The veterinary pharmaceuticals market in the India is growing rapidly with the help of factors that indicate that animal health is playing a significant role for the country. The need for animal healthcare and increased production of livestock together with growing trends in pet ownership among the working population are some of the factors that put emphasis on this growing market. Agriculture is one of the main sources of this growth and is credited for its expansion. India has a large population depending on agriculture that requires the use of veterinary pharmaceuticals to enhance health of animals. A large number of livestock that are reared in the country makes it essential that proper healthcare measures be adopted to enhance productivity for food security. Therefore, such essential products such as vaccines, antibiotics, and nutritional supplements have seen increased demand and market growth.

Other factors include growth and urbanization as well as the growing middle-income population. Consumers in urban areas have more disposable income and are taking up pet ownership resulting in the ever growing market for pet healthcare products. This change has led to the growth of pet vaccines, anti-infectives, and parasiticides and other products among other market segments. In addition, thanks to the increased concern for pet care and their healthy lifestyle, more frequent checkups and routine veterinary care contribute to the enhancement of the market. Technological factors such as development and use of advanced technology and innovations in the field of veterinary medicine have also contributed significantly. The discovery of new and specific drugs and vaccine for respective animal health complication has enhanced the treatment success hence enhancing confidence and market for the products.

Keeping tabs on this market, India Pharma Outlook has shortlisted the select few companies from this sector that have exhibited an unrelenting pursuit of excellence. By proving their dedication to fulfilling customer expectations and contributing to the market’s evolution through their innovative disposition, these firms are blazing a trail.

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