Global Bovine Respiratory Diseases Treatment Market- Segmented by Treatment Type, Disease Type, Distribution Channel, and Geography - Growth, Trends, and Forecast (2022 - 2030)
The global Bovine Respiratory Disease Treatment Market is expected to register a CAGR of 11.5% during the forecast period, 2018-2023. Bovine Respiratory Disease (BRD) is the general term used for respiratory diseases in cattle or bovines. BRD is usually caused by both viral and bacterial pathogens, and can affect the lower respiratory tract and upper respiratory tract. Factors such as the rising incidence of BRD, increasing consumption of beef, and changing environmental factors are propelling the growth of the market, over the forecast period.
Increasing Consumption of Beef Propels the Bovine Respiratory Disease Treatment Market
The increasing consumption of beef and rising population are major factors driving the growth of the market over the forecast period. The increase in beef consumption is due to the rising population and increasing disposable income, across the world. The rising demand for beef, globally, is augmenting the growth of the bovine respiratory disease treatment market. BRD has a negative impact on both the dairy and beef industries, due to calf mortality, additional labor costs, and treatment expenses. In addition, BRD adversely affects the reproductive performance, growth, and life span of cattle. Hence, there is huge necessity of BRD treatment in the market. Moreover, to meet the increasing demand for beef, most of the countries in the world are increasing the production of cattle meat. The rising demand for beef, coupled with increasing production of the same, leads to growing emphasis on BRD treatment.
Complexities Associated with the Diagnosis of BRD Restrain the Growth of the BRD Treatment Market
BRD is a multi-factorial disorder that is caused as a sum of various codependent factors, such as stress, viral infection, bacterial infection, and environmental factors. The diagnosis of this disease is complex, as there can be a multiple possible causes of BRD. Animals suffering from BRD often show signs of depression, weight loss, cough, mucopurulent or purulent nasal discharge, fever, increased respiratory rate, and abnormal pulmonary sound in auscultation. The presumptive diagnosis after physical examination is, however, difficult, owing to the similarities of clinical signs and variation of possible bacteria. Thus, the difficulties associated with diagnosis of BRD expected to restrain growth of the market. In addition, the lack of knowledge about bacterial agents and microbial diagnosis for BRD is another reason restraining growth of the market. Hence the physical examination is the only way to help this activity.
North America to Dominate the Bovine Respiratory Disease Treatment Market
North America dominates the bovine respiratory disease treatment market, owing to the increasing domestic production, consumption, and export of bovine meat. According to the estimates of the United Nations Food and Agricultural Organization (UNFAO) for the year 2015-2016, America produced approximately 30 million tonnes of the meat, and it is expected to rise, owing to a rise in population. BRD is the most common endemic disease among North American feedlot cattle. According to the estimates of the Beef Cattle Research Council, BRD accounts for 65-80% of the morbidity and 45-75% of the mortality in the feedlots. Thus, the increasing consumption and production of bovine meat and rising cases of BRD are expected to propel the growth of the bovine respiratory disease treatment market in the region, over the forecast period.
Key Developments in the Market
• Sept 2017 : Merck Animal Health announced the launch of the Whisper Veterinary Stethoscope System, a tool specifically designed to evaluate lung disease severity, for more accurate diagnosis of bovine respiratory disease (BRD).
Major Players - BAYER AG, BIMEDA, BOEHRINGER INGELHEIM GMBH, CEVA, ELANCO, MERCK & CO., INC., VETOQUINOL, VIRBAC GROUP, and ZOETIS SERVICES LLC among others.
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• The current and future outlook of the global surgical microscopes market in the developed and emerging markets
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• The segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the market estimate sheet (in Excel)
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• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Increasing Consumption of Beef Propels the Bovine Respiratory Disease Treatment Market
The increasing consumption of beef and rising population are major factors driving the growth of the market over the forecast period. The increase in beef consumption is due to the rising population and increasing disposable income, across the world. The rising demand for beef, globally, is augmenting the growth of the bovine respiratory disease treatment market. BRD has a negative impact on both the dairy and beef industries, due to calf mortality, additional labor costs, and treatment expenses. In addition, BRD adversely affects the reproductive performance, growth, and life span of cattle. Hence, there is huge necessity of BRD treatment in the market. Moreover, to meet the increasing demand for beef, most of the countries in the world are increasing the production of cattle meat. The rising demand for beef, coupled with increasing production of the same, leads to growing emphasis on BRD treatment.
Complexities Associated with the Diagnosis of BRD Restrain the Growth of the BRD Treatment Market
BRD is a multi-factorial disorder that is caused as a sum of various codependent factors, such as stress, viral infection, bacterial infection, and environmental factors. The diagnosis of this disease is complex, as there can be a multiple possible causes of BRD. Animals suffering from BRD often show signs of depression, weight loss, cough, mucopurulent or purulent nasal discharge, fever, increased respiratory rate, and abnormal pulmonary sound in auscultation. The presumptive diagnosis after physical examination is, however, difficult, owing to the similarities of clinical signs and variation of possible bacteria. Thus, the difficulties associated with diagnosis of BRD expected to restrain growth of the market. In addition, the lack of knowledge about bacterial agents and microbial diagnosis for BRD is another reason restraining growth of the market. Hence the physical examination is the only way to help this activity.
North America to Dominate the Bovine Respiratory Disease Treatment Market
North America dominates the bovine respiratory disease treatment market, owing to the increasing domestic production, consumption, and export of bovine meat. According to the estimates of the United Nations Food and Agricultural Organization (UNFAO) for the year 2015-2016, America produced approximately 30 million tonnes of the meat, and it is expected to rise, owing to a rise in population. BRD is the most common endemic disease among North American feedlot cattle. According to the estimates of the Beef Cattle Research Council, BRD accounts for 65-80% of the morbidity and 45-75% of the mortality in the feedlots. Thus, the increasing consumption and production of bovine meat and rising cases of BRD are expected to propel the growth of the bovine respiratory disease treatment market in the region, over the forecast period.
Key Developments in the Market
• Sept 2017 : Merck Animal Health announced the launch of the Whisper Veterinary Stethoscope System, a tool specifically designed to evaluate lung disease severity, for more accurate diagnosis of bovine respiratory disease (BRD).
Major Players - BAYER AG, BIMEDA, BOEHRINGER INGELHEIM GMBH, CEVA, ELANCO, MERCK & CO., INC., VETOQUINOL, VIRBAC GROUP, and ZOETIS SERVICES LLC among others.
Reasons to Purchase the Report
• The current and future outlook of the global surgical microscopes market in the developed and emerging markets
• Analysis of various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the market estimate sheet (in Excel)
Customization of the report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
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