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(Medical-NewsWire.com, November 01, 2018 ) Overview:
In the year 2018, Europe African Horse Sickness Treatment Market was valued at USD 5841 Million. By the year 2023, it is expected to reach USD 10735 Million at pace of 12.95% CAGR.
African horse sickness is a virus that occurs in the genus orbivirus belonging to the family Reoviridae, a highly infectious and deadly disease. This virus is commonly known as African horse disease virus, mainly affected in horses, mules and donkeys. It is a non-contagious infection, but it is known to be transmitted by insects and can be caused by one of the nine serotypes of this virus.
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Underlying Causes
The growth for African Horse Sickness Treatment Market is driven due to factors like increasing R&D activities for preventive vaccines, growing awareness about vaccination of horses, rising disposable income, and increasing demand for African horse sickness treatment and advancement of technology in veterinary medical sector. However, high cost of vaccines, and high risk associated with multivalent vaccines are hindering the growth rate for Europe African Horse Sickness Treatment Market during the forecast period.
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Geographic Segmentation:
Based on geography the Europe African Horse Sickness Treatment Market has been primarily divided into United Kingdom, France, Spain, Germany and Italy. Germany holds the largest market share in the African Horse Sickness Treatment Market followed by France due to growing awareness about preventive vaccines, and favourable reimbursement policies are the driving factors in this region.
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Key Players:
Leading companies for Europe African Horse Sickness Treatment Market are Veterinary Serum and Vaccine Research Institute and Onderstepoort Biological Products SOC Ltd.
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