Growing Schmallenberg Virus Treatment Market is driven by Increasing Animal Healthcare Spending

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The Schmallenberg virus has emerged as a leading threat to livestock globally. The Schmallenberg virus treatment market plays a crucial role in containing the spread of the virus among cattle and reducing economic losses for farmers. It consists of antiviral drugs, vaccines, and other supporting care products that help infected and at-risk animals recover fully.

The Schmallenberg virus primarily affects domestic ruminants such as cattle, sheep, and goats. It causes abortions, malformations, and neonatal syndrome in young animals. The treatment products aim to minimize complications during pregnancy and birth.

The global Schmallenberg virus treatment market is valued at US$ 110 million in 2023 and is expected to reach US$ 193.8 million by 2030, growing at a compound annual growth rate (CAGR) of 8.4% from 2023 to 2030.

Key Takeaways
Key players: Key players operating in the Schmallenberg virus treatment market are ASSURANT INC., American International Group, Inc., AXA, AmTrust Financial, Asurion, CARCHEX, CarShield LLC, Endurance Warranty Services LLC, Edel Assurance, SquareTrade, Inc., and Others.

Growing demand: The rising incidence of Schmallenberg Virus Treatment Market Trends among livestock is driving the demand for effective treatment and prevention measures. Farmers and veterinarians are increasingly adopting antiviral drugs and vaccines to contain outbreaks and reduce pregnancy complications in infected herds.

Global expansion: Leading manufacturers are expanding their geographical reach and product portfolios to cater to the growing needs of veterinarians and farms worldwide. Strategic collaborations with regional distribution partners are helping companies strengthen their presence across global markets.

Market Key Trends
The development of novel antiviral compounds is one of the key trends in the Schmallenberg virus treatment market. Researchers are engaged in designing new drugs with improved efficacy, minimal side effects, and expanded treatment options. Some of the promising drug candidates under evaluation could receive regulatory approval over the forecast period, increasing therapeutic solutions for veterinarians.

Porter's Analysis
Threat of new entrants: New companies find it difficult to enter the market as it requires huge capital investment and competitive expertise in research.

Bargaining power of buyers: Buyers have low bargaining power as there are limited treatment options available for Schmallenberg virus.

Bargaining power of suppliers: Suppliers have moderate bargaining power as established industry players collaborate with research institutes and universities to develop new treatment methods.

Threat of new substitutes: Alternate treatment options are limited as Schmallenberg virus has no vaccine available and treatment depends mainly on supportive care and antibiotics in severe cases.

Competitive rivalry: Industry players compete based on research collaborations, strategic alliances and new therapeutics in pipeline.

Geographical Regions
In terms of value, Europe dominated the global Schmallenberg virus treatment market in 2024, accounting for over 50% share. High prevalence of disease in cattle population along with increased focus on containment measures drove the regional market.

Asia Pacific is expected to witness the fastest growth during the forecast period. Improving healthcare infrastructure and spending along with rising adoption of advanced technologies for diagnosis and treatment in countries like India and China will support the regional market expansion.