Objectives of the Study:

# To define, describe, segment, and forecast the global Animal Parasiticides Technology Research Market by type, animal type, end user, and region

# To forecast the size of the animal parasiticides market with respect to the five key regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa

# To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

# To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market

# To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

# To profile the key players in the global animal parasiticides market and comprehensively analyze their core competencies.

# To track and analyze competitive developments such as mergers and acquisitions; agreements, partnerships, and collaborations; service launches; and expansions of key players in the global animal parasiticides market

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Research Methodology Followed:

Top-down and bottom-up approaches were used to validate the size of the global Animal Parasiticides Technology Research Market and dependent submarkets. Various secondary sources such as directories, industry journals, databases, and annual reports of companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both the supply and demand sides have been interviewed to obtain and validate information as well as assess the dynamics of this market.

Expected Revenue Surge:

The global animal parasiticides market is projected to reach USD 13.7 billion by 2025 from USD 9.7 billion in 2020, at a CAGR of 7.2 % during the forecast period. Market growth can be attributed to the growing population of companion animals, rising demand for animal-derived food products, growing concerns of zoonotic diseases, rising animal pet expenditure, and increasing investments from private players.

Recent Developments in Global Animal Parasiticides Market:

# 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 will continue to dominate the market during the forecast period

Geographically, the global animal parasiticides market has been segmented into five major regional segments—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2019, North America accounted for the largest share of the market in 2019, followed by Europe and the Asia Pacific. North America’s leading position is primarily due to the rising pet expenditure, the growing population of companion animals, and the increasing consumption of animal-derived food products.

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Key Questions Addressed in the Report

# Which are the top 10 players operating in the Animal Parasiticides Technology Research 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?

Key Market Players:

The prominent players in the global Animal Parasiticides Technology Research Market are Boehringer Ingelheim (Germany), Elanco (US), Zoetis (US), Merck (US), and Virbac (France).

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