Anticoccidial Drugs Market: Coccidiosis Impact

Coccidiosis is one of the major parasitic diseases in poultry and other animal species and is posing significant economic impact on animal growing activities globally. Infection caused by Eimeria species causes economic impact through direct production loss and indirect spending for control measures.

For instance, coccidiosis is considered as the most affecting disease in the U.S. broiler industry and caused a spending of nearly USD 1 billion in the country. The annual economic loss is well likely to surpass USD 1.5 billion globally as of 2018.

Moreover, the quality of the produce is significantly dependent on control of parasitic diseases in growing. Thus the poultry farmers and other food producing animal growers are using anticoccidial drugs. The rising impact of coccidiosis in poultry farming is driving the need for anticoccidial drugs globally. The lucrative growth in poultry industry is likely to support market growth in the Asia Pacific region.

The outbreak of COVID-19 is expected to pose little impact on the growers interest towards animal health. Maintenance of animal health has been one of the key factors in both food and companion animal  growing activities. However, the pandemic may boost the interest towards disease prevention among companion animals. The zoonotic nature of several parasitic diseases will motivate animal growers towards prophylactic antiparasitics and anticoccidials. Countries such as the U.S., China and Brazil are among the major markets for anticoccidial drugs and these countries are among the most affected due to COVID-19. The adoption of anticoccidial drugs for prevention of coccidiosis may witness considerable growth during the forecast period.

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