BOVINE RESPIRATORY DISEASE TREATMENT MARKET ANALYSIS
Increasing cattle production due to rising demand for animal meat is expected to drive growth of bovine respiratory disease treatment market
According to a study published in the Turkish Journal of Veterinary and Animal Sciences in 2016, bovine respiratory disease (BRD) is the most common disease found in cattle, causing around 75% of morbidity and accounting for over 50% of cattle deaths. The increasing prevalence of BRD among cattle is expected to drive growth of the bovine respiratory disease treatment market in near future.
According a study published by the U.S. Department of Agriculture (USDA) in 2016, cattle production is one of the most important industries in the U.S., valued at US$ 78.2 billion in 2015. Growing population in turn, is increasing demand for cattle meat and milk products, which increases rate of cattle rearing. Increasing cattle rearing inadvertently, increases the prevalence of BRD in cattle. This is expected to create a lucrative environment for growth of bovine respiratory disease treatment market in the near future.
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