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

The flea, tick, and heartworm products market has been gaining significant traction over the years, mainly due to the increasing incidence of parasitic infestation in companion animals such as dogs and cats. According to the estimates, 2020 over 60% of household dogs and cats are affected by fleas, ticks, and other parasites every year. These parasites can cause skin problems, allergies, infections, and in severe cases, even prove to be fatal for the animals. In order to safeguard the health of their pets, pet owners are increasingly reliant on various flea, tick, and heartworm preventive products. Various medications in the forms of collars, sprays, spot-ons, and chewables are available in the market to protect companion animals from external and internal parasites. Growing humanization of pets coupled with rising pet healthcare expenditure is expected to continue driving the demand for such protective products globally.

Market Dynamics:

Global  flea, tick, and heartworm products market is set to witness promising growth over the forecast period. The key drivers contributing to market expansion include increasing pet adoption especially in developing nations and growing awareness about pet wellness. According to the statistics, 2021 the total number of pet dogs stood at over 463 million globally in 2021. Moreover, rising pet healthcare spending is encouraging more pet owners to invest in protective products for fleas, ticks and heartworms. However, stringent regulatory frameworks for approval of animal health products remain a key challenge. Availability of low-cost generics from local players also impacts the sales of established brands. On the opportunity side, development of innovative product formulations such as chewable and collars is expanding the appeal among pet owners. Market players are also focusing on emerging economies for geographical expansion of business.

Key Features of the Study:

• This report provides an in-depth analysis of the global flea, tick, and heartworm products market , and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global flea, tick, and heartworm products market  based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies
• The key companies covered as a part of this study include Zoetis, Promika, LLC, Sergeant’s Pet Care Products, Inc., and Adams, Merck and Co., Inc., Boehringer Ingelheim International GmbH, Virbac, Inc., Elanco, Ceva, and The Hartz Mountain Corporation
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global flea, tick, and heartworm products market  report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global flea, tick, and heartworm products market

Detailed Segmentation:

• Global Flea, Tick, and Heartworm Products Market, By Product Type:
  • Spray
  • Oral pills/Chewable
  • Powder
  • Spot on Formula
  • Shampoo
  • Others
• Global Flea, Tick, and Heartworm Products Market, By Animal Type:
  • Companion 
    • Dogs 
    • Cats   
    • Others
  • Livestock  
    • Bovine 
    • Porcine 
    • Ovine 
    • Poultry 
    • Others
• Global Flea, Tick, and Heartworm Products Market, By Distribution Channel:
  • Veterinary Clinics
  • Retail Pharmacies
  • E-commerce
• Global Flea, Tick, and Heartworm Products Market, By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  
  • Zoetis
  • Promika, LLC
  • Sergeant’s Pet Care Products, Inc.
  • Adams
  • Merck and Co., Inc.
  • Boehringer Ingelheim International GmbH
  • Virbac, Inc.
  • Elanco
  • Ceva
  • The Hartz Mountain Corporation