The study involved four major activities for estimating the size of the animal parasiticides market. Exhaustive secondary research was done to collect information on the market, including its peer markets.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
Targeted Audience for This Study:
# Animal Parasiticides Manufacturers
# Animal Parasiticides Distributors
# Animal Health Research & Development (R&D) Companies
# Government Associations
# Research and consulting firms
# Venture Capitalists and Investors
Expected Revenue Surge:
The Animal Parasiticides Market witnessed healthy growth during the last decade and is expected to grow at a CAGR of 5.7% between 2015 and 2020 to reach 9.75 Billion by 2020.
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What Drives the Market?
The growth of the global Animal Parasiticides Industry is primarily influenced by the following factors:
# Rising Demand for Animal-Derived Food Products
# Increasing Investments From Private Players
# Growing Concerns Of Zoonotic Diseases
# Regulations for Preventing the Spread Of Animal Diseases
# Growth Of the Companion Animals Market|
# Rising Animal Health Expenditure
Geographical Growth:
Europe is the largest regional segment for animal parasiticides owing to the well-established animal healthcare market and growing R&D activities in this region. However, the market in the Asia-Pacific region is expected to grow at the highest CAGR, owing to rising pet adoption and increasing demand for animal-derived food products in India and China.
Major Leaders:
The market players, namely, Sanofi (France), Bayer AG (Germany), and Zoetis, Inc. (U.S.) together accounted for the largest share of the animal parasiticides market and will continue to dominate the market between 2015 and 2020.
Key Questions Addressed by the Report:
# What are the geographic growth opportunities in the animal parasiticides market?
# How growing consolidation in the animal health industry will impact the animal parasiticides market in future?
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