Exploring Bovine Mastitis Market 2023 : Projected to Witness Substantial Expansion, CAGR of 6.3%, Claims AMR
How Big is the Bovine Mastitis Market ?
Bovine mastitis, a condition characterized by inflammation in the udder tissue of the mammary gland, stems from either physical injury or microbial infections. It stands as a prevalent affliction in the dairy sector, causing significant economic setbacks owing to decreased milk production and compromised milk quality.
The bovine mastitis market was valued at $0.54 billion in 2021 and is estimated to reach $1.01 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.
• CAGR: 6.3%
• Current Market Size: USD 0.54 Billion
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2021- 2031
• Base Year: 2021
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 of Report : https://www.alliedmarketresearch.com/request-sample/17988
Drivers-
- Anticipated growth in the Bovine Mastitis Industry is primarily attributed to the mounting prevalence of bovine mastitis and an expanding awareness regarding the condition. Notably, an article published in 2020 by IntechOpen highlighted a 31.55% prevalence of subclinical mastitis in cows, with the highest prevalence observed in the 5–7 years age group at 38.50%.
- With the dairy animal population on the rise, significant market players are dedicating efforts to R&D initiatives to develop effective treatments, further fueling market expansion. Various factors, including environmental influences, pathogens, physical trauma to the mammary area, and inadequate hygiene practices, contribute to the increased prevalence of bovine mastitis.
- Additionally, the Bovine Mastitis Industry is benefiting from amplified research endeavors focused on the development of advanced treatment methodologies, coupled with the steady influx of product launches and approvals.
Regional Analysis
In 2021, the Asia-Pacific region captured the largest portion of the bovine mastitis market share. It is anticipated to maintain its global dominance in the foreseeable future, primarily due to its robust animal healthcare infrastructure, notable advancements in bovine mastitis treatments, and the concentration of dairy farms. Conversely, the LAMEA region is projected to experience substantial growth, driven by a surge in product introductions, a notable upswing in animal healthcare spending, and a growing count of dairy farms.
KEY FINDINGS OF THE STUDY
- On the basis of products, the antibiotics segment was the highest contributor to the market in 2021.
- Based on the route of administration, the systemic segment was the highest contributor to the market in 2021.
- Depending on the end user, the on-site treatment segment was the highest contributor to the market in 2021.
- Region-wise, Asia-Pacific garnered the largest revenue share in 2021, whereas LAMEA is anticipated to grow at the highest CAGR during the forecast period
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (300 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @ https://www.alliedmarketresearch.com/bovine-mastitis-market/purchase-options
By application, the on-site treatment segment dominated the Bovine Mastitis Market Share in 2021, and this trend is expected to continue during the forecast period, owing to a rise in the number of veterinarians and an increase in demand of advanced treatment. However, the veterinary hospitals & clinics segment is expected to witness considerable growth during the forecast period, due to an increase in the number of veterinary hospitals & clinics and a rise in healthcare expenditures.
𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐛𝐨𝐯𝐢𝐧𝐞 𝐦𝐚𝐬𝐭𝐢𝐭𝐢𝐬 𝐦𝐚𝐫𝐤𝐞𝐭
• Armenta Ltd.,
• Boehringer Ingelheim Gmbh,
• Ecolab Inc.,
• Forte Healthcare Ltd.,
• Huvepharma nv,
• Merck KGaA,
• Mileutis Ltd,
• Neogen Corporation,
• Thermo Fisher Scientific Inc,
• Zoetis Inc.
𝐅𝐨𝐫 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐢𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬: https://www.alliedmarketresearch.com/purchase-enquiry/17988
Bovine Mastitis Market Segmentation
| By Product |
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| By Route of administration |
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| By Application |
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| By Region |
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Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Bovine Mastitis Market Forecast from 2021 to 2031 to identify the prevailing Bovine Mastitis Market Opportunity.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the bovine mastitis market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the Bovine Mastitis Market Analysis of the regional as well as global bovine mastitis market trends, key players, market segments, application areas, and market growth strategies.
𝑶𝒕𝒉𝒆𝒓 𝑻𝒓𝒆𝒏𝒅𝒊𝒏𝒈 𝑹𝒆𝒑𝒐𝒓𝒕𝒔 𝒊𝒏 𝑳𝒊𝒇𝒆 𝑺𝒄𝒊𝒆𝒏𝒄𝒆 𝑫𝒐𝒎𝒂𝒊𝒏-
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