Global Anticoccidial Drugs Market is expected to have a growth rate of 3.61% CAGR from 2019 to 2024 to reach a market size of USD 1511 Million by 2024 end, as per the market research analysts at Market Data Forecast.
Increasing demand to prevent the spread of diseases in animals with effective medication is a major factor propelling the demand of the market. A rise in the consumption rate of meat and poultry products is lavishing the growth of anticoccidial drugs market. The growing number of veterinary hospitals is acting as another key growth driver for the market. People's concern towards maintaining a healthy diet is also one of a major driving factor for the global anticoccidial drugs market.
Growth opportunities for the market lie in the increasing support from the government through investments. Also, the rising demand to increase the production rate of drugs with high quality is ascribed to bolster the growth rate of this market. Growing concern towards animal’s health conditions across the world is fuelling the demand for the anticoccidial drugs market.
However, the lack of skilled persons in manufacturing appropriate drugs with correct dosage forms is slowly restricting the demand of the global anticoccidial drugs market. The availability of alternate drugs at a lower cost remains a challenging factor for the growth of the market. Fluctuations in the prices of final products due to less availability of raw materials are limiting the growth of the global anticoccidial drugs market.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2018 – 2024 |
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Base Year |
2018 |
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Forecast Period |
2019 – 2024 |
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Segments Analysed |
By Drug Type, Animal Type and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
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Companies Analysed |
Bayer Health care, Zoetis, Elanco, Merial, Merck Animal Healthcare, Virbac, Ceva Santé Animale, Boehringer Ingelheim Animal Health, Novartis Animal Healthcare, and Smartvet Inc. |
This research report on the Global Anticoccidial Drugs market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2024.
Anticoccidial Drugs Market Analysis - By Drug Type
By Drug Type, Ionophore anticoccidial drug type witnessed the highest shares of the market. Increasing research and development institutes in order to launch a number of various drugs are leveraging the demand of the market.
Antibiotic anticoccidials drug type is expected to grow at the fastest growth rate during the forecast period. Rise in the scale of research institutes in order to introduce certain types of drugs at high quality with the latest technology is creating a chance for the market to grow extensively. Also, the growing economy in almost every region is magnifying the demand of the market.
Anticoccidial Drugs Market Analysis - By Animal Type
Based on Animal Type, the Poultry animal type is leading with dominant shares of the market. The emergence of the latest techniques in manufacturing the drugs is prompting the demand of the market. Also, the rise in the incidences of coccidiosis especially in food-producing animals is surging the demand of this market.
Regional Analysis:
North America is ruling with the highest shares of the market by owing to the adoption of advanced techniques in manufacturing drugs. Also, the launch of innovative drugs that are in favor to produce the highest quality products is greatly influencing the demand of the Anticoccidial Drugs Market.
Asia pacific is following North America in holding dominant shares of the market with the rising population and growing demand for poultry products. In addition to this, the market is also fueled by the increasing scale of the pharmaceutical industries across the region.
Europe will be growing at a faster rate in foreseen years with the growing consumption rate of the meat.
The Middle East and Africa are deemed to have a prominent growth rate in the coming years.
Key companies operating in the Global Anticoccidial Drugs Market profiled in this report are:
Table of Contents of the report:
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