Veterinary Anti-infectives Market Trends
The rising demand for meat and animal products has significantly increased the need for veterinary anti-infectives in the market. As livestock farming intensifies to meet consumer needs, animals become more susceptible to infections, necessitating effective treatments to maintain their health. Veterinary anti-infectives are crucial for preventing and managing diseases in livestock, ensuring food safety, and reducing the risk of zoonotic diseases that can impact public health. This trend drives market growth.
- For instance, the U.S., a leading beef producer, is currently facing a significant challenge with an outbreak of bird flu among cattle. According to May 2024 reports from the U.S. FDA, over 250 beef products from more than 38 states have tested positive for high-pathogenic avian influenza (HPAI). This situation poses a critical obstacle to beef production but also presents an opportunity for industry players to develop effective therapies to address the outbreak.
- Similarly, South Africa heavily relies on poultry production and has been severely impacted by HPAI, resulting in a substantial 30% decline in egg production and the culling of over a million poultry, as reported by Poultry World in December 2023. These occurrences highlight the urgent need for effective therapies to prevent disease outbreaks in both companion and farmed animals, fostering potential market growth opportunities.