The North America Animal Parasiticides Market was worth USD 1.94 billion in 2016 and estimated to be growing at a CAGR of 5.7%, to reach USD 2.55 billion by 2021. The market shows decent amount of potential for growth during the forecasting period. It is expected to expand with the development in animal healthcare.
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Animal parasiticides are the medicines used for animals to eradicate the parasites present on animals. These substances generally stay inert and are formed mixing different ingredients with each other. Most ingredients in a parasiticide have similar kind of chemical structures and thus have many common characteristics in them. They are often grouped according to their chemical structure. The animal parasiticides are regarded very important for protection of animals from parasitic diseases.
Increase in spending on healthcare of animal, increasing population with pet animals and growing concern for animal products are considered to be the driving factors for growth of North America Animal Parasiticides market. However, increased popularity of vegetarian and vegan lifestyle combined with strict restrictions on the sanctioning of animal parasiticides are some constraints for the growth of North America animal parasiticides market.
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The North America Animal Parasiticides Market is segmented on the basis of Product into Ectoparasiticides and Endoparasiticides. The ectoparasiticides cover Pour-ons, Sprays, Dips, Ear Tags, Collars and Tablets whereas the endoparasiticides cover Edible Liquids, Edible Solids, Injectable and Feed Additives. Further on the basis of Animal type the animal parasiticides are segmented into Food-producing Animals and Companion Animals. The food-producing animals are classified into Cattle, Sheep and Goats, Pigs, Poultry and others. The Companion animals are segmented as Dogs, Cats, Horses and others.
On the basis of geography, the North America market is analysed under the regions namely U.S.A and Canada. The increase in disposable income and people becoming fond of adopting pet animals has led to huge development in the animal healthcare sector of these two regions.
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Some of the major companies dominating the animal parasiticides market to remove the traces of foodborne diseases are Sanofi S.A. (Merial), Ceva Sante Animlae, Virbac SA, Vetoquinol S.A., Eli Lilly and Company, Zoetis Inc., Merck & Co Inc., Bayer AG, Boehringer Ingelheim GmbH and Perrigo Co. plc.-
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