September 10, 2019

Anticoccidial Drugs Market to grow at a CAGR of 3% during the forecast period

Anticoccidial Drugs Market Overview:

The global market is expected to reach USD 1511 million by 2024, growing at a CAGR of 3.61% during the forecast period from 2018 to 2024. Anticoccidial drugs are manufactured with hygienic measures which are used to prevent or control coccidiosis. Coccidiosis is a disease which damages mucosal and submucosal tissues in the intestinal tract for animals and birds.

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Anticoccidial Drugs Market Growth Drivers and Restraints:

Increasing consumption rate of meat across the world is major driving factor for the market to grow. Rise in the demand to improve the quality of drugs with different techniques is propelling the demand of the market. In addition, growing disposable income in urban areas is likely to accelerate the growth of the industry.

However, fluctuations in the availability of the raw materials is levelling up the price of the final products and this factor is declining the growth of anticoccidial drugs market. Lack of knowledge over the dosage forms of these drugs remained as challenging factor for the market.

Growth opportunities for the market lie in the adoption of latest technology and also launch of effective products. Rising number of infectious diseases among animals and birds is ascribed to bolster the demand of the market.

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Anticoccidial Drugs Market Geographical Analysis:

Regionally, the global anticoccidial drugs market is segmented held by North America with the rise in the scale of pharmaceutical industries. Asia Pacific and Europe are next to North America in dominating highestshares of the market. Increasing support from the government through funds is greatly influencing the growth of the market. The Middle East and Africa is elevated to have huge growth opportunities in foreseen years with the growing demand to increase the productivity of poultry products such as egg and others.

KeyPlayers of the Anticoccidial Drugs Market:

Bayer Animal Heath, Boehringer Ingelheim, Ceva Santé Animale, Elanco, Novartis Animal Health, Merck Animal Health, Merial, Virbac S.A., and Zoetis are key players in the anticoccidial drugs market.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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