By product form, the oral drugs are set to capture more than 75% market share of the global Over-The-Counter (OTC) veterinary drugs market at a CAGR of 7.9% between 20.The anti-parasitic drugs, within the drug class segment, are expected to account for a 12.8% market share in the global over-the-counter (OTC) veterinary drugs market, exhibiting growth at a CAGR of 8.10% over the forecast period (2022-2032).This paradigm shift in consumer buying behaviour will create lucrative opportunities for growth in the global market.įurther, key players are focusing on product launches, strategic partnerships and acquisitions to expand their consumer base and provide better services across the world. They have also estimated an exponential increase in the ePharmacy service usage by 2025, wherein around 70 million households would be using ePharmacy. Request a Sample to Obtain Authentic Analysis and Comprehensive Market Insights at For instance, in a report published by the Federation of Indian Chambers of Commerce & Industry, approximately 9 million households used e-Pharmacy services. Online pharmacies have gained an impetus in the last two years mainly due to the worldwide lockdown leading to the need for doorstep delivery of medicines. The North American Pet Insurance Association's report stated that around 3.45 million pets were covered under pet insurance by May 2021, with an average growth rate of 23.4%. The high cost of pet healthcare and medications has led to the growth of the pet insurance sector.
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