Market By Animal Type, Distribution Channel, Route Of Administration, Product, And Country | Forecast 2019-2028
Triton’s report infers that the Latin American veterinary medicines market is probable to develop at a CAGR of 4.88% during the expected years of 2019-2028.
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The countries analyzed in this market include:
•       Brazil
•       Mexico
•       Rest of Latin America
In the region, the veterinary medicines market is likely to witness growth in the upcoming years, owing to the surging pet ownership in the region’s major countries. Moreover, the rise in disposable income among consumers has also increased animal healthcare spending, further boosting the demand for veterinary medicines. For instance, the Brazilian economy is projected to improve in the next few years due to multiple factors, including declining inflation and a surge in consumer purchasing power. This is further anticipated to augment the demand for livestock products, along with the growth in the adoption of companion animals, thereby propelling the veterinary medicines market on a growth path across the region.
In Mexico, companion animals such as cats and dogs do not receive primary veterinary care, including parasite control. This is because of the dearth of financial resources, along with the impoverished setting in which they live. Furthermore, Compassion Without Borders is an animal welfare association that helps animals receive timely vaccinations, contributing significantly to the welfare of animal health. Along with this, several other organizations are making efforts to eliminate conditions such as rabies in the country. This further enhances the demand for veterinary medicines, in turn, propelling the veterinary medicines market on a positive growth trajectory in Mexico.
Neogen Corporation is an international food and safety company, providing test kits and relevant products to discover harmful substances in food. It operates a wide range of product lines, including over 100 drug detection test kits globally to detect 300 abused and therapeutic drugs in animal treatment procedures. The company has its functions spread across various regions, including Latin America.
1.   LATIN AMERICA VETERINARY MEDICINES MARKET - SUMMARY
2.   INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. PORTER’S FIVE FORCES MODEL
2.2.1.  THREAT OF NEW ENTRANTS
2.2.2.  THREAT OF SUBSTITUTE PRODUCTS
2.2.3.  BARGAINING POWER OF BUYERS
2.2.4.  BARGAINING POWER OF SUPPLIERS
2.2.5.  THREAT OF COMPETITIVE RIVALRY
2.3. INDUSTRY COMPONENTS
2.4. LEGAL POLICY AND REGULATORY FRAMEWORK
2.5. IMPACT OF COVID-19 ON VETERINARY MEDICINES MARKET
2.6. MARKET ATTRACTIVENESS INDEX
2.7. KEY INSIGHT
2.8. MARKET DRIVERS
2.8.1.  RISE IN LIVESTOCK PRODUCTION
2.8.2.  SURGE IN VARIOUS MEDICAL CONDITIONS IN ANIMALS
2.8.3.  INCREASING OWNERSHIP OF PETS
2.9. MARKET RESTRAINTS
2.9.1.  ADVERSE EFFECTS OF POST-VACCINATION
2.9.2.  LACK OF ADEQUATE NUMBER OF VETERINARIANS
2.10.  MARKET OPPORTUNITIES
2.10.1.  GROWING ANIMAL HEALTHCARE EXPENDITURE
2.10.2.  INCREASING DEMAND FOR VETERINARY SPECIALIZATION
2.11.  MARKET CHALLENGES
2.11.1. STRINGENT REGULATIONS
2.11.2. HIGH COST OF ANIMAL VACCINES
3.   LATIN AMERICA VETERINARY MEDICINES MARKET OUTLOOK - BY ANIMAL TYPE
3.1. COMPANION ANIMALS
3.2. LIVESTOCK ANIMALS
4.   LATIN AMERICA VETERINARY MEDICINES MARKET OUTLOOK - BY DISTRIBUTION CHANNEL
4.1. RETAIL VETERINARY PHARMACIES
4.2. VETERINARY HOSPITAL PHARMACIES
5.   LATIN AMERICA VETERINARY MEDICINES MARKET OUTLOOK - BY ROUTE OF ADMINISTRATION
5.1. PARENTERAL ROUTE
5.2. ORAL ROUTE
5.3. TOPICAL ROUTE
6.   LATIN AMERICA VETERINARY MEDICINES MARKET OUTLOOK - BY PRODUCT
6.1. DRUGS
6.1.1.  ANTI-INFECTIVE
6.1.2.  ANTI-INFLAMMATORY
6.1.3.  PARASITICIDE
6.2. VACCINES
6.2.1.  INACTIVATED VACCINES
6.2.2.  ATTENUATED VACCINES
6.2.3.  RECOMBINANT VACCINES
6.3. MEDICATED FEED ADDITIVES
6.3.1.  ANTIBIOTICS
6.3.2.  AMINO ACIDS
