Animal Parasiticides Market–– Merck & co. acquires the privately held Antelliq group.

Recent Developments

Merck & Co., Inc is the world's seventh largest pharmaceutical company by market capitalization and revenue. To discover, develop and provide innovative products and services that save and improve lives around the world. This company, Merck Animal Health is the part of Merck & co and has a rich heritage of scientific excellence and innovation regarding animal health industry. It has founded to count on Animal Health for information, technologies and veterinary services that truly advance animal healthcare and Merck animal health company uses animal parasiticides which are important for the protection and cure of the parasitic diseases.

In December 2018, Merck acquire privately held Antelliq group. Which is leader in digital animal identification, traceability and monitoring, the fastest growing part of the animal health industry.

In 2018, Merck & co. Company began the submission process for a Biologics License Application to the U.S. Food and Drug Administration (FDA). The application is for an investigational vaccine, called V920, to fight the Zaire strain of the Ebola virus.

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Market Segmentations

Global Animal Parasiticides Market worth was USD 8.71 billion in 2018 and estimated to be growing at a CAGR of 5.75%, to reach USD 11.52 billion by 2023.

Report is segmented by

Product

Ectoparasiticides
Endoparasiticide
Animal Type

Food-producing Animals
Companion Animals
Y-o-Y Growth Analysis
Market Attractiveness Analysis
Market Share Analysis
The ever-increasing number of livestock animals for the production of food in developing economies is resulting in the demand for animal healthcare products thus fuelling the growth of the global animal Parasiticides market.

Geographical Segmentation:

Based on geography, the market is analyzed under various countries namely, North America, Europe, Asia-Pacific and Rest of the World. As of 2016, Europe held the largest share of the animal Parasiticides market.

Key market players in the market are -

Sanofi (France)
Virbac (France)
Eli Lilly and Company (U.S.)
Zoetis, Inc. (U.S.)
Merck and Co.,
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Scope of the Report:

The report gives a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the current market dynamics and trends are discussed in detail at the product level. Further, the performance of the current market at the regional and country-level is measured 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 the growth strategies. Comparative analysis on key strategically activities of the market players delineating the key developments like mergers and acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also gives a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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