Animal Fungal Treatment Market Size & Share by Drug Type (Itraconazole, Terbinafine, Ketoconazole, Fluconazole, Griseofulvin); Route of Administration (Oral, Tropical, Parenteral); Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2037

  • Report ID: 3130
  • Published Date: Apr 02, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2037

Animal Fungal Treatment Market size is expected to reach USD 3.24 billion by the end of 2037, growing at a CAGR of 6.89% during the forecast period i.e., 2025-2037. In the year 2024, the industry size of animal fungal treatment was over USD 1.36 billion. The demand for foods produced from animals, such as meat, dairy products, and eggs, has been acknowledged to have increased recently. The FAO estimates that, by 2050, they will need to produce 60% more food to meet the dietary needs of 9.3 billion people on Earth. If people tried to do it by farming as normal, the resources we have would be over-utilized.

Fungal infections, which are normally associated with animals, continue to occur in people mainly as a result of human activity. Due to increased mobility and development and changes in the surrounding environment, emerging fungal infections are on the rise and need to be closely monitored. If there is a known species switching hosts or if the number of cases increases, people are known to be infected with diseases linked to animals.


Animal Fungal Treatment Market
Get more information on this report: Request Free Sample PDF

Animal Fungal Treatment Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Government Initiatives - By recognizing the interdependence of human, animal, and environmental health, the government is promoting a comprehensive approach to health. One of the benefits of a government program for animal health is to increase awareness and management of zoonoses, which can be transmitted from animals to humans. Furthermore, it is necessary to improve cooperation between doctors, veterinarians, environmental scientists, and Public Health Experts to promote the health and welfare of all animal species. By fostering connections between different communities and industries that drive the animal fungal treatment market, the government programme aims to generate new and improved concepts that address the underlying issues and produce long-term, sustainable solutions for animal health and well-being.
  • Expansion of Pet Ownerships - Whenever the summer approaches, veterinarians warn pet owners to be alert for a possible fungus infection that may affect their animals as temperatures increase. In addition, health officials are informing pet owners of the potential for their animals to be infected with an uncommon fungal disease. Blastomycosis, a fungus, can be contracted by animals living in soil that resembles a humus. Therefore, the rivers, lakes, streams and marshes are common places where they might be exposed to it. From 1988 to 2023, approximately 66 % of US households reported that they owned at least one pet, an increase of about 18 % from the previous survey period.

Challenges

  • Lack of Adequate Animal Care Infrastructure - Livestock provides a wide range of important benefits to healthy diets and survival resources. This is particularly true in developing countries, where there are limited options for nutrition-dense foods. The development of fungal treatment methods for the welfare of farm animals needs to be coordinated with the production of animal products in order to ensure that food systems are sustainable.
  • Limited Availability of Fungal Treatment in Developing Countries is set to hinder animal fungal treatment market growth in the forecast period
  • The High Cost of treatment is set to hinder market expansion in the projected period

Animal Fungal Treatment Market: Key Insights

Base Year

2024

Forecast Year

2025 - 2037

CAGR

6.89%

Base Year Market Size (2024)

USD 1.36 billion

Forecast Year Market Size (2037)

USD 3.24 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Animal Fungal Treatment Segmentation

Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy)

Based on the distribution channel, the hospital segment is anticipated to cross USD 1.4 billion by the end of 2037. Hospital pharmacies are necessary in the field of animal fungus treatment as they offer access to specialized medicines, expert advice, and innovative therapeutic methods for complex patients. Hospital pharmacists are the major source of inpatient treatment, as they offer immediate and extensively advanced antifungal medicinal products. Another factor contributing to the growth of this market segment is the availability of specialty medicinal products. Hospital pharmacies stock a wide range of antifungals, including injectables, IV formulations, and those that are not readily available in the field. In these pharmacies, veterinarians and pharmacists also provide professional advice on the selection of medicines, dosage, or potential interactions in difficult situations.

