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Global Market Study on Animal Parasiticides: Pharmacies and Drug Stores Distribution Channel Segment Expected to Register High Revenue Growth
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Global Market Study on Animal Parasiticides: Pharmacies and Drug Stores Distribution Channel Segment Expected to Register High Revenue Growth Report Id : PMRREP7996 Category : Healthcare ©2020 Persistence Market Research, All Rights Reserved
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MarketOverview The animal parasiticide market is a growing segment of the animal health industry, driven by the increasing demand for effective parasiticides to control and prevent parasitic infections in livestock and companion animals. Parasites, such as fleas, ticks, and worms, can cause a range of health problems in animals, including anemia, skin irritation, and even death. As a result, the use of parasiticides is essential for the health and welfare of animals. The animal parasiticide market is highly competitive, with a number of major players operating in the space, including Zoetis Inc., Merck Animal Health, Bayer AG, and BoehringerIngelheim. These companies are focused on developing innovative products and expanding their product portfolios through strategic partnerships and acquisitions. In addition, regulatory authorities around the world are increasing their oversight of the animal health industry, which is expected to drive growth in the market as companies seek to comply with these regulations. The livestock segment is expected to account for the largest share of the animal parasiticide market, due to the increasing demand for meat and dairy products and the importance of controlling parasitic infections in livestock. However, the companion animal segment is also expected to grow at a significant rate, driven by the increasing popularity of pet ownership and the growing awareness of the importance of pet health and welfare. Overall, the animal parasiticide market is expected to be a major growth area in the animal health industry in the coming years, driven by increasing demand for effective and safe parasiticides. Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/7996
Market Segmentation Regional analysis • The global animal parasiticides market has been segmented into the seven prominent regions namely, Western Europe, North America, Latin America, Eastern Europe, Asia Pacific (APEJ), Japan and Middle East and Africa (MEA). • The Western Europe market is leading in terms of revenue generated in the global animal parasiticides market due to high awareness about animal healthcare and high healthcare expenditure for animal welfare, and is expected to register a CAGR of 6.2% over a forecast period. • North America and APEJ regions have also registered a decent growth in the global animal parasiticides market and are expected to contribute a healthy share in terms of value over the forecast period. • Latin America and MEA regions are at a nascent stage in the global animal parasiticides market and are anticipated to contribute a decent market revenue to the global animal parasiticides market over the forecast period. Access Full Report @ https://www.persistencemarketresearch.com/checkout/7996