(PharmaNewsWire.Com, August 08, 2017 ) With the ban on consumption of antibiotics as a source of animal feed and the upsurge in antibiotic resistant microbes has reduced the growth of the antibiotic market, nevertheless the rising incidence of coccidiosis over the time and its control on the overall cost to benefit ratio for the meat industry has increased the growth potential of anticoccidials drug market.
Coccidiosis caused by coccidian protozoa, is a parasitic infection of the intestinal tract of animals. The disease feasts from one animal to another by any contact with infected faeces or consumption of infected tissue. It infects a wide variety of animals, such as cattle, poultry species, pigs and sheep. It can be responsible for devastating mislay in meat production. To overcome this problem, anticoccidial drugs play an important role in the prevention and treatment of coccidiosis.
Growing demand for meat proteins is forcing the farmers, mainly in the developed countries to use various antibiotics for maintaining a quality production. Further, the trend of owning companion animals in these nations is increasing the expenditure on antibiotics, driving the North American anticoccidial market.
North America Anticoccidial Drugs Market: Segmentation By Drug Type Antibiotic anticoccidials Ionophore anticoccidials Chemical derivative anticoccidials By Animal Type Poultry Swine Fish Cattle Companion Animal
Furthermore, on the basis of geography, the North America market is analysed under various regions namely, USA and Canada. North America leads the global anticoccidial drugs market owing to increased preventive usage of anticoccidials in animal feed. It contributes to around 24% of the worldwide market for anticoccidial drugs with U.S.A holding the largest market share for anticoccidial drugs followed by Canada.
Currently, the major players in the industry are facing complications with the rising incidences of microbial resistance build-up to anticoccidial drugs and government regulations in developed regions, which is compelling them to invest in emerging markets. Some of the key players operating in the market are Bayer Health care, Zoetis, Elanco, Merial, Merck Animal Healthcare, Virbac, Ceva Santι Animale, Boehringer Ingelheim Animal Health, Novartis Animal Healthcare and Smartvet Inc.
Reasons to buy North America Anticoccidial Drugs Market Report: 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 global 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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