The global large animals drugs market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The major factor expected to drive the market is rising expenditure on veterinary care, and growing prevalence of disease in large animals is anticipated to drive the market growth in the forecast period. Furthermore, the availability of advanced veterinary services, and rising awareness regarding animal health will further drive the market. Moreover, the increasing use of veterinary services promoted the growth of the market. The increasing prevalence of brucellosis, bacterial parasites, and food-borne diseases across the globe indicates the further growth of the market during the forecast period.
Some major players in the market include Zoetis Inc., Boehringer Ingelheim International GmbH, Elanco Animal Health Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in October 2021, Boehringer Ingelheim announced an additional $111 million investment in its veterinary public health capabilities in Lyon-Jonage, France, to aid governments and public health organizations in managing future emerging and transboundary diseases. In addition, the investment follows an initial $222 million investment in a new veterinary public health (VPH) strategic production center in Lyon, bringing the total investment in the production site to $333 million.
Additionally, in January 2021, IDEXX Laboratories Inc. and Tuskegee University College of Veterinary Medicine (TUCVM) announced a landmark initiative that it intends to support by a contribution of $3.6 million over six years from the IDEXX Foundation, a donor-advised fund administered by a national donor-advised fund program. Further this intended support represents the IDEXX Foundation’s inaugural investment as part of a larger effort to advance diversity, equity, and inclusion in veterinary medicine.
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Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Application
By End-User
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Top major key players:
Zoetis Inc., Boehringer Ingelheim International GmbH, Elanco Animal Health Inc., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
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Global Large Animals Drugs Market Report by Segment
By Application
Elephant
Blue Whale
Giraffe
Bear
Others
By End Users
Veterinary Hospitals
Veterinary Clinics
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