Animal Parasiticides Market is Projected to Surpass US$ 8,963.9 Mn by 2026; Zoonotic Infection and Adoption Rate of Companion & Food-producing Animals Likely to Fuel Market - TMR - Seite 2

Request a Custom Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=10841

Ectoparasiticides is projected to be highly lucrative deployment mode 

Based on product, the ectoparasiticides segment is anticipated to have a prominent share of the market, in terms of value, by 2026. The segment is projected to expand due to rise in infestation of fleas, ticks, and other ectoparasites to companion animals and livestock, which increases the chances of bacterial, viral, and parasitic disease transmission to humans. Therefore, the usage of ectoparasiticides is inevitable and important for pets and cattle. These factors are expected to drive the segment during the forecast period. The ectoparasiticides segment is estimated to hold a major market share by the end of 2018 due to the increase in broader cross-protective immunity. The ectoparasiticides segment is expected to expand by 2026 due to increase in company's focus on R&D expenditures and recent allocations of resources, which is also estimated to increase the operating cash ?ow to fund future growth investments. For instance, in 2017, Zoetis Inc. invested US$ 382 Mn to shape new innovation in the animal health industry. These are a few factors that are likely to fuel the ectoparasiticides segment during the forecast period.

Request a Sample of Animal Parasiticides Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10841

Companion animals' species dominates the market and the segment is estimated to expand at a significant CAGR during the forecast period 

In terms of species, the companion animals segment accounted for a leading share of the global animal parasiticides market. The segment is estimated to gain market share by the end of 2026 and expand at a CAGR more than 6% during the forecast period. Expansion of specialized R&D production units by key players in major countries worldwide and increasing adoption rate of pets as companion, beast of burden, etc., have led to the prominent share held by the companion animals segment of the global animal parasiticides market. Increase in gastrointestinal parasitism and zoonotic diseases among pets is likely to drive the animal parasiticides market during the forecast period. High prevalence and incidence rates of zoonotic diseases in pets has led to an increase in pet owners' visits to veterinary hospitals. These factors are expected to fuel the companion animals segment between 2018 and 2026.