Market Analysis and Insights: Global Equine Serum For Therapy Market
The Absolute Markets Insights has been monitoring the Equine Serum For Therapy Market and it is poised to grow by $ 14,818 bn during 2021-2030 progressing at a CAGR of 3.2% during the forecast period. The report on Equine Serum For Therapy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering various vendors.
Competitive Landscape of Equine Serum For Therapy Market
Equine Serum For Therapy market competitive countryside provides information by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, latest market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, application dominance, technology lifeline curve. The above details points provided are only related to the company’s focus related to Equine Serum For Therapy market.
Some of the players operating in the United States equine serum for therapy market are Colorado Serum Company, MG Biologics, and Boehringer Ingelheim amongst other industry participants.
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On the basis of offering, United States equine serum for therapy market is classified on the basis of tetanus toxoid, anthrax vaccine, normal serum (equine origin), West Nile Antibody, clostridium perfringens types C&D antitoxin and others. Tetanus toxoid, which is further categorised into tetanus toxoid concentrated, tetanus toxoid unconcentrated, tetanus antitoxin, accounted for the highest share in 2020. Tetanus toxoid is regarded as a core vaccine and is also recommended by the American Association of Equine Practitioners (AAEP) for every equine. The dosage is given annually to the equines and is administered as an intramuscular injection. The vaccines for West Nile and Encephalitis are commonly combined with tetanus toxoid in the same dosage.
Based on end users, the United States equine serum for therapy market is bifurcated into livestock owners and veterinarians. Veterinarians’ end users accounted for a substantial share in the market in 2020. Depending upon the adverse reaction of the therapeutic, specific categories of medication are explicitly advised to be used only by the veterinarians. For instance, the dosage of 50ml to 250ml of Normal Serum, provided by Colorado Serum Company, is injected intramuscularly, subcutaneously, or intravenously depending upon the judgement of the veterinarian administering and weight of the animal. The serum, which is intended for non-specific treatment of equine disease conditions and infections, is specifically marked for veterinary use only.
Distribution channel segment in the United States equine serum for therapy market is classified into direct and indirect. Direct distribution of equine serum for therapy has remained prevalent in the United States. The companies supplied the products using direct distribution channels to enhance the relations with the end-users. However, the growing investments towards diversification of distribution channels to increase the reach to a larger consumer base is fuelling the growth of indirect distribution channel
Equine Serum For Therapy Market Segmentation:
By Offering:
- Tetanus Toxoid
- Tetanus Toxoid Concentrated
- Tetanus Toxoid Unconcentrated
- Tetanus Antitoxin
- Anthrax Vaccine
- Normal Serum (Equine Origin)
- West Nile Antibody
- Clostridium Perfringens Types C&D Antitoxin
- Others
By End Users:
- Livestock Owners
- Veterinarians
By Distribution Channel:
- Direct
- Indirect
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