Global Veterinary Parasiticides Market Growth Analysis 2024, Forecast To 2033
22 Jan, 2024
The veterinary parasiticides market has witnessed strong growth, escalating from $13.86 billion in 2023 to $14.81 billion in 2024, reflecting a 6.8% CAGR. Historical drivers include increased awareness of animal health, growing companion animal ownership, and concerns about zoonotic diseases. Projections indicate continued growth, reaching $19.09 billion by 2028, exhibiting a 6.6% CAGR. Anticipated drivers include global food security, emerging zoonotic threats, and innovations in flea and tick control.
Global Veterinary Parasiticides Market Key Driver
Zoonotic pathogens affecting animals drive the demand for veterinary parasiticides, given the potential threat of foodborne diseases globally. Zoonotic diseases, transmitted between animals and humans, pose significant risks. Instances such as the European Food Safety Authority reporting a 29.8% increase in foodborne incidents in 2021 underscore the need for preventing these infections. The market for veterinary parasiticides is propelled by the imperative to curb the spread of zoonotic diseases among animals, contributing to global food safety.
Get A Free Sample Of The Global Veterinary Parasiticides Market ReportGlobal Veterinary Parasiticides Market Segments
The veterinary parasiticides market covered in this report is segmented –
1) By Type: Endoparasiticides, Ectoparasiticides, Endectocides
2) By Product: Oral Liquids, Tablets, Injectables, Sprays, Other Products
3) By Application: Farm Animals, Companion Animals
4) By End Users: R&D Facilities, Farms, Veterinary Clinics
By Geography: The regions covered in the veterinary parasiticides market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
North America was the largest region in the veterinary parasiticides market in 2023. Asia-Pacific was the second-largest region in the veterinary parasiticides market. The regions covered in the veterinary parasiticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Veterinary Parasiticides Industry Players
Bayer AG, Zoetis Inc., Boehringer Ingelheim, Merck & Co. Inc., Eli Lilly and Company, virology and bacteriology, Ceva Animal Health, Merial Inc., Perrigo Company, Vetoquinol India Animal Health Pvt Ltd., Intas Pharmaceuticals Ltd., Perrigo Company, Eli Lilly and Company, Dechra Pharmaceuticals plc, Lillidale Ltd., Phibro Animal Health Corporation, Bovian Health Care Pvt. Ltd., Sanofi SA, Novartis AG, Oceanic Pharmachem, IDEXX Laboratories Inc., Covetrus Inc., Norbrook Laboratories Limited, Bimeda Holdings PLC, PetIQ Inc., Heska Corporation, Neogen Corporation, Kyoritsu Seiyaku Corporation, Nexvet Biopharma plc, Kepro Technologies Private Limited, ECO Animal Health Group plc, Bioniche Animal Health Canada Inc., Bioiberica S.A., Laboratorios Hipra S.A., Norbrook Laboratories Limited
Get The Full Global Veterinary Parasiticides Market Report
Veterinary Parasiticides Market Overview
Veterinary parasiticides refer to the class of animal medications that eliminate parasites by inhibiting the activity of acetylcholinesterase to treat pets, livestock, and other animals from diseases caused by helminths, amoeba, ectoparasites, parasitic fungi, protozoa, and other parasites to improve the animals’ health.
Veterinary Parasiticides Global Market Report 2023 provides data on the global veterinary parasiticides market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The veterinary parasiticides market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.