The Global Veterinary Auto-Immune Therapeutics Industry is experiencing a surge, driven by the growing awareness and diagnosis of autoimmune diseases in pets. According to a recent analysis by Future Market Insights (FMI), a leading market research firm, the market is projected to reach a staggering US$71.72 billion by 2033. This remarkable growth represents a significant leap from the US$42.82 billion valuation recorded in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 5.3% anticipated between 2023 and 2033.
FMI adopted a multidisciplinary strategy to guide the expansion and advancement of the global veterinary auto-immune therapeutics industry in the face of the difficulties presented by the pandemic. The thorough analysis offers significant insights into the market’s major revenue changes and current growth patterns as of 2020, providing important takeaways that will remain relevant for the duration of the forecast period.
The rise in the use of veterinary auto-immune medicines underscores a global trend towards innovative methods for treating animal auto-immune illnesses. This includes the development of novel medications, as well as the integration of diverse therapies such as surgeries and stem cell treatments.
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Impact of COVID-19 on the Healthcare Industry
The COVID-19 pandemic has caused severe impacts on the global economy at various levels which can be seen in the Healthcare industry as well. The thriving market of healthcare research and development is expected to exhibit a steep decline in sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials, and absence of potential manpower. It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.
The team of analysts at Future Business Insights is focussing on research and market study to produce different Animal Auto-immune Disease Therapeutics Market forecasts and predictions at both national and international levels. They have considered several leads of information about the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Animal Auto-immune Disease Therapeutics Market.
Global Veterinary Auto-Immune Therapeutics Industry Key Players
Some of the key players in the global Animal Auto-immune Disease Therapeutics Market are Aratana Therapeutics Inc., Pfizer Inc., Vet-Stem, Inc., Ambrx Inc., Taconic Biosciences, Inc., JBS United, Virbac, Eli Lilly and Company, Jaguar Animal Health Inc. and many more.
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Key Segments Profiled In The Global Veterinary Auto-Immune Therapeutics Industry Survey
By Therapy Type:
- Corticosteroids, Azathioprine
- Cyclosporine
- Mycophenolate
- Leflunomide
- Cyclophosphamide
- Levothyroxine
- Folic Acid
- Hydroxychloroquine
- Chloroquine
By Disease Indication:
- Hypothyroidism
- Pemphigus Disease
- Canine Lupus
- Auto-Immune Hemolytic Anemia
- Bullous Pemphigoid
- Discoid Lupus Erythematosus (DLE)
- Immune-related arthritis
- Others
By Animal Type:
- Companion Animal
- Dogs
- Cats
- Horse
- Live Stock Animal
- Cattle
- Swine
- Poultry
- Fish
- Sheep
By Distribution Channel:
- Veterinary Hospitals
- Veterinary Clinics
By Region:
- North America
- Latin America
- The Asia Pacific
- Middle East and Africa
- Europe
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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