The Cattle Health Market is expected to grow from USD 9.9 billion in 2020 to USD 13.9 billion by 2025, at a CAGR of 7.5% during the forecast period.
Major Competitors in the cattle health market are Bayer Healthcare, Boehringer Ingelheim, Merck, Zoetis Animal Healthcare, Ceva Animal Health, IDVet and Virbac and Elanco.
Zoetis Launched Vetscan Imagyst, a New Diagnostic Platform to Detect Intestinal Parasites in Pets. Sept 2020 Zoetis announced the launch of Vetscan Imagyst, a diagnostic platform that uses a combination of image recognition technology, algorithms and cloud-based artificial intelligence (AI) to deliver accurate testing results to the clinic. Imagist’s first indication will be for testing fecal samples for parasites, and it has the potential for broader applications to different types of testing in the future. Imagyst was developed to first help veterinarians make accurate and timely point-of-care intestinal parasitic diagnoses for dogs and cats. With deep learning capability powered by artificial intelligence, Imagyst revolutionizes in-clinic fecal testing during the time of visit by giving veterinarians the ability to accurately diagnose patients quickly and treat if necessary.
Ceva Animal Health 29 September 2020 - Ceva Sante Animale has increased three-fold its production capacity for bacterial autogenous vaccines (primarily, for pigs and poultry) at its French plant. The Ceva Biovac campus, near Angers, includes state of the art technology for the selection and characterization of bacterial strains in order to rapidly prepare the most effective custom vaccines Based on a bacterial sample taken by the veterinarian from an animal suffering from an infectious pathology, Ceva Biovac isolates the pathogenic agents to produce a specific, custom-made batch of vaccines with a short turnaround of 5 weeks. The vaccines are then administered to the farm animals in question, under the supervision of a veterinarian. Increase in research & development for cattle health is proven by the increase in the cattle health spending. According to the Animal Health Institute (AHI), AHI member companies spend about 10-12% of their sales for investment in new innovation in animal health. Some of the other factors such as, increasing initiatives by government and inclusion of insurance policies globally along with advancements in technology are also expected to drive the growth of the cattle heath market.
Latest news on -Oct 2020 U.S CME live cattle futures eased on Wednesday, retreating back toward seven-week lows hit after a bargain buying bounce fizzled as plentiful supplies remained the focus of investors. Feeder cattle futures were slightly higher following the front-month contract's decline to its lowest since July 1 on Tuesday. The cattle are just swinging back and forth after a pretty brutal fund liquidation phase. CME December live cattle futures dropped 0.875 cents to 104.575 cents per pound, settling below the low end of its 20-day Bollinger range. Next news came in Oct 2020 Range cattle spend most of their time grazing, ruminating, resting and watering. Using collars fitted with GPS and accelerometers, technology similar to that found in a Fitbit that collects data on movement patterns, University of Nebraska–Lincoln researchers are tracking the movements and behavioral patterns of beef cattle and how they link to efficient beef production systems.
Market segment by Type, the product can be split into Cattle Treatment, Cattle Diagnosis and Others. By Application split into Calf and Adult Cattle. On the basis of geography, global Cattle Health market is segmented into seven key regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. North America is projected to hold largest revenue shares in the global cattle health market primarily as U.S. is the world’s largest beef producer and second largest beef exporter.