The India, Bangladesh, Sri Lanka, Nepal pet parasiticides market was valued at $14,772.23 thousand in 2020, and is projected to reach $23,944.89 thousand by 2030, registering a CAGR of 4.9% from 2021 to 2030.
Pet parasiticide is a substance used in veterinary medicines that are used to kill parasites, especially those other than bacteria and fungi. The use of parasiticides has resulted in an improvement in the health of companion animals. Flea and tick infestation is a major health problem in dogs and cats, and control presents an economic burden on their owners. A wide array of ectoparasiticides has been available, and switching among brands was frequent, leading to problems in achieving acceptable external parasite control.
Three macrocyclic lactones are used for control of internal and external parasites in dogs and cats namely, selamectin and aprinomectin, which are semisynthetic avermectins, and moxidectin, a semisynthetic milbemycin. Because of specific formulation and drug delivery technology, certain insecticides are used in a wide variety of ectoparasite control products. Efficacy of specific compounds can vary against target species, and resistance to insecticides may develop in specific locations, especially with incorrect, prolonged, or repeated use.
As animal toxicity can be modified by formulation technology, active ingredients are not the sole guide to safety assessment of a product. Cats are sensitive to many insecticides, and use of these insecticides on or near cats must be done with caution. Human and environmental safety also should be considered, especially when treating premises.
Some of the drug forms of parasiticides available in the market include powders, sprays, shampoos, rinses, dips, ear tags, spot-ons, mousses, injectables, oral tablets or liquids, and impregnated collars. Permethrin, sulfur, lindane, dicophane, benzyl benzoate, ivermectin and crotamiton are some of the well-known ectoparasiticides.
The key factors that boost the growth of the India, Bangladesh, Sri Lanka, Nepal pet parasiticides market include increase in prevalence of parasitic diseases in dogs and cats, rise in investments by private players for pet parasiticides, surge in pet dogs and cats ownership rates, and improvement in veterinary healthcare infrastructure.
In addition, rapid developments in parasiticides products technology and rise in veterinary health awareness, supplement the market growth. However, strict consent process for pet parasiticides and regulations restricting the use of parasiticides restrains the growth of the India, Bangladesh, Sri Lanka, Nepal pet parasiticides market. Conversely, rise in awareness related to parasitic diseases in dogs and cats is anticipated to create lucrative opportunities in the near future.
The India, Bangladesh, Sri Lanka, Nepal Pet Parasiticides market is segmented on the basis of product, animal type, end user, and country. On the basis of product, the market is categorized into ectoparasiticide, endoparasiticide and endectocide. Ectoparasiticide is further segmented into pour-on and spot-on, oral tablet, sprays, dips, ear tags, collars, and other ectoparasiticides. Endoparasiticides are further segmented as oral liquids, oral solids, injectables and feed additives. By animal type, it is classified into dogs and cats. By end user, it is classified into veterinary hospital and clinic, animal farms and home care setting. Country wise, the market is analyzed across India, Bangladesh, Sri Lanka, and Nepal.
Pet parasiticide is a substance used in veterinary medicines that are used to kill parasites, especially those other than bacteria and fungi. The use of parasiticides has resulted in an improvement in the health of companion animals. Flea and tick infestation is a major health problem in dogs and cats, and control presents an economic burden on their owners. A wide array of ectoparasiticides has been available, and switching among brands was frequent, leading to problems in achieving acceptable external parasite control.
Three macrocyclic lactones are used for control of internal and external parasites in dogs and cats namely, selamectin and aprinomectin, which are semisynthetic avermectins, and moxidectin, a semisynthetic milbemycin. Because of specific formulation and drug delivery technology, certain insecticides are used in a wide variety of ectoparasite control products. Efficacy of specific compounds can vary against target species, and resistance to insecticides may develop in specific locations, especially with incorrect, prolonged, or repeated use.
As animal toxicity can be modified by formulation technology, active ingredients are not the sole guide to safety assessment of a product. Cats are sensitive to many insecticides, and use of these insecticides on or near cats must be done with caution. Human and environmental safety also should be considered, especially when treating premises.
