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Key Trends Influencing the Growth of the Veterinary Parasiticides Market in 2025: Innovative Chewable Tablets Revolutionize Veterinary Parasiticides
Veterinary Parasiticides
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What Is the Expected CAGR for the Veterinary Parasiticides Market Through 2025?_x000D_
The market size for veterinary parasiticides has seen significant expansion over the past few years. Its anticipated rise is from $14.93 billion in 2024 to $15.85 billion in 2025, marking a compound annual growth rate (CAGR) of 6.1%. Factors such as awareness about animal health, livestock production, the popularity of companion pet ownership, and prevalence of zoonotic diseases have contributed to the growth experienced in the historic period._x000D_
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What's the Projected Size of the Global Veterinary Parasiticides Market by 2029?_x000D_
The market for veterinary parasiticides is anticipated to experience robust expansion in the upcoming years, forecasting to reach $20.57 billion by 2029 with a 6.7% compound annual growth rate (CAGR). The predicted increase during this period can be connected to aspects such as global food safety, the rise of zoonotic diseases, the care for companion animals, and environmental alterations. The period observed will also be characterized by trends including the growing concern for zoonotic diseases, innovative solutions for flea and tick control, considerations for parasiticide safety and its impact on the environment, as well as progressive delivery approaches._x000D_
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Top Growth Drivers in the Veterinary Parasiticides Industry: What's Accelerating the Market? _x000D_
The rise in zoonotic pathogens is having an increasing impact on animals, and these are the main source of foodborne illnesses globally. Zoonotic diseases are diseases of infectious nature, caused by a variety of bacteria, viruses, and parasites such as Salmonella and Campylobacter that may spread either directly or indirectly between animals and people. This transmission of disease occurs through the food chain, posing a significant risk to humans and entails urgent action to mitigate such diseases in animals. The European Food Safety Authority (EFSA), an Italy-based independent scientific advisor to the European Union on risks connected to food, reported in December 2022 that Campylobacteriosis remained the most frequently documented zoonotic disease in 2021, with a staggering total of 127,840 cases. Chicken and turkey meat were the primary culprits identified for this. Salmonellosis followed closely as the second most reported zoonosis, impacting 60,050 individuals. Thus, the need to mitigate these infections in animals fuels the veterinary parasiticides market demand._x000D_
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What Trends Will Shape the Veterinary Parasiticides Market Through 2029 and Beyond?_x000D_
The utilization of chewable tablets for animal protection against ticks, worms, fleas, and other parasites is on the rise. They offer an easier method of administration. These tablets, available as beef-flavored or soft chew, are successfully advancing the veterinary parasiticides sector. For example, IVERHART MAX chewable tablets safeguard dogs against the 4 dominant worms: heartworms (infection from an infected mosquito bite), roundworms, hookworms (intestinal affecters), and tapeworms (ingestion of infected flea)._x000D_
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What Are the Main Segments in the Veterinary Parasiticides Market?_x000D_
The veterinary parasiticides market covered in this report is segmented - _x000D_
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1) By Type: Endoparasiticides, Ectoparasiticides, Endectocides _x000D_
2) By Product: Oral Liquids, Tablets, Injectables, Sprays, Other Products_x000D_
3) By Application: Farm Animals, Companion Animals_x000D_
4) By End Users: R&D Facilities, Farms, Veterinary Clinics _x000D_
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Subsegments:_x000D_
1) By Endoparasiticides: Anthelmintics (Dewormers), Antiprotozoals, Anticestodals, Antitrematodals _x000D_
2) By Ectoparasiticides: Insecticides, Acaricides, Repellents _x000D_
3) By Endectocides: Ivermectin-based Products_x000D_
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Which Top Companies are Driving Growth in the Veterinary Parasiticides Market?_x000D_
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_x000D_
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Which Regions Will Dominate the Veterinary Parasiticides Market Through 2029?_x000D_
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_x000D_
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