Animal parasiticides refer to materials or mixtures which are used to kill, repel, or manipulate parasites in animals. These parasites can consist of ticks, fleas, lice, mites, and worms, amongst others. The international market for animal parasiticides is considerable, driven by way of the increasing focus approximately animal health and welfare, the rising prevalence of parasitic infections in cattle and associate animals, and the growing call for for animal-derived merchandise. The marketplace for animal parasiticides has been growing progressively over the years and is expected to continue expanding. Factors which includes growing pet possession, growing demand for cattle merchandise, and rising investments in animal healthcare infrastructure contribute to this boom.
Prominent Key Players in the Animal Parasiticides Market:
Bayer AG (Germany), Zoetis Inc. (US), Virbac SA (France), Elanco Animal Health (US), Merck & Co. Inc. (US), Boehringer Ingelheim GmbH (Germany), Bimeda Animal Health (US), Ceva Santé Animale (France), Vetoquinol S.A. (France), PetIQ Inc. (US), Norbrook (Ireland), and other major players.
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Market Dynamics And Factors For The Animal Parasiticides Market
The animal parasiticides marketplace is being pushed especially by using the growing requirements to deal with parasitic illnesses in animals. Since parasitic attacks are recognized to support extreme financial losses, parasiticides are had to hold the fitness of animals. Factors including continuous growth in healthcare spending for animal health, rapidly increasing call for for animal-primarily based foods and upward push in cattle volumes, non-stop increase in puppy adoption levels, and the want to defend against zoonotic diseases are increasing inside the international animal parasiticides market.
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Segmentation of The Animal Parasiticides Market:
By Type
- Ectoparasiticides
- Ectoparasiticides
- Endectocides
By Animal Type
- Companion Animals
- Livestock Animals
By End User
- Animal Farms
- Home Care Settings
- Veterinary Clinics & Hospitals
By Distribution Channels
- Veterinary Hospitals & Clinics
- Pharmacies
- Drug stores
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Market Opportunities:
Introducing the Door to More Digital Health Solutions
Last year, the begin of the COVID-19 pandemic and showing lockdown regulations led to many veterinarians and pet owners thinking about telemedicine answers, thanks to the prevention of some in-individual appointments. And it is notion this will create the door to more tremendous uptake of virtual generation in animal care will assist the boom of the animal parasiticide marketplace. Already, many puppy owners are shopping for wearable gadgets for their animals or the usage of apps to display everyday behavior and determine their four-legged buddy on a deeper degree. As in step with the studies have a look at, 56 percent of pet owners already personal tech just for their pets.
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Key Industry Developments In The Animal Parasiticides Market:
In February 2024, Elanco Animal Health sells its aqua business to Merck Animal Health for $1.3 billion in cash, aiming to prioritize investments in larger markets. CEO Jeff Simmons cites the move as strategic, focusing on high-impact innovation and a robust late-stage pipeline, expecting six potential blockbuster products in the U.S. market by 2025. The sale aims to enhance balance sheet flexibility and accelerate deleveraging, targeting net debt to adjusted EBITDA in the high-3x to low-4x range by 2025.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Animal Parasiticides Market.
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