Bovine Mastitis Market Trends

Growth Drivers

• Enormous Surge in Dairy Production Across the Globe – Dairy production is directly connected with dairying, which is also known as dairy farming. It is an agricultural branch that includes the breeding, raising, and use of dairy animals, primarily cows, for the production of milk and the various dairy products made from it. Henceforth, the increase in dairy products has an intense impact on the bovine’s health and hygiene which is leading the market growth over the forecast period. For instance, in 2020, the world produced nearly 907 million tons of milk, an increase of 3% from 2019.

• Worldwide Rise in the Number of Farm Cattle – For instance, the global cattle population was anticipated to reach around 1.5 billion head in 2022, slightly higher compared to 998 million in 2021.

• Globally Escalating Consumption of Milk – For instance, India consumed the foremost cow milk in the world in 2021, consuming approximately 85 million metric tons. Whereas, the European Union consumed the most milk, with 24 million metric tons.

• Rising Count of Veterinary Hospitals and Polyclinics – For instance, during the fiscal year 2021, there were approximately 12,070 veterinary hospitals and polyclinics in India. Moreover, approximately 67,000 veterinary institutions, as well as numerous aid centers and dispensaries, were noticeable across the country that year.

• Global Rise in Research and Development Investment – As per the report of the UNESCO Institute for Statistics, with an average annual growth rate of 4.7% over the past ten years, global R&D investment has risen significantly from 2010-2020. Globally, from 1.61% in 2010 to 1.93% in 2020, the percentage of global GDP invested in research and development has increased exponentially.

Challenges

• Increase in Antibiotic Resistance Pathogen – The prolonged use of antibiotics to treat Bovine Mastitis led to a surge in antimicrobial resistance in the pathogens that cause this infectious disease in cattle. Subsequently, the increase in multi-resistant strains reduces the effectiveness of the antibiotics that are associated with the treatment. Thus, this factor is estimated to hamper the market’s growth during the forecast period.

• Lack of Awareness Regarding Bovine Mastitis
• Inadequate Accessibility of Drugs