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Swine Vaccines Market Size, Share, Trends, Growth, Technology, Application, Analysis And Forecast To 2033
Swine Vaccines Market
Swine Vaccines Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.17 billion In 2028 At A CAGR Of 9.5% :
The swine vaccines market size has grown strongly in recent years. It will grow from $2.01 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to disease outbreaks, economic losses, government regulations, increased swine production.
The swine vaccines market size is expected to see strong growth in the next few years. It will grow to $3.17 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to emerging diseases and viral strains, globalization of swine industry, climate and environmental changes, biosecurity measures, market competition. Major trends in the forecast period include veterinary advancements, evolving disease patterns, global demand for protein, technological advancements, preventive healthcare focus.
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Swine Vaccines Market Major Segments
The swine vaccines market covered in this report is segmented -
1) By Product: Attenuated Live Vaccines, Inactivated Vaccines, Subunit Vaccines, DNA (Deoxyribonucleic Acid) Vaccines, Recombinant Vaccines
2) By Disease: Viral Infections, Bacterial Infections, Parasitic Infection, Fungal Infections, Other Diseases
3) By Distribution Channel: Veterinary Hospitals, Veterinary Pharmacies, Online Pharmacies
4) By Application: Government Tender, Market Sales
Key Driver - Rising Prevalence Of Swine Diseases Fuels Growth In Swine Vaccine Market
The rising prevalence of diseases in swine is expected to propel the swine vaccine market. Swine disease is any divergence from an organism's normal structural or functional condition accompanied by a few signs and symptoms of diseases such as pseudorabies, influenza. The demand for swine vaccines is increasing due to the rising prevalence of diseases in swine and the need to protect pigs from infectious diseases. For instance, in August 2022, according to the report by the World Organization for Animal Health (WAHIS), a global database of animal health, more than 1,125,000 pigs and 36,000 wild boars have been affected by African Swine Fever (ASF) since January 2020 (data reported through INs and FURs), resulting in more than 1,960,000 animal losses. Therefore, the rising prevalence of diseases in swine is expected to drive the growth of the market.
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Prominent Trend - Technological Advancement Drives Innovation In Swine Vaccine Market
Technological advancement is a key trend gaining popularity in the swine vaccine market. Major players are concentrating their efforts on creating innovative technologies to deliver two vaccines at the same time to enhance swine health to sustain their position in the swine vaccine market. For example, in May 2022, Boehringer Ingelheim, a Germany-based pharmaceutical company, launched TwistPak technology. TwistPak is a ground-breaking platform for blending two vaccines, IngelvacCircoFLEX and IngelvacMycoFLEX, for use by swine producers. TwistPak offers a convenient and short-time-consuming platform, enabling a simplified mixing process while maintaining the flexibility of using the products as a combined vaccine or a monovalent. It is manufactured using advanced technologies and is ergonomically designed.
Swine Vaccines Market Players
Major companies operating in the swine vaccines market report are Merck & Co Inc., Boehringer Ingelheim Animal Health USA Inc., Elanco Animal Health Inc., Biogenesis Bago SA, Phibro Animal Health Corporation, KM Biologics Co. Ltd., Hipra Laboratories SA, Ceva Santé Animale SA, Zoetis Inc., Jinyu Bio-Technology Co. Ltd., China Animal Husbandry Industry Co. Ltd., Virbac SA, Harbin Veterinary Research Institute, Bioveta AS, Bimeda Holdings plc, Biovac Ltd., Heska Corporation, Hester Biosciences Limited, Hygieia Biological Laboratories, Inovio Pharmaceuticals Inc., Intervet Inc., Komipharm International Co. Ltd., Kyoritsu Seiyaku Corporation, Laboratorios Hipra SA, Lohmann Animal Health International, Nexvet Biopharma plc, Norbrook Laboratories Limited, Ouro Fino Saúde Animal SA, Prondil SA, Vaxxinova International BV, Vetoquinol SA, Veyx Pharma GmbH, Tianjin Ringpu Bio-Technology Co. Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the swine vaccines market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the swine vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Swine Vaccines Market Report Structure
3. Swine Vaccines Market Trends And Strategies
4. Swine Vaccines Market - Macro Economic Scenario
5. Swine Vaccines Market Size And Growth
…..
27. Swine Vaccines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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