Flea & Tick
Products Market : Overview
Flea and tick
infestations, along with other intestinal parasites like heartworms
are controlled primarily by using various pesticides. Animal Health
Institute associates work in collaboration with the Environmental
Protection Agency to accredit safe and efficient chemical agents in
order to combat the spread of these parasites to the human population
and to keep animals healthy. Ticks are known to be very harmful for
pets and can cause transmitting diseases like Lyme disease. These
pets can bring ticks into the human population and can cause illness
from a tick bite. There are several repellents, insect killers and
growth inhibitors are available commercially in the market to protect
pets from flea and tick bites.
Some of these
products are exclusively available at a veterinarian’s and other
products are available over the counter. The products to protect pets
from flea and tick bites include oral pills, sprays, spot-ons,
powders, shampoos and other liquid products that are squeezed onto
the pets’ skin. According to the Environmental Protection Agency,
approximately 44,000 potential cases were registered related to
spot-on products safety and efficacy in 2008. These spot-on products
are usually sold in vials or tubes and the active ingredients in
these products include permethrin, pyriproxyfen, etofenprox,
fipronil, imidicloprid, cyphenothrin, amitraz and dinotefuron. The
common adverse reactions associated with spot-on products are
seizures, skin irritation and in some cases, it can lead to death.
Flea
& Tick Products Market : Regulatory Overview
The regulatory
authorities that are involved in the regulation of these pets flea
and tick products include Animal & Veterinary – Food and Drug
Administration and Environmental Protection Agency (EPA). Among
these, FDA is responsible for the regulation of animal drugs and the
products to manage external parasites come in authority of EPA.
Further, FDA needs to approve animal drugs before its
commercialization in the market, whereas pesticides can be marketed
only after its approval from EPA. In general, FDA regulates the flea
and tick products that are administered orally or by injection. Thus,
both the regulatory bodies work together to ensure the devotion of
all the regulations and applicable laws.
Flea & Tick
Products Market : Key Drivers
The global market
for flea and tick products is expected to record a significant growth
rate in next few years. The growth would be observed due to
increasing number of indulgent pet parents, rising number of pets
(cats and dogs) and increasing demand for premium pet services and
products. Additionally, increasing number of pet-owning households
and rising per capita disposable income of population further
expected to accentuate the growth of this market. For an instance,
according to the American Pet Product Association’s (APPA) national
pet owner’s survey, the average amount of money that is spent on
their pets for food is USD 250 annually and is expected increase in
near future. Hence, increasing pet-owner’s spending on their pets
subsequently would increase the demand for flea and tick products.
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Flea & Tick
Products Market : Region-wise Outlook
Geographically,
North America accounts for the largest share of the flea and tick
products market followed by the European region. The dominance of
North America in this industry is mainly due to strong sales of pet
products driven by pet owners ever more humanizing their products.
Consequently, large number of new products and services are emerged
in this market along with the number of pet stores to offer premium
veterinary services. Moreover, presence of large number of market
players in this region and increased focus of regulatory authorities
such as FDA and EPA towards the health issues of pets further
boosting the growth of this market. European flea and tick products
market follows the North America market due to increasing number of
pet-owning households and rising per capita disposable income.
Flea & Tick
Products Market : Key Players
Major
Players operating in this market
includes Farnam, Intervet, Inc., Virbac Animal Health, Inc.,
Sergeant’s Pet Care Products, Inc., Hartz Pet Products &
Supplies, Wellmark International, Inc., Bayer Healthcare LLC, Phaeton
Corporation, Merial Limited, Ecto Development Corporation, Pet Logic,
LLC, Novartis Animal Health, Ceva Animal Health, LLC., Andrew M
Martin Co. NV. Inc., and LoradoChem, Inc.
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