Parasites are microorganisms that live in or on the body of farm animals and pets by surviving on them for proper subsistence. They can be ectoparasites that live on the surface of the host, for e. g. Ascaris and taenia solium or endoparasites that live in the body of the host for e. g. Mosquito, leech, ticks etc. To control or kill the parasites that attack pets or other animals internally or externally, livestock internal parasiticides have been used for a long time across the world.Increasing Investments and rising demand for microbes free animal food product is one of the major factor driving the growth of livestock internal parasiticide market. Government regulations for preventing the spread of animal disease is another factor attributed for its high growth.
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However, restrictions in the use of parasiticides in the food-producing animals is affecting the livestock internal parasiticide market across the world. In spite of this, increasing veterinary healthcare expenditure is in several developing countries is expected to reduce the impact of the limitation during the forecast period.Global livestock internal parasiticide market can be segmented on the basis of product, animal type, and region. On the basis of product, livestock internal parasiticide market can be segmented into ectoparasiticides, endo parasiticides, and endectocides. Ectoparasiticides can be further segmented into pour-on & spot-on, sprays, dips, ear tags, oral tablets, and others. Furthermore, endoparasiticides can be further segmented into oral liquids, oral solids, injectables, feed additives and others.
On the basis of animal type, the global livestock internal parasiticide market can be segmented into companion animals and food producing animals. Companion animals can be further segmented into dogs, horses, cats, and other companion animals whereas food producing animals can be further segmented into poultry,cattle, pigs, sheep and goats, and other food producing animals.
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On the basis of region, the global livestock internal parasiticide market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, South America. Amongst all, Europe is expected to be the most lucrative livestock internal parasiticide market owing to favorable government initiatives and increasing veterinary healthcare expenditure in the region.
The major players operating in livestock internal parasiticide market are Merck and Co. Inc., Perrigo Company Plc., Novartis AG, Sanofi S. A., Zoetis Inc, Phibro Animal Health Corporation, Vetoquinol S.A., Virbac SA, Boehringer Ingelheim pharmaceuticals Inc., Dechra pharmaceuticals Plc., ELI Lilly and Company Limited, and Ceva Sante Animale S. A., among others.