Understanding the Veterinary Parasiticides Market’s Growth Prospects from 2024 to 2033
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What is the Expected Growth Rate of the Veterinary Parasiticides Market from 2024 to 2033?
The veterinary parasiticides market will rise from $13.86 billion in 2023 to $14.81 billion in 2024, growing at a CAGR of 6.8%. This growth is attributed to increased awareness of animal health, expanding livestock production, the growing pet ownership, and the prevalence of zoonotic diseases.
The veterinary parasiticides market is expected to see steady growth, reaching $19.09 billion by 2028, at a CAGR of 6.6%. Growth is attributed to global food security, zoonotic threats, companion animal care, and environmental changes. Major trends include flea and tick control, parasiticide safety, and innovative delivery methods.
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What Key Factors Are Fueling the Growth of the Veterinary Parasiticides Market?
The growing incidence of zoonotic diseases is driving demand for veterinary parasiticides. Zoonotic diseases, such as Salmonella and Campylobacter, which can be transmitted from animals to humans through the food chain, pose a significant public health risk. To curb these infections, there is increasing demand for veterinary parasiticides to protect both animal and human health.
What Are the Major Segments of the Veterinary Parasiticides Market?
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
What New Trends Are Transforming the Veterinary Parasiticides Market?
Chewable tablets are being widely used to prevent tick, worm, and flea infestations in animals due to their ease of administration. For example, IVERHART MAX chewable tablets protect dogs from common worms like heartworms, roundworms, hookworms, and tapeworms, significantly contributing to the growth of the veterinary parasiticides market.
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Which Regions Are Driving Growth in the Veterinary Parasiticides Market?
North America was the largest region in the veterinary parasiticides market in 2023. Asia-Pacific 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
The Veterinary Parasiticides Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the veterinary parasiticides market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Veterinary Parasiticides Market Include
1. Veterinary Parasiticides Market Executive Summary
2. Veterinary Parasiticides Market Segments
3. Veterinary Parasiticides Market Size And Template Market Growth Rate
4. Key Veterinary Parasiticides Market Trends
5. Major Veterinary Parasiticides Market Drivers
……
25. Key Mergers And Acquisitions In The Veterinary Parasiticides Market
26. Top Veterinary Parasiticides Companies
27. Veterinary Parasiticides Market Opportunities And Strategies
28. Veterinary Parasiticides Market, Conclusions And Recommendations
29. Appendix
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