Newark, New Castle, USA, May 26, 2023 (GLOBE NEWSWIRE) — According to the latest report published by Growth Plus Reports, the mycobacterium bovis treatment market is anticipated to grow at a CAGR of 4.10%. Growth Plus Reports provide a detailed study of the global mycobacterium bovis treatment market using its professional expertise in market research and also provides data and forecasts from 2023 to 2031.
Key Takeaways:
- The increased prevalence of bovine tuberculosis will drive market revenue growth.
- The increasing need for effective treatment options will support market revenue growth.
- The miscellaneous antitubercular drugs segment will register the highest revenue growth.
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Mycobacterium Bovis Treatment Market Scope
| Report Attribute | Details |
| CAGR | 4.1% |
| Base Year for Estimation | 2022 |
| Forecast Period | 2023 to 2031 |
| Historical Year | 2021 |
| Segments Covered | Drug class, Route of administration and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Market Drivers
The increasing prevalence of bovine TB and the growing demand for safe and efficient treatment options will drive the market’s revenue growth. Furthermore, increasing government measures to eliminate disease and enhance animal health, as well as increased expenditure in developing novel treatment options and diagnostic tools will fuel the market’s revenue growth.
Market Segmentation
Growth Plus Reports has analyzed the global mycobacterium bovis treatment market from four perspectives: Drug Class, Route of Administration, and Region.
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- Based on the drug class, the mycobacterium bovis treatment market is segmented into hydrazine derivatives and miscellaneous antitubercular drugs.
- Based on the route of administration, the mycobacterium bovis treatment market is segmented into oral and parenteral.
Drug Class Segmentation
Based on the drug class, the mycobacterium bovis treatment market is divided into hydrazine derivatives and miscellaneous antitubercular drugs. Because of its high efficacy in treating mycobacterium bovis, the miscellaneous antitubercular drugs segment dominates the market.
Regional Growth Dynamics
Based on the region, the global mycobacterium bovis treatment market is segmented into Europe, North America, Latin America, and the Middle East & Africa. North America dominates the mycobacterium bovis treatment market with the largest revenue share due to the high prevalence of bovine tuberculosis, the development and commercialization of new bovine tuberculosis treatments, the presence of well-established pharmaceutical and biotechnology industry, significant government support for research and development, and significant investments in developing novel diagnostic equipment and vaccinations.
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Competitive Landscape
The top companies in the mycobacterium bovis treatment market are:
- Macleods Pharmaceuticals Ltd.
- Radicura Pharmaceuticals Pvt. Ltd
- Bio-Synth.
- Akoni BioMerieux SA
- Cepheid Inc.
- Eiken Chemcals
- Labatec Pharma
- Epistem Holdings Plc
- F. Hoffmann-La Roche
- GlaxoSmithKline Plc
- Orasure Technologies
- Originates Ventures
- Labcorp.
The market for mycobacterium bovis treatment is crowded with multinational companies. Major corporations collaborate and form partnerships to increase their market revenue share.
Recent Developments
- The clinical experiment employing the BCG vaccination AJV, which contains the Danish strain of Mycobacterium bovis to understand TB infection, was published by Liverpool School of Tropical Medicine in April 2023.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2021
- Base Year – 2022
- Forecast Years – 2023 to 2031
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trends (COVID-19 Perspective)
- Key Players & Competitive Positioning (2022)
- Regulatory Landscape
- Reimbursement Scenario
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL MYCOBACTERIUM TREATMENT BOVIS MARKET – ANALYSIS & FORECAST, BY DRUG CLASS
- Hydrazine Derivatives
- Miscellaneous Antitubercular Drugs
- Ethambutol
- Pyrazinamide
- Others
- GLOBAL MYCOBACTERIUM BOVIS TREATMENT MARKET – ANALYSIS & FORECAST, BY ROUTE OF ADMINISTRATION
- Oral
- Parenteral
MYCOBACTERIUM BOVIS TREATMENT MARKET TOC
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- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market.
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- ‘Business Profile’ of Key Players
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