Sarasota, FL -- (SBWIRE) -- 11/10/2017 -- Animal Parasiticide Market: Overview

The animal parasiticide is influenced by the government initiatives that are taken and the growing number of the animal welfare programs. The animal parasiticide is also alternatively known as a veterinary parasiticide. They are the products that destroy the parasiticide that infests upon the livestock, pets, and other animals. Different parasiticide has their own features which determine its suitability.

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Animal Parasiticide Market: Facts

The addition of the Eliminall was announced by the Pfizer Animal Health. The product was added to the portfolio of parasiticide products. The Eliminall contained fipronil which is a molecule that is active against both ticks and fleas.

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Animal Parasiticide Market: Segmentation

The global animal parasiticide market is fragmented into its product type and the animal type. On the basis of the type of the product, the market is segregated into ectoparasiticides and endoparasiticides. The endoparasiticides segment is segmented into endectocides and collars. The ectoparasiticides segment is categorized into injectable, tablets/pills, additives, drenches, and others. On the basis of the animal type, the animal parasiticide market is categorized into food-producing animals and companion animal.

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Animal Parasiticide Market: Growth Factors

The growing importance of the animal healthcare coupled with the government regulations is increasing the demand for the animal parasiticide. The other factors that are driving the growth of the global market are the growing number of animal livestock in the developing regions, advancements in the parasiticide products, new innovations offered by the market players, the implementation of the welfare acts in both developing and developed regions, and the increasing adoption of the pet animals such as cats and dogs. The rise in the awareness among the people and the growth rate of the GDP in some of the regions along with the increased per capita expenditure on the animal medical products are the reasons that are positively impacting the growth of the animal parasiticide market. The factors that are limiting the growth of the market are the increased spending on the research and development activities, stringent rules required for the approvals of the animal parasiticides, and the rise in the number of the parasites.

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Animal Parasiticide Market: Regional Analysis

The dominant position in the animal parasiticide market is held by Europe owing to the rise in the number of pet animals and the growing awareness among the people regarding the well being of the animal health. The region that is following Europe is the North America. The animal parasiticide market is experiencing a rapid growth in Asia Pacific region owing to the increasing adoption of the pet animals by the people. The market has good opportunities in the Latin American region.

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Animal Parasiticide Market: Competitive Players

The key market players that are involved in the animal parasiticide market include Bayer AG, Eli Lilly and Company, Ceva Sante Animlae, Virbac SA, Zoetis, Inc, Novartis AG, Merck & Co., Inc., Boehringer Ingelheim, and Vetoquinol.

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