Animal Parasiticides Market - Bayer Animal Health and ParaTheraTech sign a global license agreement

Recent Developments

Bayer AG is a German multinational pharmaceutical and life sciences company, it is a global enterprise with core competencies in the life science fields of health care and agriculture. Its products and services are designed to serve people and develop their quality of life. Bayer to strengthen its portfolio of products for farm animals with new Cryptosporidiosis treatment options obtained from ParaTheraTech. They signed a global license agreement to introduce new Cryptosporidiosis treatment options for farm animals.

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Market Segmentations

Market Data Forecast published a report named Animal Parasiticides Market. It is valued around 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 type

· ectoparasiticides,

· endoparasiticides,

· endectocides.

Animal type

· Companion animals,

· Food-producing animals

Based on the product type, Endoparasiticides segment is anticipated to drive the revenue market share over the Ectoparasiticides and Endectocides segment. Demand of the Endoparasiticides is more as they control a growing prevalence of internal parasiticides such as flukes, tapeworms and roundworms which in turn fuels the Endoparasiticides segment growth. On the basis of animal type, increasing pet adoption in the Asia Pacific region is a major driving factor fueling demand for animal parasiticides in veterinary clinics.

Geographical Segmentation:

Based on geography, the market is analysed under various countries namely, North America, Europe and Asia-Pacific. Europe held the highest share of the animal parasiticides market.

Key market players in the market are -

Bayer AG (Germany),
Sanofi (France),
Ceva Sante Animale (France),
Virbac (France),
Vetoquinol S.A. (France).
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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 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 on prime strategically 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. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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