Route of Administration (Oral, Tropical, Parenteral)

Based on the route of administration, the oral segment is expected to surpass USD 1.28 billion by the end of 2037. Compared to injections or skin treatments, administration by mouth is usually easier and more manageable for both the animal and its owner. Furthermore, the tablet formulation of oral medicine provides flexibility in the dose and ease of administration offering convenience for the animals to consume it easily by crushing it, swallowing it, or mixing it with other food products. For example, for the treatment of ringworm in dogs and cats itraconazole, an established wide-spectrum antifungal is usually administered orally as a tablet. In addition, oral medicines are often more affordable than other forms of treatment and can be accessed to a wider range of pet owners. Different brands of itraconazole tablets are marketed by companies such as Merck Animal Health and Zoetis, which contribute significantly to the animal fungal treatment market

Our in-depth analysis of the global market includes the following segments:

     Drug Type

  • Itraconazole
  •  Terbinafine
  •  Ketoconazole
  •  Fluconazole
  • Griseofulvin

     Route of Administration

  • Oral
  • Tropical
  • Parenteral

     Distribution Channel

  • Hospital Pharmacy
  •  Retail Pharmacy
  • Online Pharmacy

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Animal Fungal Treatment Industry - Regional Synopsis

North American Market Forecasts

The animal fungal treatment market in the North America region is projected to reach USD 1.19 billion during the studied period. In North America, skin diseases caused by fungi are more common in animals. The availability of specialist care has led to an increase in demand for specific dermatology antifungal medicines. In addition, advances in antifungal medicinal products have been achieved by the region's robust veterinary research and development initiatives. Due to the development of new and improved formulations, veterinarians have more options for treating them. In addition, the trend of pet humanization, where animals are viewed as family members, is increasing in North America. Escalating demand for best dermatology antifungal treatment to cure skin conditions driven by willingness of pet owners to make investment in health and wellness of their pets.

European Market Statistics

The animal fungal treatment market in the Europe region is set to grow significantly reaching a growth of USD 0.80 billion by the end of predicted period. The need for animals in agriculture is the reason why there is an increased demand for animal fungal treatments. In order to meet the growing population, agricultural enterprises in this region are having difficulty responsibly producing a sufficient quantity of food. Demand for high quality, safe and effective protein animal products will be significantly increased over the coming ten years as a result of an increase in domestic livestock population in this region. International trade in animals and animal products increases the risk of new outbreaks and infectious fungal infections continue to have a negative impact on the production of farm animals. In the detection, surveillance, management and ultimate eradication of animal diseases and disorders, antifungal medicinal products may be of significant assistance. In 2018, around 3.5 million sheep and goats, 4.3 million head of cattle as well as 1 000 tons of poultry were traded across EU countries. 

Research Nester
Animal Fungal Treatment Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Animal Fungal Treatment Landscape

top-features-companies
    • Merck & Co., Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Elanco
    • Zoetis Services LLC
    • Virbac
    • Neogen Corporation
    • MP AGRO CO., LTD.
    • NIHON NOHYAKU CO., LTD.
    • SynergyLabs
    • Dechra Pharmaceuticals
    • Vetoquinol

In-the-news

In The News

  • Zoetis said that Virtual Recall, which helps veterinary practices improve the quality of services and communicate with their customers, has been bought by Zoetis.
  • Zoetis announced the launch of Vetscan Imagyst, a diagnostic platform that uses a combination of image recognition, algorithms and cloud based artificial intelligence to deliver precise test results to the clinic.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 3130
  • Published Date: Apr 02, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing pet ownerships and growing government initiatives are some of the major factors anticipated to drive the growth of the animal fungal treatment market.

The market is anticipated to attain a CAGR of ~6.89% over the forecast period, i.e., 2024-2036.

The major players in the market are of Neogen Corporation, MP AGRO CO., LTD., NIHON NOHYAKU CO., LTD., SynergyLabs, Dechra Pharmaceuticals, Vetoquinol, and others.

The oral segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Animal Fungal Treatment Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying