Animal Parasiticides Market Analysis 2020 to 2025 || Leading Players - Virbac, Vetoquinol S.A ., Oceanic Pharmachem, Zoetis, Boehringer Ingelheim International GmbH

The Global Animal Parasiticides Market is expected to reach USD 12.17 billion by 2025, from USD 8.71 billion in 2018  growing at a CAGR of 4.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Some of the major players operating in the global animal parasiticides market Eli Lilly and company, Merck and Co., Inc., Bayer AG, Virbac, Vetoquinol S.A ., Oceanic Pharmachem, Zoetis, Boehringer Ingelheim International GmbH, Ceva, Bovian Health Care,  Intas Pharmaceuticals Ltd., among others.

The Animal Parasiticides market report contains information and data in the form of charts, tables and graphs which is easily understandable to the users. This report deals with several markets internationally including Asia, North America, South America, and Africa in accord with the client’s needs. It endows them with the best possible solutions and meticulous information about the market trends.

The best analytical methods have been employed in the report, namely SWOT analysis and Porter’s Five Forces analysis wherever applicable. What is more, the report offers advanced information and scenario about the Healthcare industry which helps to stand apart in the competition in this fast paced business environment. This Animal Parasiticides market report also offers insights into revenue generation and sustainability initiative.

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Market Definition: Global Animal Parasiticides Market

The animal parasiticide is also called as veterinary parasiticide because the products of animal parasiticides are used to kill parasiticide which infests on livestock, pets, and other animals. All the different products of parasiticides have their own properties to kill parasites on animals. Antiparasitics, another name of animal parasiticides, are chemical substances that kill or eradicate micro-organisms or parasites and improve animal health. It consists of active ingredient which is helpful to carry out the activity of parasiticides on animal suffering from disease.

Companies have come up with various new products in the animal parasiticides market to eradicate the increasing prevalence of diseases in animals. A growing awareness about animal healthcare over the past few years is expected come with growth of the global animal parasiticides market world widely.  The Animal Health Institute estimated that the cost for a drug company to manufacture or develop a new drug for animals and for approvals requires $100 million.

July 2018, approval by the U.S. Food and Drug Administration to NexGard (afoxolaner), a chewable tablet given once in a month to dogs for prevention of Borrelia burgdorferi (B. burgdorferi) infections by killing Black-legged ticks (Ixodes scapularis), which carry the bacterium.The FDA originally approved NexGard in year 2013 to kill Black-legged ticks, Lone Star ticks, prevent and treat flea infestations, American Dog ticks, and Brown Dog ticks.

Market Segmentation: Global Animal Parasiticides Market

The Global Animal Parasiticides Market is segmented based on product type, animal type and geographical segments.

Based on product type, the Animal Parasiticides Market is segmented into sprays, oral tablets, pour-ons and spot-ons, collars, dips, and other ectoparasiticides.

Based on animal type, the Animal Parasiticides Market is segmented into companion animals and food-producing animals. The food-producing animals segment is further segmented into cattle, sheep, poultry, pigs, goats and other animals.

Based on geography, the Animal Parasiticides Market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Key Developments in the Animal Parasiticides Market:

July 2018, approval by the U.S. Food and Drug Administration to NexGard (afoxolaner), a chewable tablet given once in a month to dogs for prevention of Borrelia burgdorferi ( burgdorferi) infections by killing Black-legged ticks (Ixodes scapularis), which carry the bacterium.The FDA originally approved NexGard in year 2013 to to kill Black-legged ticks, Lone Star ticks, prevent and treat flea infestations, American Dog ticks, and Brown Dog ticks.

Jan 2018, Elanco Animal Health, a division of Eli Lilly and Company (NYSE: LLY), has got approval of Credelio® (lotilaner). Credelio is a new drug treatment (monthly oral tick and flea) that is easy on dogs.

Major Animal Parasiticides Market Drivers and Restraints:

Increasing awareness of zoonatic diseases.

Animal welfare by growing popularity of animal parasiticides.

Increased industrial medical farming.

Increasing demand of parasiticides.

Uses of parasiticides in food producing animals are restricted.

Competitive Analysis: Global Animal Parasiticides Market

The Global Animal Parasiticides Market is highly fragmented and the major players have used various strategies such as number of product launches, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of animal parasiticides market for global, Europe, North America, Asia Pacific and South America.

Scope of the Animal Parasiticides Market Report : -

The report shields the development activities in the Animal Parasiticides Market which includes the status of marketing channels available, and an analysis of the regional export and import. It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments. This will benefit the report’s users, that evaluates their position in Animal Parasiticides market as well as create effective strategies in the near future. 

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