Veterinary Parasiticides Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Veterinary parasiticides refer to the class of animal medications that eliminate parasites by inhibiting the activity of acetylcholinesterase to treat pets, livestock, and other animals from diseases caused by helminths, amoeba, ectoparasites, parasitic fungi, protozoa, and other parasites to improve the animals’ health.

Sizing and Forecast
The veterinary parasiticides market size has grown strongly in recent years. It will grow from <b>$13.86 billion in 2023 to $14.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. </b> 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 <b>$19.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. </b> 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.

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Segmentation & Regional Insights
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

<b>North America</b> was the largest region in the veterinary parasiticides market in 2023. <b>Asia-Pacific</b> was the second-largest region in the veterinary parasiticides market. The regions covered in the veterinary parasiticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the veterinary parasiticides market include <b>Bayer AG, Zoetis Inc., Boehringer Ingelheim, Merck & Co. Inc., Eli Lilly and Company, virology and bacteriology, Ceva Animal Health, Merial Inc., Perrigo Company, Vetoquinol India Animal Health Pvt Ltd., Intas Pharmaceuticals Ltd., Perrigo Company, Eli Lilly and Company, Dechra Pharmaceuticals plc, Lillidale Ltd., Phibro Animal Health Corporation, Bovian Health Care Pvt. Ltd., Sanofi SA, Novartis AG, Oceanic Pharmachem, IDEXX Laboratories Inc., Covetrus Inc., Norbrook Laboratories Limited, Bimeda Holdings PLC, PetIQ Inc., Heska Corporation, Neogen Corporation, Kyoritsu Seiyaku Corporation, Nexvet Biopharma plc, Kepro Technologies Private Limited, ECO Animal Health Group plc, Bioniche Animal Health Canada Inc., Bioiberica S.A., Laboratorios Hipra S.A., Norbrook Laboratories Limited</b>

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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31. Global Veterinary Parasiticides Market Competitive Benchmarking

32. Global Veterinary Parasiticides Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Veterinary Parasiticides Market

34. Veterinary Parasiticides Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Bayer AG

Zoetis Inc

Boehringer Ingelheim

Eli Lilly and Company

virology and bacteriology

 

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