As per our report published, the Global Anticoccidial Drugs Market size is expected to have a growth rate of 3.61% CAGR from 2021 to 2026. The market is anticipated to grow USD 1632.99 Million by 2026 end.
Coccidian protozoa cause coccidiosis. It is a parasitic disease in the intestinal tract of the animal. The disease spread from one animal to another by contact with infected tissue or feces. Although most animals are asymptomatic with the spread of this infection, immuno-compromised animals may suffer from severity and death. Anticoccidial drugs are manufactured with hygienic measures that are used to prevent or control coccidiosis. Coccidiosis is a disease that damages mucosal and submucosal tissues in the intestinal tract for animals and birds.
MARKET DRIVERS:
Y-O-Y growth in the prevalence of coccidiosis and increasing focus on animal health primarily accelerates the global anticoccidial drugs market.
Anticoccidial drugs are the agents used to treat, prevent, and control coccidial infections. There is a risk of increased coccidiosis due to environmental factors and others, such as contamination or other issues related to hygienic measures. Hence, there is an alarming increase in demand for newer anticoccidial drugs in the drug market. Increasing the need to prevent the spread of diseases in animals with effective medication and the rise in the consumption rate of meat and poultry products are the primary reasons driving the growth of the global anticoccidial drugs market.
The growing number of veterinary hospitals, rise in the demand to improve the quality of drugs with different techniques, growing disposable income in urban areas, and people's concern towards maintaining a healthy diet are further helping the global anticoccidial drugs market to grow.
Additionally, growing support from the government through investments, the rising demand to increase the production rate of drugs with high quality, and increasing concern towards animals' health conditions further accelerate market growth. Adoption of the latest technology, the launch of useful products, and the rising number of infectious diseases among animals and birds are expected to fuel the growth opportunities for the global anticoccidial drugs market.
MARKET RESTRAINTS:
However, the lack of skilled persons in manufacturing appropriate drugs with correct dosage forms slowly restricts the global anticoccidial drugs market demand. The availability of other drugs at a lower cost, fluctuations in the prices of final products due to less availability of raw materials are expected to limit the growth of the global anticoccidial drugs market.
Impact of COVID-19 on the global anticoccidial drugs market:
The disease has spread to almost every country globally since the COVID-19 virus outbreak in December 2019, prompting the World Health Organization to declare it a public health emergency. Coccidiosis is a viral disease caused by a single-cell parasite that can only be seen under a microscope. It affects the intestinal tracts of animals. Weight loss, moderate sporadic to extreme diarrhea, diarrhea containing blood or mucus, dehydration, and decreased breeding are all signs of coccidiosis, one of the most common parasitic diseases in domesticated animals. Growing clinical trials in developing medicines or vaccines for animals to prevent infections propels this market's growth rate to new heights. Anticoccidial drugs are drug preparations used to treat coccidiosis in animals. These are given to animals and birds to stop coccidia from reproducing and destroy protozoa in the intestine. In some countries, the transmission of coronavirus from humans to animals boosts the market's growth rate during these pandemic times. In addition, key strategies and increasing awareness of social distancing and wearing masks among market players are expected to boost demand for anticoccidial drugs in 2021 and the coming years.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021 to 2026 |
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Base Year |
2020 |
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Forecast Period |
2021 to 2026 |
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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, Drivers, Restraints, Opportunities, Challenges, 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 |
This research report on the global anticoccidial drugs market has been segmented and sub-segmented based on the drug type, animal type, and region.
Anticoccidial Drugs Market - By Drug Type:
By Drug Type, Ionophore anticoccidial drug type witnessed the highest shares of the market. Increasing research and development institutes to launch several 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. The rise in the scale of research institutes to introduce certain types of drugs at high quality with the latest technology creates 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 - 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 drugs is prompting the demand of the market. Also, the rise in coccidiosis incidences, especially in food-producing animals, is surging the need of this market.
Anticoccidial Drugs Market - By Region:
Regionally, the North American market was the most dominating region in the global anticoccidial drugs market in 2020 and was worth USD 447 million. This regional market is majorly driven by the adoption of advanced manufacturing drug techniques. The launch of innovative medicines that favor producing the most top-quality products significantly influences the demand for the global anticoccidial drugs market.
The APAC market is forecasted to be growing at a CAGR of 4.3% between 2020 to 2025. The Asia Pacific follows North America in holding dominant shares of the market with the rising population, growing demand for poultry products, and increasing government support through funds. In addition to this, the market is also fuelled by the increasing scale of the pharmaceutical industries across the region.
The European market is predicted to growing at a promising rate during the forecast period due to the growing consumption rate of meat. The U.K. market is estimated to account for most of the share in the European market during the forecast period.
The Latin American market is projected to grow at a steady pace between 2020 to 2025, and the market in the Middle East and Africa region is deemed to have a prominent growth rate in the coming years.
KEY MARKET PARTICIPANTS AND SHARE INSIGHTS:
Noteworthy companies operating in the global anticoccidial drugs market profiled in this report are Bayer Health care, Zoetis, Elanco, Merial, Merck Animal Healthcare, Ceva Santé Animale, Virbac, Boehringer Ingelheim Animal Health, Novartis Animal Healthcare, and Smartvet Inc.
The global anticoccidial drugs market is highly competitive, and major players have adopted product development strategies, mergers, acquisitions, and partnerships to maximize their market share.
In May 2020, Zoetis showed how suckling calves with significant weight gain from implants. It is a considerable increase in weaning weight.
In September 2019, Virbac launched Multimin that is used for cattle. This Multimin is prescription-only for preventing imbalance or detoxifying the harmful effects of tissue damage that affects cattle's performance. This multi-minute is designed to manage during the high call in the dairy of beef cattle and dairies like breeding, calving, and vaccination. Once the injection is done, it reached the blood and liver, which is very quick, simple, and accurate to improve the health of the cattle.
In October 2019, Ceva Sante Animale agreed with ProBioGen for the manufacture of representing as a transform of poultry vaccines with the help of ProBioGen’s proprietary AGE1.CR technology. AGE1 is a preserved cell line that is obtained from the duck. This cell line is created as a platform to restore chicken cells to manufacture vaccines related to poultry. Ceva and ProBioGen have a very long track in introducing new veterinary vaccines through different research and development programs.
Table of Contents of the report:
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