Animal parasiticides market accounted for over US$ 9.2 billion in 2019. It is anticipated to grow at a CAGR of ~7% from 2020 to 2030.
Companies are increasingly engaging in business development strategies, such as acquisitions, mergers, and agreements, to expand their animal parasiticides product portfolio. For instance, in August 2020, Merck Animal Health completed the acquisition of worldwide rights to VECOXAN (diclazuril) from Elanco Animal Health. It is an oral suspension and helps in the prevention of coccidiosis in calves and lambs. Similarly, companies are aiming at developing and launching new animal parasiticides products in the market. For instance, in February 2020, Norbrook Inc. launched Selarid (selamectin), a topical parasiticide for companion animals. It is a prescription treatment for protecting cats & dogs from heartworms, fleas, ear mites, and several other pests.
Major Key Players of the Animal Parasiticides Market are:
Intervet Inc. (Merck & Co. Inc.), Ceva, Zoetis, Boehringer Ingelheim International GmbH, Chanelle Pharma Group, Abbey Animal Health Pty Ltd, Bimeda, Inc., Norbrook, Vetoquinol S.A., Virbac, and Elanco among others.
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Various government initiatives and organizations are promoting the importance of animal health. For instance, the Helminth Elimination Platform (HELP) is a new multidisciplinary platform funded through the European Union’s Horizon 2020 research & innovation program for promoting animal health. Led by the Swiss Tropical and Public Health Institute (Swiss TPH) and comprises not-for-profit Research & Development (R&D) organization, Drugs for Neglected Diseases initiative (DNDi), and several pharmaceutical companies such as Bayer Animal Health and Bristol-Myers Squibb. Similarly, companies are also driving programs for providing medical aids in untapped regions. For instance, in December 2018, Boehringer Ingelheim launched the ‘LastMile Initiative’ an integrated, solutions-driven program that seeks to address crucial animal health challenges by creating consistent availability of animal medical resources in hard-to-reach areas of Sub-Saharan Africa. The initiative targeted ruminants such as sheep, goats, and cattle and has expanded to include poultry.
However, the shift in dietary patterns and growing resistance in parasites against parasiticides are likely to restrict the market growth to a certain extent.
The Animal Parasiticides Market is segmented on the basis of Product Type, Animal Type, End Users and region.
Major Product Type of Animal Parasiticides Market covered are:
- Endoparasiticides
- Ectoparasiticides
- Endectocides
Major Animal Type of Animal Parasiticides Market covered are:
- Companion Animals
- Farm Animals
Major End Users of Animal Parasiticides Market covered are:
- Veterinary Hospitals & Clinics
- Home Care Setting
- Animal Farms
Research objectives:-
– To study and analyze the global Animal Parasiticides consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Animal Parasiticides market by identifying its various sub-segments.
– Focuses on the key global Animal Parasiticides manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Animal Parasiticides with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017& 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- GLOBAL ANIMAL PARASITICIDES MARKET – ANALYSIS & FORECAST, BY PRODUCT TYPE
- Endoparasiticides
- Ectoparasiticides
- Endectocides
- GLOBAL ANIMAL PARASITICIDES MARKET – ANALYSIS & FORECAST, BY ANIMAL TYPE
- Companion Animals
- Farm Animals
- GLOBAL ANIMAL PARASITICIDES MARKET – ANALYSIS & FORECAST, BY END USER
- Veterinary Hospitals & Clinics
- Home Care Setting
- Animal Farms
- GLOBAL ANIMAL PARASITICIDES MARKET – ANALYSIS & FORECAST, BY REGION
- North America Animal Parasiticides Market
- Europe Animal Parasiticides Market
- Asia Pacific Animal Parasiticides Market
- Rest of the World (ROW) Animal Parasiticides Market
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- Intervet Inc. (Merck & Co. Inc.)
- Ceva
- Zoetis
- Boehringer Ingelheim International GmbH
- Chanelle Pharma Group
- Abbey Animal Health Pty Ltd
- Bimeda, Inc.
- Norbrook
- Vetoquinol S.A.
- Virbac
- Elanco
*Financial details might not be captured for privately-held companies or companies that do not report this information in the public domain
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In the end, Animal Parasiticides industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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