, and weather conditions could complicate the exact diagnosis of the disease. Atopy is genetically determined predisposition to become allergic to airborne pollens such as grass, weeds, trees, mold, and house dust. In domestic pets such as cats and dogs, atopic dermatitis is the most common cause of biting, chewing, rubbing, or ear infections as well as other chronic infections.

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Antifungals for Animals to Witness Heavy Demand

As compared to some common diseases in humans and animals such as mycoses, mycotic diseases in animals have gained much less consideration. This is unusual, as dermatophytes acting as agents of infectious diseases in animals is one of the oldest recognized disorders in animals. The dermatophytes are responsible for several zoonotic infections, and it is estimated to account for 81% of human skin diseases through animals. However, recent innovations in animal medications and treatments are efficient in the cure of such diseases. Moreover, manufacturers are focusing on research and development to avoid dermatophytes and infections related to it. These innovations are likely to attract various pet owners to the veterinary dermatology drugs market during the forecast period.

Presently, numerous antifungal drugs are used to treat skin diseases in animals. Based on the fungus and animals, the veterinarian prescribes the drug for the treatment. Although griseofulvin is the single antifungal recommended for systemic treatment by the Food and Drug Administration (FDA) for veterinary use, a variety of systemic antifungals are available for use in veterinary medicine. With rise of generic formulations, various cost-efficient drugs can be found in the current market. The appearance of immunity in fungal organisms has influenced various producers for the development of newer antifungals such as itraconazole, fluconazole, voriconazole, and posaconazole. The effective and improved treatment options are driving the global veterinary dermatology drugs market in the near future.

Veterinary Dermatology Drugs Market: Prominent Regions

In terms of region, the global veterinary dermatology drugs market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global veterinary dermatology drugs market in 2020, followed by Europe and Asia Pacific. North America is projected to be a highly attractive market from 2021 to 2027. The high revenue from the region can be attributed to the increase in government and private funding and large volume of tests performed. North America is also home to several key players such as Idexx, VCA, and Thermo Fisher, which augments the market. The veterinary dermatology drugs market in Asia Pacific is expected to be driven by availability of veterinary dermatology drugs, vaccines, and medicated feed additives for the well-being of the rapidly increasing livestock animal population in the region

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Veterinary Dermatology Drugs market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Veterinary Dermatology Drugs market include:

    • Merial, Zoetis, Inc.
    • Ceva Sante Animale
    • Vetmedica
    • IDEXX Laboratories
    • Vetoquinol S.A.
    • Virbac S.A.
    • Bayer Animal Health
    • Boehringer Ingelheim
    • Elanco
    • Novartis Animal Health
    • SAVAVET
    • Toray Industries
    • AB Science

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Veterinary Dermatology Drugs Market: Segmentation

  • Veterinary Dermatology Drugs Market, by Product Type
    • Antifungal Drugs
    • Antibacterial Drugs
    • Antiparasitic Drugs
    • Others
  • Veterinary Dermatology Drugs Market, by Mode of Administration
    • Topical
    • Oral
    • Injectable
  • Veterinary Dermatology Drugs Market, by Animal Type
    • Large Animals
      • Equine
      • Bovine
      • Others
    • Small Animals
      • Cats
      • Dogs
      • Others
  • Veterinary Dermatology Drugs Market, by Indication
    • Infectious Diseases
    • Skin Cancer
    • Autoimmune Skin Diseases
    • Parasitic Infections
    • Others

Regional Segmentation:

– North America Region (U.S., Canada, Mexico)

– Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

– Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

– South America Region (Brazil, Argentina, Columbia, Rest of South America)

– The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

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Despite unprecedented implications of the COVID-19 outbreak, the market will gain impetus amidst soaring investment towards sophistication of the healthcare sector. The market survey offers compelling insights into key factors enabling growth through the assessment period. It underscores hidden opportunities across diverse segments. Besides uncovering hidden opportunities, the report presents exclusive insights into challenges posing threat to growth. Alongside this, it offers recommendations to navigate through unforeseen hindrances in the future, while keeping the business afloat.

Scope of the Study

This Veterinary Dermatology Drugs market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Final Report will add the analysis of the impact of COVID-19 on this industry.

Important years considered for this report:

Historical Years: 2017-2019

Base Year: 2020

Forecast Period: 2021-2027

Key Points Covered in Veterinary Dermatology Drugs Market Survey

  • Demand will remain high in the U.S., backed by favourable reimbursement policies and presence of some of the leading market players.
  • Europe will continue showcasing high demand. Sales will remain high, especially in the U.K., Germany, France, and other countries.
  • China and India will exhibit high demand for Veterinary Dermatology Drugs, backed by expanding healthcare sector.
  • Focus on research and development will increase in Brazil, creating opportunities for the expansion of the Veterinary Dermatology Drugs market.
  • Hospitals are expected to showcase higher demand for Veterinary Dermatology Drugs on account of greater access to advanced technologies and higher footfall of patients.
  • Driven by the presence of some of the leading pharmaceutical producers, demand in the Japan Veterinary Dermatology Drugs market will continue increasing at a high pace.

Some of the key highlights covered in the report include:

  • Veterinary Dermatology Drugs Market Demand-Supply Analysis -The report covers detailed insights into demand and supply forces prevailing in the global Veterinary Dermatology Drugs market. It examines trends and factors influencing demand for Veterinary Dermatology Drugs globally and gauges the impact of the same on the production.
  • Veterinary Dermatology Drugs Pricing Analysis – The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.
  • Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.
  • Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for Veterinary Dermatology Drugs across the world.
  • Competitive Analysis – Some of the leading market players are profiled in the report on Veterinary Dermatology Drugs. The report offers estimation of share individually helps by the market players and determines the impact of some of their popular strategies.
  • COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.
  • Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global Veterinary Dermatology Drugs market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Veterinary Dermatology Drugs are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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