Press release
Flea, Tick, And Heartworm Products Market Growth Factors, Trends by Manufacturers And Forecast 2023-2032| Advanced PetCare of Northern Nevada, Boehringer Ingelheim International GmbH, CEVA Inc., Chewy Inc., Covetrus Inc.,
Flea, Tick, And Heartworm Products Market Size
The Business Research Company's Flea, Tick, And Heartworm Products Global Market Report 2023 identifies Increasing pet adoption as the major driver for the flea, tick, and heartworm products market's growth in the forecast period. Pet are being adopted as increasing number of the young population are considering them as part of their family, some owners are adopting them for their compassion, loyalty and to prevent loneliness. More clinical care and medications would be needed as pet adoption increased, which would drive the flea, tick, and heartworm products market.
The global flea, tick, and heartworm products market size grew from $2.58 billion in 2022 to $2.85 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The flea, tick, and heartworm products market size is expected to grow to $4.06 billion in 2027 at a CAGR of 9.2%.
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Major competitors in the flea, tick, and heartworm products market are Advanced PetCare of Northern Nevada, Boehringer Ingelheim International GmbH, CEVA Inc., Chewy Inc., Covetrus Inc., Elanco LLC, Eli Lilly and Company, EntirelyPets, Merck & Co. Inc., Penn Veterinary Supply Inc., Penny Paws, Perrigo Company, Petsburgh Pet Care Inc., Pipestone Veterinary Services, Precious Pet Services Pvt. Ltd., SPC Pet India, The Hartz Mountain Corporation, Virbac Inc., Wellmark International Inc., Zoetis Services LLC, Bayer AG, and Ecto Development Corporation.
A key trend in the flea, tick, and heartworm products market includes Product innovation. Major companies in the flea, tick, and heartworm products market are advancing in their new technologies and research and developments in the flea, tick, and heartworm products market. For instance, in August 2022, Virbac, an a US-based company introduced IVERRHART MAX, Ivermectin, pyrantel pamoate, and praziquantel are the three anthelmintics included in IVERHART MAX Chew. Dogs can administer the chews orally in four sizes with color-coded packages based on their weight. IVERHART MAX Chew, which contains ivermectin, pyrantel pamoate, and praziquantel, has a 96% acceptance rate and cures and controls roundworms, hookworms, and tapeworms in addition to preventing heartworm illness. Ivermectin is one of the ingredients that prevents heartworms.
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The flea, tick, and heartworm products market is segmented -
• By Product: Spray, Oral Pills or Chewable, Powder, Spot On, Shampoo, Other Products
• By Animal Type: Canine, Feline, Other Animal Types
• By Distribution Channel: Veterinary Clinics, Retail, E-commerce
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the flea, tick, and heartworm products market.
The Business Research Company's "Global Flea, Tick, And Heartworm Products Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Flea, Tick, And Heartworm Products Market Include:
1. Executive Summary
2. Flea, Tick, And Heartworm Products Market Characteristics
3. Flea, Tick, And Heartworm Products Market Trends And Strategies
4. Flea, Tick, And Heartworm Products Market - Macro Economic Scenario
5. Flea, Tick, And Heartworm Products Market Size And Growth
……
26. Africa Flea, Tick, And Heartworm Products Market
27. Flea, Tick, And Heartworm Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Flea, Tick, And Heartworm Products Market
29. Flea, Tick, And Heartworm Products Market Future Outlook and Potential Analysis
30. Appendix
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