According to the report global Anticoccidial Drugs Market, published by Market Data Forecast, the global market is projected to reach USD 2.85 billion by 2021, at a CAGR of 3.67% from 2016 to 2021.
Coccidiosis, a parasitic infection of the intestinal tract of animals is caused by coccidian protozoa. The disease feasts from one animal to another by any contact with infected faeces or consumption of infected tissue. It infects a wide variety of animals, such as cattle, poultry species, pigs and sheep. It can be responsible for devastating mislay in meat production. To overcome this problem, anticoccidial drugs play an important role in the prevention and treatment of coccidiosis.
The ban on consumption of antibiotics as a source of animal feed and the upsurge in incidences of antibiotic microbes has seen a reduced growth in the antibiotic market, nevertheless the rising incidence of coccidiosis over the preceding 50 years and its control on the overall cost to benefit ratio for the meat industry has furthered the anticoccidials drug market.
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Global Anticoccidial Drugs Market: Drivers & Restraints
Growing demand for meat proteins are increasing usage of anticoccidial drugs and are the driving force for global anticoccidial drugs market. Besides, less stringent regulations and increased expenditure on companion animals are also assistant in growth of global anticoccidial drugs market. Further, the trend of owning companion animals is causative to the growing usage of anticoccidials in developing regions.
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Global Anticoccidial Drugs Market: Segmentation
By Drug Type
- Antibiotic anticoccidials
- Ionophore anticoccidials
- Chemical derivative anticoccidials
By Animal Type
- Companion Animal
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Global Anticoccidial Drugs Market: Overview
The livestock industry has seen steady growth over the past two decades and the antibiotic market has been growing along with it. The industry is and will remain to face diverse challenges related to microbial resistance build-up and government regulations in US and Europe, consequently the major players will be focusing on the not as much of regulated markets in the South America and Asia Pacific regions. These being the regions estimated to grow the most during the forecasted period.
The market for food producing animals accounted for nearly 80% of the total market in 2011. This has increased the demand for anticoccidial drugs, largely due to the increased incidence of coccidiosis and other protozoan parasite based diseases that infect majorly food producing organisms but are not limited to them.
Global Anticoccidial Drugs Market: Region-wise Outlook
Based on geography the market is segmented into various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America dominates the global anticoccidial drugs market owing to preventive usage of anticoccidials in animal feed. Its countries combined contribute around 24% of the worldwide market for anticoccidial drugs. The U.S. holds the largest market share for anticoccidial drugs followed by Mexico and Canada in North America. Germany, France, Spain and U.K holds major share of the European anticoccidial drugs market
Key Questions Answered
- What are the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market?
- What is the current and future Anticoccidial Drugs Market outlook in worldwide? What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the Anticoccidial Drugs space in global?
- What are the key, high growth markets that Anticoccidial Drugs manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Anticoccidial Drugs currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Anticoccidial Drugs?
- What are the challenges and barriers that have hindered widespread adoption of Anticoccidial Drugs?
Global Anticoccidial Drugs Market: Key Players
Some of the few key players operating in the market are Bayer Health care, Zoetis, Elanco, Merial, Merck Animal Healthcare, Virbac, Ceva Santé Animale, Boehringer Ingelheim Animal Health, Novartis Animal Healthcare and Smartvet Inc.
Reasons to buy global Anticoccidial Drugs Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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