Market Trends of Global Brucellosis Vaccines Industry
Cattles Segment is Expected to Hold a Significant Market Share During the Forecast Period
- Increasing cattle population and key developments like acquisitions by market players are expected to increase segmental growth. For instance, according to the January 2022 report of the US Department of Agriculture (USDA), there were about 91.9 million cattle and calves in the United States. Similarly, according to the March 2022 report by the USDA, Federation of American Scientists (FAS), New Delhi increased the total number of cattle to 306.9 million heads, an increase from the previous year. Hence, the increasing livestock population is expected to drive demand for more brucellosis vaccines, which is anticipated to boost the segment's growth.
- Furthermore, many governments worldwide are launching a brucellosis vaccination program for cattle and other animals to eradicate brucellosis, which is further expected to impact the market studied significantly. For example, the Government of India is running a flagship scheme called the National Animal Disease Control Program (NADCP) to control foot and mouth disease (FMD) and brucellosis by vaccinating 100% of cattle, buffalo, sheep, goat, and pig population for FMD and 100% bovine female calves aged 4 to 8 months for brucellosis during 2019-2024 with a budget of USD 1,601.2 million (INR 13,343 crore). Therefore, owing to the abovementioned factors, the cattle segment is expected to have a significant share in the brucellosis vaccines market during the forecast period.
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North America is Expected to Dominate the Market During the Forecast Period
- North America is expected to register a significant share in the brucellosis vaccines market owing to factors such as the presence of a large animal population, the high burden of brucellosis, increasing awareness about animal health, and the presence of key market players in the region. For instance, in January 2023, as per the Statistique Canada, Canadian farmers had 11.3 million cattle and calves, which increased from 11.1 million in 2022.
- Further, in September 2023, as per the US Department of Agriculture, commercial beef production in the United States was estimated at USD 34.45 billion (GBP 26.941 billion) in 2023 and was expected to increase in 2024. This data showed high output and growing demand for meat products, which was expected to impact the market studied significantly. Further, the ongoing research and development activities and new developments from the key market players in the area are expected to boost the market’s growth. For instance, in December 2022, according to a research study published by the College of Veterinary Medicine, the University of Florida developed a new mucosal vaccine prototype that protects mice from brucellosis. Thus, developing vaccines and research activities are expected to impact the market's growth.
- Therefore, owing to factors such as the growing cattle population, increasing demands for meat products, and research activities, the brucellosis vaccine market is expected to grow during the forecast period in North America.
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