Press release
Flea, Tick, And Heartworm Products Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Advanced PetCare of Northern Nevada, C. H. Boehringer Sohn AG & Co. KG, Chewy Inc., Ceva Animal Health Inc
Flea, Tick, And Heartworm Products Market Characteristics
The Business Research Company offers in-depth market insights through Flea, Tick, And Heartworm Products Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The flea, tick, and heartworm products market size has grown rapidly in recent years. It will grow from $2.9 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to increasing pet ownership, awareness of pet health, advancements in veterinary medicine.
The flea, tick, and heartworm products market size is expected to see rapid growth in the next few years. It will grow to $4.97 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to rising veterinary expenditure, global pet population growth, e-commerce growth, climate change impact. Major trends in the forecast period include product innovations, collaborations and partnerships, customization and personalization, e-commerce dominance, technological integration.
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Market Segmentation:
The flea, tick, and heartworm products market covered in this report is segmented -
1) By Product: Spray, Oral Pills or Chewable, Powder, Spot On, Shampoo, Other Products
2) By Animal Type: Canine, Feline, Other Animal Types
3) By Distribution Channel: Veterinary Clinics, Retail, E-commerce
Major Driver - Rising Pet Adoption Expected To Drive Flea, Tick, And Heartworm Products Market Growth
Increasing pet adoption is expected to propel the growth of the flea, tick, and heartworm products market going forward. 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. According to the report by Petskeen, an online pet guide platform, in August 2022 every year, almost 4.1 million animals in shelters are adopted. Therefore, increasing pet adoption will drive the flea, tick, and heartworm market in the forecasting period.
Competitive Landscape:
Major companies operating in the flea, tick, and heartworm products market report are Advanced PetCare of Northern Nevada, C. H. Boehringer Sohn AG & Co. KG, Chewy Inc., Ceva Animal Health Inc., Covetrus Inc., Elanco LLC, Eli Lilly and Company, EntirelyPets, Merck & Co. Inc., Penn Veterinary Supply Inc., Penny Paws, Perrigo Company plc, Petsburgh Pet Care Inc., Pipestone Veterinary Services, Precious Pet Services Pvt. Ltd., SPC Pets, The Hartz Mountain Corporation, Virbac Inc., Wellmark International Inc., Zoetis Inc., Bayer AG, Ecto Development Corporation, Biovet Private Limited, Novartis AG, Pfizer Inc., Sergeant's Pet Care Products Inc., Laboratoire Francodex, Central Garden & Pet Company, PetIQ Holdings Inc., PetArmor, PetAction Plus, PetLock, Frontline Plus, K9 Advantix II
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Top Trend - Development Of Innovative Flea, Tick, And Heartworm Product
Product innovation is a key trend gaining popularity in the flea, tick, and heartworm products market. 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.
The Table Of Content For The Market Report 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
…..
27. Flea, Tick, And Heartworm Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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