What is the market prospect of iron dextran injection?
Under the current development trend of animal husbandry, the market prospects for iron dextran injection are extremely broad. As modern animal husbandry advances rapidly towards large-scale and intensive operations, animal nutrition and health have increasingly become the core focus of the industry. As an efficient iron supplement, the demand for iron dextran injection shows a strong and continuous upward trend.
Under the current development trend of animal husbandry, the market prospects for Dextran Iron Injection are extremely broad. As modern animal husbandry strides towards large-scale and intensive development, animal nutrition and health have increasingly become the core focus of the industry. Dextran Iron Injection, as an efficient iron supplement, shows a strong and continuous rising demand.
In terms of livestock farming scale, China, as a major global farming country, ranks among the top in the world in the inventory and output of pigs, beef cattle, mutton sheep, and poultry. Taking pig farming as an example, the number of newborn piglets each year is enormous. According to relevant statistics, about 600 million piglets are bred annually nationwide, and Dextran Iron Injection plays a key role in the iron supplementation of piglets. Approximately 300 million piglets require injection of this product to prevent iron deficiency anemia and ensure healthy growth. Similarly, the continuous expansion of beef cattle, mutton sheep, and poultry farming also creates a broad market space for Dextran Iron Injection. In beef cattle farming, as the scale deepens, some cattle are prone to iron deficiency, affecting growth performance, which correspondingly increases the demand for Dextran Iron Injection.
Regarding market demand, farmers' pursuit of animal growth performance and product quality is increasingly rising. Taking mutton sheep farming as an example, using Dextran Iron can enhance the resistance of mutton sheep, reduce morbidity, and improve mutton yield and quality. This encourages more and more farmers to adopt this product. At the same time, as consumers' preference for high-quality livestock products continues to increase, farmers will be more proactive in using Dextran Iron Injection to improve animal health and product quality to enhance economic benefits, further driving market demand.
Technological research and innovation also inject new vitality into the Dextran Iron Injection market. For example, Shanghai Shenya Animal Health Products Fuyang Co., Ltd. has cooperated with Academician Yin Yulong's team from the Chinese Academy of Sciences and China Agricultural University to develop new oral iron raw material products. If the research is successful, it will fill the domestic market gap, expand the market boundaries of Dextran Iron-related products, and bring new profit growth points to the company and the entire industry.
From a global perspective, the international market demand for Dextran Iron Injection is also gradually emerging. With the rise of animal husbandry in developing countries, the demand for animal nutrition and health products continues to grow. As a mature iron supplement product, Dextran Iron Injection is expected to leverage China's advantages in veterinary drug production to expand overseas markets and further increase market share. According to relevant market research reports, the iron deficiency injection market is experiencing significant growth, with the market value expected to reach 12.046 billion USD in 2024 and climb to 23.874 billion USD by 2032, with a compound annual growth rate of 8.93%. Among these, Dextran Iron Injection, as an important category, will occupy a considerable share.
In summary, whether it is the huge domestic demand in the livestock farming market, the potential space in the international market, or the development opportunities brought by technological innovation, all indicate a bright market prospect for Dextran Iron Injection. It is expected to maintain a continuous growth trend in the future, providing strong support for the healthy development and industrial upgrading of animal husbandry.
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