The Anticoccidial Drugs Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape etc. According to the report the Anticoccidial Drugs Market is predicted to rise to $2.85 billion by 2020 with a CAGR of 3.67%. The market is segmented by type of animals (poultry, swine, fish, cattle and companion animals) and type of drugs (antibiotic anticoccidials, lonophore anticoccidials and chemical derivative anticoccidials). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
A shift to the rising trend of owning companion animals is causing the growth of the market. Apart from this with the increase in population, the demand for meat protein has increased which also fuels the growth of the market. Other factors driving the market are rising occurrence of coccidiosis, less stringent regulations and increased expenditure on companion animals. However, the market growth is hindered by the ban on antibiotics as a source of animal feed and the upsurge in incidences of antibiotic resistant microbes.
Based on animal type swine’s are most prone to be affected by coccidiosis, majorly small pigs and also occasionally seen in growing pigs and boars. Increase in the intake of swine meat is augmenting the growth of this market. Antibiotic Anticoccidial drugs observed maximum growth in this category as there was an increase in antibiotic microbes which supported the growth of the market.
North America is the dominating region globally for the Anticoccidial drugs market. In this region, US is the largest market in this region. Countries in North America combine to share 24% of the worldwide market for Anticoccidial drugs. While for the European market Germany, France, Spain and U.K holds major share of this market.
Key players in the Anticoccidial drugs market are Bayer Health care, Zoetis, Elanco, Merial, Merck Animal Healthcare, Virbac, Ceva Santé Animale, Boehringer Ingelheim Animal Health, Novartis Animal Healthcare and Smartvet Inc.
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