Bovine respiratory disease treatment market value
According to Technavio’s analyst, the global BRD treatment market is anticipated to grow at a steady rate and will post a CAGR of more than 8% during the forecast period. The development of novel products and launch of new products will increase the adoption rates and drive the growth prospects for the global bovine respiratory disease (BRD) treatment market until the end of 2021. One of the major factors responsible for the market's growth is the increasing interests of several vendors on the development of novel drugs to gain a competitive advantage over their competitors. For instance, Bayer HealthCare launched Zelnate in the US, which is a bacterial-produced plasmid DNA including a liposome carrier that helps to stimulate the innate immune system in cattle. Furthermore, under traditional antibiotics segment also, vendors are launching various drugs such as draxxin for the cattle respiratory disease treatment.
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The growing focus on the development of combination drugs will drive the growth prospects for the global BRD treatment market for the next few years. Some of the major factors responsible for the growing number of development of combination drugs is the need to offer improved efficacy and ensure better treatment outcomes.
BRD treatment market report: Competitive landscape and key vendors
The global BRD treatment market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that these vendors are increasingly competing against each other based on factors such as aggressive pricing, novel therapeutics, and advancements in technology. Also, according to the industry research report, a large number of vendors are increasingly forming strategies to increase their market share and remain competitive in the cattle respiratory disease treatment market. Furthermore, the competition will further increase with the development of novel therapeutics such as DNA immunostimulants.
Key vendors in this market are
- Bayer HealthCare
- Boehringer Ingelheim
- Elanco
- Merck
- Zoetis
Other prominent vendors in the market include Bimeda, Ceva, Huvepharma, Inovio Pharmaceuticals, Med-Pharmex, Norbrook Laboratories, and Plumbline Life Sciences.
Segmentation by product category and analysis of the BRD treatment market
The antibiotics segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. Some of the major factors responsible for the market segment's growth is the increasing incidence of BRD, growing focus of vendors to develop combination treatments, and the focus of vendors to develop antibiotics.
Segmentation by geography and analysis of the BRD treatment market
In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. Some of the major factors responsible for the growing adoption of cattle respiratory vaccines in the region is the increasing demand for livestock products and growing BRD cases, which is one of the costly diseases of beef cattle in North America. Also, the growing technological advancements and established clinical evidence regarding the efficacy of this drug will further drive the adoption of vaccines by veterinarians and producers for the treatment of BRD.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global bovine respiratory disease (BRD) treatment market?
- What are the key market trends impacting the growth of the global bovine respiratory disease (BRD) treatment market?
- What are the challenges to market growth?
- Who are the key vendors in the global bovine respiratory disease (BRD) treatment market?
- What are the market opportunities and threats faced by the vendors in the global bovine respiratory disease (BRD) treatment market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global bovine respiratory disease (BRD) treatment market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: An overview of bovine respiratory disease
PART 06: Market landscape
- Market overview
- Five forces analysis
PART 07: Market segmentation by product category
- Antibiotics
- Vaccines
- Others
PART 08: Geographical segmentation
- BRD vaccine market in Americas
- BRD treatment market in EMEA
- BRD treatment market in APAC
PART 09: Decision framework
PART 10: Drivers and challenges
- Market drivers
- Impact of drivers on key customer segments
- Market challenges
- Impact of challenges on key customer segments
PART 11: Market trends
- Growing focus on the development of combination drugs
- Increase in preventive measures
- Advancements in technology
PART 12: Vendor landscape
PART 13: Key vendor analysis
- Bayer HealthCare
- Boehringer Ingelheim
- Elanco
- Merck
- Zoetis
- Other prominent vendors
PART 14: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape