BOVINE MASTITIS MARKET ANALYSIS

Bovine Mastitis MarketSize and Trends

Global bovine mastitis market is estimated to be valued at USD 1,562.9 Mn in 2024 and is expected to exhibit a CAGR of 5.2% during the forecast period (2024-2031).

Rising incidence of bovine mastitis is expected to drive the market growth over the forecast period.

The increasing incidence of bovine mastitis is expected to drive the market growth over the forecast period For instance, the global incidence of bovine mastitis ranges between 0 and 200 cows, according to the Cornell University College of Veterinary Medicine. Furthermore, the University of Glasgow estimates that bovine mastitis will cost between US$19.7 billion and $ 30 billion in annual healthcare costs, globally. Moreover, rising prevalence of bovine mastitis infections during the dry season, as well as the increased benefits of non-antibiotic intramammary products such as Teat Sealants in preventing new intramammary infections during the dry season, are expected to drive the market growth.

Global Bovine Mastitis Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it as a public health emergency in 2020. According to the Coronavirus Disease (COVID-19) Weekly Epidemiological Update by the World Health Organization, the number of COVID-19 cases reported globally as of August 2, 2021 are approximately 198,234,951 confirmed cases with around 4,227,359 deaths. The coronavirus or COVID-19 outbreak started from Wuhan, China and has spread across continents, affecting various industries globally.

Even during the epidemic, despite lockdown and social distancing procedures, the persistent demand for dairy products has surfaced in favor of the market growth. Moreover, as these products fall under the category of essential services, the market is estimated to grow rapidly during the forecast period.