Farm Animal External Medicine Market size was valued at USD estimated value not availablein 2024 and is forecasted to grow at a CAGR of estimated value not available% from 2026 to 2033, reaching USD estimated value not available by 2033.
The global Farm Animal External Medicine Market was valued at USD 3.87 billion in 2022 and is expected to register a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2023 to 2030. This growth is attributed to the increasing demand for external medicines in the treatment and prevention of diseases in farm animals such as cattle, poultry, and swine. The market's growth is primarily driven by rising awareness of animal health, advancements in external medicine formulations, and the increasing need to manage diseases like parasitic infections, skin diseases, and wounds in livestock. Moreover, the demand for high-quality animal protein is encouraging the adoption of farm animal health products, further boosting the market's potential for expansion.
Regionally, North America held the largest market share in 2022, accounting for approximately 38% of the global market. This dominance is attributed to the well-established veterinary healthcare infrastructure, high animal farming standards, and increasing adoption of animal health products in the U.S. and Canada. Europe follows with a significant share, driven by strong regulations for animal welfare and health management practices. The Asia Pacific region is expected to exhibit the highest CAGR of 7.2% during the forecast period, supported by rapid growth in livestock farming, increasing meat consumption, and rising awareness of farm animal diseases. The Latin American and Middle East & Africa regions are also projected to witness steady growth in the coming years, offering considerable opportunities for market players.
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Boehringer Ingelheim
Zoetis
Merck
Elanco
Bayer
Virbac
Ceva Sante Animale
Vetoquinol
Bimeda Animal Health
Chanelle
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Farm Animal External Medicine Market
Cattle
Sheep
Goats
Swine
Poultry
Vaccines
Parasiticides
Antibiotics
Anti-inflammatory drugs
Analgesics
Oral
Topical
Injectable
Inhalation
Infectious Diseases
Non-Infectious Diseases
Parasite Control
Wound Management
Veterinary Hospitals
Retail Pharmacies
Online Platforms
Veterinary Clinics
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Farm Animal External Medicine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Farm Animal External Medicine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Farm Animal External Medicine Market, By Type
6. Global Farm Animal External Medicine Market, By Application
7. Global Farm Animal External Medicine Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Farm Animal External Medicine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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