The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Flea, Tick, And Heartworm Products Global Market Report 2023, the flea, tick, and heartworm products market is expected to show significant growth in the forecast period.

Key insights from the flea, tick, and heartworm products market forecast include:

1. Market Size

The global flea, tick, and heartworm products market is expected to grow from $2.58 billion in 2022 to $2.85 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The market size of flea, tick, and heartworm products is expected to grow to $4.06 billion in 2027 at a CAGR of 9.2%.

2. Major Driver

Increased pet adoption is predicted to drive future growth in the flea, tick, and heartworm products market. According to Petskeen, an online pet guide portal, about 4.1 million animals in shelters will be adopted each year in August 2022. Furthermore, according to a 2021 whitepaper released early in January by the China Pet Industry Association, there would be more than 100.8 million pet dogs and cats in urban areas in 2020, a 10.2 percent increase over 2018 and a 1.7% increase over 2019. As a result, rising pet adoption will propel the flea, tick, and heartworm market throughout the projection period.

View More On The Flea, Tick, And Heartworm Products Market Report 2023 – https://www.thebusinessresearchcompany.com/report/flea-tick-and-heartworm-products-global-market-report

3. Key Trend

Product innovation is a prominent trend in the flea, tick, and heartworm products market. Major firms in the flea, tick, and heartworm products market are advancing in their new technologies and research and development. For example, in August 2022, Virbac, a US-based company, developed IVERRHART MAX, which contains three anthelmintics: ivermectin, pyrantel pamoate, and praziquantel. The chews are available in four sizes in color-coded packages dependent on the weight of the dog. IVERHART MAX Chew has a 96% acceptance rate and cures and controls roundworms, hookworms, and tapeworms, as well as preventing heartworm sickness. One of the ingredients used to prevent heartworms is ivermectin.

4. Largest Region

North America was the largest region in the flea, tick, and heartworm products market in 2022.

5. Major Players

Major players in the food diagnostics market are Advanced PetCare of Northern Nevada, Boehringer Ingelheim International GmbH, CEVA Inc., Chewy Inc., Covetrus Inc., Elanco LLC, Eli Lilly and Company, EntirelyPets, Merck & Co. Inc., Penn Veterinary Supply Inc., Penny Paws, Perrigo Company, Petsburgh Pet Care Inc., Pipestone Veterinary Services, Precious Pet Services Pvt. Ltd., SPC Pet India, The Hartz Mountain Corporation, Virbac Inc., Wellmark International Inc., Zoetis Services LLC, Bayer AG, and Ecto Development Corporation.

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Key Flea, Tick, And Heartworm Products Market Segments
The global flea, tick, and heartworm products market 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

The Flea, Tick, And Heartworm Products Global Market Report 2023  provides an in-depth analysis on the flea, tick, and heartworm products market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the flea, tick, and heartworm products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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