The global cattle health market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing research and development in the health cattle sector.
The cattle healthcare includes diagnosis and treatment of cattle. The cattle health involves common health problems such as foot rot, grass tetany, back leg, and other bovine diseases such as tetanus and rabies. In the cattle health various methods are used such as stress-free environment for cattle, monitor the cattle feed consumption, regular and time to time vaccination to keep the cattle healthy.
The Covid-19 pandemic has less affected on the global cattle health market compared to other markets. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturer to slow down in the cattle health sector leading to unfortunate decline in market growth. Traditional veterinary practices grow significantly because of adoption of telehealth and consulting solutions.
Market Trends, Drivers, Restraints, and Opportunities
- European and Asia pacific countries are focusing more on the cattle health and taking several initiatives for the same, which is estimated to drive the cattle health market.
- Increasing beef consumption has fueled the global cattle health market during the forecast period.
- Rising demand for animal protein in the market is projected to drive the global cattle health market.
- High cost associated with animal health and lack of awareness about the animal health is estimated to hamper the cattle health market.
- Owing to involvement of the government and rising focus on cattle health is fueling the cattle health market during the forecast period.
Scope of the Report
The report on the global cattle health market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Cattle Health Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Product Types (Therapeutics [Vaccine, Parasiticide, Anti-infective, and Medical Feed Additive], Diagnostics [Immunodiagnostic Test, Molecular Diagnostics, Diagnostic Imaging, and Clinical Chemistry])
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Bayer AG; Elanco Animal Health; Zoetis Inc.; Ceva Sante Animal; Boehringer Ingelheim
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Market Segment Insights
The vaccine segment is expected to grow at a rapid pace
On the basis of product types, the global cattle health market is bifurcated into therapeutics and diagnostics. The therapeutics segment is further segregated into vaccine, parasiticide, anti-infective, and medical feed additive. The diagnostics segment is further fragmented into immunodiagnostic test, molecular diagnostics, diagnostic imaging, and clinical chemistry. The vaccine segment is expected to grow at a rapid pace. The vaccines are used to protect the beef cattle from different kinds of microorganisms, such as bacteria, viruses, and protozoans. The toxoids and killed vaccines are available for various diseases and cause the allergic reaction. On the other hand, the medical feed additives segment is expected to hold a key share of market during the forecast period because of increment in the beef consumption.
North America is anticipated to constitute a key market share
In terms of regions, the global cattle health market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key market share during the projected period due to increasing research and development in the cattle health sector and also technological innovation is estimated to drive the market. Cattle health products are very important for increasing the cattle population and health of the cattle.
Segments
Segments Covered in the Report
The global cattle health market has been segmented on the basis of
Product Types
- Therapeutics
- Vaccine
- Parasiticide
- Anti-infective
- Medical Feed Additive
- Diagnostics
- Immunodiagnostic test
- Molecular Diagnostics
- Diagnostic Imaging
- Clinical Chemistry
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key players
- Bayer AG
- Elanco Animal Health
- Zoetis Inc.
- Ceva Sante Animal
- Boehringer Ingelheim
Competitive Landscape
Some of the key players competing in the global cattle health market include Bayer AG; Elanco Animal Health; Zoetis Inc.; Ceva Sante Animal; Boehringer Ingelheim.
These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market. The Zoetis Inc. launches new Draxxin KP, a combination treatment for bovine respiratory diseases.
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