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.
Author Credits: Radhika Pawar
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