Anticoccidial Drugs Market is Estimated to reach USD 1511.46 Million by 2023 | Leading Market Key Players are Bayer Health care, Zoetis, Elanco, Merial, Merck Animal Healthcare, Virbac, Boehringer Ingelheim, Novartis Animal Healthcare, and Smartvet Inc

Global Anticoccidial Drugs Market Size:

According to Market Data Forecast, The Anticoccidial Drugs Market is predicted to reach USD 1511.46 Million with a pace of 3.61% CAGR. Animals or livestock are always prone to several infections because of the surroundings they live in. Coccidiosis is one among them. It is a parasitic infection of the animal intestinal tract. It is caused by a parasite called coccidian protozoa.

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Anticoccidial Drugs Market Growth:

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.

Growing demand for meat proteins is 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 the 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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Anticoccidial Drugs Market Segmentation:

The Global Anticoccidial Drugs Market is classified based on various types of animals and by type of drugs. The animal segment is further sub-categorized into poultry, swine, fish, cattle and companion animals. The companion animal further includes dogs and cats. The drug segment includes antibiotic anticoccidials, Ionophore anticoccidials, and chemical derivative anticoccidials. Furthermore, 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 a 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 a major share of the European anticoccidial drugs market

The Global Anticoccidial Drugs Market is segmented under various factors. Among those animals, the anticoccidial drug segment is estimated to contribute to the global market share in the forecasted period due to positive trends and growing demand for anticoccidial drugs in the field of the livestock industry.

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Major Key Players Dominating the Global Anticoccidial Drugs Market:
Key players competing in the Global Anticoccidial Drug Market are Smartvet Inc., Novartis Animal Healthcare, Boehringer Ingelheim Animal Health, Ceva Santé Animale, Virbac, Merck Animal Healthcare, Merial, Elanco, Zoetis, and Bayer Health care.

The Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

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