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2021
Heartworm Disease Market

Heartworm Disease Market: Global Opportunity Analysis and Industry Forecast 2020–2027

A11203
Pages: NA
Dec 2021 | 266 Views
   
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Heartworm Disease Market Report Overview

Heartworm disease is commonly present in pets like cats and dogs, which may be lethal in extreme circumstances. Heartworms are transmitted by bites of mosquitoes that bear larvae of the infectious heartworm. The larvae reaches in heart and lungs of dogs and begin to develop in these organs. Species such as coyotes and foxes remain near to certain populated centers and are also thought to be major carriers of heartworm disease. For heartworms, dogs are known to be a natural host. A slight recurring cough, exhaustion after moderate activity, inability to exercise, weight loss, and reduced appetite are the signs of heartworm disease. Three injections are commonly used to treat dogs, namely, melarsomine, doxycycline, and prednisone. The injection of melarsomine kills adult heartworms and decreases chances of unintended side effects. In addition, surgery to extract worms from heart and arteries inside lungs is needed for a serious case of heartworm disease.

Market scope and structure analysis:

Report Metric

Details

  Market size analysis period

  2019-2027

  Base year considered

  2019

  Forecast years

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

Animal Type, Product Type, Channel Distribution, and Region

  Regions covered

North America (the U.S., Mexico and Canada), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA)

  Companies covered

 Boehringer Ingelheim, Wellmark International, Inc. HEARTGARD Plus, Merck Animal Health (Merck & Co., Inc.) Pfizer Inc., Bayer AG, Mylan N.V., Ceva Sante Animale S.A., PetCareRx, Ecto Development Corporation, AdvaCare Pharma, Eli Lilly and Company, Elanco, Merial Animal Health Ltd, Bristol-Meyers Squibb Co, and Zoetis Services LLC.


COVID-19 scenario analysis:

COVID-19 outbreak has led to slowdown in the global economic growth. Rise in number of COVID-19 cases and related deaths across the globe has impacted most industries and markets in both negative and positive ways. The world economy is influenced by COVID-19 in three major ways: by actively impacting production and demand, by developing a supply chain and industry disruption, and by its financial effect on businesses and financial markets. COVID-19 has also impacted the heartworm disease market in a positive way as during this pandemic many COVID-19 positive patient treated with mostly with Hydrochloroquine but the patients with mild and minor symptoms are treated with ivermectin, which is also known as slow killer drug used to kill heartworms.  Hence, increase in COVID-19 patients has led to rise in the demand for the drug, which propels the heartworm disease market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis:

Rise in awareness regarding animal welfare and increase in incidences of fatal diseases in pets propels the market growth. Moreover, rise in understanding of veterinary healthcare along with implementation of strict regulations to deter animal diseases also boosts growth of the market. Furthermore, heartworm medicines come in multiple ways that are only available by prescription from veterinarians. This has contributed to rise in pet health insurance demand, which in turn, is expected to fuel growth of the market for heartworm care. However, while rise in spending on healthcare suggests a positive outlook for the market for heartworm treatment, high costs associated with preventive measures may impede growth of the market for heartworm treatment.

Surge in number of mergers and acquisitions to propel the market :

Rise in number of mergers and acquisitions is anticipated to help the industry boost in the coming years. For instance, in January 2019, Merial, a part of Boehringer Ingelheim, introduced Heartworm 2020, an initiative dedicated for heartworm disease prevention in dogs. The initiative provided heartworm disease education tools and incentives to pet owners, via veterinarians, thereby helping in the heartworm disease market growth.

Key segments covered:

Segments

Subsegments

  Animal Type

 

  • Canine
  • Feline
  • Others

  Product Type

  • Spray
  • Oral pills/Chewable
  • Powder
  • Spot on
  • Shampoo
  • Others (Collars, Drops, and Dips)

  Distribution channel

  • Veterinary Clinics
  • Retail
  • E-commerce


Key benefits of the report:

  • This report provides a detailed quantitative analysis of the heartworm disease market trends and its forecast estimations from 2020 to 2027, which assists to identify prevailing opportunities in the heartworm disease market.
  • A deep analysis various region to provide exact insights by which a company or industry plans their next moves.
  • The projections in this report are made by analyzing current heartworm disease market and future market potential from 2020 to 2027, in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.

Questions answered in the heartworm disease market research report:

  • Which are the leading market players active in the heartworm disease market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the heartworm disease market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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