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Global Veterinary Parasiticides Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Veterinary Parasiticides
What Is the Veterinary Parasiticides Market Size and Projected Growth Rate?
The veterinary parasiticides market has seen strong growth in recent years. It will increase from $14.93 billion in 2024 to $15.85 billion in 2025, with a CAGR of 6.1%. This growth is attributed to heightened awareness of animal health, the growing livestock production sector, increased pet ownership, and the prevalence of zoonotic diseases.
The veterinary parasiticides market is anticipated to reach $20.57 billion in 2029 at a CAGR of 6.7%, driven by food security concerns, zoonotic risks, pet care advancements, and environmental shifts. Leading trends include innovative delivery of treatments, environmental safety, and new solutions for flea and tick management.
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What Are the Major Segments in the Veterinary Parasiticides Market?
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
Subsegments:
1) By Endoparasiticides: Anthelmintics (Dewormers), Antiprotozoals, Anticestodals, Antitrematodals
2) By Ectoparasiticides: Insecticides, Acaricides, Repellents
3) By Endectocides: Ivermectin-based Products
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What Are The Driving Veterinary Parasiticides Market Evolution?
Rising cases of zoonotic diseases are driving the veterinary parasiticides market. These diseases, including Campylobacteriosis and Salmonellosis, are transmitted from animals to humans via food. According to the European Food Safety Authority, in 2021, 127,840 cases of Campylobacteriosis and 60,050 of Salmonellosis were reported, largely from poultry. This necessitates stronger animal disease control efforts.
Which Firms Dominate The Veterinary Parasiticides Market Segments?
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
What Trends Are Driving Growth in The Veterinary Parasiticides Market?
Chewable tablets are being increasingly used in the veterinary parasiticides market to protect animals from ticks, worms, fleas, and other pests. These tablets are easier to administer and are available in flavors such as beef or soft chews. For example, IVERHART MAX chewable tablets protect dogs from heartworms, roundworms, hookworms, and tapeworms, advancing the veterinary parasiticide industry.
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Which Is The Largest Region In The Veterinary Parasiticides 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Veterinary Parasiticides Market?
2. What is the CAGR expected in the Veterinary Parasiticides Market?
3. What Are the Key Innovations Transforming the Veterinary Parasiticides Industry?
4. Which Region Is Leading the Veterinary Parasiticides Market?
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