(Australia-NewsWire.Com, February 20, 2018 ) The Asia-Pacific market for anticoccidial drugs is estimated to reach USD 370.2 million by 2022 from USD 287.5 Million in 2016 at a CAGR of 4.39%. Coccidiosis is a parasitic infection of the intestinal tract of animals, which is caused by coccidian protozoa. The disease spreads from one animal to another by any means of contact with infected faeces or consumption of infected tissue which is responsible for devastating mislay in meat production. To overcome this condition, anticoccidial drugs play a vital role in the prevention and treatment of coccidiosis.
Growing demand for meat proteins is increasing the usage of anticoccidial drugs and is acting as major driving force for Asia-Pacific anticoccidial drugs market. Besides, less stringent regulations in these regions and increasing expenditure on companion animals are also assisting in growth of market. Further, the trend of owning companion animals is causative to the growing usage of anticoccidials in developing regions.
Asia-Pacific Anticoccidial Drugs Market: Segmentation By Drug Type Antibiotic anticoccidials Ionophore anticoccidials Chemical derivative anticoccidials By Animal Type Poultry Swine Fish Cattle Companion Animal
Anticoccidial industry is currently facing diverse challenges related to microbial resistance build-up to drugs and increasing government regulations, consequently the major players in the industry are focusing on less regulated markets present in the Asia Pacific regions. Some of the key players operating in the market are Bayer Health care, Zoetis, Merial, Elanco, Virbac, Ceva Santι Animale, Merck Animal Healthcare, Novartis Animal Healthcare, Boehringer Ingelheim Animal Health and Smartvet Inc.
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