The global veterinary parasiticides market was valued at USD 2.4713 million in 2016 and is projected to reach USD 4.19 million by 2021, at a CAGR of 11.16% during the forecast period from 2016 to 2021.
Global Veterinary Parasiticides Market- Market Dynamics
Veterinary pharmaceuticals, including parasiticides, have transformed the health of companion and livestock animals across the globe over the past two decades. Today, the spectrum of parasiticides for veterinary applications continues to expand with a variety of ectoparasiticides, endoparasiticides, and endectocides that are launched every year. Constant innovations are leading to the emergence of novel parasiticide delivery systems as well in this market.
Some of the key factors driving the market towards growth are:
Some of the factors restraining the market are:
The global veterinary parasiticides market can be segmented on the basis of disease-causing organisms into Ectoparasiticides (fleas, lice, mites) and Endoparasiticides (gastrointestinal nematode, heartworms, lungworms). By products, the market can be segmented into oral liquids, tablets, injectables, sprays, pour on, spot on, collars, and ear tags. By species, the market can be further classified into companion animals (dogs, cats, horses, and others) and farm animals (cattle, swine, poultry, fish, and sheep). Lastly, by geography, the market can be divided into North America (US, Canada, Mexico), Europe (France, Italy, Germany, Spain, Sweden, Rest of Europe), and Asia-Pacific (China, Japan, India, Rest of Asia-Pacific).
Some of the key players in the market are:
Key Deliverables in the Study