North America Accounts For Almost 44% Of The Bovine Mastitis Drugs And Diagnostics Market

Bovine Mastitis Drugs And Diagnostics Market Report 2020-30: COVID-19 Implications And Growth

Bovine Mastitis Drugs And Diagnostics Global Market Report 2020-30: COVID-19 Implications And Growth

The Business Research Company’s Bovine Mastitis Drugs And Diagnostics Market Report – Opportunities And Strategies – Global Forecast To 2030

LONDON, GREATER LONDON, UK, November 30, 2020 /EINPresswire.com/ — Avail up to 50% off on ALL research reports at: https://www.thebusinessresearchcompany.com/global-market-reports. Offer applies until Dec 31st.

North America was the largest region in the global bovine mastitis drugs and diagnostics market, accounting for 43.8% of the total in 2019. It was followed by Asia Pacific, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the bovine mastitis drugs and diagnostics market will be North America and Asia Pacific, where growth will be at CAGRs of 6.7% and 5.9% respectively. These will be followed by Africa, and the Middle East, where the markets are expected to grow at CAGRs of 5.1% and 3.9% respectively. The COVID-19 pandemic has decreased short-term potential growth opportunities for the bovine mastitis drugs industry.

The global bovine mastitis drugs market is concentrated, with a small number of large players the market. The top ten competitors in the market made up to 59.4% of the total market in 2019. Major players in the market include Zoetis Inc., Bayer AG, Elanco Animal Health, Merck and Co., and Boehringer Ingelheim GmbH.

The global bovine mastitis drugs and diagnostics market reached a value of nearly $1.51 billion in 2019, having increased at a compound annual growth rate (CAGR) of 4.5% since 2015. The market is expected to decline from $1.51 billion in 2019 to $1.32 billion in 2020 at a rate of -12.3%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 4.6% from 2021 ad reach $1.86 billion in 2023. The market is expected to reach $2.05 billion by 2025, and $2.71 billion by 2030.

To continue this growth, market-trend-based strategies for the bovine mastitis diagnostics tests market include investing in developing nanoparticles as substitutes of conventional drugs, focusing on the research and development of innovative mastitis diagnostic kits, focusing on the development of innovative biosensors to improve bovine mastitis diagnosis, focusing on the development of non-antibiotic therapy, and integrating machine learning. Player-adopted strategies in the bovine mastitis drugs and diagnostics market include expanding through new drugs, expanding through acquisitions, and expanding through strategic collaborations.

Here Is A List Of Similar Reports By The Business Research Company:
Animal Medicine Market – By Type Of Medicine (Veterinary Pharmaceuticals, Feed Additives), By Type Of Additive (Antibiotics, Amino Acids And Antioxidants, Vitamins, Acidifiers, Enzymes, Others), By Type Of Animal (Cattle (Dairy And Meat Purposes), Poultry, Other Farm Animals, Dogs And Cats, Other Companion Animals), By Drug Type (Branded, Generic), By Type Of Prescription (OTC, Prescription), By Route Of Administration (Oral, Intravenous, Subcutaneous, Others), By Distribution Channel (Vet Services, Online, Others), By Level Of Regulation (Highly Regulated Countries, Loosely Regulated Countries), And By Region, Opportunities And Strategies – Global Forecast To 2030
https://www.thebusinessresearchcompany.com/report/animal-medicine-market

Veterinary Pharmaceuticals Market – By Animal Type (Livestock, Companion Animal), By Type Of Pharmaceutical (Veterinary Parasiticides, Veterinary Vaccines, Veterinary Antibiotics, Others), By Administration Route (Oral, Others), By End Use, And By Region, Opportunities And Strategies – Global Forecast To 2030
https://www.thebusinessresearchcompany.com/report/veterinary-pharmaceuticals-market

Animal Growth Promoters and Performance Enhancers Global Market Report 2020-30: COVID 19 Growth and Change
https://www.thebusinessresearchcompany.com/report/animal-growth-promoters-and-performance-enhancers-global-market-report-2020-30-covid-19-growth-and-change

Veterinary Imaging Equipment Global Market Report 2020-30: COVID 19 Growth and Change
https://www.thebusinessresearchcompany.com/report/veterinary-imaging-equipment-global-market-report-2020-30-covid-19-growth-and-change

Companion Animal Veterinary Vaccines Global Market Report 2020-30: COVID 19 Growth and Change
https://www.thebusinessresearchcompany.com/report/companion-animal-veterinary-vaccines-global-market-report-2020-30-covid-19-growth-and-change

Veterinary Disposables Global Market Report 2020-30: COVID 19 Growth and Change
https://www.thebusinessresearchcompany.com/report/veterinary-disposables-global-market-report-2020-30-covid-19-growth-and-change

Interested to know more about The Business Research Company?
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn


Source: EIN Presswire