Some of the drug forms of parasiticides available in the market include powders, sprays, shampoos, rinses, dips, ear tags, spot-ons, mousses, injectables, oral tablets or liquids, and impregnated collars. Permethrin, sulfur, lindane, dicophane, benzyl benzoate, ivermectin and crotamiton are some of the well-known ectoparasiticides.
The key factors that boost the growth of the India, Bangladesh, Sri Lanka, Nepal pet parasiticides market include increase in prevalence of parasitic diseases in dogs and cats, rise in investments by private players for pet parasiticides, surge in pet dogs and cats ownership rates, and improvement in veterinary healthcare infrastructure.
In addition, rapid developments in parasiticides products technology and rise in veterinary health awareness, supplement the market growth. However, strict consent process for pet parasiticides and regulations restricting the use of parasiticides restrains the growth of the India, Bangladesh, Sri Lanka, Nepal pet parasiticides market. Conversely, rise in awareness related to parasitic diseases in dogs and cats is anticipated to create lucrative opportunities in the near future.
The India, Bangladesh, Sri Lanka, Nepal Pet Parasiticides market is segmented on the basis of product, animal type, end user, and country. On the basis of product, the market is categorized into ectoparasiticide, endoparasiticide and endectocide. Ectoparasiticide is further segmented into pour-on and spot-on, oral tablet, sprays, dips, ear tags, collars, and other ectoparasiticides. Endoparasiticides are further segmented as oral liquids, oral solids, injectables and feed additives. By animal type, it is classified into dogs and cats. By end user, it is classified into veterinary hospital and clinic, animal farms and home care setting. Country wise, the market is analyzed across India, Bangladesh, Sri Lanka, and Nepal.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a detailed quantitative analysis of the current market trends and future estimations from 2020 to 2030, which assists to identify the prevailing market opportunities.
- An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the India, Bangladesh, Sri Lanka, Nepal Pet Parasiticides market is provided.
- An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
KEY MARKET SEGMENTS
By Product
- Ectoparasiticides
- Pour-on and spot-on
- Oral tablet
- Sprays
- Dips
- Ear tags
- Collars
- Other ectoparasiticides
- Endoparasiticides
- Oral Liquids
- Oral Solids
- Injectables
- Feed Additives
- Endectocides
By Animal Type
- Dogs
- Cats
By End User
- Veterinary Hospitals and Clinics
- Animal Farm
- Home Care Settings
By Country
- India
- Bangladesh
- Sri Lanka
- Nepal
KEY MARKET PLAYERS
- Bremer Lanka Pvt Ltd.
- Cadila Healthcare Ltd
- C. H. Boehringer Sohn AG & Co. KG (Boehringer Ingelheim International GmbH)
- Elanco Animal Health Inc.
- Hayleys Animal Health
- Lutim Pharma Private Limited
- MERCK & CO., INC.(Merck Animal Health)
- Vetoquinol S.A.
- Virbac
- Zoetis Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: INDIA, BANGLADESH, SRI LANKA, NEPAL PET PARASITICIDES MARKET, BY PRODUCT
CHAPTER 5: INDIA, BANGLADESH, SRI LANKA, NEPAL PET PARASITICIDES MARKET, BY ANIMAL TYPE
CHAPTER 6: INDIA, BANGLADESH, SRI LANKA, NEPAL PET PARASITICIDES MARKET, BY END USER
CHAPTER 7: INDIA, BANGLADESH, SRI LANKA, NEPAL PET PARASITICIDES MARKET, BY COUNTRY
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Bremer Lanka Pvt Ltd.
- Cadila Healthcare Ltd
- C. H. Boehringer Sohn AG & Co. KG (Boehringer Ingelheim International GmbH)
- Elanco Animal Health Inc.
- Hayleys Animal Health
- Lutim Pharma Private Limited
- MERCK & CO., INC.(Merck Animal Health)
- Vetoquinol S.A.
- Virbac
- Zoetis Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | December 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 14772.23 thousand |
| Forecasted Market Value ( USD | $ 23944.89 thousand |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Bangladesh, India, Nepal, Sri Lanka |
| No. of Companies Mentioned | 10 |
