(PharmaNewsWire.Com, June 15, 2017 ) According to Publisher, the Global Animal Parasiticides market is accounted for $8.16 billion in 2015 and is expected to reach $12.87 billion by 2022 growing at a CAGR of 6.7%. Increasing awareness among people about zoonotic disease and rising adoption of pet animals largely across the globe has made a way for the global animal parasiticide market. With the rise in animal health expenditure, animal-derived food products and animal research along with growing research grants, the market is fueling up. However, preferential adoption of vegetarian diets, stringent approval process for animal Parasiticides and restriction on the use of Parasiticides in food-producing animals are restraining the market to a certain extent.
Pour-on and Spot-on segment accounted for the largest market share attributing to its formulations in animal parascitides and growing popularity. The dominant market share is swallowed by Europe followed by North America, owing to increasing awareness about animal diseases, growing number of veterinary practitioners and their income levels, and rising demand for animal-derived food products. Moreover, Asia Pacific is expected to be the fastest growing market owing to rise in livestock population and increasing pet adoption.
Some of the key players of the Animal Parasiticides market include Bayer AG, Boehringer Ingelheim, Ceva Sante Animale, Elanco, ELI Lilly and Company, Merck & Co., Inc., Novartis AG, Perrigo Company PLC, Sanofi, Vetoquinol S.A., Virbac SA and Zoetis, Inc..
Animal types Covered: - Food-Producing Animals o Cattle o Fish o Pigs o Poultry o Sheep and Goats o Other Food-Producing Animals - Companion Animals o Dogs o Cats o Horses o Other Companion Animals
Disease causing organisms Covered: - Endoparasiticides o Heartworms o Lungworms o Gastrointestinal nematode - Ectoparasiticides o Fleas o Mites o Lice
Product Types Covered: - Endoparasiticides Products o Oral Liquids o Injectables o Oral Solids Dosage Forms (Tablets, Pills, and Granules) o Feed Additives o Other Endoparasiticide Products - Endectocides Products - Ectoparasiticides Products o Pour-on and Spot-on o Sprays o DIPS o Ear Tags o Collars o Oral Tablets o Other Ectoparasiticide Products
Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt
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