Research Methodologies Followed in The Study:
Various secondary sources such as the World Health Organization (WHO), International Federation for Animal Health (IFAH), Animal Health Institute (AHI), and American Pet Products Association (APPA), alongside the annual reports, press releases, and filings of market players, have been used to identify and collect information useful for this market study.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include CEOs, consultants, subject-matter experts, directors, general managers, developers, and other key opinion leaders of companies that offer animal parasiticides.
Primary research was conducted to identify segmentation types, industry trends; animal types; key players; key market dynamics such as drivers, opportunities, challenges; and key player strategies.
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# Veterinary hospitals and clinics
# Veterinary research institutes
# Animal health companies
# Animal farms
# Government associations
# Market research and consulting firms
# Venture capitalists and investors
# In February 2020, Zoetis launched Simparica Trio, a parasiticide for dogs with, or at risk from, mixed external and internal parasitic infestations.
# In February 2020, Elanco signed an agreement with Merck Animal Health to divest its worldwide rights for Vecoxan, used for the prevention and treatment of coccidiosis in calves and lambs.
# In February 2020, Vetoquinol acquired rights to Profendor and Drontal (parasiticides for companion animals offered by Elanco) for the European Economic Area and the UK.
# In August 2019, Boehringer Ingelheim opened a Health Management Center in China.
North America dominated the animal parasiticides market in 2019
North America accounted for the largest share of the animal parasiticides market in 2019, followed by Europe and the Asia Pacific. High pet spending,increased awareness about animal health, and the growing companion animal population are the major factors responsible for the large share of North America in the animal parasiticides market.
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Key Questions Addressed in the Report:
# Which are the top 10 players operating in the animal parasiticides market?
# What are the drivers, restraints, opportunities, and challenges impacting the market?
# What are the prevailing industry trends?
# What is the current scenario of the animal parasiticides market?
# How is the animal parasiticides market performing in different regions across the globe?
The global animal parasiticides market is fragmented, with many regional and global players vying for larger market shares. Bayer AG (Germany), Boehringer Ingelheim (Germany), Elanco (US), Zoetis (US), Merck (US), and PetIQ (US) are the major players in this market.