Bovine Respiratory Disease Treatment Market
Bovine Respiratory Disease Treatment Market (Treatment Type - Vaccines, Antibiotics, NSAIDs, and Immunomodulators; Disease Type - Upper Respiratory Tract Infections, Pneumonia (Lower Respiratory Tract Infection), and Diphtheria; Distribution Channel - Veterinary Hospitals, Veterinary Clinics, Private Veterinary Pharmacies, and Veterinary Research Institutes) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Press Release :
Bovine Respiratory Disease Treatment Market (Treatment Type - Vaccines, Antibiotics, NSAIDs, and Immunomodulators; Disease Type - Upper Respiratory Tract Infections, Pneumonia (Lower Respiratory Tract Infection), and Diphtheria; Distribution Channel - Veterinary Hospitals, Veterinary Clinics, Private Veterinary Pharmacies, and Veterinary Research Institutes) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024
Bovine Respiratory Disease Treatment Market: Snapshot
Lately, there is surge in the demand for beef meat as human population is increasingly relying on beef to meet their protein requirement. However, consumption of beef meat sourced from cattle with bovine respiratory diseases can severely impact the health of human population.
Meanwhile, bovine respiratory disease occurs due to multiple factors. Some of the factors include- shipping, weaning, weather, nutrition, mixing cattle among multiple sources, and respiratory viruses (BRSV, IBR, PI3, and BVD). Usually, the disease occurs frequently in the beef of calves between 70-170 days old, and it is communicable in nature.
The disease is captivating much attention in recent years as it is impacting the beef industry globally. In order to reduce the negative impact of bovine respiratory disease on entire beef industry, effective prevention measures and treatment is required.
Owing to the revenue being spent on bovine disease treatment globally, the bovine respiratory disease treatment market is projected to grow in coming years. As per the research report published by Transparency Market Research, the bovine respiratory disease treatment is likely to advance at a CAGR of 7.6% in between 2016 and 2024. The market value will reach to US$1543.9 mn by 2024.
Pulmonary Care and Preventive Measures Fuelling Advancement in Treatment Procedures
There are multiple treatment options available for bovine respiratory diseases around the globe. Also, research is going on for the advanced treatment of bovine respiratory disease. This factor is most likely to contribute to the stellar growth of global bovine respiratory disease treatment market.
On the other hand, over the counter medication may cause severe side effects on the affected cattle. As a result of this, the market may experience hindrance in the growth of bovine respiratory disease treatment market. However, ongoing change in pattern the cattle care along with emphasis on pulmonary carry is most likely to fuel the expansion of global bovine respiratory disease treatment market.
On the basis of healthcare center, veterinary hospitals is likely to hold prominence in the expansion of global bovine respiratory disease treatment market. This is because veterinary hospitals have various treatment provision and procedures can be carried out easily under one roof. Veterinary clinics allow one-to-one attention, hence, provides extensive procedure options for the treatment of bovine respiratory diseases. Further, veterinary pharmacies have substantial growth potential owing to the rising demand for drugs for both prevention and treatment of bovine disease. This segment is likely to grow steadily in global bovine respiratory disease treatment market.
Inclination Towards Consumption of Meat Demanding Better Treatment Options
North America has major share in the growth of global bovine respiratory disease treatment market, wherein the U.S. contributes 90% alone. The bovine respiratory disease treatment market is expanding because of increasing in-house production as well as excess consumption of bovine meat in the region. Also, the U.S. is also into the export business of bovine meat.
In spite of huge number of players in the bovine respiratory disease treatment market, the business landscape is a consolidated one. As a result, there is a high degree of competition in the market. Some of the prominent players in the bovine respiratory disease treatment market space are- Merck & Co., Bayer AG, Boehringer Ingelheim GmbH, Virbac Group, Elanco, Bimeda Animal Health, Zoetis Services LLC, Merial, Vetoquinol, and Ceva.
