Porcine Vaccine Market Strategies and Forecast, 2016 to 2028 | Boehringer Ingelheim GmbH, Merck & Co., Inc., Elanco and Zoetis

This detailed market study focuses on the data obtained from various primary and secondary sources and is analyzed using different tools. It helps in gaining insights about the potential of the market for growth which can facilitate the investors in identifying scope and opportunities. The analysis also provides details of each segment in the global Porcine Vaccine Market.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) Boehringer Ingelheim GmbH
2) Merck & Co., Inc.
3) Elanco
4) Zoetis

According to the report, Porcine Vaccine Market is projected to register high demand during the forecast period with increasing demand from major technology such as Live Attenuated Vaccines, Inactivated Vaccines, Recombinant Vaccines, Toxoid Vaccines, Conjugate Vaccines, DNA Vaccines during the forecast period. Porcine vaccines are used clinically to ameliorate swine condition by guarding them against viruses, bacteria, and other pathogens. The porcine vaccine market is mainly driven by the demand for gelatin and pork meat, and a rise in the prevalence of swine diseases. Increasing R&D investments by vaccine manufacturing companies, government initiatives, and demand for porcine meat are some of the major factors propelling market growth. For instance, the International Livestock Research Institute (ILRI) started initiatives carry out pig farming more efficiently in 2014.

In May 2019, Hipra launched two new swine vaccines in the South Korean market for regional expansion. Moreover, the rising demand for meat, milk and animal proteins and growing concern over the prevalence of zoonotic diseases are factors driving the market. Vietnam is the third largest pig meat eating country in the world, where an average of 29.14 kg of pig meat was consumed in 2015.

The ongoing research regarding medical advancements in animal vaccines is expected to fuel market growth in the coming years. For instance, in 2017, researchers from the US and Australia uncovered genetic data that may help in developing a vaccine for American swine fever. The high disease prevalence with regards to swine health is seen in some countries such as Africa, Sardinia, The Russian Federation, and a few Eastern European countries.

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Segmentation for better understanding of this market and its growth prospects:

Based on technology, the global porcine vaccine market has been segmented into the live attenuated virus, inactivated vaccines, recombinant vaccines, toxoid vaccines, conjugate vaccines, and DNA vaccines. The inactivated vaccine is expected to witness lucrative growth during the forecast period. This growth can be attributed to low cost, technological advancements, easy availability, and low risk of revert action.

Based on disease type, the market can be segmented into diarrhea, arthritis, swine influenza, pneumonia, Porcine Reproductive and Respiratory Syndrome (PRRS), Porcine Circovirus Associated Disease (PCVAD), and others (leptospirosis, CHRS). The swine influenza segment is expected to witness growth, owing to climate change due to global warming, overfeeding of protein diet, and increasing occurrence of genetically modified influenza strains. Diarrhea and PCVAD segments are also expected to witness significant growth due to ongoing research on the development of recombinant vaccines.

Based on end-use industry, the market has been segmented into veterinary hospitals and hog production firms. The growth of the hog production firms segment can be attributed to the increased breeding of pigs for meat and other products. The market has been studied for North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, and Rest of the World.

The market is highly competitive in nature. Key market players include Ceva Sant Animale, Boehringer Ingelheim GmbH, Merck & Co., Inc., Elanco, and Zoetis. Companies are engaging in different strategies such as mergers&acquisitions, regional expansions, new product launches, and collaborations to increase their market share.

Key Factors Impacting Market Growth:

o Increasing market demand for porcine vaccines
o High demand from the healthcare sector
o Increasing meat and animal protein consumption worldwide
o Rising demand for recombinant vaccine technology

Regional segmentation and analysis to understand growth patterns:

The market has been segmented in major regions to understand the global development and demand patterns of this market.

North America, Western Europe, and Asia Pacific by region are estimated to dominate the porcine vaccine market during the forecast period. These regions have been market leaders for the overall healthcare sector in terms of technological developments and advanced medical treatments. Moreover, the government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for porcine vaccine market during the forecast period.

The US, Germany, France, UK, Canada, and Spain have been some the major markets in the region. Asia Pacific is estimated to register one of highest CAGR for porcine vaccine market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in the recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for porcine vaccine market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for porcine vaccine during the forecast period.

This report provides:

1) An overview of the global market for Porcine Vaccine Market and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for Global Porcine Vaccine Market.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.

The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

Market Segmentation:

By Technology Type:
o Live Attenuated Vaccines
o Inactivated Vaccines
o Recombinant Vaccines
o Toxoid Vaccines
o Conjugate Vaccines
o DNA Vaccines

By Disease Type:
o Diarrhea
o Arthritis
o Influenza
o Pneumonia
o Porcine Reproductive and Respiratory Syndrome (PRRS)
o Porcine Circovirus Associated Disease (PCVAD)
o Others

By End User
o Veterinary Hospitals
o Hog Producing Firms

By Region:

North America
o By Country (US, Canada, Mexico)
o By Technology
o By Disease Type
o By End User

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Technology
o By Disease Type
o By End User

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Technology
o By Disease Type
o By End User

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Technology
o By Disease Type
o By End User

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Technology
o By Disease Type
o By End User

Rest of the World
o By Region (South America, Africa)
o By Technology
o By Disease Type
o By End User

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This release was published on openPR.