Market Overview:
The global Ivermectin market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for meat and dairy products, increasing awareness about animal health, and growing concerns about zoonotic diseases. In terms of type, the injection segment is expected to lead the global Ivermectin market during the forecast period. This can be attributed to its easy availability and low cost as compared to other forms of Ivermectin such as powder and others. In terms of application, cattle is expected to lead the global Ivermectin market during the forecast period owing to its high population across regions such as North America, Latin America, Europe Asia Pacific and Middle East & Africa .
Product Definition:
Ivermectin is a medication used to treat a number of types of parasites. It is important because it can kill the parasites that cause diseases such as river blindness and lymphatic filariasis.
Injection:
Injection is a drug that reduces or eliminates the occurrence of parasitic infection. It works by killing the parasites in the body. Injectable drugs are used to treat heartworm diseases, river blindness, filariasis (elephantiasis), and onchocerciasis (river blindness). The drug is also used for mass medication against malarial infections and other diseases caused by roundworm or hookworm species as it affects multiple worms at once.
Powder:
Powder is a fine, white or nearly white crystalline powder. It has a slightly sweet odor and taste. Ivermectin is commercially available as anhydrous ( Without water content) form in both solid and liquid forms. The anhydrous form of the drug has no solubility in water but it can be dissolved by stirring it with warm ethanol or ethyl ether solution (1:1).
Application Insights:
The cow application segment led the market and accounted for more than 40% of the global revenue share in 2017. The product is used to treat parasitic diseases, such as mange, scabies and lice. It is also employed to control internal parasites that cause disease in cattle, including heartworms, liver flukes and tapeworms.
Ivermectin has been proven effective against a wide range of filariae infections in animals such as river blindness (Lepisma), lymphatic filariasis (Wuchereria bancrofti) and elephantiasis (Phlebodium). In addition, it exhibits strong activity against ascariasis when used at low dose levels without causing any adverse effects on the host animal.
Regional Analysis:
Europe was the largest market for ivermectin with a revenue share of over 40.0% in 2017 owing to the presence of stringent regulations regarding animal health and high awareness levels amongst farmers. The region is expected to continue its dominance over the forecast period due to increasing incidence of parasitic diseases such as river blindness, onchocerciasis, filarial, and guinea worm disease amongst people in countries such as Russia & Ukraine & Italy & France among others. Moreover, rising cases of cancer are also driving demand for ivermectin drugs in this region which has led major manufacturers including Merck KGaA; Sandoz International GmbH; Cipla Inc.; Pfizer Inc.; Avantor Performance Materials Inc.; and Anika Therapeutics LLC etc.
Growth Factors:
- Increasing prevalence of parasitic infections: The increasing prevalence of parasitic infections is one of the major growth drivers for the global ivermectin market. According to the World Health Organization (WHO), there are more than 1 billion people who are infected with parasites, and this number is estimated to increase in the coming years. This will create a high demand for ivermectin-based drugs and therapies, thereby driving the growth of the global ivermectin market.
- Rising awareness about vector-borne diseases: Vector-borne diseases are caused by pathogens that are transmitted by vectors such as mosquitoes, ticks, and fleas. These diseases account for a significant proportion of all infectious diseases worldwide and cause millions of deaths every year. There is a growing awareness among people about these vector-borne diseases, which is expected to drive demand for ivermectin-based drugs and therapies in the coming years.
- Growing popularity of animal husbandry: Animal husbandry plays an important role in food security across many countries around the world. In addition, it also provides livelihood opportunities to millions of people globally. The rising popularity of animal husbandry is expected to create a high demand for veterinary products such as ivermectin in the coming years, thereby propellingthe growthoftheglobaliveremctingmarket . 4) Technological advancements: The pharmaceutical industry has witnessed rapid advancements in technology over recent years owing to which new drug formulations have
Scope Of The Report
Report Attributes
Report Details
Report Title
Ivermectin Market Research Report
By Type
Injection, Powder, Others
By Application
Cow, Sheep, Pig, Poultry, Others
By Companies
Hero Pharmaceutical, MERCK, HuBei YuanCheng SaiChuang, ENN, LAND
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Ivermectin Market Report Segments:
The global Ivermectin market is segmented on the basis of:
Types
Injection, Powder, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cow, Sheep, Pig, Poultry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hero Pharmaceutical
- MERCK
- HuBei YuanCheng SaiChuang
- ENN
- LAND
Highlights of The Ivermectin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Injection
- Powder
- Others
- By Application:
- Cow
- Sheep
- Pig
- Poultry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ivermectin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ivermectin is a medication used to treat infections caused by parasites. It works by killing the parasites. Ivermectin is also used to prevent or treat heartworm disease in dogs and cats.
Some of the key players operating in the ivermectin market are Hero Pharmaceutical, MERCK, HuBei YuanCheng SaiChuang, ENN, LAND.
The ivermectin market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ivermectin Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ivermectin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ivermectin Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ivermectin Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ivermectin Market Size & Forecast, 2018-2028
4.5.1 Ivermectin Market Size and Y-o-Y Growth
4.5.2 Ivermectin Market Absolute $ Opportunity
Chapter 5 Global Ivermectin Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ivermectin Market Size Forecast by Type
5.2.1 Injection
5.2.2 Powder
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ivermectin Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ivermectin Market Size Forecast by Applications
6.2.1 Cow
6.2.2 Sheep
6.2.3 Pig
6.2.4 Poultry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ivermectin Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ivermectin Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ivermectin Analysis and Forecast
9.1 Introduction
9.2 North America Ivermectin Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ivermectin Market Size Forecast by Type
9.6.1 Injection
9.6.2 Powder
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ivermectin Market Size Forecast by Applications
9.10.1 Cow
9.10.2 Sheep
9.10.3 Pig
9.10.4 Poultry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ivermectin Analysis and Forecast
10.1 Introduction
10.2 Europe Ivermectin Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ivermectin Market Size Forecast by Type
10.6.1 Injection
10.6.2 Powder
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ivermectin Market Size Forecast by Applications
10.10.1 Cow
10.10.2 Sheep
10.10.3 Pig
10.10.4 Poultry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ivermectin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ivermectin Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ivermectin Market Size Forecast by Type
11.6.1 Injection
11.6.2 Powder
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ivermectin Market Size Forecast by Applications
11.10.1 Cow
11.10.2 Sheep
11.10.3 Pig
11.10.4 Poultry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ivermectin Analysis and Forecast
12.1 Introduction
12.2 Latin America Ivermectin Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ivermectin Market Size Forecast by Type
12.6.1 Injection
12.6.2 Powder
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ivermectin Market Size Forecast by Applications
12.10.1 Cow
12.10.2 Sheep
12.10.3 Pig
12.10.4 Poultry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ivermectin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ivermectin Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ivermectin Market Size Forecast by Type
13.6.1 Injection
13.6.2 Powder
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ivermectin Market Size Forecast by Applications
13.10.1 Cow
13.10.2 Sheep
13.10.3 Pig
13.10.4 Poultry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ivermectin Market: Competitive Dashboard
14.2 Global Ivermectin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hero Pharmaceutical
14.3.2 MERCK
14.3.3 HuBei YuanCheng SaiChuang
14.3.4 ENN
14.3.5 LAND
