The veterinary hospitals and clinics segment held the largest market share of 72.3% in 2019. In addition, the report lists down the restraints that are posing threat to the global Veterinary Medicine market. Nothing like a great veterinary conference in the best city in the world to get my mind off my pre-holiday anxiety. North America dominated the market for veterinary medicine and accounted for over 38.5% share of global revenue in 2019. But more and more, practices are being sold to large consolidation firms. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Avail customized purchase options to meet your exact research needs. Lung Disease, The veterinary clostridium vaccine market is poised to grow by USD 158.58 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period. This material may not be published, broadcast, rewritten or redistributed. Other modes of administration include suspension, topical, and carrier. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. Top Key Players Profiled in this report are: Boehringer Ingelheim, Zoetis, Elanco Animal Health, Bayer Animal Health, Merck Animal Health, Virbac, Dechra Veterinary Products, Ceva, Vetoquinol, Meiji, Ouro Fino Saude, Animalcare Group, Parnell. Free report customization (equivalent up to 8 analysts’ working days) with purchase. Telemedicine can be performed in three ways: Telemedicine is particularly suited to handling chronic cases, like caring for the arthritic dog, monitoring wound healing, providing hospice care, and managing the resistant cat. (Check out this interactive map that explains the rules about CBD in pets for every state.). Strategic developments by companies are expected to contribute to the growth of the market for veterinary medicine. Register for a free trial today and gain instant access to 17,000+ market research reports. This growth is because these laboratories enable testing of various infections, toxic agents, and chronic diseases in the specimen which are obtained from animals. Global Veterinary Medicine Market Regions and Countries Level AnalysisRegional analysis is a highly comprehensive part of this report. The Agriculture Improvement Act (better known as the Farm Bill) removed hemp and all low-THC products from the Controlled Substances Act. View the full release here: https://www.businesswire.com/news/home/20201124005626/en/, Technavio has announced its latest market research report titled Global Veterinary Clostridium Vaccine Market 2020-2024 (Graphic: Business Wire). “As the report makes clear, organized veterinary medicine can take steps to identify currents and trends and use those insights to determine how we can most effectively lead the profession into the future.”, “Because we prepare new generations of veterinarians, academic veterinary medicine has a special responsibility when it comes to planning,” said Dr. Michael Lairmore, AAVMC president, in the announcement. The reference laboratories segment is expected to exhibit the fastest growth over the forecast period. What are the factors driving the veterinary medicine market? The companion animal segment is expected to demonstrate the fastest growth over the forecast period owing to the increasing prevalence of chronic diseases. About DataIntelo:DATAINTELO has set its benchmark in the market research industry by providing syndicated and customized research report to the clients. Dr. Lacroix said that corporate consolidation is beneficial to the veterinary industry because it funds costly platforms for improved medical care. The Futures Commission has made a remarkable contribution in helping us do that, and we are grateful for their work.”. What are the Risks and Challenges in front of the market? Please fill out the form below for a free PDF report sample & Business, The A2Z Market Research library provides syndication reports from market researchers around the world. Comfort, convenience and consolidation…. The challenges of telemedicine include licensing issues, data protection and increased liability. NEWStat; Legislation & regulation; Advancements & research; Veterinary trends; October 29, 2020. There are some 70 veterinary corporate consolidators in the U.S., but only about 10 big players. Pet insurance is big business now. Dr. Lacroix said the jury is out on how the industry will be transformed by growing corporate structure, which is projected to account for 10% to 20% of the veterinary market. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. A2Z Market Research is not only interested in industry reports dealing with telecommunications, healthcare, pharmaceuticals, financial services, energy, technology, real estate, logistics, F & B, media, etc. Moreover, the increasing adoption of pet health insurance in the U.S. is also expected to contribute to the growth of the market for veterinary medicines. In Asia Pacific, the market is expected to show lucrative growth over the forecast period. Latin America Market Analysis and Forecast10. This has brought along several changes in market conditions. The market is driven by dependency on livestock products. This press release features multimedia. This helped the company expand its product portfolio. The oral segment is projected to witness the fastest CAGR owing to the advancements in the oral veterinary medicines segment, such as chewable tablets. At the 2020 Veterinary Meeting & Expo (VMX) in Orlando, Fla., last week, Dr. Lacroix cut through the regulations and red tape involved in these metamorphoses. Contact Info:Name: Alex MathewsAddress: 500 East E Street, Ontario,CA 91764, US.Phone No: US: +1 909 545 6473Email: [email protected]Website: https://dataintelo, Veterinary Molecular Diagnostics Market ? What does all this mean for the animal health industry? Design an exclusive study to serve your research needs. Factors such as higher adoption of companion animals and increasing health concerns in animals have promoted the market in the region. Dogs took about 40% share of the segment due to the rising demand for advanced treatment alternatives for canines suffering from chronic diseases. Competition Landscape. Here is an Exclusive report talking about Market scenarios, Estimates, the impact of lockdown, and Customer Behaviour. A new research study has been presented by dataintelo offering a comprehensive analysis on the Global Veterinary Medicine Market where user can benefit from the complete market research report with all the required useful information about this market. AVMA, AAVMC form Veterinary Futures Commission, © 2020 American Veterinary Medical Association All rights reserved, Donate to American Veterinary Medical Foundation (AVMF), AVMA Congressional Advocacy Network (CAN), Tools to help you transition to your new veterinary career, Answers to the questions you're facing as you start out in your professional life, Early-career resources to continue your professional and personal growth, AVMA Center for Veterinary Education Accreditation, Professional policy guidance, open for member input, Creating socially conscious work environments, Self-care and workplace wellbeing for the whole veterinary team, Profitability and finance, marketing, leadership, and team building, Loans, budgets, financial planning, and more, Interprofessional collaboration across animal, human, and environmental health, Disease and pain management, behavior, disaster preparedness, humane endings, and more, Journal of the American Veterinary Medical Association (JAVMA), American Journal of Veterinary Research (AJVR). Veterinary Medicine. “The question is not, ‘How many practices are they going to consolidate?’ but rather, ‘How much revenue are they going to hold onto?’”, 33 states have legalized it for medicinal use and 11 states for recreational use, Americans spend over $70 billion a year on their pets. All rights reserved. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Furthermore, in October 2019, Ceva signed an agreement with ProBioGen Ag for manufacturing vectorized poultry vaccines using ProBioGen’s proprietary AGE1.CR technology. The medicinal feed additives segment is also expected to witness a significant growth rate owing to their increasing usage in maintaining animal health.