Veterinary antibiotics combat infections are caused by bacteria. Antibiotics are used for a variety of purposes in the farming of livestock, including therapeutic and prophylaxis or preventative treatment against a number of diseases. Antibiotics are also used in herd of flocks to promote growth. Antibiotic powders and tablets are fed to animals for increasing livestock production and nutrition level.
As of 2022, the global Veterinary Antibiotics Market is estimated to be valued at U.S$ 1.43 Billion and is expected to exhibit a CAGR of 3.8% during the yeas (2022-2030)
Top Companies in the Veterinary Antibiotics Industry:
1) Bayer AG
Bayer AG is a pharmaceutical and biotechnology company situated in Germany. It is one of the largest Pharma Company in the world. The headquarters are located in Leverkusen, North Rhine- Westphalia, Germany. The company was founded in the year 1863 by Friedrich Bayer. Bayer AG’s first ever manufactured product was acetylsalicylic acid. Since then it has manufactured many more products like heroin, phenobarbital, polyurethanes, however stopped producing them. The area of business is mainly healthcare products for consumers, agricultural chemicals.
In June 2021, Bayer AG completed the acquisition of Noria Therapeutics Inc. and PSMA Therapeutics Inc.
2) Sanofi S.A.
Sanofi S.A. is a multinational pharmaceutical company that engages in the research and development, of pharmacological products, in the prescription market. The firm cover therapeutic areas like Cardiovascular, central nervous system, diabetes, internal medicine. The company was founded in 973 and the headquarters are located in Paris, France. Products manufactured include Medications, Genetic drugs, Vaccines, Animal Health, etc.
In December, 2022 Sanofi expanded its collaboration with Innate Pharma, with Sanofi licensing a natural killer (NK) cell nagger program targeting B7H3 from Innate’s ANKET platform.