The Flea, Tick, And Heartworm Products 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 (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Flea, Tick, And Heartworm Products, The flea, tick, and heartworm products market size has grown rapidly in recent years. It will grow from $2.9 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to increasing pet ownership, awareness of pet health, advancements in veterinary medicine.
The flea, tick, and heartworm products market size is expected to see rapid growth in the next few years. It will grow to $4.97 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to rising veterinary expenditure, global pet population growth, e-commerce growth, climate change impact. Major trends in the forecast period include product innovations, collaborations and partnerships, customization and personalization, e-commerce dominance, technological integration.
Increasing pet adoption is expected to propel the growth of the flea, tick, and heartworm products market going forward. Pet are being adopted as increasing number of the young population are considering them as part of their family, some owners are adopting them for their compassion, loyalty and to prevent loneliness. More clinical care and medications would be needed as pet adoption increased, which would drive the flea, tick, and heartworm products market. According to the report by Petskeen, an online pet guide platform, in August 2022 every year, almost 4.1 million animals in shelters are adopted. Therefore, increasing pet adoption will drive the flea, tick, and heartworm market in the forecasting period.
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The flea, tick, and heartworm products market covered in this report is segmented –
1) By Product: Spray, Oral Pills or Chewable, Powder, Spot On, Shampoo, Other Products
2) By Animal Type: Canine, Feline, Other Animal Types
3) By Distribution Channel: Veterinary Clinics, Retail, E-commerce
Product innovation is a key trend gaining popularity in the flea, tick, and heartworm products market. Major companies in the flea, tick, and heartworm products market are advancing in their new technologies and research and developments in the flea, tick, and heartworm products market. For instance, in August 2022, Virbac, an a US-based company introduced IVERRHART MAX, Ivermectin, pyrantel pamoate, and praziquantel are the three anthelmintics included in IVERHART MAX Chew. Dogs can administer the chews orally in four sizes with color-coded packages based on their weight. IVERHART MAX Chew, which contains ivermectin, pyrantel pamoate, and praziquantel, has a 96% acceptance rate and cures and controls roundworms, hookworms, and tapeworms in addition to preventing heartworm illness. Ivermectin is one of the ingredients that prevents heartworms.
The flea, tick, and heartworm products market report table of contents includes:
1. Executive Summary
2. Flea, Tick, And Heartworm Products Market Characteristics
3. Flea, Tick, And Heartworm Products Market Trends And Strategies
4. Flea, Tick, And Heartworm Products Market – Macro Economic Scenario
5. Global Flea, Tick, And Heartworm Products Market Size and Growth
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26. South America Flea, Tick, And Heartworm Products Market
27. Brazil Flea, Tick, And Heartworm Products Market
28. Middle East Flea, Tick, And Heartworm Products Market
29. Africa Flea, Tick, And Heartworm Products Market
30. Flea, Tick, And Heartworm Products Market Competitive Landscape And Company Profiles
Top Major Players:
- Advanced PetCare of Northern Nevada
- C. H. Boehringer Sohn AG & Co. KG
- Chewy Inc
- Ceva Animal Health Inc
- Covetrus Inc
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