Global Bovine Respiratory Disease Treatment Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Type of Treatment and Region - Industry Forecast (2024 to 2029)

Updated On: January, 2024
ID: 847
Pages: 175

Global Bovine Respiratory Disease Treatment Market Size (2024 to 2029)

The global bovine respiratory disease treatment market size is predicted to value USD 226.2 million by 2029 from USD 82.34 million in 2024, growing at a CAGR of 22.4% during the forecast period.

Bovine respiratory diseases are the most common and expensive diseases that occur in cattle. Viruses, bacteria, and parasite viruses are the major factors for respiratory disease occurrence. Bovine herpesvirus (IBR), bovine parainfluenza virus (PI-3), Bovine coronavirus (BCV), and Bovine respiratory syncytial virus (BRSV) factors that affect the immune system of the calf lead to weakness to cause diseases like pneumonia. Animals suffering from BRB often show signs of depression, cough, weight loss, fever, purulent nasal discharge, and abnormal pulmonary sound on auscultation. Various complexities are involved with the diagnosis of BRB.

MARKET DRIVERS

The growing beef consumption worldwide and growing disposable income in developing countries are majorly driving the global bovine respiratory disease treatment market growth.

The rising population is also influencing market growth. Increasing infections such as bacteria, viruses, and parasites worldwide affect the calf immune system, leading to market growth. In addition, rising demand for better quality bovine meat and products encourages cattle production expansion. Rapidly changing environmental factors and the high prevalence of several causative agents for respiratory diseases among bovines are expected to drive market growth. Additionally, growing awareness among consumers regarding healthy meat and animal health management practices and environmental protection guidelines are most likely to propel the bovine respiratory disease treatment market's market growth during the forecast period. Also, the increasing focus of key players on the research and development of functional therapies is anticipated to influence the development of the market during the forecast period.

MARKET RESTRAINTS

The global bovine respiratory disease treatment market is restricted by some challenging factors, such as complexities related to bovine respiratory disease diagnosis. In addition, the increasing cost of animal healthcare is slowly hindering the growth rate of the market. Moreover, the lack of animal healthcare awareness in developing countries such as India and China, limited resources for animal treatments, and skilled veterinary professionals for animal treatments are considered the restricting factors for market growth.

Impact of COVID-19 on the Bovine Respiratory Disease Treatment Market

COVID-19 is an infectious disease that is caused by the most recent novel coronavirus. The World Health Organization announced COVID-19 as the emergence of healthcare. Due to the sudden outbreak, a nationwide lockdown was imposed. The outbreak of COVID-19 has shown a positive and negative impact on the pharmaceutical and life sciences market. COVID-19 first arrived as a regional pandemic and became a global outbreak. During the first half of 2020, the bovine respiratory disease treatment market experienced a growth decline due to the covid-19 outbreak. Amid the ongoing COVID-19 pandemic, the world has witnessed a massive surge of cases in the first period of 2020. Several confirmed cases and deaths were reported during the period. Apart from the nationwide lockdown, the hospital had an increased testing rate to combat COVID-19. As a result, most of the bovine respiratory disease treatments have been postponed. The latter period of 2020 has witnessed significant market growth. After the lockdown, the demand for animal treatment has increased. Animal treatments have resumed. The market is expected to have better growth during the forecast period.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

Segments Covered

By Treatment Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Zoetis Inc., Merck & Co. Inc., Bayer Corporation, Eli Lilly & Co., Merial S.A.S, Boehringer Ingelheim Vetmedica, Novartis Animal Health, Vibrac S.A, Ceva Sante Animale and Vétoquinol S.A.

 

SEGMENTAL ANALYSIS

Global Bovine Respiratory Disease Treatment Market Analysis By Treatment Type

The anti-infectious agent segment led the market in 2023, holding for the major share of the global market and is expected to witness a steady CAGR during the forecast period. Antibiotics and anti-inflammatory drugs are now being used for combination treatment and are expected to improve the success rate of the treatment.

The anti-parasiticides segment is predicted to record a healthy CAGR during the forecast period. Anti-parasiticides are one of antimicrobial drugs that target bacteria and antifungals. The growth of anti-parasiticides is driven by the increasing infections such as bacteria, viruses, parasites, viruses, and Animals suffering from BRB.

