(PharmaNewsWire.Com, January 17, 2018 ) According to the report Animal Parasiticides Market, published by Market Data Forecast, the Global market was worth USD 8.23 billion in 2017 and estimated to be growing at a CAGR of 5.75%, to reach USD 10.90 billion by 2022.
Animal parasiticides are the medicines that are used to remove all the parasites with the only exception ions being fungi and bacteria present in animals. Most of these parasiticides contain ingredients that have identical chemical structures and therefore share some features. The animal parasiticides are very important for protection against parasitic diseases.
Animal Parasiticides Market: Drivers & Restraints Factors such as Escalating expenditure on animal healthcare and growing domestication of companion animals coupled with the surging number of livestock animals for production of food in developing economies is resulting in the demand for animal healthcare products thus driving the market growth. Be that as it may, rising popularity for vegan diet coupled with stringent government regulations regarding animal parasiticides are the key factors hindering the market growth.
Animal Parasiticides Market: Segmentation By Product Ectoparasiticides Endoparasiticides By Animal Type Food-Producing Animals Companion Animals By Geography North America Europe Asia-Pacific Latin America Middle East & Africa
Animal Parasiticides Market: Overview As of 2017, Europe led the market for Animal Parasiticides in terms of revenue followed by North America and Asia Pacific. Moreover, Asia pacific is anticipated to register the highest CAGR in the coming years.
Animal Parasiticides Market: Key Players 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, Ceva Sante Animale, Virbac, Vetoquinol S.A., Eli Lilly and Company, Zoetis Inc., Merck and Co. Inc., Bayer AG, Boehringer Ingelheim, and Perrigo Company plc.
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