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World Animal Parasiticides Market - Opportunities and Forecasts, 2017 - 2023

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    Report

  • September 2019
  • Region: Global
  • Allied Market Research
  • ID: 3773285
Animal parasiticide is a substance used in veterinary medicines that are used to kill parasites,especiallythose other than bacteria and fungi. The use of parasiticides has resulted in an improvement in the health of livestock across the globe. Growing awarenessregarding zoonotic diseases, increase in the number of animal welfare acts and increasing number of government initiatives drives the growth of the animal parasiticides market. The animal parasiticides market is growing tremendously due to the increasing trend of pet adoption amongst people in developed as well as developing economies. However, the cost associated with animal parasiticides products, heavy expenditure on R & D for new product development and stringent regulatory policies related to the approval of animal parasiticides are factors that are adversely affecting the growth of the market.

The animal parasiticides market is segmented based on product types such as Endoparasiticides, Ectoparasiticides and Endectocides. Endoparasiticides is ananti-parasitic drug that is used in the treatment of endoparasiticides infections,that is, internal infections. It includes oral liquids & tablets and injectables. Ectoparasiticidesare drugs used for the treatment of external body surface infections. They include sprays, pour on and spot on. Endoparasiticides hold the dominant share in the market followed by ectoparasiticides. The market is further segmented based on the type of animals such as dogs, cats, cattles, pigs, sheeps and goats. According to geography, the market is segmented into North America, Europe, Asia Pacific and LAMEA. Europe holds the dominant share in the market followed by North America. The growing trend of animal adoption and increasing animal healthcare expenditure are the factors responsible for the growth of the European and North American market. However, the Asia Pacific market is expected to grow at a faster rate due to the growing livestock and companion animal population and increasing expenditure on animal healthcare. The key players in the market are Novartis AG, Bayer AG, Eli Lilly, Merck Co, ZoetisInc, and Sanofi.

Key benefits

In-depth analysis of various regions would provide a clear understanding of current and future trends so that companies can make region specific plans
Comprehensive analysis of the factors that drive and restrict the growth of the animal parasiticides market is provided
Key regulatory guidelines in various regions which impact the animal parasiticides market are critically examined
Quantitative analysis of the current market and estimations through 2013-2020 are provided to showcase the financial caliber of the animal parasiticides market
Deep dive analysis of various regions provides insights that would enable companies to plan their business moves strategically
Value chain analysis in the report gives a clear understanding of the roles of the stakeholders involved in the supply chain of the animal parasiticides market

Market Segmentation

The animal parasiticides marketis segmented based on product type, types of animal and geography.

By Product Type

Endoparasiticides

Oral

Liquids
Tablets

Injectables

Ectoparasiticides

Sprays
Pour On
Spot On

Endectocides
Others

By Types Of Animal

Dogs
Cats
Cattle
Pigs
Sheep
Goats
Others

By Geography

North America
Asia Pacific
Europe
LAMEA

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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