26 Nov Anticoccidial Drugs Market by Type of Livestock, Drug Class, Distribution Channels and Geographical Regions. Key Players are Eli Lilly, Virbac, Merck Animal Healthcare, Intas and Zoetis
Precision Business Insights (PBI) in its report titled “Global Anticoccidial Drugs Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 and Forecast 2018-2025” assesses the market performance over eight years forecast period over 2018-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
Market boosts and restraining factors
For global anticoccidial drugs market, factors such increasing prophylactic usage of anticoccidial drugs and rise in demand for the meat products are driving the growth of the anticoccidial drugs market. Furthermore, the feasible regulatory framework for the development and approval of the products and increase in governments spending on the healthcare of companion animals, increasing safety concerns about food and health of animals, improving prices and quality of meat and dairy product globally are the factors which are fueling the growth of the anticoccidial drugs market globally.
However, lack of awareness, high prices of the raw materials and cost of the products may hinder the Additives in Animal Feed Market growth.
The global anticoccidial drugs market is segmented on basis of type of livestock, drug class, distribution channel and geographical regions.
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North America dominates the global anticoccidial drugs market
North America dominates the anticoccidial drugs market, majorly U.S, Canada and Mexico owing to the precautionary use of the anticoccidials in the veterinary feed.
The European anticoccidial drugs market is propelled due to the excessive rise in consumption of meat, especially France, Germany, Spain and UK.
However, Asia Pacific market is anticipated to be as the speedy growing region in anticoccidials market owing to the large pool of population increase in demand for meat and meat proteins in countries like India, Malaysia, and China etc.
Technological advancements and strategic alliances are the key strategies adopted by market players
Rising population pool, stability in economic conditions are leading to the rise in demand for foods with rich proteins, especially in the developing nations. Companies in veterinary healthcare were well established for addressing the growth of emerging markets towards the demand for the high-protein diets. Continuous investments for the innovations and the technological advancements for the development of animal health drugs.
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Some of the key players in global Anticoccidial Drugs Market are
- Eli Lilly (Elanco) (U.S.)
- Virbac (U.S.)
- Ceva Santé Animale (France)
- Zoetis (U.S.)
- Merck Animal Healthcare (Canada)
- Smartvet Inc. (U.S.)
- Intas (India)
- Jurox (Australia)
- Dosch Pharma (India)
Notable market development
In 2015, Eli Lilly acquired Novartis Animal Health to expand its Elanco Animal Health Unit in various product portfolios.
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By animal type
By type of drugs
- Sulpha drugs
- Veterinary hospitals
- Online Pharmacy
- Retail Pharmacy
By geographical regions
- North America
- Latin America
- The Middle East & Africa
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