The animal parasiticides market was valued at US$9.562 billion in 2018 and is anticipated to grow at a CAGR of 5.48% to reach a market size of US$13.172 billion by 2024. The market is expected to witness lucrative growth due to the significant increase in the expenditure on animal health along with the rising adoption of pets. Increasing awareness about the animal transmitted disease and rising initiatives by the government and animal welfare association works as the driving force for the growth of the market. However stringent regulatory policies related to the approval of animal parasiticides are restraining the growth of the market.
Geographically, North America is expected to hold a significant market share owing to the highest health expenditure of the United States in addition to effective disease management owing to the pet adoption on a large scale.
The Animal Parasiticides Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by product type, by animal type, and by geography.
The animal parasiticides market has been segmented based on product type, animal type, and geography. Based on product type, the market has been segmented into ectoparasiticides, endoparasiticides, and endectocides. On the basis of animal type, the market has been segmented into companion animals and agricultural animals (animal husbandry).
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa (MEA), and the Asia Pacific regions. The report also analyzes 15 major countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the animal parasiticides market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the animal parasiticides market.