Industry Background:
Tick repellent is a medicine that is used in order to get rid of ticks, lies or insecticides that developed inside the furs or hairs of the pet animals specifically dogs and cats. The hair structure and the nature of the skin of the pet animals make it very easier for such ticks to grow. The repellent is made up natural or synthetic materials that can be consumed in form of medicines that are chewable or else can be applied externally to the infected area directly. In chewable tick repellent products fluralaner is a major chemical ingredient.This growth is primarily driven by Increasing Demand for Pet Care Products and Increase in the Disposable Income.
Globally, a noticeable market trend is evident Rising Number of Pet Owners. Major Vendors, such as Merck & Co., Inc. (United States), Boehringer International GmbH (Germany), Zoetis Inc. (United States), Bayer AG (Germany), Ceva Santé Animale (France), Elanco Animal Health (United States), Perrigo Company plc. (Ireland), Virbac Corporation (United States), Central Garden & Pet Company (United States) and The Hartz Mountain Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On April 26, 2019 lanco Animal Health has announced that it has signed an agreement to acquire Aratana Therapeutics, a pet therapeutics company focused on developing and commercializing innovative therapeutics for dogs and cats.
Market Drivers
- Increasing Demand for Pet Care Products
- Increase in the Disposable Income
Market Trend
- Rising Number of Pet Owners
Restraints
- Lack of Awareness about Tick Repellent
Opportunities
Growing Number of NGOs That Take Care of Animals
Challenges
Ignorance towards Animals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Tick Repellent Study Sheds Light on
The Tick Repellent Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Tick Repellent industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Tick Repellent industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.