According to the report analysis, ‘Global Flea and Tick Product Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that in the worldwide market of Flea and Tick product there are numerous companies which presently functioning more actively for leading the highest market growth and accounting the proficient value of market share across the globe in the near years while increasing the productivity and applications of the product, advancing the features of the product, spreading the awareness related to the benefits of the product, implementing the strategies and policies for increasing or developing production and studying and analyzing the restrictive policies of the product include Merck Animal Health, Virbac Corp., CevaSanteAnimale S.A., Bayer AG, Sergeant's Pet Care Products, The Hartz Mountain Corp, Ecto Development Corp., Wellmark International, Merial Animal Health Ltd., Eli Lilly, and Co and several others.
However, the potential players across the worldwide flea and tick products market there are plentiful companies which recently performing for ruling across the globe while implementing the policies of the joint venture, new product development, mergers and acquisitions, amalgamation and collaboration which further benefitted for generating the effective percentage of the revenue and to gain the competitive edge across the globe over the near years more significantly.
Whereas, a precious growth in the prevalence of the flea and tick-borne syndromes in the animals have been observed in the existing years. The ectoparasites not only cause skin allergies and infections, but also channel the numerous syndromes, namely murine typhus, bubonic plague, ehrlichiosis, Lyme syndrome, Rocky Mountain spotted fever, tularemia, anaplasmosis, and tungiasis.
Based to the Centers for Disease Control and Prevention, throughout the period of 2004-2016, syndromes instigated by tick and flea bites triplicated across the United States and more than 640,000 cases were stated. The report reported that 96,075 syndrome cases were reported during 2016, of which 26,203 were of Lyme syndrome unaided, while the ample number was near 55,000 in 2015. As per a study circulated in the journal ‘Elsevier’, in April 2018, nearby 80% of fleas collected from cats controlled at least one organism that encourages sickness in cats or even human beings.
Therefore, the significant growth in the number of pets getting infested by a variability of the flea- and tick-borne syndromes and the consequential inevitability of them being preserved are predicted to underwrite to the growth of the market considered.
In addition to the above-mentioned aspects, the positive growth in the awareness related to the pets' health, several zoonotic syndromes caused by flea and tick bites, and product innovation are probable to influence the market studied, over the review period. The significant growth in the implementation rates of companion animals, foremost growth of the disposable income, and enormous growth of the per capita animal healthcare disbursement are the aspects underwriting to the foremost share of the US flea and tick products market. Therefore, in the near years, it is predicted that the market of flea and tick product will increase over the coming years around the globe more progressively.
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Ankur Gupta, Head Marketing & Communications