(PharmaNewsWire.Com, March 21, 2017 ) According to the report Latin America Anticoccidial Drugs Market, published by Market Data Forecast, the Latin America market is projected to reach $225 million by 2021, at a CAGR of 3.81% from 2016 to 2021
The ban on consumption of antibiotics as a source of animal feed and the upsurge in incidences of antibiotic resistance microbes has reduced growth in the antibiotic market, nevertheless the increasing incidence of coccidiosis over the preceding 50 years and its control on the overall cost to benefit ratio for the meat industry has furthered the anticoccidials drug market.
Coccidiosis infects a wide range of animals, such as cattle, pigs, poultry species, and sheep which is responsible for the downfall in meat production. Further, growing awareness for a healthy diet containing meat proteins is causing a demand for meat production. This has created a need for usage of antibiotics (Anticoccidial drugs) by farmers to meet the raising demand for meat production. Besides, less stringent regulations and increased expenditure on companion animals are also assisting in growth of Latin America anticoccidial drugs market. Further, the trend of owning pet or companion animals is raising usage of anticoccidials in developing regions.
The Latin America Anticoccidial Drugs Market is segmented as following: Based on Drug Type: Antibiotic anticoccidials Ionophore anticoccidials Chemical derivative anticoccidials Based on Animal Type: Poultry Swine Fish Cattle Companion Animal
The major companies operating in the Latin America Anticoccidial Drugs Market are Novartis Animal Healthcare, Zoetis, Ceva Santι Animale, Merial, Bayer Health care, Merck Animal Healthcare, Boehringer Ingelheim Animal Health, Elanco, Virbac and Smartvet Inc.
The Latin America Anticoccidial Drugs Market study offers the following deliverables: Latin America, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the Latin America market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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