The global enrofloxacin market size is expected to witness potential gains in the future, and register a significant CAGR over the forecast period (2019 - 2027).
Enrofloxacin (ENR) is a fluoroquinolone antibiotic and a veterinary antibacterial agent. It is sold under the trade name Baytril by the Bayer Corporation. ENR is currently approved for treatment of individual pets and domestic animals in the U.S. by the U.S. Food and Drug Administration (FDA). ENR is effective against a several gram-positive and gram-negative bacteria such as Pseudomonas aeruginosa, Klebsiella, and E.coli. It is used for the treatment of infections of skin and soft tissue, urinary tract infections in dogs and cats, Chlamydophila felis infections in cats, and ulcerative colitis caused by Escherichia coli in dogs. Significant growth in the poultry sector is expected to have positive impact on the market growth of enrofloxacin over the forecast period.
Increasing use of ENR in treatment of infections caused by both Gram-negative and Gram-positive bacteria is expected to boost the market growth. ENR is administered to cattle by subcutaneous injection and to pigs by intramuscular injection. It is administered orally to cattle, pigs, turkey, and chickens, for the treatment of infections of the respiratory and alimentary tract.
However, in rare instances, use of ENR in cats has been linked with retinal toxicity. The drug cannot be used in pets that are allergic to it. ENR is also associated with some side effects such as vomiting, diarrhea, and lack of appetite. Moreover, effective in September 2005, enrofloxacin was withdrawn from use in the U.S. poultry farms. These factors are expected to hinder growth of the enrofloxacin market over the forecast period.
Increasing trend of adopting pets is expected to offer lucrative opportunities for market players to enhance their market share.
Asia Pacific is expected to hold dominant position in the enrofloxacin market over the forecast period. Factors such as growing population and high demand for poultry meat are expected to impact the market growth. Moreover, significant growth in the pet industry in China is also expected to contribute to the market growth in Asia Pacific. Restrictions on the use of ENR in the U.S. is expected to adversely affect growth of the market in North America.
Some of the major players operating in the global enrofloxacin market include, Bayer Corporation, KRKA d.d., Novo mesto, Pro Zoon, Chanelle Pharmaceuticals, VetMedic, and VM Pharma.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to: