Press release
Veterinary Intravenous Solutions Market: Industry Size, Share, Growth, Forecasts 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Veterinary Intravenous Solutions" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Intravenous administration of nutrients, drugs, and other fluid components is an important part of veterinary health care. Surge in demand for medicines, vaccines, and related products and services for companion as well as livestock animals and advances in animal health care are anticipated to increase expenditure on veterinary health products including intravenous solutions. Outbreak of new deadly animal diseases is reported periodically. These diseases are a threat for the existence of livestock. The prevention and treatment of such diseases is one of the key market indicators for veterinary therapeutics. Rise in pet ownership, longer life expectancy for companion animals, and increased number of medical treatment options are expected to drive the global veterinary intravenous solutions market during the forecast period. According to the Canadian Institute for Health Information, health care expenditure in the U.S. has increased from US$ 23 Bn in 1988 to an estimated US$ 51 Bn in 2011. Around 25% of this expenditure was on veterinary care, including vaccines and medicines, while a further 20% on OTC products and supplies, with the remainder on accessories and food. This trend is being reflected in other countries, and is projected to drive the global veterinary intravenous solutions market during the forecast period.
Moreover, factors influencing the growing importance of livestock medicines and vaccines such as soaring demand for improved nutrition, particularly animal protein, natural resource limitations, and focus on food safety are anticipated to boost demand for high quality nutrient and intravenous fluid solutions. Increased longevity of pet animals due to improvement in diagnostics, greater emphasis on animal wellness and health prevention by veterinarians, and enhanced nutrition have expanded the use of veterinary medications and intravenous solutions. Companion animal ownership has grown and owners are willing to spend extra on animal health. According to the North American Pet Health Insurance Association, the number of pets insured stood at 1.4 million in 2014. Growing animal health awareness and animal welfare boosts the growth of the veterinary intravenous solutions market.
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In terms of product type, the global veterinary intravenous solutions market can be segmented into isotonic crystalloids, synthetic colloids, blood products, dextrose solutions, total parenteral nutrition, and partial parenteral nutrition. Intravenous solutions can be used for dehydration correction, constant intravenous drug administration, blood volume maintenance, and supply nutrients to the body when feeding through mouth is not possible such as in pancreatitis. Geographically, the global veterinary intravenous solutions market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to hold major share of the global veterinary intravenous solutions market due to presence of better animal health care facilities, rise in fashion of pet ownership, robust regional economics, and more emphasis on disease prevention and wellness by veterinarians and owners. The veterinary intravenous solutions market in Europe is expected to witness rapid growth, attributed to high awareness about animal welfare in the region and increase in expenditure on veterinary amenities. A report by the European Pet Food Industry Federation indicated that over 75 million households in Europe own a pet. Countries such as China, Japan, and India in Asia Pacific are poised to be the most promising markets for veterinary intravenous solutions in the near future. Major factors for the positive outlook are large livestock population, expansion of health care infrastructure, and increase in emphasis on research and development in the animal health care sector.
Key players in the global veterinary intravenous solutions market are LMI-Vet LLC, Aspen Vet, Pfizer, Inc., Dechra Veterinary Products, Sypharma, Merck & Co., Inc. (MSD Veterinary Manual), Animalcare, and Zoetis, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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