Welcome to
On Feet Nation
Theresa Online
Thurman Online
smithmorgan Online
stephen005 Online
Posted by smithmorgan on October 12, 2024 at 10:41am 0 Comments 0 Likes
The global Veterinary Antimicrobial Susceptibility Testing Market size is expected to reach USD 52.78 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.1% from 2021 to 2028. Some of the key players of this industry are BioMérieux SA, Becton, Dickinson and Company, Synbiosis and Thermo Fisher Scientific. The key factors fueling the market growth include growing demand for livestock products and increasing government initiatives.
Government initiatives mandating safe healthcare practices for livestock and companion animals are fueling the growth of the market. Several governments worldwide are focused on protecting animals and humans from antibiotics resistance. In addition, efforts are being taken to increase awareness about the reduction of usage of antimicrobials in food animals. The WHO is collaborating with the World Organization for Animal Health (OIE), Food and Agriculture Organization (FAO), national ministries of health, World Bank, and UNSIC to take major actions regarding antimicrobial resistance, which is further propelling the market growth.
The growing demand for animal products, such as milk, chicken, eggs, and meat, is encouraging farmers to adopt an antibiotics policy for their animals to gain higher profitability. Due to the rising urbanization, consumers are becoming more aware of the nutritious value of animal protein. The demand for healthy, sustainable, and high-quality meat products that have comparatively few or no antimicrobials is also increasing rapidly. Thus, the need for healthy breeding of animals is increasing, which is expected to fuel the growth of the market.
Related Press Release@ Veterinary Antimicrobial Susceptibility Testing Market Report
Veterinary Antimicrobial Susceptibility Testing Market Report Highlights
© 2024 Created by PH the vintage. Powered by
You need to be a member of On Feet Nation to add comments!
Join On Feet Nation