7.   GEOGRAPHICAL ANALYSIS - LATIN AMERICA
7.1. COUNTRY ANALYSIS
7.1.1.  BRAZIL
7.1.2.  MEXICO
7.1.3.  REST OF LATIN AMERICA
8.   COMPANY PROFILES
8.1. EVONIK INDUSTRIES AG (RAG STIFTUNG)
8.2. INDIAN IMMUNOLOGICALS LIMITED
8.3. BOEHRINGER INGELHEIM ANIMAL HEALTH GMBH
8.4. MERCK & CO
8.5. ZOETIS
8.6. BIOGENESIS BAGO SA
8.7. VETOQUINOL (SOPARFIN SCA)
8.8. ARCHER DANIELS MIDLAND
8.9. CEVA SANTE ANIMALE
8.10. VIRBAC SA
8.11. DECHRA PHARMACEUTICALS PLC
8.12. NEOGEN CORPORATION
8.13. ELANCO
8.14. HESTER BIOSCIENCES LIMITED
8.15. KINDRED BIOSCIENCES
9.   RESEARCH METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.1.1.  OBJECTIVES OF STUDY
9.1.2.  SCOPE OF STUDY
9.2. SOURCES OF DATA
9.2.1.  PRIMARY DATA SOURCES
9.2.2.  SECONDARY DATA SOURCES
9.3. RESEARCH METHODOLOGY
9.3.1.  EVALUATION OF PROPOSED MARKET
9.3.2.  IDENTIFICATION OF DATA SOURCES
9.3.3.  ASSESSMENT OF MARKET DETERMINANTS
9.3.4.  DATA COLLECTION
9.3.5.  DATA VALIDATION & ANALYSIS
TABLE 1: LATIN AMERICA VETERINARY MEDICINES MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2: LATIN AMERICA VETERINARY MEDICINES, BY ANIMAL TYPE, 2019-2028 (IN $ MILLION)
TABLE 3: LATIN AMERICA VETERINARY MEDICINES, BY DISTRIBUTION CHANNEL, 2019-2028 (IN $ MILLION)
TABLE 4: LATIN AMERICA VETERINARY MEDICINES, BY ROUTE OF ADMINISTRATION, 2019-2028 (IN $ MILLION)
TABLE 5: LATIN AMERICA VETERINARY MEDICINES, BY PRODUCT, 2019-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA DRUGS MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 7: LATIN AMERICA VACCINES MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA MEDICATED FEED ADDITIVES MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA VETERINARY MEDICINES MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)Â Â Â Â Â Â
FIGURE 1: LATIN AMERICA VETERINARY MEDICINES MARKET 2019-2028 (IN $ MILLION)
FIGURE 2: LATIN AMERICA VETERINARY MEDICINES MARKET, BY COMPANION ANIMALS, 2019-2028 (IN $ MILLION)
FIGURE 3: LATIN AMERICA VETERINARY MEDICINES MARKET, BY LIVESTOCK ANIMALS, 2019-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA VETERINARY MEDICINES MARKET, BY RETAIL VETERINARY PHARMACIES, 2019-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA VETERINARY MEDICINES MARKET, BY VETERINARY HOSPITAL PHARMACIES, 2019-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA VETERINARY MEDICINES MARKET, BY PARENTERAL ROUTE, 2019-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA VETERINARY MEDICINES MARKET, BY ORAL ROUTE, 2019-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA VETERINARY MEDICINES MARKET, BY TOPICAL ROUTE, 2019-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA VETERINARY MEDICINES MARKET, BY DRUGS, 2019-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA DRUGS MARKET, BY ANTI-INFECTIVE, 2019-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA DRUGS MARKET, BY ANTI-INFLAMMATORY, 2019-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA DRUGS MARKET, BY PARASITICIDE, 2019-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA VETERINARY MEDICINES MARKET, BY VACCINES, 2019-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA VACCINES MARKET, BY INACTIVATED VACCINES, 2019-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA VACCINES MARKET, BY ATTENUATED VACCINES, 2019-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA VACCINES MARKET, BY RECOMBINANT VACCINES, 2019-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA VETERINARY MEDICINES MARKET, BY MEDICATED FEED ADDITIVES, 2019-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA MEDICATED FEED ADDITIVES MARKET, BY ANTIBIOTICS, 2019-2028 (IN $ MILLION)
FIGURE 19: LATIN AMERICA MEDICATED FEED ADDITIVES MARKET, BY AMINO ACIDS, 2019-2028 (IN $ MILLION)
FIGURE 20: BRAZIL VETERINARY MEDICINES MARKET 2019-2028 (IN $ MILLION)
FIGURE 21: MEXICO VETERINARY MEDICINES MARKET 2019-2028 (IN $ MILLION)
FIGURE 22: REST OF LATIN AMERICA VETERINARY MEDICINES MARKET 2019-2028 (IN $ MILLION)