Veterinary Medicine Is Fastest Growing Segment Fueling The Growth Of The Global Enrofloxacin Market
Enrofloxacin Market The global Enrofloxacin Market is estimated to be valued at US$ 470.4 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Enrofloxacin is an antibacterial medicine used in veterinary medicine to treat bacterial infections in animals. It functions by disrupting the DNA replication of bacteria and inhibiting the bacterial reproduction. It is commonly used to treat respiratory infections, skin infections, and urinary tract infections in animals. Market key trends: One of the key trends fueling the growth of the enrofloxacin market is the rising animal healthcare expenditure globally. For instance, according to the American Pet Products Association (APPA), the total U.S. pet industry expenditures in 2021 amounted to over $110 billion, out of which over $30 billion was spent on veterinary care. Furthermore, increasing prevalence of zoonotic di...