Theglobal 'bovine mastitismarket size’ is projected to reach USD1.84 billion by the end of 2027.Recent breakthrough concepts will open up the prospect of an exciting future inthe global market. According to a report published by Fortune BusinessInsights, titled “Bovine Mastitis Market Size, Share & COVID-19 ImpactAnalysis, By Type (Clinical, and Sub-Clinical), By Product (Antibiotics, andOthers), By Route of Administration (Intra-mammary, and Systemic), By Therapy(Lactating Period and Dry Period) and Regional Forecast, 2020-2027,” the marketwas worth USD 1.23 billion in 2019 and will exhibit a CAGR of 5.2% during theforecast period, 2020-2027.
Bovinemastitis is a medical disorder occurs in dairy cattle. It refers to theinflammation of mammary gland and udder tissue. The disease can damagemilk-secreting tissues in the cattle; a primary reason why this is consideredas a serious disorder. The rising prevalence of bovine mastitis across theworld will have a direct impact on the growth of the overall market in thecoming years. According to the Cornell University College of VeterinaryMedicine, the global incidence of bovine mastitis is between 0 and 200 forevery 100 cows. Moreover, the University of Glasgow states that bovine mastitiswill cost around $19.7 billion to $30 billion in healthcare burden every year.Additionally, the increase in the number of mastitis infection during dryperiod and the growing advantages of different intramammary non-antibioticproducts such as teat sealants in prevention of new intramammary infectionduring the dry period are playing crucial role in boosting the overall marketgrowth.
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Frequently Ask Question :
1) How much is the bovine mastitismarket worth?
Fortune Business Insights says that the global bovine mastitis marketsize was USD 1.23 billion in 2019 and is projected to reach USD 1.84 billion by2027.
2) What was the value of themarket in North America in 2019?
In 2019, the North America market value stood at USD 0.40 billion.
3) At what CAGR is the market projectedto grow in the forecast period (2020-2027)?
Growingat a CAGR of 5.2%, the market will exhibit steady growth in the forecast period(2020-2027).
Covid-19 Pandemic has had a Minimal Impact on Market Growth;Continually Rising Demand for Dairy Products will Aid Growth
Therecent coronavirus outbreak has had a minimal impact on the overall bovinemastitis market. Although lockdown and social distancing practices have shutdown manufacturing units, the constant demand for dairy products has emerged infavor of the growth of the market, even during the pandemic. As these goodsfall under the essential services category, the market will continue to rise ata considerable pace in the coming years.
An Overview of the Impact of COVID-19 on this Market :
Theemergence of COVID-19 has brought the world to a standstill. We understand thatthis health crisis has brought an unprecedented impact on businesses acrossindustries. However, this too shall pass. Rising support from governments andseveral companies can help in the fight against this highly contagious disease.There are some industries that are struggling and some are thriving. Overall,almost every sector is anticipated to be impacted by the pandemic.
Weare taking continuous efforts to help your business sustain and grow duringCOVID-19 pandemics. Based on our experience and expertise, we will offer you animpact analysis of corona virus outbreak across industries to help you preparefor the future.
Increasing Product Launches will Bode Well for Market Growth
Thereport encompasses several factors that have contributed to the growth of themarket in recent years. Among all factors, the increasing number of productlaunches, enabled by massive investments in innovations and technologicalintervention, has made the highest impact on market growth. Accounting therising competition in the global market, major companies are looking to adoptstrategies that will help them establish a stronghold in the market. In October2018, BoehringerIngelheim International GmBH announced the launch of a newproduct, aimed at prevention of immunotherapy infections in dairy cattle. Thecompany introduced ‘Lockout,’ a product that will prevent thepost-immunotherapy complications, subsequently enhancing the health and performanceof dairy cattle. This will also boost the end products in dairy farming. Thisproduct will not just serve the aforementioned applications, but will alsoaffect the growth of the global market in the coming years.
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Table Of Content :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- New Developments – Bovine Mastitis Product
- Incidence of Clinical Mastitis Key Countries/Sub-region-2019
- Key Products/ Brands, Key Players
- Number of Milk Cows- Key Countries/Sub-region -2019
- Veterinary Drugs Market: Overview
- Product Overview: Teat Sealants for Mastitis Treatment (Key Brands/ Key Players, 2019)
- Pricing Analysis, 2019 (Key Brands/ Key Countries)
- Key Developments – Mergers, Acquisitions, and Partnerships
Continue…
North America Likely to Emerge Dominant; Increasing Adoption ofIntra-mammary Infusion Will Aid Growth
Thereport analyses the latest market trends across five major regions, includingNorth America, Latin America, Europe, Asia Pacific, and the Middle East andAfrica. Among all regions, the market in North America is projected to emergeas the leading market in the coming years. The increasing adoption ofintra-mammary infusion in bovine mastitis treatment will aid the growth of theregional market. The presence of large scale companies in this region will notjust aid the growth of the regional market, but will also influence the growthof the global market. As of 2019, the market in North America was worth 0.40billion and this value is projected to increase at a considerable pace in thecoming years. The market in Europe will derive growth from the increasingnumber of company collaborations, aimed at the development of innovativetreatment options for bovine mastitis in several countries including France,Germany, and the UK.
List of companies profiled in thereport:
- Zoetis (New Jersey, U.S.)
- Merck & Co., Inc. (MSD Animal Health) (Kenilworth, New Jersey, U.S.)
- Boehringer Ingelheim International GmbH (Ingelheim am Rhein, Germany)
- Bayer AG (Leverkusen, Germany)
- Elanco (Indiana, U.S.)
- Ceva (Libourne, France)
- West Way Health (Galway, Ireland)
- Others
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Global BovineMastitis Market Segmentation :
By Type
- Clinical
- Sub-clinical
By Product
- Antibiotics
- Others
By Route of Administration
- Intramammary
- Systemic
By Therapy
- Lactation Period
- Dry Period
· Antibiotics
· Teat Sealants
By Geography
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)
- Rest of the World
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