Global Veterinary Parasiticides Market Size
Veterinary Healthcare

How Will The Veterinary Parasiticides Market Globally Expand In 2023?

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

The Business Research Company’s veterinary parasiticides market report forecasts the veterinary parasiticides market size to grow to $15.51 Billion by 2027, with a CAGR (compound annual growth rate) of more than 4%.

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Veterinary Parasiticides Market Size Forecast

The global veterinary parasiticides market is expected to grow from $12.24 billion in 2022 to $12.93 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global veterinary parasiticides market size is expected to grow to $15.51 billion in 2027 at a CAGR of 4.7%.

North America held the largest veterinary parasiticides market share.

Key Veterinary Parasiticides Market Driver ­– Increase In Necessity To Curb These Infections In Animals

According to the FDA, in 2020, about 128,000 hospitalizations and 3,000 deaths were reported in America due to foodborne illness. The necessity to curb these infections in animals drives the market for veterinary parasiticides.

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Key Veterinary Parasiticides Market Trend – Adopting Chewable Tablets

Chewable tablets are being used to prevent animals from being affected by ticks, worms, fleas, and others. Treatments with these tablets are easier to administer. The chewable tablets are available in either a beef-flavored tablet or soft chew. For instance, the IVERHART MAX chewable tablets protect dogs from the 4 most common worms: heartworms (infection caused by the bite of an infected mosquito), roundworms, hookworms (affects the intestines), and tapeworms (caused by ingesting an infected flea). Such advances in technology are significantly driving the veterinary parasiticides industry.

Veterinary Parasiticides Market Segment

1) By Type: Endoparasiticides, Ectoparasiticides, Endectocides

2) By End Users: R&D Facilities, Farms, Veterinary Clinics

3) By Product: Oral Liquids, Tablets, Injectables, Sprays, Other Products

4) By Application: Farm Animals, Companion Animals

Veterinary Parasiticides Market Major Players and Strategies

Major players in the veterinary parasiticides market are Bayer AG, Zoetis, Boehringer Ingelheim, Merck, Eli Lilly and Company, Virbac, Ceva Animal Health, Inc., Merial, Perrigo Company, and Vetoquinol, and Intas Pharmaceuticals Ltd.

The Veterinary Parasiticides Global Market Report 2023 covers regional data on veterinary parasiticides market size, veterinary parasiticides market trends and drivers, opportunities, strategies, and veterinary parasiticides market competitor analysis. The countries covered in the veterinary parasiticides 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.

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.

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