GLOBAL FLEA, TICK, AND HEARTWORM PRODUCTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market News

Recent Developments

Product Approvals

• In July 2023, Elanco Animal Health Incorporated, a veterinary health company and the U.S. Environmental Protection Agency (EPA), government agency announced that the EPA has finished its extensive, multi-year study of the Seresto flea and tick collar, with help from the Food and Drug Administration (FDA). The EPA certifies the collar's ongoing registration. Seresto's safety profile is supported by extensive evidence.
• In January 2023, Merck Animal Health, a part of Merck & Co., Inc., announced that the U.S. Food and Drug Administration approved an additional indication for BRAVECTO chews for dogs. The new indication cures and manages Asian longhorned ticks, an invasive Ixodid species found in more than one-third of the U.S. BRAVECTO chews for dogs is the first and only product in the U.S. to be approved for the treatment and management of Asian longhorned tick infestations.
• In January 2022, Zoetis, a global animal health firm, said that the U.S. Food and Drug Administration (FDA) authorized a new label indication for Simparica Trio for the prevention of Borrelia burgdorferi infections caused by Ixodes scapularis vector ticks (black-legged or deer ticks). Simparica Trio is the first and only combo medication shown to prevent infections that may lead to lyme disease by killing deer or black-legged ticks.

Business Development Activities by Market Players

• In October 2023, Boehringer Ingelheim, a global leader in human and animal health, launched NexGard (afoxolaner) S and M in India. This expansion of the NexGard product line for small (weighing 2-4 kgs) and medium (weighing 4-10kgs) dogs comes after the successful introduction of NexGard X and L earlier in 2020
• In January 2023, PetMed Express, Inc., a company focused on delivering pet medications, products, and health services direct to the consumer announced a definitive agreement to acquire PetCareRx, a leading supplier of pet medications, food, and supplies.
• In July 2022, VetSmart Formulas, a pet health and wellness company, launched an all-natural flea shampoo for dogs due to the rising number of requests they have received from customers seeking healthier alternatives to kill fleas and ticks for their pets.