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Key Emerging Trends in the Veterinary Ultrasound Market
Zoonotic diseases, also known as zoonoses, present a considerable challenge as they are transmitted between animals and humans. The escalation of these diseases can be attributed to the expanding human population and the heightened demand for meat and dairy products, leading to rapid changes in livestock systems. The Center for Disease Control and Prevention reports that approximately 75% of emerging infectious diseases impacting humans originate from animals. Common zoonotic diseases include rabies, brucellosis, Ebola virus, Q fever, among others. Notably, the surge in zoonotic diseases is not only a health concern but also has profound economic implications. According to the World Bank, the direct costs of zoonotic diseases exceeded USD 20 billion, with indirect costs reaching USD 200 billion globally in 2014. Efforts to mitigate the impact of zoonotic diseases have gained momentum in recent years, with both governments and private associations actively involved in control measures. A noteworthy example is the collaborative initiative introduced in 2014 by six key associations: The Biotechnology and Biological Sciences Research Council (BBSRC), the Natural Environment Research Council (NERC), the Department for International Development (DFID), the Economic and Social Sciences Research Council (ESRC), the Defense Science and Technology Laboratory (DSTL), and the Medical Research Council (MRC). This joint effort resulted in the establishment of the Zoonoses and Emerging Livestock Systems (ZELS) research program, securing a substantial investment of USD 27.90 million from ZELS partners. The program encompasses 11 projects involving 19 UK institutions and over 30 overseas institutions, aiming to address the complexities of zoonotic diseases comprehensively. The escalating prevalence of zoonotic diseases significantly impacts the veterinary ultrasound market, creating a heightened demand for innovative and advanced products that offer enhanced accuracy for early diagnosis. As the global community recognizes the urgency of addressing zoonotic diseases, the veterinary ultrasound market plays a pivotal role in contributing to effective disease management. Early and accurate diagnosis facilitated by advanced ultrasound technologies is crucial for implementing timely interventions and preventing the spread of zoonotic diseases. The intersection of advancements in veterinary ultrasound technology and the ongoing efforts to control zoonotic diseases underscores the vital role played by the veterinary sector in safeguarding public health and promoting a holistic approach to disease management. Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments |
Veterinary Ultrasound Market Highlights:
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