0

Bovine Mastitis Market Expected to Reach $1.01 Billion by 2031—Allied Market Research

 
2022
Bovine Mastitis Market

Report Code : A17539

quote The rise in demand of dairy industry, increase in government initiatives, and advancement in bovine mastitis treatment are expected to notably contribute toward the growth of the global bovine mastitis market during the forecast period quote

Onkar Sumant - Manager
Life Sciences at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Bovine Mastitis Market," 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.

Mastitis in cows is one of the most prevalent illnesses affecting the dairy food industry. Bovine mastitis is an inflammation of the mammary gland in cattle due to injury or illness that results in abnormal and reduced milk output.

The increase in the prevalence of bovine mastitis and the rise in the incidence of cow injury drive the growth of the Bovine Mastitis Market Size. For instance, according to a research article published on August 2020, in Veterinary Medicine International, a publisher of original research articles and review articles in all areas of veterinary research, the overall prevalence of mastitis reported was 80% in Kenya. Bovine mastitis is mainly caused by various bacterial & fungal infections such as Pasteurella multocida, Staphylococcus aureus, Str. zooepidemicus, Str. agalactiae, Str. Pyogenes, Str. faecalis, and Aspergillus fumigatus.

Furthermore, the rise in the number of dairy farms and surge in the production of dairy products drive the growth of the Bovine Mastitis Market Size. The increase in demand for dairy products and an upsurge in milk production propel the growth of the Bovine Mastitis Industry. For instance, according to the United States Department of Agriculture (USDA’s) Milk Production report, the annual milk production in the U.S. in 2020 was 223 billion pounds, increasing just over 2% from the 218 billion pounds produced in 2019.

Moreover, Bovine Mastitis Market Trends that drive the growth of the bovine mastitis market include R&D for the development of bovine mastitis, an increase in product approvals, and new products launched in the Bovine Mastitis Industry. In addition, the integration of artificial intelligence (AI) with veterinary health and treatment further contributes to the growth of the market. In addition, increasing initiatives by government & non-government organizations and a rise in funding for veterinary care propels the growth of the market. For instance, in October 2020, NovaQuest Capital Management LLC, a leading investor in life sciences and healthcare, announced a $20 million (USD) product financing agreement with Mileutis Ltd., an Israeli biopharmaceutical company, to help mitigate the use of antibiotics on animals. NovaQuest’s investment is expected to drive the continued development and commercialization of Mileutis’ novel, biologically sourced, and residue-free therapies for animal health. Furthermore, the rise in concern for veterinary care and improvements in animal healthcare facilities in developing nations contribute to the growth of the Bovine Mastitis Market Forecast.

The bovine mastitis market is segmented into product, route of administration, end-user, and region.

On the basis of product, the market is divided into antibiotics and others. The antibiotics segment has the largest market share in 2021, and this trend is expected to continue during the Bovine Mastitis Market Analysis period, owing to new product launches and the high efficiency of antibiotics.

By route of administration, the market is categorized into intramammary and systemic. The systemic segment have the largest market share in 2021, and this trend is expected to continue during the forecast period, owing to an increase in product approvals and advancements in bovine mastitis treatment.

Depending on the end-user, the market is classified into veterinary hospitals & clinics and on-site treatment. The on-site treatment segment has the largest market share in 2021, and this trend is expected to continue during the forecast period, owing to growth in the dairy farm industry and a rise in the number of veterinarians.

Asia-Pacific accounted for a majority of the global bovine mastitis market share in 2021 and is anticipated to remain dominant during the forecast period. This is attributed to the large dairy industry and the presence of key players in the region. LAMEA is anticipated to witness lucrative growth, owing to the growing dairy industry and rise in demand for dairy products.

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
 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Bovine Mastitis Market by Product (Antibiotics, Other), by Route of administration (Intramammary, Systemic), by Application (Veterinary Hospitals and Clinics, On-site Treatment): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date May 2024

Luggage Market

Download Sample
rep-img

Published Date May 2024

TEST SFR Market

Download Sample

Buy Full Version
"Bovine Mastitis Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers