Anticoccidial Drugs Market Size, Growth Strategies 2022-28

The research report "Anticoccidial Drugs Market: By Type of Animal (Swine, Poultry, Ovine, Bovine, Equine, Canine, Aquaculture), By Type of Drugs ((Sulpha drugs, Amprolium, Quinolones, Ionophores, Others), By Distribution Channels (Veterinary hospitals, Online Pharmacy, Retail Pharmacy) - Global/Region/Country Forecast to 2028. The global anticoccidial drugs market size was valued at USD 1,142.60 million in 2021, growing at a CAGR of 8.5% during the forecast period 2022-28.

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Increasing safety concerns about the food and health of animals are fuelling the Anticoccidial Drugs Market:
Anticoccidial is the common poultry disease. It is mainly caused by the coccidian protozoa, the parasite. This disease transfers from one to other by contact with infected liter and damage tissue. It exists in the intestinal tract and undergoes multiplication to cause damage to tissue and consequently impede with the absorption of nutrients and food digestion which can lead to the blood loss and body dehydration. Anticoccidial medications are employed in conventional animal feeding which is generally added to animal feed to prevent coccidiosis. Growing demand for the meat products and increase in the use of anticoccidial drugs are the leading factors fuelling the anticoccidial drugs market growth. Moreover, improving prices and quality of meat, possible regulatory framework to develop and approve the products, increasing government spending on healthcare of companion animals and rise in the safety concerns regarding the health and food of animals are impelling the anticoccidial drugs market growth globally. On the other hand, high prices of the raw materials, lack of consciousness and the cost of the products can hamper the market growth.

Stability in economic conditions and growing population are the major causes of growing demand for foods rich in proteins particularly in the developing nations. Constant investments are made for technological developments and innovations to develop animal health drugs. Ceva Sante Animale acquired vetech laboratories, a Canadian producer of live vaccines and drugs in 2011 for coccidiasis to expand its product portfolio.

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North America accounted for major share in the Anticoccidial Drugs Market:
Anticoccidial drugs market is classified into different regions such as Latin America, North America, Asia Pacific, Europe, Middle East and Africa. Among these regions, North America is leading the anticoccidial drugs market mainly Canada, U.S and Mexico due to the precautionary use of anticoccidials in the veterinary feed. The Europe market is driven because of the increase in the consumption of meat particularly in Spain, France, Germany and UK. But, Asia Pacific market is estimated to be the rapidly growing market due to the growing demand for meat and meat proteins in countries such as China, India and Malaysia and the large pool of population.

Competitive Analysis - Global Anticoccidial Drugs Market:
Major players working in the global anticoccidial drugs market are Eli Lilly (Elanco), Virbac, Ceva Santé Animale, Zoetis, Merck Animal Healthcare, Smartvet Inc., Intas, Jurox and Dosch Pharma.

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