#Bovine #Mastitis #Market #Expected #Reach #USD
Portland, OR, Sept. 30, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global bovine mastitis market generated $0.54 billion in 2021, and is estimated to reach $1.01 billion by 2031, witnessing a CAGR of 6.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $0.54 Billion |
| Market Size in 2031 | $1.01 Billion |
| CAGR | 6.3% |
| No. of Pages in Report | 300 |
| Segments covered | Product, Route Of Administration, Application, and Region |
| Drivers | Increase in the prevalence of bovine mastitis |
| Rise in awareness about bovine mastitis | |
| Increase in product approvals and new products launched | |
| Integration of artificial intelligence (AI) with veterinary health and treatments | |
| Rise in demand for dairy products | |
| Opportunities | Increase in R&D for the development of bovine mastitis treatments |
| Increase in number of initiatives by government & non-government organizations and a rise in funding for veterinary care | |
| Restraints | The lack of awareness about bovine mastitis, prominently in rural areas |
Covid-19 Scenario:
- The COVID-19 outbreak had a negative impact on the growth of the bovine mastitis market, owing to the implementation of lockdown in many countries which affected the supply chain for farms and dairy industry.
- The entire healthcare industry focused on life saving and COVID-19 related products which restricted the treatment for bovine mastitis.
- However, the healthcare sector…
Read on GNW: Bovine Mastitis Market Is Expected to Reach USD 1.01
