Report Ocean recently published a new research report on the Bovine Respiratory Disease Treatment Market. In addition to prospective prospects, this study offers a historical analysis of growth, cost structure, revenue, market trends, and capacity (2023-2030). The following section offers comprehensive coverage of the Bovine Respiratory Disease Treatment Market across a number of market categories, in-depth research at the country level, and an assessment of the market’s key drivers, restraints, trends, and opportunities.
Global Bovine Respiratory Disease Treatment Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2029.
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Bovine Respiratory Disease Treatment refers to the common diseases occur to cattle globally. It includes infectious bovine rhinotracheitis (IBR), bovine respiratory syncytial virus (BRSV), bovine viral diarrhea (BVD), and parainfluenza type-3 virus (PI-3). The Bovine Respiratory Disease Treatment market is expanding because of factors such as the growing consumption of beef and rising incidences of bovine respiratory diseases
According to the article published in September 2022, titled “World Beef Consumption: Ranking of Countries (USDA),” global beef consumption stood at 147.34 billion pounds in 2020. The United States consumed the most beef in 2020, followed by China, the European Union, Brazil, and India.
Whereas, rising cases of Diphtheria and growing R&D activities by market players create lucrative opportunities for the market. However, the lack of skilled veterinarians hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Bovine Respiratory Disease Treatment Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing production and consumption of bovine meat and rising cases of BRD, and increasing awareness of bovine respiratory treatment Whereas North America is expected to grow significantly during the forecast period, owing to factors such as increasing technological advances in products to monitor BRD and growing penetration of market players etc. in the forecast period
Major market players included in this report are:
- Bimeda
- Boehringer Ingelheim GmbH
- Ceva
- Elanco
- Krka UK Ltd
- Merial
- Merck & Co. Inc.
- Vetoquinol
- Virbac
- Zoetis Inc.
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Recent Developments in the Market:
In August 2022, the researchers and bioinformatics core of University of Lethbridge’s Southern Alberta Genome Science Centre (SAGSC) collaborated with scientists at agriculture and agri-food Canada with the aim to develop viable solutions to mitigate bovine respiratory diseases.
In March 2022, Merck Animal Health, a division of Merck & Co., Inc., known as MSD Animal Health outside the United States and Canada, received FDA approval for AROVYN (tulathromycin injection) – a broad-spectrum, prescription antibiotic that treats the major organisms associated with bovine respiratory disease (BRD), foot rot, and pinkeye.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Treatment:
Vaccines,
Antibiotics,
NSAIDs,
Immunomodulators,
Other Treatment Types
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By Disease:
Lower Respiratory Tract Infections,
Upper Respiratory Tract Infections,
Diphtheria
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report answers the following key questions:
- How big is the market as a whole in 2021? What rate of market expansion is anticipated between 2022 to 2030?
- Which region would experience a high demand for goods in the years to come?
- What are the variables promoting the market’s expansion?
- Which sub-market will have the most impact on the market?
- What market opportunities exist for established and new players?
- What different short-term and long-term tactics have the market players adopted?
With regard to the COVID-19 Outbreak Impact Analysis:
- In light of COVID-19, the report examined market trends.
- On the basis of the upstream and downstream markets, the study examined COVID-19’s effects on the manufacturing industry’s supply chain.
- We examine how COVID-19 has affected diverse regions and significant nations.
- It is noted how COVID-19 will affect the industry’s future growth.
Examined in the study are:
- Market behavior, risk, and opportunity levels
- An assessment of end-industry behavior and opportunity
- An anticipated timeline for industry recovery.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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