REGIONAL ANALYSIS

North America dominated the bovine respiratory disease treatment market in 2023 and is anticipated to continue the domination in the global market during the forecast period due to the more significant occurrence of bovine respiratory disease. However, China and India have greater cattle adoption in the Asia Pacific region and are expected to grow fast. North America held the largest share in the global bovine respiratory disease market in 2022 and is forecasted to continue dominating throughout the forecast period. Increasing domestic production, consumption, and bovine meat exports are majorly driving this regional market. According to recent reports, America held the majority contributor to bovine respiratory disease treatment market growth. America has produced approximately 30 million tonnes of beef in the forecast period. BRD is the most endemic disease in North America.

The European market held a substantial market share globally in 2022 and is projected to register a robust CAGR during the forecast period due to increasing growth factors such as the rising population and growing meat intake in this region.

The Asia Pacific market is forecasted to be the most lucrative region globally during the forecast period. It is a known fact that the consumption of bovine meat is high in countries such as China. Growing disposable income in developing countries such as India and China is considered the major driving factor for this region's bovine respiratory disease market.

The Latin American market has grown steadily in the recent past and will register healthy growth during the forecast period. Rising focus on veterinary health, small companies are coming up with novel therapeutics in this region and increasing demand for better quality meat and products to encourage cattle production.

In MEA, the market is expected to grow at a promising growth rate during the forecast period. Factors such as increasing disposable income, rising consumption of animal meat in countries such as Kuwait and the United Arab Emirates, and growing awareness among consumers regarding healthy meat and animal health management practices and environmental protection guidelines are most likely to propel the market growth of the bovine respiratory disease treatment market.

KEY PLAYERS IN THE GLOBAL BOVINE RESPIRATORY DISEASE TREATMENT MARKET

Some of the noteworthy companies leading the global bovine respiratory disease treatment market profiled in the report are Zoetis Inc., Merck & Co. Inc., Bayer Corporation, Eli Lilly & Co., Merial S.A.S., Boehringer Ingelheim Vetmedica, Novartis Animal Health, Vibrac S.A. and Ceva Sante Animale and Vétoquinol S.A.

RECENT HAPPENINGS IN THE MARKET

  • In April 2018, VIDO-InterVac announced the development of a new vaccine to protect cattle in Africa from contagious bovine pleuropneumonia (CBPP). This infectious lung disease has impacted the livelihoods of approximately 24 million small-scale cattle farmers in Africa, resulting in annual losses of more than USD 60 million. As a result of this research, the bovine vaccination market in developing countries has grown significantly.
  • In September 2017, Merck Animal Health developed the whisper veterinary stethoscope. The Whisper Veterinary Stethoscope Device is a BRD detection system that uses an electronic stethoscope to capture lung sounds and proprietary computer-aided analytics. The device is designed to assess lung disease severity for a more accurate diagnosis of bovine respiratory illness.
  • Whisper is a device that is placed over the lungs of ill cattle and captures sound frequencies, enabling it to determine the health of the lungs and provide an objective score to a computer nearby. Thus, producers can diagnose BRD early, evaluate the severity of the condition, and choose a suitable treatment plan using the Whisper score, which might help them improve lung-health-related results.

DETAILED SEGMENTATION OF THE GLOBAL BOVIE RESPIRATORY DISEASE TREATMENT MARKET INCLUDED IN THIS REPORT

This research report on the global bovine respiratory disease treatment market has been segmented and sub-segmented based on treatment type and region.

By Treatment Type

  • Anti-Infectious Agents
    • Antibiotics 
    • Sulfas
  • Anti-Parasiticides 
  • Bronchodilators
  • Oral Rehydration Fluids 
  • Non-Steroidal Anti-Inflammatories 
  • Mucolytics

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

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Frequently Asked Questions

What is the current size of the bovine respiratory disease treatment market?

The global bovine respiratory disease treatment market size was worth USD 54.96 million in 2022.

What factors are driving the growth of the bovine respiratory disease treatment market?

Factors driving the growth of the market include the increasing prevalence of respiratory diseases in cattle, rising demand for high-quality meat and dairy products, and the growing adoption of advanced diagnostic techniques.

Who are some of the key players in the bovine respiratory disease treatment market?

Zoetis, Inc., Boehringer Ingelheim GmbH, Merck & Co., Inc., Elanco Animal Health, and Bayer AG are some of the leading companies in the bovine respiratory disease treatment market.

What regions are expected to witness significant growth in the bovine respiratory disease treatment market?

North America and Europe are expected to witness significant growth in the market, owing to the increasing demand for meat and dairy products and the presence of well-established veterinary healthcare infrastructure.

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