The global veterinary parasiticides market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Veterinary parasiticide are defined as any substance which is delivered as a drug so as to eradicate parasites, whether internal or external to the animal, or the substance that inhibits or impairs the parasites’ growth or reproduction. The major factors attributable to the market growth include the increasing demand for animal derived food products, increasing concerns of zoonotic diseases, increasing investments by private players, regulations for preventing the spread of animal diseases, rising rates of companion animal ownership, and growing expenditure on animal health. After the prevalence of severe animal borne diseases, the concerns for animal health have grown rapidly. This is driving the growth of the veterinary parasiticides market all over the globe.
A full report of Global Veterinary Parasiticides Market is available at:https://orionmarketreports.com/global-veterinary-parasiticides-market/93935/
Although a growing trend toward vegetarianism and prohibitions on the use of parasiticides in food producing animals are likely to hamper the growth of this market during the forecast period. However, the constantly growing global food demand in the form of animal meat and milk products present ample growth opportunities to the global veterinary parasiticides market. For instance, endoparasites, a kind of animal parasite, causes diseases in animals that may prove fatal to their health, results in lowering the meat and milk production. Since this scenario demand to prevent the spread and infection caused by endoparasites among food-producing animals, the demand for veterinary parasiticides is also thereby likely to grow.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Animal Type
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Merck & Co., Inc., Zoetis Inc., and Bayer AG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Veterinary Parasiticides Market Report Segment
By Product Type
- Ectoparasiticides
- Endoparasiticides
- Endectocides
By Animal Type
- Food-Producing Animals
- Companion Animals
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