Animal Parasiticides Market - Product Type: Ectoparasiticides, Endoparasiticides, Endectocides; By Animal Type: Companion Animals, Livestock; By End User: Veterinary Hospitals, Veterinary Clinics, Pharmacies, Online Channels; By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
The global animal parasiticides market was valued at USD 9.1 billion in 2023 and is projected to grow at a CAGR of 7.9% through 2031, reaching USD 16.5 billion. This growth is driven by:
Product Segmentation:
Key Parasite Targets:
Growth Drivers
1. Expanding Parasite Threats
2. Pet Humanization Trend
3. Livestock Industry Demands
4. Novel Drug Formulations
Regional Analysis
|
Region |
Market Share |
Key Concern |
|
North America |
38% |
Lyme disease expansion |
|
Europe |
XX% |
Sheep nematode resistance |
|
Asia-Pacific |
XX% |
Canine heartworm epidemic |
|
Latin America |
XX% |
Tropical tick-borne diseases |
|
Middle East and Africa |
XX% |
Content |
Case Study:
Merck's Bravecto reduced tick infestations by 92% in Brazil dogs
Competitive Landscape
Top 5 Players:
Recent Developments:
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