A recent report published by Infinium Global Research on bovine respiratory disease treatment market provides an in-depth analysis of segments and sub-segments in global as well as regional bovine respiratory disease treatment market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional bovine respiratory disease treatment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global bovine respiratory disease treatment market. According to the report the global bovine respiratory disease treatment market is projected to grow at a CAGR of 6.60% over the forecast period of 2018-2024.
Bovine respiratory disease is a commonly occurring respiratory disorder among cattle that may result from a single or a number of factors combined. It is usually caused by a combination of stress and disease-causing agents that includes viruses and bacteria. The global market size of bovine respiratory disease treatment market was worth USD XX million and it is projected to reach to USD XX million by 2024 The factors responsible for driving the growth of bovine respiratory disease treatment includes the development of novel products and increase in preventive measures against bovine respiratory disease. Furthermore, the increase in cattle population across the globe to meet the growing demand for meat consumption. This increase in cattle population is likely to increase chances of bovine respiratory disease among cattle that may facilitate growth in bovine respiratory disease treatment market. However, less awareness about the bovine respiratory disease and its treatment, particularly in developing and underdeveloped regions are some of the restraints that are likely to hinder the growth in the bovine respiratory disease treatment market. Furthermore, the advancement of vaccines to treat BRD is likely to boost the bovine respiratory disease market.
Among the regions, North America is expected to dominate the bovine respiratory disease treatment market in 2017, followed by Europe. U.S is responsible for driving the North America region owing to increasing awareness about the disease and its treatment, high consumption of beef among its citizen, export of beef and presence of companies responsible for manufacturing vaccines for BRD. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to raising awareness about BRD disease and its treatment.
The report on global bovine respiratory disease treatment market covers segments such as disease type, treatment type, and distribution channel. On the basis of disease type the global bovine respiratory disease treatment market is categorized into pneumonia, upper respiratory tract infections, and diphtheria. On the basis of treatment type, the global bovine respiratory disease treatment market is categorized into vaccines, antibiotics, immunomodulators, and others. On the basis of the distribution channel, the global bovine respiratory disease treatment market is categorized into hospitals, clinics, research institutions, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global bovine respiratory disease treatment market such as Bayer AG, Boehringer Ingelheim GmbH, Bimeda Animal Health, Elanco, Vetoquinol, Merial, Zoetis Services LLC, and Virbac Group.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global bovine respiratory disease treatment market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of bovine respiratory disease treatment market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the bovine respiratory disease treatment market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the bovine respiratory disease treatment market to understand the present and future trends in this market and formulate their strategies accordingly.
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