Animal Parasiticides Market Scope
The animal parasiticide are also known as veterinary parasiticide. Its exhibits its performance by killing parasiticide which infests on livestock, pets, and other animals . The animal parasiticide major application observed in active ingredient which is helpful to carry out the activity of parasiticides on animal suffering from disease. The animal parasiticide market is rapidly increasing in global regions due to eradicating the increasing prevalence of diseases in animals in developed countries. Bayer Animal Health ParaTheraTech sign an agreement to strengthen its product portfolio for farm animals with new Cryptosporidiosis treatment options.
According to AMA, the Global Animal Parasiticides market is expected to see growth rate of 5.9% and may see market size of USD11.4 Million by 2026.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Animal Parasiticides market throughout the predicted period.
Sanofi (France), Ceva Sante Animale (France), Virbac (France), Vetoquinol S.A. (France), Eli Lilly and Company (Unites States), Zoetis, Inc. (Unites States), Merck and Co., Inc. (Unites States), Bayer AG (Germany), Boehringer Ingelheim (Germany) and Perrigo Company Plc (Ireland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Bayer AG (Germany),, Zoetis, Inc. (Unites States) and Merck and Co. (Unites States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Animal Parasiticides market by Type (Ectoparasiticides, Endoparasiticides and Endectocides), by Application (Food-producing Animals and Companion Animals) and Region with country level break-up.
On the basis of geography, the market of Animal Parasiticides has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In 4 December 2018, Boehringer Ingelheim launched a ‘LastMile’ initiatives in animal healthcare sector in Sub-Saharan Africa. It is beneficial in offering animal productivity and production.
In July, According to U.S. Food and Drug Administration to NexGard (afoxolaner), a chewable tablet given once in a month to dogs for prevention of Borrelia burgdorferi (B. burgdorferi) infections by killing Black-legged ticks (Ixodes scapularis), which carry the bacterium. The FDA originally approved NexGard in year 2013 to kill Black-legged ticks, Lone Star ticks, prevent and treat flea infestations, American Dog ticks, and Brown Dog ticks. ”
Market Trend
- Increase demand due to new product development and product differentiation in industrial medical farming.
- Upsurge demand due to increasing animal research activities.
Market Drivers
- Increase Demand Of Animal Parasiticides In Animal Derived Food Items.
- Increase In Zoonotic Diseases Leads More Applicability Of Animal Parasiticides.
- Rise In Demand For Animal Parasiticides In Developing Countries.
Opportunities
- Focus on Investments by the Major and Private Players.
- Increasing Stringent Regulation Against Spreads of Animal Diseases.
Restraints
- Lack of Skilled Workforce for Installation of Electrical Appliances.
- The Fluctuation of Animal Parasiticides Market Due to Shift Towards Vegan Diets.
Challenges
- Adverse Effect on Rising Resistance in Animal Parasiticides.
Key Target Audience
Animal Parasiticides Manufacturers, Animal Parasiticides Traders, End-Use Market Participants of Different Segments of Animal Parasiticides, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others