Global Flea and Tick Product Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Flea and Tick Product Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global flea and tick product market report has been segmented on the basis of product type, pet type, and region.
Global Flea and Tick Product Market: Overview
Pets have soft and warm fur which is a perfect environment for fleas and ticks as these insects feed on animal’s blood and cause health problems ranging from allergic reactions to serious tick–and–flea-borne illnesses. Therefore it an necessity to treat these insects and there are various flea and tick medications and products available in the market such as Nexgard, Advantage Multi, and others that work on tick, fleas, and various worms.
Global Flea and Tick Product Market: Dynamics
Increasing number of pet owners using flea and tick products across the globe is a key factor expected to drive growth of the global flea and tick product market. In addition, growing demand for tick and flea products by pet owners across the globe is another factor expected to support growth of the target market during the forecast period.
Moreover, increasing prevalence of flea and tick-borne diseases among individuals such as Lyme disease, bubonic plague, tularemia, murine typhus, ehrlichiosis, etc. and rising awareness regarding flea and tick transmitted diseases among pet animal’s owners across the globe is expected to increase demand for flea and tick related products which in turn is expected to support growth of the global market in the next 10 years.
Furthermore, increasing concerns related to adequate animal healthcare treatment and rising demand for veterinary flea and tick products owing to increasing focus towards companion pets and animal medication are other key factors expected to drive growth of the global market.
However, there are various symptoms observed over a period of time by consumption of flea and tick treatment medicines including rash, vomiting, diarrhea, redness, loss of hair, itching with discoloration, drooling, etc. and due to busy lifestyle of individuals results into reluctance towards pets are among some factors expected to expected to hamper adoption flea and tick products, which in turn expected to restraint growth of the global market.
Global Flea and Tick Product Market: Segment Analysis
On the basis of product type, the topical medications segment is expected to dominate in the global market, owing to high utilization of topical flea and tick medication products such as powders, shampoos, and spot-on treatments to eliminate fleas in veterinary therapeutics.
Global Flea and Tick Product Market: Regional Analysis
North America market is expected to register highest revenue growth in the global market followed by market in Europe, owing to increasing adoption of various fashion trending collars with resistance of flea and ticks, changing trend towards pet adoption, and high penetration of prominent flea and tick product brands in countries such as the US, Canada, Germany, and France in this regions.
Market in Asia Pacific is expected to register highest CAGR in the global market, owing to increasing utilization of pet centric care products, growing demand for innovative flea and tick products such as collar, and increasing disposable income of individuals in emerging countries such as China and India.
Global Flea and Tick Product Market Segmentation:
Segmentation by Product Type:
- Topical Medications
- Oral Medications
Segmentation by Pet Type:
- Others (Hamster, Squirrel, Rabbit, Rat, etc.)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Bayer AG
- Virbac Corporation
- Eli Lilly and Company
- Ceva Sante Animale S.A.
- Wellmark International, Inc.
- Merial Animal Health Limited
- Ecto Development Corporation
- The Hartz Mountain Corporation
- Sergeant’s Pet Care Products, Inc.
- Merck Animal Health (Merck & Co., Inc.)
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