Bovine Respiratory Disease Treatment Market to Gain Impetus from Increasing Cases of respiratory Disorders
There is flood in the interest for hamburger meat as human populace is progressively depending on meat to meet their protein prerequisite. Be that as it may, utilization of hamburger meat sourced from cows with bovine respiratory illnesses can seriously affect the strength of human populace. Additionally, bovine respiratory infection happens because of numerous elements. A portion of the variables incorporate delivery, weaning, climate, nourishment, blending dairy cattle among different sources, and respiratory infections like BVD, BRSV, IBR, and PI3. Generally, the infection happens often in the hamburger of calves between 70-170 days old, and it is transmittable in nature. The illness is enamoring a lot of consideration as of late as it is affecting the hamburger business around the world. To decrease the adverse consequence of bovine respiratory sickness on whole meat industry, compelling anticipation measures and therapy is required. Attributable to the income being spent on bovine infection treatment internationally, the bovine respiratory illness treatment market is projected to fill in the coming years.
The field of pneumonic medicines has acquired footing across the globe as of late. This factor is projected to get voluminous incomes into the worldwide bovine respiratory infection treatment market in the years to come. Moreover, patients experiencing bovine respiratory illness are at a danger of obtaining a few different sicknesses and issues. This factor has additionally assumed a critical part in the development of the worldwide bovine respiratory sickness therapy market. Additionally, the enormous measures of cash spend on medical care and sickness therapy across the world has likewise given a stimulus to the development of the worldwide bovine respiratory infection therapy market.
There are various treatment alternatives accessible for bovine respiratory illnesses all throughout the planet. Additionally, research is continuing for the high level treatment of bovine respiratory sickness. This factor is destined to add to the heavenly development of worldwide bovine respiratory infection treatment market.
Global Bovine Respiratory Disease Treatment Market: Overview
Bovine respiratory disease (BRD) is a multifactorial and complex disorder caused due to combination of more than one microbial pathogens, impaired host immunity, inadequate housing conditions, and environmental factors. The major factor leading to bovine respiratory diseases are host factors, environmental factors, and direct influence of infectious agents such as virus, bacteria, and parasites. However, due to increasing consumption of milk and beef products, the need for bovine respiratory disease treatment has increased across the globe.
Moreover, according to the World Bank Group (2016), global human population is estimated to be 7.4 billion in 2016 and is growing at a rate of 1.8% per year. Hence, demand for beef has increased due to rising population and increasing disposable income across the world. The rising demand for high quality bovine derived products is influencing the bovine respiratory disease treatment market. Despite of innovations in veterinary medicines and advancement in technology, bovine respiratory disease is the leading cause to impact negatively on both the dairy and beef industries due to calf mortality, additional labor cost and treatment expenses. Moreover, bovine respiratory disease affects adversely on reproductive performance, growth and longevity of cattle. Hence, prevention and treatment of bovine respiratory disease have become important to decrease the impact on animal production and the beef industry. Therefore, the bovine respiratory disease treatment market is anticipated to witness significant growth in terms of revenue during the forecast period.
Global Bovine Respiratory Disease Treatment Market: Segmentation
In terms of treatment type, the bovine respiratory disease treatment market has been categorized into vaccines, antibiotics, NSAIDs, and immunomodulators. Causative agents such as viruses leading to bovine respiratory disease have no direct treatment. Hence, vaccination is the preferred choice of preventive action against the disease. This increase market potential for vaccines. However, virus infected cattle is exposed to bacteria, parasites, and various other factors. Therefore, antibiotics are the preferred choice of treatment for bovine respiratory diseases. Effective treatment and significant demand has increased the scope for antibiotics in the bovine respiratory disease treatment market.
