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Animal Endectocides Market: Introduction

  • Endectocides is used in veterinary medicine to improve animal health. It is a type of insecticide, which has activity against ecto-parasites and endo-parasites. Avermectins is the best-known class among approved endectocides, which includes ivermectin and several analogs such as selamectin, eprinomectin, and moxidectin.

Key Drivers and Opportunities of Global Animal Endectocides Market

  • Rise in awareness about animal health among people increases the adoption rate of pet animals. This in turn is projected to boost the growth of the global animal endectocides market. According to Petsecure 2019, pet ownership in the U.S. has more than tripled since the 1970s.
  • In the past, pets, particularly dogs, have found favor as a companion across the world. Over the years, pets have evolved from being a strange and wonderful distraction to an integral part of families. According to a survey conducted by the American Pet Products Association (APPA), the U.S. had approximately 90 million pet dogs in 2018.
  • Increase in population of livestock animals such as cattle along with rise in number of dairy farms is anticipated to fuel the growth of the global market. According to Drishti: The Vision Foundation, the total livestock population was 535.78 million in India in 2019, an increase of 4.6% over livestock census 2012.
  • Rise in awareness about animal health, triggered by the increase in concerns over food-borne diseases caused by animals, is likely to boost the growth of the global market. Private organizations and governments in developing as well as emerging countries are engaged in spreading awareness about veterinary care, which is leading to increase in the level of control and care of animals. Moreover, changes in veterinary education in the last few decades placed greater emphasis on animal welfare, owing to greater awareness about animal health care.
  • Government initiatives to improve health care infrastructure and rise in awareness about veterinary health in developing countries present lucrative opportunities in the global animal endectocides market.

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North America to Capture Major Share of Global Animal Endectocides Market

  • North America is projected to account for major share of the global animal endectocides market due to rise in health care expenditure on animals and increase in awareness about veterinary health. For instance, the American Animal Hospital Association is a non-profit organization for companion animal veterinary hospitals. It is an accrediting body for small animal hospitals in the U.S. and Canada. According to the American Pet Products Association, estimated spending in the U.S. pet industry increased by 4.4% from 2017 to 2018 to reach US$ 72.56 Bn.
  • The animal endectocides market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period owing rise in awareness about veterinary health

Key Players Operating in Global Animal Endectocides Market

The global animal endectocides treatment market is highly consolidated due to the presence of key players. A large number of manufacturers hold major share in their respective regions. Growth strategies adopted by leading players are likely to drive the global animal endectocides market. For instance, in January 2017, Bayer AG acquired Cydectin endectocide portfolio to strengthen the antiparasitics business in the U.S. In November, Merck Animal Health received approval from the U.S. Food and Drug Administration for BRAVECTO PLUS. It contains moxidectin (an endectocide, which has systemic activity against a range of external and internal parasites) and fluralaner (an ectoparasiticide, which has systemic activity against ticks and fleas).

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Major players operating in the global animal endectocides market are:

  • Bayer AG
  • Boehringer Ingelheim
  • Merck Sharp & Dohme Corp. (Merck & Co., Inc.)
  • Vetoquinol (Vetoquinol India Animal Health Pvt. Ltd.)
  • Ourofino Animal Health
  • Carus Laboratories Pvt. Ltd.
  • Other Prominent Players

Global Animal Endectocides Market: Research Scope

Global Animal Endectocides Market, by Animal Type

  • Livestock Animals
  • Companion Animals

Global Animal Endectocides Market, by Application/Active Against

  • Endo-parasites
  • Ecto-parasites

Global Animal Endectocides Market, by Type of Formulation

  • Topical Solutions
  • Injections

Global Animal Endectocides Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Animal Endectocides Market

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