The rising demand for meat across countries of Asia Pacific, Latin America, and Rest of the World has led to an increased demand for veterinary antiseptics. The growing number of fitness-conscious people shifting their preference towards a protein-rich diet have spurred a high demand for animal healthcare.
Furthermore, the rising disposable income levels that are allowing consumers to spend on various types of meat are also contributing to the revenues of the veterinary antiseptics market in Asia Pacific, Latin America, and Rest of the World in many direct and indirect ways. Antiseptics are used to heal wounds, prevent infections, sepsis, or putrefaction. They are also used to prepare the skin surface before injecting the animal.
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Growing Pet Adoptions and Meat Consumption Spurs Veterinary Antiseptics Demand
“One of the key factors driving the demand in the market for veterinary antiseptics is the growing number of pet owners in urban areas. The adoption rate for of animals in emerging economies is expanding at a swift pace, creating an overall incremental demand for pet care and veterinary products. “Pet ownership and rising disposable incomes have made their mark in the pet care markets as a growing number of pet owners are investing purchasing high quality animal care products, including antiseptics,” states a TMR analyst.
The rise in demand for meat, milk, eggs, and other animal and poultry products across Asia Pacific and Latin America is quite significant a factor to influence the demand for veterinary products and services in the animal husbandry industry of these regions. Rising disposable income is again a key driver for the veterinary antiseptics in the overall market as it allows for more consumers to purchase better quality meat and dairy products. The demand for veterinary antiseptics is bolstered further by the growing awareness among consumers regarding animal diseases and the need to buy products created from healthy animals. Thus, the rising expenditure on animal healthcare is creating a direct impact on the revenues of the Asia Pacific, Latin America, and Rest of the World veterinary antiseptics market.
Highly Dynamic Regional Regulatory Profiles Hamper Overall Market
Country-specific regulatory guidelines, especially in countries such as Japan, have been hampering the growth of this market in the recent years. The long-drawn process of approval, despite the international approval of the product, has restrained the veterinary antiseptics market in these regions over the recent years. The overall market is also being hampered by the significant dip in the number of veterinarians across emerging economies. Poor career prospects for veterinarians in developing nations of India, China, and Brazil in the past few years is also anticipated to put a downward pressure on sales of veterinary antiseptics as the number of prescriptions will drop.