Endoparasiticides Are Expected To Gain Significant Traction Throughout The Forecast Period, Registering A CAGR Of 5.7%

Ectoparasiticides are anticipated to account for more than half of the overall animal parasiticides market during the forecast period. Rise in population of external parasites such as lice, ticks, mites, fleas and flies which feed on animal blood and eventually human cells if ingested, are likely to drive the growth of this segment.

Ectoparasiticides veterinary medicine is gaining immense traction because of this. Moreover, key manufactures of Ectoparasiticides host major conferences to raise awareness about the different ectoparasiticides for dogs, cats and cattle that are inhibiting their growth. Research is on to develop strong anti-parasite formulae. Projected CAGR for Ectoparasiticides is pegged at 6.1%.

Endoparasiticides are expected to gain significant traction throughout the forecast period, registering a CAGR of 5.7%. An increase in worm control measures in companion animals by key players is likely to boost the growth of Endoparasiticides.

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North America is set to dominate the global animal parasiticides market throughout the forecast period. Increasing investment in animal health space, particularly in the companion animal therapeutics sector, is a key growth catalyst for North America. The region is estimated to account for three-tenth of the total market share, expanding at a CAGR of 5.6%.

This newly published and insightful report sheds light on Market Insights of Ectoparasiticides, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Ectoparasiticides Market.

The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in global animal parasiticides market across the globe.

A comprehensive estimate on global animal parasiticides market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of global animal parasiticides market during the forecast period. Price point comparison by region with global average price is also considered in the study.

Global animal parasiticides market: Analysis on market size evaluation

Global animal parasiticides market has been analyzed for each market segment, in terms of value (US$ Mn).

Market estimates at global and regional levels for animal parasiticides is available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent global animal parasiticides Market segments, along with market attractiveness evaluation has been incorporated in the report.

Global animal parasiticides market: Inspected assessment on regional segments

Key sections have been elaborated in the global animal parasiticides report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (economic and business environment outlook), which are expected to have a momentous influence on the growth of global animal parasiticides market during the forecast period.

Country-specific valuation on demand for animal parasiticides has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Global animal parasiticides market: In-depth analysis on competitive landscape

The report sheds light on the leading manufacturers of animal parasiticides along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of animal parasiticides, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit the report readers to take preemptive steps in advancing their businesses.

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Global animal parasiticides market segmentation

Fact.MR has studied the global animal parasiticides market with detailed segmentation on the basis of product, species and regions.

Product

  • Ectoparasiticides:
    • Oral Tablets
    • Dips
    • Spray
    • Spot-on
    • Others
  • Endoparasiticides:
    • Oral Suspension
    • Injectable
    • Feed Additives
    • Others
  • Endectocides

Species

  • Food-Producing Animals:
    • Cattle
    • Poultry
    • Swine
    • Others
  • Companion Animals:
    • Dogs
    • Felines
    • Others
  • Other Livestock

Regions

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Latin America
  • Middle East & Africa (MEA)

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”

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COVID-19 Impact Insights

While human to human transmission of the COVID-19 virus is confirmed, there is limited evidence about the virus infecting animals. There is a possibility for domestic animals to be infected by the virus through close contact with infected humans.

This is anticipated to have significant ramifications for animal care and welfare. Studies are underway to better understand the susceptibility of different animal species to the COVID-19. While there is no concrete evidence, patients are advised to avoid any kind of contact with animals as a precaution.

With respect to production, leading players have ensured that their supply chains are not disrupted. Zoetis, Inc., for instance, has reported no direct impact to its supply of anti-parasitic drugs. The company is closely monitoring the situation and has taken a number of proactive steps.

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