According to Fact MR’s recent market research, sales of Animal Parasiticides to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Focus on improving overall patient care will remain a chief growth driver. Besides this, Animal Parasiticides market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Animal Parasiticides market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Animal Parasiticides
The report offers actionable and valuable market insights of Animal Parasiticides. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Animal Parasiticides Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Animal Parasiticides, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Animal Parasiticides Market.
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Global animal parasiticides market segmentation
Fact.MR has studied the global animal parasiticides market with detailed segmentation on the basis of product, species and regions.
Product
- Ectoparasiticides:
- Oral Tablets
- Dips
- Spray
- Spot-on
- Others
- Endoparasiticides:
- Oral Suspension
- Injectable
- Feed Additives
- Others
- Endectocides
Species
- Food-Producing Animals:
- Cattle
- Poultry
- Swine
- Others
- Companion Animals:
- Dogs
- Felines
- Others
- Other Livestock
Regions
- North America
- Europe
- Asia Pacific (APAC)
- Latin America
- Middle East & Africa (MEA)
Global Animal Parasiticides Market Key Manufacturers
The global animal parasiticides market is highly consolidated, dominated by the following five market players: Merck Animal Health, Zoetis, Inc., Ceva Sante Animale, Elanco Animal Health and Boehringer Ingelheim GmbH. These companies invest in research and development in manufacturing quality medicines and vaccines, diagnostic products and genetic tests.
Zoetis Inc., for instance, received an FDA approval for a new combination parasite preventative drug for dogs christened Simparica TrioTM in February 2020. This drug is the first all-in-one protection against heartworm diseases, ticks, fleas and roundworms in a single monthly chewable. It is the first combination isoxazoline formula for dogs in the United States.
Another market leader, Merck Animal Health, operates in the animal care domain by manufacturing drugs for companion animals, equines, swine, poultry and aquaculture. Its products include ACTIVYL® for flea infestation protection, POSATEX® and MOMETAMAX® for treating bacterial ear infections and VETSULIN® for treating diabetes mellitus in dogs and cats.
Key Takeaways of the Animal Parasiticides Market Study
- Wide availability of generic vaccines and injectables to treat infestations in livestock and companion animals will challenge the adoption of cost-prohibitive branded animal parasiticides.
- Surge in gastrointestinal parasitism and zoonotic diseases in dogs and milch animals is projected to increase sales to livestock farmers and pet owners.
- Growth in awareness pertaining to improved veterinary treatment methods, in turn, increases the adoption of advanced medicines to curb parasitic infections among pets. This will serve as an opportunity for animal parasiticides market players to establish distribution partnerships with veterinary practitioners.
- Stringency in approval of animal parasiticides used for treating infections in livestock, coupled with the growing trend of ‘veganism’, could derail the otherwise steady trajectory of the global animal parasiticides market.
- Rise in livestock population and their increasing penetration in the food chain is attracting the focus of central authorities. To create a healthy food chain, efforts are being made towards the adoption of animal parasiticides.
- Asia Pacific is poised to emerge as a key market, as livestock farmers in developing countries such as China and India are intensifying their focus on animal-raising activities to capitalize on the demand arising from the evolving food and beverages industry in Asia Pacific.
Report Benefits & Key Questions Answered
- Animal Parasiticides Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Animal Parasiticides Historical volume analysis: The report provides a comparison of Animal Parasiticides’s historical sales and projected sales performance for 2021-2031.
- Animal Parasiticides Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Animal Parasiticides market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- Animal Parasiticides Consumption by demographics: The report investigates consumer behavior affecting Animal Parasiticides demand outlook for the assessment period. Effect of their keenness for digital trends on Animal Parasiticides market is carefully analyzed
- Post COVID consumer spending on Animal Parasiticides: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Animal Parasiticides market growth.
More Valuable Insights on Animal Parasiticides Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Animal Parasiticides, Sales and Demand of Animal Parasiticides, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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