Animal Parasiticides Market growth outlook with industry review and forecasts

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Animal Parasiticides Market to surpass 6.5bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Animal Parasiticides Market

• Animal Parasiticides Market size is set to reach
  USD 6.5 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
• Rising incidences of zoonotic diseases coupled
  with increasing industrial animal farming will
  serve as high impact rendering factors for the
  global animal parasiticides market.
• Favorable government initiatives should elevate
  the global animal parasiticide market due to the
  activities concerning animal welfare activities,
  resulting in substantial demand for
  parasiticides, thus improving the health of
  livestock worldwide.

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Continued...

• Whooping rise in the number of pet population
  along with improved economic status of pet owners
  especially in developing regions will spur the
  demand for animal health products worldwide.
• Advent of new product development to address
  several parasitic infections, both in farm as
  well as pet animals should also fuel the industry
  expansion during the forecast timeframe.
• Limitations related to use of parasiticides,
  especially endoparasiticides in animals for
  consumption and lack of awareness about presence
  of animal health products in developing and
  under-developed regions happens to be a paramount
  growth restraining factor.

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U.S Animal Parasiticides Market size, by Product,
2013-2024 (USD Million)

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360 Analysis

• Application Trends
• Rising number of companion animals and the
  preventive measures taken by their owners will
  serve as a high impact rendering factor for
  spurring pet parasiticides products demand.
  Furthermore, rising focus of animal health
  companies on developing promising animal
  parasiticides products will propel business
  growth over coming years.
• Regional Trends
• North America animal parasiticides market
  accounted for more than 25 of the regional
  revenue share, be indebted to large scale
  industrial animal farming and elevated number of
  pet population. Moreover, early adoption tendency
  for neoteric products results in rapid
  realization of sales in the United States.
• Competitive Market Share
• Globally active top 10 animal parasiticides
  companies hold nearly 70 share of the total
  market. Competition on basis of product
  differentiation, pricing and geographical
  presence is seen amongst the top players. A
  sizeable proportion of their share come from
  developed regions. Focus on exploring promising
  developing markets is clearly visible, as many
  multinational companies are looking for greener
  avenue of business to gain competitive advantage.

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