"Designing Growth Strategies is in our DNA"
Ectoparasiticides refer to the antiparasitic drugs which are administered in the treatment of animals diagnosed with ectoparasitic infestations or infections. Also referred to as external parasiticides, these products are used to control or eliminate the parasites that attack both the livestock and the companion animals. These drugs often work in contrast to endoparasiticides, who works against the parasites inside the animal’s body. Ectoparasiticides can be classified according to the type of parasite they work against and can be called acaricides, insecticides, tickicides, lousicides, and scabicides. Ectoparasiticides are a crucial component for the health and welfare of the animal because they cause several diseases that can be infectious or zoonotic in terms of nature. Ectoparasiticides are one of the most effective and critical tools for preventing animal diseases and for promoting animal health and welfare, safe food production, and public health. Ectoparasiticides also play a crucial role in animal health protection by preventing and controlling serious epizootic diseases. Prevention of animal diseases is also critical because they are a negative constraint to sustained agricultural development and food security and can disrupt the economic benefits of international trade in livestock commodities. The factors above are thus likely to drive the ectoparasiticides market growth during the forecast period.
Key Market Driver -
Raised awareness for animal health & welfare by government bodies
Key Market Restraint -
Stringent regulatory approval process for ectoparasiticides
The global ectoparasiticides market is anticipated to grow owing to several factors such as the increasing prevalence of animal & zoonotic diseases, and growing rate of parasitic infections to animals. Additionally, raising awareness of animal health and welfare and development of parasiticides for animal parasitic infections is likely to promote the growth of ectoparasiticides market. These trends, combined with the other factors, are expected to drive the market growth positively.
However, the factors limiting the growth of the global ectoparasiticides market are the stringent regulatory approval process, resistance to antibiotics, and the increasing cost of animal healthcare.
The major companies covered in the global ectoparasiticides market report include Bayer AG, Elanco, Boehringer Ingelheim International GmbH, Zoetis, Ceva, Virbac, Vetoquinol S.A., Sanofi, and others.
As per the current ectoparasiticides market trends, the pour-on and spot-on segment accounted for a higher share owing to its specific formulations and effectiveness in treatment of ectoparasitic infections.
Geographically, the global ectoparasiticides market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to lead the ectoparasiticides market owing to ongoing research and development for ectoparasiticides and higher animal adoption rates for animal husbandry and farming. North America accounts for the second position in the global ectoparasiticides market owing to rising pet adoption rates, increasing prevalence of animal diseases especially zoonotic and infectious, growing animal healthcare expenditure, increased demand for meat and animal-based products, and large pool of veterinarians.
To gain extensive insights into the market, Request for Customization
Asia Pacific is the fastest emerging market due to large livestock animal pool, increasing incidences of animal disorders, increasing awareness of animal welfare and introduction of government. Latin America is likely to progress during the forecast period owing to growing awareness regarding animal health while the Middle East & Africa is expected to show restricted growth owing to lack of awareness in the region.
By End User
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry