Flea, Tick, And Heartworm Products Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Flea, Tick, And Heartworm Products market size is expected to be worth around US$ 6.5 billion by 2028, according to a new report by Vision Research Reports.

The global Flea, Tick, And Heartworm Products market size was valued at US$ 3.7 billion in 2020 and is anticipated to grow at a CAGR of 8.5% during forecast period 2021 to 2028.

Growth Factors

Increasing prevalence of parasitic infections such as flea, tick, and heartworm (FTH) in pets coupled with rising number of pet proprietorship and their willingness to spend on their animal’s health is expected to drive the market over the forecast period. For instance, the U.S. pet ownership statistics in 2017-2018 describes that the percentage of dogs owned by households in the U.S. was 38.4% and that of cats was 25.4%.

In addition, according to “petsandparasites.org”, the prevalence of parasite diseases such as Anaplasmosis, Ehrlichiosis, and Lyme in the U.S. was 3.85%, 3.04%, and 6.27% respectively, in 2017. However, the total positive cases tested for heartworm in canine population was 128,851 in 2019 with 596 positive cases in feline population. Therefore, with this spike increase in the prevalence of FTH diseases in companion animals, there is a high demand for a safe and effective drugs for their treatment and prevention. Hence, the rising need for these products is anticipated to propel market growth in future.

Introduction of novel FTH therapeutics is one of the key industry growth promoters in coming years. For instance, in November 2018, Zoetis introduced 6-in-1 parasiticide Revolution Plus topical for feline population up to 8 weeks old. On the similar lines, Bayer AG, introduced its product Seresto, a collar against flea and tick in India in April 2019. The product is aimed at providing effective protection up to 8 months. The product has also received the U.S. FDA approval as a preventive treatment for cats.

Report Highlights

Based on animal type, canine accounted for the largest revenue share in the flea, tick, and heartworm products market in 2018 followed by feline, owing to the large number of flea, tick, and heartworm products available for the treatment as well as prevention. Increasing prevalence of parasitic infection in canine population has driven the market growth. For instance, according to American Heartworm Society (AHS) in 2020, there was an increase by 21.7% in adult heartworm infection cases in dogs per veterinary clinic from 2013 to 2016. 

As per the American Society for the Prevention of Cruelty to the Animals (ASPCA), approximately 3.2 million cats are recorded to enter animal shelters each year. The canine population is following feline in terms of the rising prevalence of flea, tick, and heartworm worldwide and thereby creating a need for novel flea, tick, and heartworm products to curb parasitic infestations. For instance, Bayer introduced Coraxis (moxidectin) Topical Solution for Dogs, in January 2019.

The spot on segment was a major revenue generating segment as of 2020, owing to its easy availability, deeper penetration, and effective treatment. Spot on products owing to topical application are easy and convenient as compared to other flea, tick, and heartworm products. 

In August 2020, IVERHART MAX (ivermectin/pyrantel pamoate/praziquantel) chewable tablets were introduced by Virbac. These are broad spectrum medicines for dogs to prevent heartworm diseases. However, there can be adverse reaction of the products such as vomiting, diarrhea, ataxia, and convulsions, which would impact the adoption.

Veterinary clinics accounted for the largest market share in 2020, owing to the increasing number of pet owners visiting clinics for their pet treatment. In addition, their willingness to spend on their pets and growing number of FTH diseases in these animals is further fueling the market growth.

Furthermore, other distribution channels including retail and e-commerce are making their presence felt in the flea, tick, and heartworm products market. The growth can be attributed to pet lovers rapidly migrating to online channels along with the presence of big retailers like amazon, Walmart, chewy.com, and PetCo. These online retailers are offering convenience to select and purchase the products with faster delivery system, thereby driving the market growth.

North America held the largest revenue share in 2020, amounting to around USD 1.3 billion. Factors attributed to the regional market growth are rising prevalence of flea, tick and heartworm borne illnesses, increase in pet ownership clubbed with swelling concerns of pet owners towards their pet health, and pet care expenditure. The burden of parasitic infection in pet animals has surged over the past few years. For instance, According to the Centers for Disease Control and Prevention (CDC) in 2018, diseases caused by tick and flea bites tripled in the United States, and more than 640,000 cases were reported during the year 2015 to 2016.

Key Players

Merck and Co., Inc.; Boehringer Ingelheim International GmbH; Virbac, Inc.; Elanco; Ceva; The Hartz Mountain Corporation; Zoetis; Promika, LLC; Sergeant’s Pet Care Products, Inc.; and Adams.

Market Segmentation

  • Animal Type Outlook 

    • Canine

    • Feline

    • Others

  • Product Type Outlook 

    • Spray

    • Oral pills/Chewable

    • Powder

    • Spot on

    • Shampoo

    • Others (Collars, Drops, and Dips)

  • Distribution Channel Outlook

    • Veterinary Clinics

    • Retail

    • E-commerce

  • Regional Outlook 

    • North America 

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • South Korea

      • Australia

    • Latin America 

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa

      • South Africa 

      • Saudi Arabia

The Flea, Tick, And Heartworm Products market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Flea, Tick, And Heartworm Products market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Flea, Tick, And Heartworm Products market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Flea, Tick, And Heartworm Products market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Flea, Tick, And Heartworm Products market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Flea, Tick, And Heartworm Products capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Flea, Tick, And Heartworm Products by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Flea, Tick, And Heartworm Products market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Flea, Tick, And Heartworm Products market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Flea, Tick, And Heartworm Products market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Flea, Tick, And Heartworm Products industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Flea, Tick, And Heartworm Products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Flea, Tick, And Heartworm Products market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Flea, Tick, And Heartworm Products market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Flea, Tick, And Heartworm Products market. These factors have benefited the growth of the global market for Flea, Tick, And Heartworm Products. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Flea, Tick, And Heartworm Products. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Flea, Tick, And Heartworm Products are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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