Albany, NY -- (SBWIRE) -- 02/10/2017 -- The Asia Pacific, Latin America, and Rest of the World veterinary antiseptics market will rise in value from US$243.0 mn in 2014 to an estimated US$401.6 mn by the end of 2023, predicts Transparency Market Research. In a latest report launched by the business intelligence firm, the Asia Pacific, Latin America, and Rest of the World veterinary antiseptics market will post a CAGR of 5.6% between 2015 and 2023. The report is titled, "Veterinary Antiseptics Market: Asia Pacific, Latin America, and Rest of the World - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023."
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Antiseptic compounds and substances that are applied topically to contain or prevent sepsis, infection, or putrefaction are known as antiseptics. These products help cleanse the skin and wound surfaces making them vital to surgical procedures, disinfecting oral cavities, and preparing the skin prior to administering injected drugs. In animals too, the use of antiseptics is vital because it safeguards them against infectious diseases.
The veterinary antiseptics market in Asia Pacific, Latin America, and Rest of the World can be segmented on the basis of products into the following segments: chlorhexidine, iodine and iodophors, hydrogen peroxide, alcohol, and others. The most commonly used antiseptics in veterinary care are iodophors and iodine. Iodophors help provide sustained release of antiseptics by acting as a carrier of iodine. When the two substances are used as a compound, they provide improve efficacy against viruses and bacteria.
Chlorhexidine, on the other hand, is widely used in keeping horses, dogs, cows, sheep, and poultry animals free of infections. Chlorhexidine is used when a non-irritating antiseptic is desired. However, the major drawback of chlorhexidine is that it has limited efficacy against mycobacterium and fungi. Despite this, it is used widely in the veterinary industry to treat minor conditions such as insect stings, superficial cuts, and abrasions. Yet, due to some other disadvantages of this antiseptic (such as desensitization of taste buds, staining of the pellicle, etc.), its uptake in the global veterinary antiseptics market will be restricted. This restricts chlorhexidine from emerging as the largest segment in the market, and it thus stands as the second-largest product segment in Asia Pacific, Latin America, and Rest of the World.
By species, the market for veterinary antiseptics in the aforementioned regions is segmented into: bovine, ovine, porcine, canine, equine, camelidae, and feline. The report states that the bovine segment represents the largest segment of the veterinary antiseptics market in Latin America, Asia Pacific, and Rest of the World. The need to ensure the good health of animals to maintain a high quality of their produce has caused a gradual uptick in the demand for veterinary antiseptics.
From the regional standpoint, the report identifies India as a high-potential market for veterinary antiseptics. The expanding livestock industry in the region and the rising trend of companion animals has caused the demand for veterinary antiseptics to increase. After India, Japan stands as the second-largest market for veterinary antiseptics in Asia Pacific, Latin America, and Rest of the World.
Read the Current Market Information of Veterinary Antiseptics at: http://www.transparencymarketresearch.com/veterinary-antiseptics-market.html
The leading players in the veterinary antiseptics market in Asia Pacific, Latin America, and Rest of the World are: Bayer AG, Elanco Animal Health, Inc., Continental Manufacturing Chemist, Inc., M.B.D. Marketing (S) Pte Ltd., Indian Immunologicals Ltd., Vallée S.A., Merck Animal Health, and Zoetis, Inc.
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