Animal Parasiticides Market: Size, Share, Growth Analysis, Regional Outlook Forecast 2021-2027

Precision Business Insights published a research report on “Animal Parasiticides Market By Type (Endoparasticides, Ectoparasiticides, Endectocides), By Livestock (Swine, Poultry, Ovine, Bovine, Equine, Canine, Feline), By Form (Sprays, Oral Liquids, Solids, Injectable, Others), By Geography (Latin America, North America, Asia Pacific, Middle East and Africa and Europe)- Global/Region/Country Forecast to 2027” Animal Parasiticides market was valued at USD 9.4 Billion in 2020 and is anticipated to grow at USD 15.7 Billion till 2027 recording a CAGR of 7.6% during the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Animal Parasiticides Market By Type (Endoparasticides, Ectoparasiticides, Endectocides), By Livestock (Swine, Poultry, Ovine, Bovine, Equine, Canine, Feline), By Form (Sprays, Oral Liquids, Solids, Injectable, Others), By Geography (Latin America, North America, Asia Pacific, Middle East and Africa and Europe)- Global/Region/Country Forecast to 2027”

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Increasing Prevalence of Animals Diseases is driving the Animal Parasiticides Market:
Animal Parasiticides Market report depicts granular level information about regional market share, historic market share, market size and forecast for the period 2021-2027. Thorough insights about key market developments, overview on competitors their key strategies and company share analysis is also discussed in this market report. It further outlines market driving and restraining factors, trends and unmet needs, which greatly affect the market growth. It also tracks the key developments and current innovations. This comprehensive report further aims at providing a huge range of information about regulatory framework, reimbursement scenario and market entry strategies useful for new market entrants. The impact of socio-political environment is also depicted through this report analysis. Animal parasiticides consist of several active ingredients relying on the particular efficacy against the parasites. These are used either directly or can be used as a feed additive to the livestock fee. Animal Parasiticides effectively work to kill different types of parasites, which infect livestock, companion animals as well as other animals. There are several industries launching new formulations and products in the animal parasiticides market to destroy the growing occurrence of animal illnesses.

Technological advancements and huge awareness about animal healthcare are anticipated to enhance the market growth during the forecast period. Animal parasiticides market is driving hugely due to the driving factors such as fast development of contemporary products, increasing government initiatives to prevent infections and illnesses in animals, increase in occurrence of zoonotic illnesses and growing worries about animal health amid caretakers. On the other hand, there are a few factors that can hinder the animal parasiticides market such as high cost of products, strict regulatory framework and dearth of awareness in developing countries regarding animal parasiticides.

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Impact of COVID-19 on Oncology Biosimilars Market:
In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

North America Dominating the Animal Parasiticides Market:
North America is dominating the animal parasiticides market owing to growing demand for companion animal healthcare products and increasing demand for novel parasiticides by pet owners and veterinarians. Asia Pacific is anticipated to grow at the huge growth rate during the forecast period 2021-2027 owing to increasing count of farm animals having main goal on healthcare products.
Competitive Analysis

Some of the major players operating in the animal parasiticides market include Virbac (France), Ceva Sante Animale (France), Ourofino (Brazil), Eli Lilly and Company (U.S.), Vetoquinol S.A. (France), Zoetis, Inc. (U.S.), Bayer AG (Germany), Perrigo Company Plc. (Ireland) and Boehringer Ingelheim (Germany).

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