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Animal Parasiticides Market Size Worth $16.7 billion in 2030 with a CAGR of 5.9% | Opportunity, Challenges, Drivers, Growth, Trend, Demands

04-28-2023 02:23 PM CET | Health & Medicine

Press release from: Delvens

Animal Parasiticides Market

Animal Parasiticides Market

Delvens published a report, titled, "Animal Parasiticides Market by Type (Ectoparasiticides (Pour-ons & Spot-ons, Tablets, Sprays), Endoparasiticides (Oral Solids, Injectables, Feed Additives), Endectocides), Animal (Companion Animals, Livestock), End User, and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)" According to the report, The Global Animal Parasiticides Market has reached a value of $10.6 billion in 2022. This market is projected to grow from $11.22 billion in 2023 to $16.7 billion in 2030 with a CAGR of 5.9% in the forecast period of 2023-2030.

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This market is estimated based on different key pointers that attribute to the growth which are types including Ectoparasiticides, Endoparasiticides, Endectocides, animal types such as Dogs, Cats, Horses, Cattle, Pigs, Poultry, Goats, and end-user including Veterinary Hospitals, Animal Farms, Home Care Settings.

The veterinary clinics and hospitals segment has the largest market share compared to other segments in the animal parasiticides market. Since the veterinary clinics and hospitals provide a wide range of services, including preventive care, diagnosis, and treatment of animal diseases, and surgery. These infections due to parasites are common among animals and veterinarians recommend preventive measures and treatments to control and eliminate these infections. Thus, they are largely expected to be involved in driving the animal parasiticides market in the upcoming years.

Animal Parasiticides Market Key Players:

Elanco Animal Health Incorporated
Virbac
Merck & Co., Inc.
Boehringer Ingelheim GmbH
Ceva Santé Animale
Vetoquinol S.A.
PetIQ, Inc.
Norbrook
Bimeda Animal Health

Demand for Parasiticides:

With the rising demand for animal-derived products such as meat, milk, and eggs, there is a need to maintain the health and productivity of livestock. Since these infections could significantly reduce the productivity of livestock and cause economic losses to farmers. At the same time, increasing awareness of the zoonotic disease which is transmitted from animals to humans, and this generated the need to prevent and control parasitic infections in animals as well as reduce the risk of being transmitted. Moreover, the government plays a role in ensuring the animals received the drug which has received approval from the organizations such as FDA & European Commission, and the advancement in the new drug formulation to treat these illnesses in animals continues to grow the market of animal parasiticides market in the coming years.

Regional Analysis:

North American region holds a larger market share for the animal parasiticides market. This is due to the larger presence of leading companies such as Zoetis, Merck & Co., and Elanco in the North American region, growing awareness of animal health & nutrition, rising demand for consumption of animal protein or food relying upon these animals, and increasing in interest on the adoption of pets.

In addition to this, North America has a high pet ownership rate, particularly in the US. Pet owners in North America are willing to spend more on their pets' healthcare, including parasiticide products. The growing awareness of the risks associated with parasitic infections has led to an increase in preventive treatments and regular check-ups for pets. Hence, all these factors contribute to the growth of the animal parasiticides market in the coming years.

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Table of Contents

Animal Parasiticides Market is segmented into material type, animal type, end user and region.

On the basis of Type

Ectoparasiticides
Endoparasiticides
Endectocides

On the basis of Animal Type

Companion Animals
Livestock Animals

On the basis of End-User

Veterinary Clinics & Hospitals
Animal Farms
Home Care Settings

On the basis of Region

Asia Pacific
North America
Europe
South America
Middle East & Africa

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

Gain authentic and granular data access for Animal Parasiticides Market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Animal Parasiticides Market research survey offers an inclusive evaluation of the market and includes crucial future predictions, industry documentations and market reality. This Animal Parasiticides Market report reveals a comprehensive study of the collected information, with key players, sellers, and market dealers, along with key aspects influencing the market. The Animal Parasiticides Market research study examines the international and regional breakdown of the industry and its uniqueness, market shares, trends, outlines, industry classifications, and the constantly transforming global market ecosystem. The Animal Parasiticides Market research report provides profits predictions and geographic regions of the organization. The study purposes are to present the product development in North America, China, Europe, South East Asia, Japan, and in the rest of the world.

Get Direct Order of the Animal Parasiticides Market Research Report: https://www.delvens.com/checkout/animal-parasiticides-market-trends-forecast-till-2028

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About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

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