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Veterinary Parasiticides Market Size, Share, Growth, Latest Trends, Industry Analysis By 2033
Veterinary Parasiticides Market Size
Veterinary Parasiticides Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $19.09 billion In 2028 At A CAGR Of 6.6% :
The veterinary parasiticides market size has grown strongly in recent years. It will grow from $13.86 billion in 2023 to $14.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to animal health awareness, livestock production, companion animal ownership, zoonotic diseases.
The veterinary parasiticides market size is expected to see strong growth in the next few years. It will grow to $19.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to global food security, emerging zoonotic threats, companion animal care, environmental changes. Major trends in the forecast period include zoonotic disease concerns, flea and tick control innovation, parasiticide safety and environmental concerns, innovative delivery methods.
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Veterinary Parasiticides Market Major Segments
The veterinary parasiticides market covered in this report is segmented -
1) By Type: Endoparasiticides, Ectoparasiticides, Endectocides
2) By Product: Oral Liquids, Tablets, Injectables, Sprays, Other Products
3) By Application: Farm Animals, Companion Animals
4) By End Users: R&D Facilities, Farms, Veterinary Clinics
Key Driver - Zoonotic Pathogens Drive Demand For Veterinary Parasiticides
Animals are increasingly being affected by zoonotic pathogens, which are the leading cause of foodborne diseases worldwide. Zoonotic diseases are infectious diseases caused by bacteria, viruses, and parasites, especially Salmonella and Campylobacter, which can be transmitted directly or indirectly between animals and humans. These diseases get passed through the food chain to humans which is a potential threat and creates a dire need to prevent such diseases among animals. For instance, in December 2022, according to the European Food Safety Authority, an Italy-based independent agency for providing scientific advice on food and feed safety, nutrition, and related issues, in 2021 there were 4,005 foodborne incidents, which is an increase of 29.8% when compared to 2020. The necessity to curb these infections in animals drives the market for veterinary parasiticides.
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Prominent Trend - Innovative Chewable Tablets Revolutionize Veterinary Parasiticides
Chewable tablets are being used to prevent animals from being affected by ticks, worms, fleas, and others. Treatments with these tablets are easier to administer. The chewable tablets are available in either a beef-flavored tablet or soft chew. For instance, the IVERHART MAX chewable tablets protect dogs from the 4 most common worms: heartworms (infection caused by the bite of an infected mosquito), roundworms, hookworms (affects the intestines), and tapeworms (caused by ingesting an infected flea). Such advances in technology are significantly driving the veterinary parasiticides industry.
Veterinary Parasiticides Market Players
Major companies operating in the veterinary parasiticides market include Bayer AG, Zoetis Inc., Boehringer Ingelheim, Merck & Co. Inc., Eli Lilly and Company, virology and bacteriology, Ceva Animal Health, Merial Inc., Perrigo Company, Vetoquinol India Animal Health Pvt Ltd., Intas Pharmaceuticals Ltd., Perrigo Company, Eli Lilly and Company, Dechra Pharmaceuticals plc, Lillidale Ltd., Phibro Animal Health Corporation, Bovian Health Care Pvt. Ltd., Sanofi SA, Novartis AG, Oceanic Pharmachem, IDEXX Laboratories Inc., Covetrus Inc., Norbrook Laboratories Limited, Bimeda Holdings PLC, PetIQ Inc., Heska Corporation, Neogen Corporation, Kyoritsu Seiyaku Corporation, Nexvet Biopharma plc, Kepro Technologies Private Limited, ECO Animal Health Group plc, Bioniche Animal Health Canada Inc., Bioiberica S.A., Laboratorios Hipra S.A., Norbrook Laboratories Limited
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Largest And Fastest Growing Region In The Market
North America was the largest region in the veterinary parasiticides market in 2023. Asia-Pacific was the second-largest region in the veterinary parasiticides market. The regions covered in the veterinary parasiticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Veterinary Parasiticides Market Report Structure
3. Veterinary Parasiticides Market Trends And Strategies
4. Veterinary Parasiticides Market - Macro Economic Scenario
5. Veterinary Parasiticides Market Size And Growth
…..
27. Veterinary Parasiticides Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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