22 February 2021
Visiongain has published a new report on Animal Parasiticides Market Report to 2031. According to the Visiongain analysis, the global animal parasiticides market is anticipated to grow at a CAGR of XX% during the forecast period (2021-2031). The global animal parasiticides market is segmented on the basis of type, by animal type, and by end-user. By type, the market is categorized as Ectoparasiticides (Dips, Spray Pour-ons& Spot-ons, Others), Endoparasiticids ( Injectables, drenches, Feed additives, Others), Endectocides, By Animal Type the market is divided into (Companion animals, Food producing animal) By End-user (home care, Veterinary clinics & hospitals, Farm animals), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).The report includes detailed Profiles of Leading Animal Parasiticides Companies. PLUS COVID-19 Recovery Scenarios.
Global Animal Parasiticides Market was valued at US$XX billion in 2020 and is projected to reach a market value of US$ XX billion by 2031. The study covers detailed and insightful chapters on market overview, market segments, new developments, competitive landscape, strategic recommendations, key company analysis, market opportunities, pricing analysis, gap analysis, porter’s 5 forces model, company profiling, geographical analysis, and analytical overview of the market. The increase in demand for animal health insurance and animal health expenditure, the prevalence of zoonotic infection among companion animals are some of the factors driving the growth of the animal parasiticide market.
COVID-19 Impact on the Global Animal Parasiticides Market
According to the Center for Disease Control and Prevention (CDC), some of the companion animals (cats and dogs) have been reported with COVID-19 in several countries, including the US. The pets are vulnerable to infection and became sick when encountering the COVID-19 patient. The CDC, U.S. Department of Agriculture (USDA), state public health and animal health officials have been working together to conduct active surveillance of SARS-CoV-2 in pets, such as cats, dogs, and other small mammals, that had contacted with COVID-19 patients.
Increasing adoption of companion animals.
The adoption of companion animals is increasing due to the rise in awareness of animal healthcare and safety. The changes in lifestyle and availability of animal health products such as antimicrobial, antibacterial, antibiotics, and parasiticides are contributing to the growth of the animal parasiticide market
Increasing consumption of livestock and livestock-based products
Livestock are considered as the source of protein-based diet, income, employment, and possibly foreign exchange. The consumption of livestock and the livestock-based product has increased rapidly in emerging economies such as India, the demand for food has increased due to the huge population and recent growth in consumer income. The factors contributing to the growth of livestock consumption includes- rising disposable income, dietary change, improved livestock-based products, and market development.
Government initiatives for animal health & safety
The changes in parasitic infections (such as parasite genetics, biology) have increased parasiticide resistance, which is one of the emerging concerns in various species. The parasitic resistance is severely affecting the health and the productivity of animals. However, to combat the growing healthcare threat, the FDA developed an anti-parasitic resistance management strategy. This strategy encourages the sustainable use of the approved anti-parasitic drugs in livestock such as poultry, cattle, sheep, horses, goats, and swine. The sustainable enables slowing the development of anti-parasitic resistance and ensures anti-parasitic drugs to remain effective for long period.
Bayer AG, Elanco Animal Health Inc., Merck & Co., Inc., Zoetis, Virbac, Boehringer Ingelheim, Abbey Animal Health, Bimeda Holdings PLC, Biogenesis Bago SA, Bio-Vet and Ceva Santé Animale are some of the key players contributing to the growth of the global animal parasiticides market. The market players are adopting new strategies to stay competitive in the global market such as new product developments, joint ventures, mergers and acquisitions, and geographical expansions.
For instance, On 16 January 2020, Ceva Santé Animale entered into an agreement with the Vietnam Department of Animal Health (DAH), which will help the company to boost the implementation of preventive health strategies, such as R&D of new vaccines and development. The collaboration focuses to deliver local Foot and Mouth disease vaccines effectively.
On 15thSeptember 2020, Virbac entered in partnership with Ictyogroup to deliver new aquaculture solutions. The company acquired a wide range of tilapia vaccines from Ictyogroup, which enables to distribute, and market registered and autogenous vaccines, globally. The acquisition boosts the global animal parasiticides market in Asia, Africa, and Latin America, due to the presence of a range of tilapia vaccines in the region.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 20 7549 9987.
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Deviating from protocols raises the danger of missing or delaying data collection from current investigations. This highlights the growing importance of digital medicine, which is being aided by advancements in cloud, mobile, and IoT technology.
11 October 2021
High performance HPC and supercomputing technology have evolved substantially in China in the last decades, leading to extraordinary accomplishments. HPC-based and combined pharmaceutical chemical and computational biology computational discovery and design has become a significant technique in drug research and development and is sponsored financially by the Chinese government.
07 October 2021
Many health-care organizations are seeing organic growth at levels that their supply networks were never designed to handle. Others are frantically attempting to integrate diverse technology and procedures as part of a consolidation effort.
06 October 2021
Rise in prevalence of meningitis, increasing initiatives by government and regulatory authorities coupled strong funding support from non-profit organizations is expected to drive the global meningococcal vaccines market