openPR Logo
Press release

Bovine Respiratory Disease Treatment Market | Evolving Technology, Trends and industry Analysis – 2024

09-07-2017 05:35 PM CET | Health & Medicine

Press release from: Transparency Market Research

Bovine Respiratory Disease Treatment Market | Evolving

The Global Market For Bovine Respiratory Disease Treatment features a highly consolidated competitive landscape despite the presence of a large number of regional players, observes a recent report by Transparency Market Research. Owing to the small duration of product exclusivity in the animal health care industry – about three to five years - competition from generics and over-the-counter (OTC) products is a big threat.

The rising consumption of bovine products in emerging economies such as India, China, and Brazil, the demand for effective treatment methods for respiratory disease has considerably increased. To exploit the vast growth potential, an increasing number of companies are establishing operations in these countries. A recent example is the 2016 collaboration between Merial and Zoetis, Inc., which is expected to allow the former to effectively market and distribute its product in India. Some of the other key companies in the market are Merck & Co., Inc., Bayer AG, Elanco, Boehringer Ingelheim GmbH, and Virbac Group.

TMR estimates that the global bovine respiratory disease treatment market will exhibit a promising 7.6% CAGR from 2016 through 2024. At this rate, the market, which had a valuation of US$805.9 mn in 2015 is projected to reach US$1,543.9 mn by 2024.

View Report-

Asia Pacific to Lead to Lucrative Growth Opportunities

In terms of distribution channel, the segment of veterinary hospitals dominated, accounting for nearly 35% of the global market in terms of revenue in 2015. From a geographic perspective, North America which held nearly 37% of the market in 2015, dominated the global market and is expected to easily retain its dominance over the forecast period as well. However, owing to the rising population of cattle and the rising incidences of bovine respiratory diseases, the Asia Pacific market will emerge as one of the most lucrative regional markets for bovine respiratory disease treatment methods.

Rising Consumption of Animal Protein to Remain High-impact Driver

Of the key factors driving the market, the rising consumption of beef is expected to have a prominent impact on the overall development of the market over the forecast period. According to a World Bank Group survey (2016), global human population is estimated to be 7.4 billion in 2016 and is growing at a rate of 1.8% per year. To sustain the ever rising demand for beef as well as other animal products from this mounting global population, there would be a vast rise in the world’s cattle population in the near future. According to the Food and Agriculture Organization (FAO), the global cattle population will increase by 73% between 2015 and 2050, from nearly 936 mn in 2015 to nearly 2.6 bn in 2050.

As bovine respiratory diseases account for 65% to 80% of morbidity and 45% to 75% mortality rate in livestock animals, the rising cattle population will also intensify the need for effective treatment modalities for these diseases. This will have a significant positive impact on the global bovine respiratory disease treatment market.

Request to download brochure and view full ToC -

Strict Government Regulations to Restrain Market

Several studies have demonstrated that bovine antibiotics can have a highly negative impact on human health. Issues such as induction of antimicrobial-resistant bacteria and disruption of normal human intestinal flora are commonly observed in individuals who consume animal products with excessive amount of antibiotics. According to The New York Times, around 2 million people in the U.S. fall sick every year and about 23,000 of them die from antibiotic-resistant infections induced due to consumption of such products.

These factors have urged government bodies to regulate the use of antibiotic therapeutics in animals too. In December 2013, the Food and Drug Administration (FDA) enforced a new policy related to the limited use of antibiotics in production animals. This is likely to hamper the growth of the bovine respiratory disease treatment market over the forecast period.

Request to view Sample Report -

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453



This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bovine Respiratory Disease Treatment Market | Evolving Technology, Trends and industry Analysis – 2024 here

News-ID: 704119 • Views: 351

More Releases from Transparency Market Research

Ride-on Trowel Market Insights,Share,Demand and Analysis of Key Players
Some of the prominent players operating in the Ride-on Trowel Market Insights are Allen Engineering, Bartell Machinery Systems, Atlas Copco, Shanghai Dragon Construction Equipment Co., Ltd., Multiquip-Whiteman, Masterpac, MBW Inc., Ltd., Parchem Construction Supplies Pty. Ltd., Shanghai Dynamic Construction Machinery Co. Ltd. and Wacker Neuson, finds Transparency Market Research (TMR). Several of these players are offering a wide product portfolio featuring user-friendly, ergonomic control systems for various applications and are
Analysis of COVID-19 Crisis-driven Growth Opportunities in Rainwater Harvesting …
Key Highlights In terms of value, the global rainwater harvesting market is anticipated to expand at a CAGR of ~6% from 2019 to 2027 The earth’s surface is covered with about 70% of water; however, 97% of the total water available on the earth is saline and only 3% of it is fresh water. Out of the total fresh water available, ~70% is in the form of snow cover and glaciers, ~31%
Lactic Acid Market Sales, Share and Forecasts by 2023
Some of the leading players in the global lactic acid market and polylactic acid market are Futerro SA, Teijin Ltd., Zhejiang Hisun Biomaterials Co., Ltd., Synbra Technology BV, Archer Daniels Midland Company, Henan Jindan Lactic Acid Technology Co., Ltd., NatureWorks LLC, and Corbion NV., notes Transparency Market Research (TMR). Read report Overview- The global lactic acid market stood at US$1,130.4 Mn in 2014 and is estimated to reach US$3,381.8 Mn by the
Chiropractic Care Market Pegged for Robust Expansion by 2024
This report analyzes in detail the global market for chiropractic care, complete with annual forecasts and estimates. The report is designed to help entities operating within the chiropractic care market, or those looking to enter the market, to gain a comprehensive understanding of its landscape. Our team of seasoned analysts offers you insights into market growth drivers as well as inhibitors. This research report titled ‘Chiropractic Care Market - Global Industry

All 5 Releases

More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the