Veterinary Antiseptics Market Analysis Current Trends and Sales Forecast Till 2023

The veterinary antiseptics market in Asia Pacific, Latin America, and Rest of the World is studied, analyzed, and estimated from three perspectives: by product, by species, and by geography. Antiseptic products considered under the scope of the study include iodine and iodophors, chlorhexidine, alcohol, hydrogen peroxide, and others (silver compounds and acetic acid). The iodine and iodophors segment accounted for the largest share of the market in 2014. It is recognized as the fastest growing segment due to adoption rate and preference among veterinarians in both production as well as companion animal segments. Additionally, iodine and iodophors provide sustained release of antiseptics over a longer duration. This provides comfort and convenience to animals and caregivers. Overall, iodine and iodophors are usually preferred to other alternatives due to their mildness, which permits them to be used in both small and large animals. Chlorhexidine is the second most preferable antiseptic and is commonly used in the treatment and prevention of dermatological conditions and for management of ear infections (otitis externa), uterine irrigation, and gum diseases. No viable substitute to this antiseptic is available in oral care in terms of efficacy and recovery time. However, unpleasant taste and desensitization of taste buds act as restraints of the chlorhexidine products segment.

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Hydrogen peroxide as an antiseptic is commonly used for the treatment and removal of pus and debris from the wound due to its harsh characteristics. Hydrogen peroxide is also used for cleaning fish ponds, animal water reservoirs, and cages. Alcohol, due to its rapid evaporation action, is less preferred over chlorhexidine and iodine and iodophors based antiseptics. Moreover, several studies have illustrated that alcohol induces bacterial regrowth in wounds. The other products segment includes silver compounds and acetic acid. Silver compounds are used as mild antiseptics and in ophthalmic preparations. Silver nitrate, commonly used as a caustic antiseptic and an astringent, is mostly used in cats and dogs. The degree of action for silver nitrate depends upon the concentration used and the duration for which the compound is allowed to act. Acetic acid is majorly used as wound dressing and in urinary tract irrigation.

The veterinary antiseptics market in Asia Pacific, Latin America, and Rest of the World, by species, include bovine, porcine, ovine, equine, canine, feline, and camelidae. The study also analyzes and illustrates population of these species in major contributing countries. Based on the population analysis and consumption trends, the bovine segment accounts for the largest share of the antiseptics market. Globally, bovine, porcine, and ovine species are primarily used for milk, flesh, and other byproducts that require regular monitoring and care to get through regulatory obligations. Owing to the aforementioned factor, demand for antiseptics based products has significantly increased over the past few years.

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Globally, India is among the fastest growing markets for animal health care due to growing population and an increase in the population of companion animals in the country. The import of dogs in the country has risen significantly in the past few years. One of the major restraints of the animal health care industry in India is the lack of skilled veterinarians in the country. Japan is the second largest market for animal health products globally, with annual sales of approximately USD 685.9 million (JPY 83 billion). Stringent regulatory approval guidelines is one of the major restraints of the market for veterinary antiseptics and other animal health care products. For instance, a product that has already been approved in Europe has to further undergo rigorous approval as per the set guidelines of the regulatory requirements in Japan. This tends to increase costs across the industry and create a void for the novel products to enter into the market. Similar trends and market dynamics have been illustrated in the study.

Key players profiled in this report include Bayer AG, Continental Manufacturing Chemist, Inc., Elanco Animal Health, Inc., Indian Immunologicals Ltd., M.B.D. Marketing (S) Pte Ltd., Merck Animal Health, Merial, Nicosia International, Vallée S.A., and Zoetis, Inc.

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