Porcine Vaccines Market to Register a Steady Expansion at CAGR 7.1% by 2023

Market Highlights

The global porcine vaccines market held a market value of USD 1910.7 million in 2017 and is projected to grow at a CAGR of 7.1% over the forecast period. Porcine vaccines aid the swine or hogs suffering from epidemic swine diseases. It also helps in improving overall efficiency in protecting swine from deadly viruses, bacteria and increases the production level of high-quality meat and gelatine. The increasing prevalence of swine diseases such as PED (Porcine Epidemic Diarrhea), PRRS (Porcine Reproductive & Respiratory Syndrome), swine influenza etc. are anticipated to drive the market growth during the forecast period.  Additionally, rising number of biotechnology companies, research institutions engaged in research and development of porcine vaccines, and government initiatives for funding agriculture and animal husbandry sector and increasing demand for porcine meat and gelatine are likely to contribute to the market growth. For instance, by the world by per-capita pig meat consumption, US has an average of 64.4 kilos of meat consumed in 2017. According to National Pork Producers Council the pork production has an estimated USD 23.4 billion of gross output nationwide. However, high cost of maintaining vaccines may hamper the market growth during the assessment period.

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Market Segmentation

The global porcine vaccines market segmentation is divided on the basis of disease indication, type, region, and end-user.

By type, the market includes Conjugate vaccines, live attenuated vaccines, inactivated vaccines, Toxoid vaccines, DNA vaccines, and Recombinant vaccines.

By disease indication, the market segments into Swine influenza, PED (Porcine Epidemic Diarrhea), Porcine Circovirus Associated Disease (PCVAD), PRRS (Porcine Reproductive & Respiratory Syndrome), Aujeszky's disease (AD), and others.

By end-user, the market divides into Hog Production Farm and Veterinary Hospitals.

By region, the porcine vaccines market covers Americas, Asia Pacific, Europe, and the Middle East and Africa. Furthermore, North America breaks into the US and Canada; Asia Pacific divides into India, China, Japan, South Korea, Australia, and Rest of Asia Pacific; Europe divides into Western and Eastern Europe.

Key Players

Some of the prominent players in the global porcine vaccines market are Bayer AG, Bimeda, Inc., Boehringer Ingelheim International GmbH, Ceva Sante Animale, Eli Lilly and Company, Merck & Co., Inc., Sanofi S.A., Vetoquinol S.A., Zoetis, Inc., PBS Animal Health, Aptimmune. 

Regional Analysis

Among the mentioned regions covered by the porcine vaccines market, the Americas hold the dominant share and stand tall with the leading position. The growth and positioning of the region can be owed to the rising number of pig farms and rising swine-based diseases like swine influenza, PED (Porcine Epidemic Diarrhea), PRRS (Porcine Reproductive & Respiratory Syndrome), etc. Add to this, the fast-paced increase in contract farming as well as independent farming for the cultivation of pig is also identified as a major driver of the regional market.

Europe holds the second largest position in the global porcine vaccination market and is expected to retain its positioning in the forthcoming years of the forecast period. The growth of the market is attributed to the expanding number of production units for swine and a high consumption rate of pork meat.

The Asia Pacific region is expected to hold the potential to be the fastest growing region in the porcine vaccines market. The factors contributing to the growth of the market are animal associations, initiatives undertaken by various government agencies, and high opportunities of growth for major players in the market in regard to setting up their manufacturing plants in the region.

The Middle East & Africa region boasts the least share in the global porcine vaccines market. The region is anticipated to be majorly spearheaded by the Middle East due to the increasing government initiatives for the animal care industry.

 

April 12th, 2019, MSD Animal Health made an announced concerning the launch of its new and innovative triple action sowcare vaccine to fight against lep-tospirosis, porcine parvovirosis, and erysipelas. This one of a kind immunity vaccine against three dangerous diseases is a huge development in the industry.

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  • HealthCare
    published this page in Submit Content 2019-08-08 03:09:45 -0700

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