The Veterinary Parasiticides Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Veterinary Parasiticides Global Market Report 2024, The veterinary parasiticides market size has grown strongly in recent years. It will grow from $13.86 billion in 2023 to $14.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to animal health awareness, livestock production, companion animal ownership, zoonotic diseases.
The veterinary parasiticides market size is expected to see strong growth in the next few years. It will grow to $19.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to global food security, emerging zoonotic threats, companion animal care, environmental changes. Major trends in the forecast period include zoonotic disease concerns, flea and tick control innovation, parasiticide safety and environmental concerns, innovative delivery methods.
Animals are increasingly being affected by zoonotic pathogens, which are the leading cause of foodborne diseases worldwide. Zoonotic diseases are infectious diseases caused by bacteria, viruses, and parasites, especially Salmonella and Campylobacter, which can be transmitted directly or indirectly between animals and humans. These diseases get passed through the food chain to humans which is a potential threat and creates a dire need to prevent such diseases among animals. For instance, in December 2022, according to the European Food Safety Authority, an Italy-based independent agency for providing scientific advice on food and feed safety, nutrition, and related issues, in 2021 there were 4,005 foodborne incidents, which is an increase of 29.8% when compared to 2020. The necessity to curb these infections in animals drives the market for veterinary parasiticides.
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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
The veterinary parasiticides market report table of contents includes:
1. Executive Summary
2. Veterinary Parasiticides Market Characteristics
3. Veterinary Parasiticides Market Trends And Strategies
4. Veterinary Parasiticides Market – Macro Economic Scenario
5. Global Veterinary Parasiticides Market Size and Growth
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26. South America Veterinary Parasiticides Market
27. Brazil Veterinary Parasiticides Market
28. Middle East Veterinary Parasiticides Market
29. Africa Veterinary Parasiticides Market
30. Veterinary Parasiticides Market Competitive Landscape And Company Profiles
Top Major Players:
- Bayer AG
- Zoetis Inc
- Boehringer Ingelheim
- Merck & Co. Inc
- Eli Lilly and Company
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