(PharmaNewsWire.Com, September 12, 2017 ) The Middle East and Africa Animal Parasiticides Market was worth USD 701 million in 2016 and estimated to be growing at a CAGR of 5.55%, to reach USD 916.17 million by 2021. The market shows significant growth potential in the aforementioned period. It will continue to gain momentum in future years with the gradual increase in awareness about animal health.
Animal parasiticides are the special medicines to treat animals which are infected by parasites. They are generally inert substances which are mixed together. Most ingredients of a parasiticide have same kind of chemical structures and share many features. Many a times, they are classified according to the chemical families. The animal parasiticides are considered very important for protection of animals from parasitic diseases.
Increasing amount of capital spent on the healthcare of animal as well as growing trend of adopting pet animals are the drivers for growth of Middle-East and Africa Animal Parasiticides market. Also, the increasing awareness about meat quality and other animal products has led to a lot of development in the animal healthcare sector. However, rise in the population of vegetarians and vegans as well as strict restrictions imposed on the approval of these medicines are the major challenges faced by Middle-East and Africa animal parasiticides market.
The Middle-East and Africa Animal Parasiticides Market[CI1] is segmented on the basis of Product into Ectoparasiticides and Endoparasiticides. The ectoparasiticides cover Pour-ons, Sprays, Dips, Ear Tags, Collars and Tablets whereas the endoparasiticides cover Edible Liquids, Edible Solids, Injectable and Feed Additives. Further on the basis of Animal type the animal parasiticides are segmented into Food-producing Animals and Companion Animals. The food-producing animals are classified into Cattle, Sheep and Goats, Pigs, Poultry and others. The Companion animals are segmented as Dogs, Cats, Horses and others.
On the basis of geography, the Middle-East and Africa market is analysed under the two regions namely Middle-east and Africa. These countries are experiencing a stabilization in the economy over the past few years and will continue to do so in the future, thus leading to increase in development and awareness of animal healthcare.
Some of the major companies that are coming up with innovative products in the animal parasiticides market to remove the traces of foodborne diseases are Sanofi S.A. (Merial), Ceva Sante Animlae, Virbac SA, Vetoquinol S.A., Eli Lilly and Company, Zoetis Inc., Merck & Co Inc., Bayer AG, Boehringer Ingelheim GmbH and Perrigo Co. plc.
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
