Anticoccidial Drugs Market was Valued at US$ 1,592.3 Mn in 2018


Posted November 8, 2019 by venkatapbi

Global Anticoccidial Drugs Market was Valued at US$ 1,592.3 Mn in 2018, Increase in the Prevalence of Coccidiosis in Animals
 
Global Anticoccidial Drugs Market was Valued at US$ 1,592.3 Mn in 2018, Increase in the Prevalence of Coccidiosis in Animals
Analyst Speak:
“The Global Anticoccidial Drugs Market was valued around US$ 1,592.3 Mn in 2018 and expected to surge at significant CAGR over the forecast period 2019-2025 owing to rise in prevalence of coccidiosis in animals around the globe”
Precision Business Insights (PBI) in its report titled “Global Anticoccidial Drugs Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over eight years forecast period over 2019-2025. 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.
The global anticoccidial drugs market was valued at US$ 1,592.3 Mn in 2018 and anticipated to grow at significant CAGR over the forecast years due to increase in the livestock adoption rate, grow in prevalence of coccidiosis among the livestock species, rise in veterinary healthcare expenditure, and grow in demand for pet insurance. Moreover, growth in R&D for the development of newer therapeutics for coccidiosis, government support for the livestock farmers, and grow in demand for quality meat and other livestock products are projected to boost the global anticoccidial drugs market. However, stringent regulatory guidelines for the product approval, lack awareness about coccidiosis in underdeveloped countries, and high cost of drugs are anticipated to hamper the global anticoccidial drugs market over forecast years.
Global anticoccidial drugs market segmented on the basis of drug type, animal type, distribution channel, and region
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Ionophores accounted for higher revenue share
Based on drug type, global anticoccidial drugs market segmented into sulpha drugs, amprolium, quinolones, ionophores, and others. Among all the drugs, ionophores accounted for higher revenue share in 2018 and estimated to lead the market over forecast years due to its broad-spectrum of activity against majority of pathogenic species of coccidian coupled with lack of drug resistance development among the animals. Moreover, launch of generics into market also surge the segment in the near future. For instance, in July 2019, Huvepharma EOOD received FDA approval for Monovet 90 the first generic monensin, an ionophore use in cattle fed to improve feed efficiency and prevention and control of coccidiosis
North America Dominated the Global Anticoccidial Drugs market
PBI’s global anticoccidial drugs market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the anticoccidial drugs market from 2014-2018 and the same trend is expected to follow over 2019-2025 owing to animal adoption rate in USA and Canada, surge in R&D for the development of newer drugs, and increase in veterinary healthcare expenditure in the region. Europe projected to exhibit lucrative opportunities over the forecast years owing to adoption of advanced therapeutics in Germany, France, and UK, increase in awareness about the veterinary, and presence of huge number of market players in the region.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global Anticoccidial Drugs market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In April 2019, Creative Diagnostics launched innovative anticoccidial drug analysis products including Clopidol, Decoquinate, Diclazuril, Dinitolmide, Lasalocid, Maduramicin, Mebendazole, and so on for its customers across the globe
Key player’s profiles in the report are Merial Life Sciences, Novartis Animal Healthc, Ceva Santé Animale, Boehringer Ingelheim Vetmedica, Virbac SA, Zoetis, Inc.m, Smartvet Inc., Biopredic, Intas, Dosch Pharma and Jurox
Detailed Segmentation
By Drug Type
o Sulpha drugs
o Amprolium
o Quinolones
o Ionophores
o Others
By Animal Type
o Feline
o Canine
o Equine
o Swine
o Poultry
o Beef
o Cattle
o Ruminants
o Aquaculture
o Others
By Distribution Channel
o Veterinary Hospitals
o Online Pharmacies
o Retail Pharmacies
Geography
o North America
• USA
• Canada
o Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
o Asia-Pacific
• China
• Japan
• India
• ASEAN
• Rest of Asia Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
o Middle East and Africa
• South Africa
• Gulf Corporation Council Countries (GCC)
• Rest of MEA


For More Information:
https://www.precisionbusinessinsights.com/market-reports/global-anticoccidial-drugs-market/


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Tags anticoccidial drugs market , anticoccidial drugs market analysis , anticoccidial drugs market demand , anticoccidial drugs market estimation , anticoccidial drugs market forecast , anticoccidial drugs market growth , anticoccidial drugs market type , global anticoccidial drugs market
Last Updated November 8, 2019