(MoneyNewsWire.Net, January 12, 2018 ) According to the report Europe Anticoccidial Drugs Market, published by Market Data Forecast, The market is estimated to grow from USD 191.7 million in 2016 to USD 226.2 Million by 2022 at a CAGR of 2.89%.
Coccidiosis, a parasitic infection of the intestinal tract of animals is caused by coccidian protozoa. 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, pigs and sheep which is effecting the volumes of meat production. To overcome this problem, anticoccidial drugs play an important role in the prevention and treatment of coccidiosis.
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The ban on consumption of antibiotics as a source of animal feed and the upsurge in incidences of antibiotic microbes has seen a reduced growth in the antibiotic market, nevertheless the rising incidence of coccidiosis over the preceding 50 years and its control on the overall cost to benefit ratio for the meat industry has improved the anticoccidials drug market. In addition, the growing consumer preferences for healthy diet is increasing the demand for meat proteins. This is further leading to the rise in usage of anticoccidial drugs by farmers, driving the European anticoccidial drugs market. The trend of owning companion animals is a causative to the mounting demand for anticoccidials in developed regions.
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Europe Anticoccidial Drugs Market: Segmentation
By Drug Type
Chemical derivative anticoccidials
By Animal Type
On the basis of geography, the European Market is analysed under various regions namely, UK, Spain, Italy, Germany and France.
The major players in the industry are facing various challenges related to microbial resistance build-up to therapeutics and government regulations in European Union. For this reason, many companies prefer to operate in less regulated markets. Some of the key players operating in the market are Bayer Health care, Boehringer Ingelheim Animal Health, Elanco, Merial, Merck Animal Healthcare, Virbac, Zoetis, Ceva Santι Animale, Novartis Animal Healthcare and Smartvet Inc.
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Reasons to buy Europe 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
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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
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