Cattle Health Market Dynamics, Segments and Supply Demand 2018-2028

Posted by vakhas on January 30th, 2019

Global Cattle Health: Market Insights

The cattle health market is typically being fueled by the increasing beef consumption along with the rising demand for animal protein. Cattle are most prone to a number of infections including viral, bacterial and parasitic. Cattle also experience various shocks from environmental factors such as high heat and humidity. Another major factor impacting cattle health is mud, as they graze in farms they are prone to high health risk due to excessive muddy conditions leading to cattle health problems such as foot rot, scoure etc.

Dietary deficiencies are the second common cause of weakness and weight loss in cattle leading to deteriorating conditions like malnutrition and also reproductive failure ultimately affecting the cattle population. Maintaining good cattle health is necessary as cattle food production sector gets hampered due to poor cattle health and also restrains the growth of cattle health market. In developing countries cattle as used for farming purposes so it also affects the production in agricultural sector.

  Increase in research & development for cattle health is proven by the increase in the cattle health spending. According to the Animal Health Institute (AHI), AHI member companies spend about 10-12% of their sales for investment in new innovation in animal health. Some of the other factors such as, increasing initiatives by government and inclusion of insurance policies globally along with advancements in technology are also expected to drive the growth of the cattle heath market.

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Vaccination programs are the basic tools for preventing disease and maintaining cattle health by decreasing the death rate and improving productivity so many players in cattle health market are focusing on vaccination programs this factor is anticipated to increase high revenue shares in cattle health market. However regulatory challenges and incompatible cattle heath information may hinder the growth of the cattle health market. Delays in the public sector testing and registration process of new cattle heath products is common worldwide. Furthermore, the lack of monitoring for counterfeit medicines for cattle and improperly diagnosed diseases may result in drug resistance in cattle, there by affecting the growth of the cattle health market. 

Global Cattle Health: Market Dynamics 

 Growing attention in cattle health care has raised to certain measures that are owning to growth in the cattle health markets as cattle are the major source of milk, beef, and animal-based food products.

 Technological innovation and development in veterinary health care are opening numerous opportunity in the market leading to the key factor driving growth of Global Cattle Health market. Introduction of innovative products such as herbal veterinary products launched by Arosol chemical private limited company which is used by mixing in to the cattle feed has gained high demands as they have no side effects and are easy to use leading to further revenue generation in Global Cattle Health  market.

Increase veterinary hospitals and clinics are leading contributors in cattle health market. Growing demands of nutritional supplements and vitamins for boosting cattle health and increasing production of cattle based products is also a likely to supplement in the growth of cattle health market. However the lack of awareness about services and products with the animal caretakers are the major hindrance for growth in the cattle health market.