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Animal Parasiticide Market an expected to generate revenue of $7,082.2 million by 2026 in the forecast period due to Rising demand for pet animals has increase
Animal Parasiticides Market
According to a new report published by Research Dive, the global animal parasiticide market forecast will be $7,082.2 million by 2026, rising from $5,096.0 million in 2018, and at 4.2% CAGR.
The significant animal parasiticide market drivers; are increasing the adoption of pet animal's and awareness about the importance of parasiticide products to prevent zoonotic diseases. Increasing knowledge among the people about livestock and livestock healthcare, rising the concerns to control of zoonotic diseases in the animals and livestock is anticipated to lead the market growth in the future time. Additionally, increasing investments to develop improved parasiticide products for veterinary healthcare and rise in the expenditure on animal healthcare are further enhancing the animal parasiticide market growth in a positive manner. Parasiticide product cost and heavy R&D investments are projected to hamper the global animal parasiticide market. Animal parasiticide market advancements and rise in the government implementations to prevent the animal and livestock health are expected to generate major opportunities for the new entrants into the market in the coming years.
Click to know How Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years @ https://www.researchdive.com/purchase-enquiry/56
2 Key Companies Profiled
o Sanofi
o Zoetis Inc.
o Eli Lilly
o Elanco
o Ceva Santé Animale
o Perrigo Company Plc
o Boehringer Ingelheim animal Health
o Merck Co.
o Vetoquinol
o Bayer AG
The chemical materials which are used to eliminate or kill the animal health-affecting parasites are called animal parasiticides or antiparasitics. These parasiticides target the infectious parasites by destroying them or inhibiting their growth.
Check out How Ectoparasiticides product type is predicted to be most lucrative till the end of 2026 @ https://www.researchdive.com/download-sample/56
3 Animal Parasiticide Market Segmentation by Product Type
o Ectoparasiticides
Pour On
Spot On
Sprays
o Endoparasiticides
Injectable
Oral
Liquids
Tablets
o Endectocides
Parasites are organisms that survive by attacking pets and farm animals for nourishment. They live in or on the body, benefiting from food and protection, while the unfortunate host animal suffers. External parasites, such as ticks, can then transfer disease from animals to people. However, a combination of watchful management of animals and targeted medicines can control parasites before these organisms cause serious harm.
4 Animal Parasiticide Market Segmentation by Animal Type
o Farm Animals
o Companion Animals
Click to speak with Analyst and know How High cost of parasiticides, coupled with high R&D investments are restraining the animal parasiticide market growth @ https://www.researchdive.com/connect-to-analyst/56
5 The Factors Propelling the Growth of the Market
Rising demand for pet animals is one of the key factors driving the animal parasiticide market . The key animal parasiticide market drivers include the rise in demand for pet animals and animal protein food across the globe. As these parasiticides are capable of enhancing the health of pet animals, they are preferred significantly. Moreover, the growth is attributed to the increase in the occurrence of parasite infections and diseases among the livestock, pet animals and other animals, which in turn is enhancing the demand for animal parasiticides during the forecast period. Furthermore, rising awareness about the health of pet animals and livestock will further increase the adoption of animal parasiticides. Significant rise in demand for animal food protein products are further expected to enhance the product sales.
6 Recent Developments of Animal Parasiticide Market
The animal parasiticide market players which are making a difference are Sanofi, Zoetis Inc., Eli Lilly, Elanco, Ceva Santé Animale, Perrigo Company Plc, Boehringer Ingelheim animal Health, Merck Co., Vetoquinol, and Bayer AG. Top key players are adopting new strategies such as joint ventures, mergers & acquisitions, new product developments and geographical expansions to increase their company position in the global market. .
Check out How Companion animal type segment is predicted to be most lucrative till the end of 2026 @ https://www.researchdive.com/56/animal-parasiticides-market
o In November 2019, Bayer AG collaborated with Pharmaron as its global partner for "Chemistry, Manufacturing and Controls (CMC) services of small molecule". This includes drug product and drug substance manufacturing to support Bayer AG research.
o Zoetis, a leading company has got approval of the US Food and Drug Administration for its new product, Simparica TrioTM (sarolaner, moxidectin, and pyrantel chewable tablets). It is a new combination parasite preventative for dogs. It is also the first one-monthly, chewable tablet in the US that delivers all-in-one protection from heartworm disease, ticks and fleas, roundworms and hookworms. This combination product builds on the trusted legacy of Simparica® (sarolaner) Chewables and exemplifies Zoetis' dedication to innovation in parasiticides.
o Elanco Animal Health Inc. clinched the purchase of Bayer AG's animal-health unit in a deal valued at $7.6 billion, creating one of the biggest stand-alone veterinary-medicine companies in the world. Elanco, which was spun out from drugmaker Eli Lilly & Co. last year, will finance the acquisition with a mix of cash and stock. German drug giant Bayer AG will receive $5.32 billion in cash and $2.3 billion in Elanco Animal Health common shares.
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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