About Cattle Health
The cattle health market is expected to grow in the future due to increasing R&D expenditure in the cattle health sector and rising government initiatives, and insurance policies across various countries. Advanced technology leading to innovations in the cattle health sector boosting in the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The cattle health market includes the major players such as Bayer Healthcare, Boehringer Ingelheim, Ceva Animal Health, Inc, Elanco, IDVet, Merck, Virbac, and Zoetis Animal Healthcare, amongst others. Few of the companies such as Elanco, Ceva, Zoetis Animal Health, etc. are dominating the market and there are some local players which are holding a substantial share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cattle Health market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bayer AG (Germany), Boehringer Ingelheim (Germany), Ceva Animal Health, LLC (United States), Elanco Animal Health (United States), Merck & Co. (United States), Merial (France), Virbac (France) and Zoetis Animal Healthcare (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cattle Health market by Type (Vaccines, Pharmaceuticals (Parasiticides, Anti-infective, Anti-inflammatory, Analgesics, Others), Feed Additives (Nutritional, Medicinal ) and Diagnostics), Application (Farm, House and Others) and Region.
On the basis of geography, the market of Cattle Health has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Veterinary Hospital & Clinic Pharmacies will boost the Cattle Health market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Innovative Products such as Herbal Veterinary Products
Market Growth Drivers:
Rising Focus on Animal Health and Safety and Increase in Government Initiatives towards Animal Health
Challenges:
Lack of Awareness about Services and Products
Restraints:
Increasing Influx of Counterfeit Drugs and Lack of Standardization
Opportunities:
Upsurging Technological Innovation and Development in Veterinary Health Care and Rising Research and Development Activities for New Product Development
Market Leaders and their expansionary development strategies
In September 2022, Merck Animal Health, known as MSD Animal Health outside of the United States and Canada, a division of Merck & Co., Inc., Rahway, N.J., USA that it has signed a definitive agreement under which Merck Animal Health will acquire Vence from its founders and shareholders. Vence is an innovator in virtual fencing for rotational grazing and livestock management.The acquisition of Vence will broaden our portfolio with complementary products and technologies to advance animal health and well-being as well as outcomes for our customers
In August 2023, Merck Animal Health, a division of Merck & Co., Inc., Rahway, N.J., USA (NYSE:MRK), launched of FALCON Biomass, a powerful, always-on biomass estimation unit that provides key information about average weight, distribution, and growth trends to improve fish farming operations. Built with more than 15 years of biomass estimation experience, measurements are collected autonomously, with reduced stress and negative impact on fish welfare or feeding because the fish remain in the water.
Key Target Audience
Cattle Health Provider, Cattle Health Distributors/ Suppliers, Potential Investors and Research and Development Firm
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.