MARKET INTRODUCTION

Animal parasiticides are chemical substances that remove parasites other than fungi and bacteria in animal livestock, pets, and other animals. Animal parasiticides are generally inert ingredients consisting of one or more than one active ingredient. They aid companion animals who suffer from parasite infections and other zoonotic diseases. Parasiticides improve overall efficiency in protecting the pets from deadly infections caused by arthropods and boost the production of quality meat for consumption. They are used in veterinary medicines used to kill parasites, especially those other than bacteria and fungi. The use of parasiticides has resulted in an improvement in the health of livestock across the globe.

MARKET DYNAMICS

The companion animal parasiticides market has shown a significant evolution over the forecast period. The market is driven mainly by an increasing incidence of parasitic infestation in pets, livestock, and other animals that have created lucrative growth opportunities for the veterinary parasiticides market. The growing demand for animal parasiticides used for better treatment in pets has elevated the use of parasiticide products, thereby benefiting the market growth over the coming years. Rising awareness about animal healthcare, growing concern about zoonotic diseases, and increasing investment in the development of innovative veterinary healthcare products will positively impact business growth. Increasing expenditure on veterinary healthcare and adoption of pets is also a key factor for the rising popularity of animal parasiticides products. With an elevated production by farm animals, parasitic infection increases significantly in developing countries due to suboptimal conditions, ultimately leading to loss of production. However, stringent regulations for approval of animal parasiticides in food-producing animals and the growing preference for a vegetarian lifestyle may hamper the growth of the companion animal parasiticides market during the projected timeline.

MARKET SCOPE

The "Companion Animal Parasiticides Market Analysis to 2027" is a specialized and in-depth study of the pharmaceuticals in the healthcare industry with a specific focus on the global market trend analysis. This report provides an outline of the companion animal parasiticides market with detailed market segmentation by product, animal type, and end-user. The companion animal parasiticides market is expected to witness a high growth during the forecast period. The report intricates on the vital statistics on the market status of the leading players in the companion animal parasiticides market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The market is divided based on product, animal type, and end-user. On the basis of the product, the market is categorized as ectoparasiticides, endoparasiticides, and endectocides. Based on the animal type, the market is segmented as dogs, cats, and others. Based on end-user, the market is segmented as veterinary hospitals and clinics, animal farms, and others.

REGIONAL FRAMEWORK

The report provides a comprehensive outline of the industry, including both qualitative and quantitative information. It provides a sketch and forecast of the companion animal parasiticides market based on various segments. It also consists of market size and forecast estimates from the year 2018 to2027with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The companion animal parasiticides market by each region is later sub-segmented into respective countries and segments. The report comprises of the analysis and forecast of 18 countries globally and the recent trend and opportunities prevailing in the region.

The report analyzes factors affecting the companion animal parasiticides market from both the demand and supply side. Additionally, it assesses market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also covers a precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the companion animal parasiticides market in these regions.

MARKET PLAYERS

The report contains critical developments in the companion animal parasiticides market as organic and inorganic growth strategies. Various firms focus on organic growth strategies like product launches, product approvals, and others, such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the companion animal parasiticides market are anticipated to have profitable growth opportunities in the coming years with the rising demand for companion animal parasiticides in the global market. Given below is the list of few companies engaged in the companion animal parasiticides market.
The report also contains the profiles of key players in the companion animal parasiticides market, along with their SWOT analysis and market strategies. Moreover, the report focuses on leading industry players with information on company profiles, components, and services provided, financial information of the last three years, critical development in the past five years.

- Boehringer Ingelheim International GmbH
- Elanco
- Zoetis
- Merck & Co. Inc.
- Virbac
- Bayer AG (Bayer Healthcare)
- Ceva
- Sanofi (Merial)
- Vetoquinol S.A.
- Perrigo Company plc.