However, according to NCBI report, combination treatment with anti-inflammatory drugs such as NSAIDs has better results over the monotherapy of antibiotics. This has led to increase in usage of NSAIDs in bovine respiratory disease treatment. Bovine respiratory disease is generally treated with several combination therapies. However, growing resistance to antibiotics and drying pipeline has increased demand for novel treatment options for which cattle do not develop resistance, and consequently there is no impact on human life.
Development of newer generation antibiotics for cattle is anticipated to drive the global bovine respiratory disease treatment market during the forecast period. In order to avoid the issue of antibiotics resistance in bovine population, preventive measures such as vaccination and immunomodulators has observed increased global acceptance against the bovine respiratory disease. Hence, preventive treatment is gaining momentum due to growing awareness about the negative impact of antibiotics on human health. This has driven the market for immunomodulators, vitamin injections, and other immunity building products.
In terms of disease type, the market has been segmented into upper respiratory tract infections, diphtheria, and pneumonia (lower respiratory tract infection). Upper respiratory tract infections dominated the global bovine respiratory disease market, accounting for significant share in terms of revenue in 2015. Respiratory infections first affect the upper respiratory tract, which is also the most vulnerable region, followed by other parts of the respiratory tract. Diphtheria accounted for significant share of the bovine respiratory disease treatment market in 2015. Pneumonia (lower respiratory tract infection) accounted for high market share, followed after upper respiratory tract infection in 2015. Hence, early detection of infection is important in bovine respiratory diseases treatment.
In terms of distribution channel, the global bovine respiratory disease treatment market has been segmented into veterinary hospitals, veterinary clinics, private veterinary pharmacies, and veterinary research institutes. Veterinary hospitals dominated the global bovine respiratory disease market in 2015. The segment dominated the market due to factors such as rising population of cattle which increases prevalence of bovine respiratory diseases. The private veterinary pharmacies distribution channel segment is projected to register significant CAGR during the forecast period. The segment is likely to witness strong growth in most of the emerging parts of the world and preference for medicines from private veterinary pharmacies for bovine serum respiratory diseases. However, the veterinary clinics and veterinary research institutes segments are expected to grow steadily as majority of procedures are carried out in veterinary hospitals.
Global Bovine Respiratory Disease Treatment Market: Geographical and Competitive Dynamics
Geographically, the bovine respiratory disease treatment market has been categorized in five major regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America held the major share of the global bovine respiratory disease treatment market in 2015, where the U.S. dominates the market in terms of revenue. Europe accounted for a significant share of the market in 2015. Changing environmental factors, growing prevalence of causative agents for respiratory disease, increasing demand for quality bovine products, and rising bovine population are the key factors driving the bovine respiratory disease treatment market in Europe. Asia Pacific is the largest producer of bovine livestock. Hence, it presents significant opportunities in the bovine respiratory disease treatment market. India and China are the key markets for bovine respiratory disease treatment, as these have largest livestock population compared to other countries across the globe. Latin America and Middle East & Africa have comparatively smaller markets for bovine respiratory disease treatment. However, Brazil, Mexico, and Argentina are the emerging markets in Latin America due to significant number of livestock population.
Key players operating in the global bovine respiratory disease treatment market are Merck & Co., Inc., Zoetis Services LLC, Bayer AG, Elanco, Merial, Boehringer Ingelheim GmbH, Virbac Group, Ceva, Vetoquinol, and Bimeda Animal Health, among others.
The bovine respiratory disease treatment market has been segmented as follows:
Global Bovine Respiratory Disease Treatment Market, by Treatment Type
Global Bovine Respiratory Disease Treatment Market, by Disease Type
- Upper Respiratory Tract Infections
- Pneumonia (lower respiratory tract infection)
Global Bovine Respiratory Disease Treatment Market, by Distribution Channel
- Veterinary Hospitals
- Veterinary Clinics
- Private Veterinary Pharmacies
- Veterinary Research Institutes
Global Bovine Respiratory Disease Treatment Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of APAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- North Africa
- Rest of MEA
- Latin America
- Rest of Latin America