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However, regulatory problems and inconsistent information on the health of cattle can hinder the growth of the livestock health market.
This press release was originally distributed by SBWire
Rockville, MD – (SBWIRE) – 01/26/2019 – The livestock health market is generally fueled by growing consumption of beef and increasing demand for animal protein. Cattle are the most exposed to a number of infections, including viral, bacterial and parasitic. Cattle also suffer various shocks due to environmental factors such as heat and high humidity. Mud is another important factor affecting the health of cattle. As they graze on farms, they are exposed to high health risks due to excessive mud conditions leading to cattle health problems such as foot rot, diarrhea, etc. loss of livestock leading to deterioration of conditions such as malnutrition and also reproductive failure ultimately affecting livestock. Maintaining good livestock health is necessary because the livestock food production sector is hampered by poor livestock health and also hinders the growth of the livestock health market. In developing countries, livestock being used for agricultural purposes, it also affects production in the agricultural sector.
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Increased spending on cattle health is a reflection of increased research and development on livestock health. According to the Animal Health Institute (AHI), AHI member companies spend about 10 to 12% of their sales on investing in new animal health innovations. Some other factors, such as the increasing number of government initiatives, the inclusion of insurance policies globally as well as technological advances, should also spur the growth of the market for insurance. livestock health. Immunization programs are the basic tools for preventing disease and maintaining livestock health by lowering the mortality rate and improving productivity, so that many livestock health market players are focusing on animal health programs. vaccination. This factor is expected to increase revenue shares in the livestock health market. However, regulatory problems and inconsistent information on the health of cattle can hinder the growth of the livestock health market. Delays in the process of testing and registering the new sector of livestock health by the public sector are common worldwide. In addition, lack of surveillance for counterfeit livestock and misdiagnosed diseases can lead to drug resistance in cattle, which will affect the growth of the livestock health market.
Livestock health in the world: market dynamics
Increasing attention to cattle health has drawn attention to some of the measures that are contributing to the growth of cattle health markets as cattle are the main source of milk, beef and food products. animals.
Technological innovation and the development of veterinary health care open up many opportunities in the market, which are the key factor in the growth of the global cattle health market. The introduction of innovative products, such as veterinary herbal products, launched by Arosol Chemical, a public limited company that is used as a feed mix, is becoming increasingly demanding as it has no side effects. and are easy to use, which generates additional revenue in Global Cattle Health Market.
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Increased hospitals and veterinary clinics are the main contributors to the livestock health market. The growing demand for nutritional supplements and vitamins to improve the health of livestock and increase production of livestock products is also likely to complement the growth of the livestock health market. However, the lack of knowledge of services and products among animal keepers is the main obstacle to the growth of the livestock health market.
Global Livestock Health Market Overview
Cattle health is an important factor for our world because animals are the main source of protein and food for the newspaper. The livestock health market is also expected to grow due to growing concerns about the safety and quality of food products, while the attention of government health care organizations on livestock health is increasing. # 39; intensifies. The regulatory guidance provided by the governing bodies focuses on the improvement of livestock-based food products. These factors are cumulatively responsible for feeding the livestock health market around the world. The number of retail channels is increasing for the delivery of health care products for livestock and is leading to increased competition among livestock health market players. Some drugs and vaccines are only available in hospitals and government clinics to raise awareness of livestock health and disease prevention. Companies are making efforts to improve the quality of the product by improving their research and development department. Such as Merck, an animal health company, offers a wide range of pharmaceutical products for livestock health, this factor should propel the growth of the livestock health market.
Global Livestock Health Market: Regional Perspectives
Based on geography, the global livestock health market is segmented into seven key regions, namely. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, excluding Japan, Japan and the Middle East and Africa . North America is expected to have the largest receipts in the global livestock health market, primarily in the United States, which is the world's largest producer of beef and the second largest exporter of beef. The Asia-Pacific region is the fastest growing market, with improved health care infrastructure and increased research and development expenditures for the production of health care products for livestock. Europe, followed by Latin America, is expected to be the second dominant region of the global livestock health market.
Global livestock health market: key players
Abaxis, Bayer Healthcare, Boehringer Ingelheim and Ceva Animal Health are among the companies offering livestock health products. Inc., Elanco, IDvet, Merck, Virbac and Zoetis Animal Healthcare among other market players.
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For more information on this press release, visit: http://www.sbwire.com/press-releases/global-cattle-health-market-expected-to-deliver-dynamic-progression-un-20 -20-11-1115154.htm
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