Global Market for Human Drugs for Veterinary Use to Grow Significantly with Increasing Number of Innovative Drugs in Pipeline


Published Date : Aug 22, 2016

ALBANY, NY, Aug 22, 2016: MarketResearchReports.biz has announced the addition of a new market intelligence report to its vast repository of research studies. The 60-page research report, titled “Human Drugs for Veterinary Use - Current Trends and Future Commercial Prospects for Crossover Drugs,” presents a detailed reports of the market, emphasizing on the prime growth prospects and opportunities in the near future. The key growth drivers, current trends, challenges, and key geographical segments of the market have also been included in the scope of the research report. 

Furthermore, the research study throws light on the potential opportunities for the key players engaged in the global market for human drugs for veterinary use. The research study analyzes and determines the crossover drugs market, emphasizing on the differences between animal and human healthcare. The research study further identifies and assesses the prime differences between the animal and human healthcare markets.

Blockbuster drugs in human healthcare generate comparatively more than the drugs used in animal health market. As a result, several manufacturers engaged in formulating veterinary drugs are estimated to look for innovative products that already hold a license for human use. However, prescription of human drugs for veterinary use has some legal, safety, and health drawbacks, which are estimated to curtail the growth of the overall market in the next few years.

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The research study presents insights into the extra-label drug use and highlights the growing applications in the veterinary sector. In addition, regulations and guidelines to be followed by professionals in the global animal health industry have been discussed in the scope of the research study. Furthermore, the competing treatments, disease overviews, cost of therapy, manufacturer information, dosage forms, and other insightful marketing data have been mentioned in the study. Some of the key marketed products that are used widely for chemotherapy in cats and dogs are Hydroxyzine, Bethanechol, Acetaminophen, Methimazole, Amlodipine, Phenobarbital, Levothyroxine, Humulin N, Sildenafil, and Pentoxifylline.

The research report further analyzes the prominent players operating in the global market for human drugs for veterinary use and throws light on the competitive landscape of the market. The key strategies adopted by the key players in order to sustain in the market are included in the research study in order to provide a clear picture of the market. Some of the leading players listed in the research study are Merck/MSD Animal Health, Boehringer Ingelheim Vetmedica, Zoetis, Elanco (Eli Lilly), and Merial (Sanofi).

The company overview, financial status, business policies, product segmentation, and recent news and developments in the global market for human drugs for veterinary use have been listed in the research report. In addition, recommendations given by the industry experts have also been included to offer a clear understanding of the market and guide the key players in making effective business decisions in the next few years.

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