Pune, Maharashtra -- (SBWire) -- 07/28/2023 --HTF MI started a latest business research with the Global Bovine Mastitis Market Study Forecast till 2029. This Bovine Mastitis market report brings data for the estimated year 2023 and forecasted till 2029 in terms of both, value (USD Million) and volume (MT) Market. The study is conducted by applying both top-down and bottom-up approaches and further iterative methods used to validate and size market estimation and trends of the Bovine Mastitis market. Additionally, to complement insights EXIM data, consumption, supply and demand Figures, raw price analysis, market revenue, and gross margins. Some of the companies listed in the research study are Zoetis, Merck Animal Health (Merck & Co., Inc.), Boehringer Ingelheim, Elanco, Ceva, Ecolab, West Way Health, Deosan, BouMatic, Stearns Packaging Corporation, Armenta, Praj Industries, Virbac etc.
Market Snapshot
Bovine mastitis refers to the inflammation of the mammary gland in cows, which can result in reduced milk production, decreased milk quality, and economic losses for farmers. The bovine mastitis market refers to the market for products and services related to the diagnosis, prevention, and treatment of this condition in cows. This can include antibiotics, vaccines, diagnostic tests, and management practices aimed at preventing or controlling the spread of mastitis. The market can also include related products such as milking equipment, hygiene products, and nutritional supplements.
The Global Bovine Mastitis market was valued at USD 6708.15 Million in 2023 and is expected to reach USD 16458 Million by 2028, growing at a CAGR of 16.14 % during 2023-2028.
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Market Scope / Segment Breakdown
Global Bovine Mastitis market has been analyzed on various dimensions that includes market sizing and share analysis in dollar term as well as by volume* and price. The segments included in the market study are mentioned below which has been reviewed both qualitatively and quantitatively.
Based on the type, the market is bifurcated as Cow, Sheep, Goat, Camel, Other, and On the basis of application, the market is divided as Hospital, Clinics, Veterinary Centers, Others. The Cow segment accounted for highest market share in 2022 and is hence expected to be the next fastest growing segment throughout the forecast period.
In 2022, the Global Bovine Mastitis market by region, Asia Pacific contributed a major market share of 32.7% growing at the CAGR of 16.14% during the forecast period.
The report covers information regarding competitive outlook including the market share and company profiles of the key participants operating in the global Bovine Mastitis market. Some of the players that are profiled in the study are Zoetis, Merck Animal Health (Merck & Co., Inc.), Boehringer Ingelheim, Elanco, Ceva, Ecolab, West Way Health, Deosan, BouMatic, Stearns Packaging Corporation, Armenta, Praj Industries, Virbac etc.
By Geography: North America, Europe, Southeast Asia, China, Japan, India, Middle East, Africa, LATAM, Others
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Qualitative Insights from Study
Bovine Mastitis Market Trends
- Increasing government body supports
Bovine Mastitis Market Drivers
- The major driving factor of the growth of Bovine Mastitis is a public health risk due to consumption of unsafe milk, and less efficient processing of milk.
Bovine Mastitis Market Opportunity
- Mastitis is a global problem as it adversely affects animal health, quality of milk, and the economics of milk production, affecting every country, including developed ones, and causes substantial financial losses is booming the growth opportunities for the Bovine Mastitis treatment
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Research Objective
- To define and describe the Bovine Mastitis segmented by product & service, by application, by end-user, and by region.
- To estimate and forecast the Bovine Mastitis by value in USD Million.
- To estimate and forecast the market size for various segments with regard to Region Name.
- To profile key players and comprehensively analyze their market position in terms of ranking and core competencies.
- To analyze the markets situation with regard to industry trends, prospects, and contribution to the total market by identifying the high-growth segments of the Bovine Mastitis and provide the competitive landscape.
- To provide industry attractiveness with help of various tools such as the Porter's five force analysis and the PESTEL analysis.
Market Size Estimation
Top-down and bottom-up approaches are used to validate the Global Bovine Mastitis Market size market and estimate the market size for Manufacturers, Type and Regions.
The market estimations in this report are based on the marketed sale price of Bovine Mastitis excluding any discounts provided by the manufacturer, distributor, wholesaler or traders. The percentage splits, market shares, and breakdowns of the product segments are derived based on weightages assigned to each of the segments based on their utilization rate and average sale price. The regional splits of the overall Bovine Mastitis market and its sub segments are based on the percentage adoption or utilization of the given product in the respective region or country.
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand Bovine Mastitis market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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