Press release
Global Animal Parasiticides Market 2023: Pharmacies and Drug Stores Distribution Channel Segment Expected to Register High Revenue Growth
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One of the key drivers of the animal parasiticide market is the increasing incidence of parasitic infections in animals. Parasites, such as worms, ticks, and fleas, can cause a range of health problems in animals, including anemia, malnutrition, and even death. In addition, parasitic infections can also lead to reduced productivity in animals, which can have a significant impact on the agricultural industry.
Another key driver of the animal parasiticide market is the growing awareness among farmers and pet owners about the importance of parasite control. As more people become aware of the risks posed by parasites to animal health, they are more likely to invest in products that can help control these infections. This is particularly true for farmers and pet owners who rely on their animals for income or companionship.
Companies
GE Healthcare
Koninklijke Philips N.V.
Siemens Healthineers (Siemens AG)
Hologic, Inc.
Ziehm Imaging
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The increasing demand for food products from animals that are free from parasitic infections is also expected to drive growth in the animal parasiticide market. Consumers are becoming more concerned about the quality and safety of the food they eat, and are increasingly looking for products that have been produced using sustainable and safe methods.
There are different types of animal parasiticide available in the market such as endoparasiticide and ectoparasiticide. Endoparasiticide are used to control internal parasites such as worms and coccidia, while ectoparasiticide are used to control external parasites such as ticks, mites and fleas.
The animal parasiticide market is segmented on the basis of product, animal type, and geography. Based on product, the market is segmented into chemical and biological. Chemical parasiticide are the most commonly used products, while the biological parasiticide segment is expected to grow at the highest CAGR during the forecast period.
Segment analysis
The animal parasiticides market is segmented into Ectoparasiticides, Endoparasiticides and Endectocides. The Endoparasiticides segment is expected to lead the revenue market share over the Ectoparasiticides and Endectocides segment.
Demand of the Endoparasiticides is more as they control an increasing prevalence of internal parasiticides such as roundworms, tapeworms and flukes which in turn fuels the Endoparasiticides segment growth.
Furthermore, the restrictions on the use of parasiticides in food producing animals may restrain the growth of Endoparasiticides and Ectoparasiticides segment over the forecast period.
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- Table of Content -
Executive summary
Research Methodology
Assumptions and Acronyms Used
Global Animal Parasiticides Market Overview
4.1. Parent Market Overview
4.2. Market Size by Value (US$ Mn) Forecast
4.3. Absolute $ Opportunity
4.4. Market taxonomy
Global Animal Parasiticides MarketDynamics
5.1. Key Growth Drivers
5.2. Restraints
5.3. Opportunities
Global Animal Parasiticides Market Trends
Global Animal Parasiticides Market Scenario Forecast
Global Animal Parasiticides Market Pricing Analysis
8.1. Global Animal Parasiticides Price Estimates (US$) By Product Type and Region, 2015
8.2. Global Animal Parasiticides Price Estimates (US$) By Product Type and Region, 2026
Global Animal Parasiticides Market Value Chain Analysis
9.1. Value Chain
9.2. Profit Margin Analysis, 2016
Global Animal Parasiticides Market Analysis by Product Type
10.1. Introduction
10.2. Y-o-Y Growth Comparison by Product Type
10.3. Market Share & Basis Point (BPS) Analysis, By Product Type
10.4. Ectoparasiticides Market
10.4.1. Market Size Value (US$ Mn) Forecast
10.4.2. Absolute $ Opportunity
10.4.2.1. Pour ons and spot ons
10.4.2.2. Sprays
10.4.2.3. Dips
10.4.2.4. Ear tags
10.4.2.5. Collars
10.4.2.6. Oral tablets
10.5. Endoparasiticides Market
10.5.1. Market Size Value (US$ Mn) Forecast
10.5.2. Absolute $ Opportunity
10.5.2.1. Oral liquid
10.5.2.2. Oral solid
10.5.2.3. Injectable
10.5.2.4. Feed additives
10.5.2.5. Others
10.6. Endectocides Market
10.6.1. Market Size Value (US$ Mn) Forecast
10.6.2. Absolute $ Opportunity
10.7. Global Animal Parasiticides Market Attractiveness Analysis By Product Type
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