Veterinary Antiseptics Market in Asia Pacific, Latin America, and Rest of the World to Post 5.6% CAGR Till 2023: Transparency Market Research

As more people in emerging markets adopt pets, the need to care for animal companions arises, consequently leading to an increase in veterinary antiseptics. This will prove to be the primary factor propelling the veterinary antiseptics market in Asia Pacific, Latin America, and Rest of the World, says Transparency Market Research. In its report, titled ‘Veterinary Antiseptics Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015–2023,’ TMR projects the combined market in these regions to rise to US$401.6 million by 2023, up from US$243.0 million in 2014. The veterinary antiseptics market in Latin America, Asia Pacific, and Rest of the World will log a CAGR of 5.6% between 2015 and 2023.

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Antiseptic products studied in the report include: Hydrogen peroxide, chlorhexidine, alcohol, iodine and iodophors, and others. The iodophors and iodine segment was identified as the largest in 2014, and is expected to grow the fastest through the forecast period. This can be ascribed to the growing number of both companion and production animals in these regions.

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Likewise, the report studies the Asia Pacific, Latin America, and Rest of the World veterinary antiseptics market on the basis of the following species: Porcine, bovine, equine, ovine, feline, canine, and camelidae. Bovine veterinary antiseptics constitute the largest segment globally.

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The report identifies India as being the fastest growing market for veterinary antiseptics because of the growing trend of adopting companion animals here. Dog imports to India have shown a conspicuous increase in recent years but the lack of skilled veterinary doctors in the country could hamper the veterinary antiseptics market. Japan trails India in the Asia Pacific, Latin America, and Rest of the World (RoW) veterinary antiseptics market.

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About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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