Pig Vaccine Market Size And Forecast
Pig Vaccine Market size was valued at USD 562.08 Million in 2020 and is projected to reach USD 1.25 Billion in 2028, growing at a CAGR of 10.5% from 2021 to 2028.
An increase in pork consumption, a rise in zoonotic diseases worldwide, and the increase in investments from Government and Private levels are acting as important market drivers. The Global Pig Vaccine Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Pig Vaccine Market Definition
Generally, porcine vaccines are used to protect swine from various diseases and bacteria. Vaccines are highly important for disease control in animals. Some of the dangers of porcine are Porcine reproductive and respiratory disease (PRRSV) and Porcine circovirus associated disease (PCVAD) other than the diseases like influenza, diarrhea, etc. There were several other diseases like cholera, high fever, and foot and mouth disease which have been eradicated in North America.
Diseases like Porcine Parovirus (PPV) which may lead to reproductive failure in swine have been reported at many places in the world. Its vaccine has been invented in Spain and several modifications of it have been invented in the US and UK. In this way, there are several other vaccines invented for preventing diseases in pigs. Most of these diseases originate from farmers with few pigs with fewer hygiene measures adopted.
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Global Pig Vaccine Market Overview
Porcine Gelatin is used as a stabilizer for the storage of vaccines. The increase in the demand for Porcine Gelatin is further fuelling the market demand. Besides this, the increase in meat consumption worldwide is considered another factor. For example, Vietnam is the third-largest Pork consumer in the world at 28 KG per person. There is a risk of zoonotic diseases being spread by animals. To avoid such risks, a rise in the use of vaccines is observed.
There is a rise in Research and Development activities worldwide for the development of vaccines. These programs are meant for both humans and animals. Government and Private Organizations are investing heavily in these programs. For example, in 2014, ILRI initiated programs to raise pigs efficiently. As a result, more farming will lead to move spread of unwanted viruses. To prevent them, the need for vaccines is a must. Thus, advanced farming techniques are further fuelling the Vaccine Market.
Several Scientists are researching African Swine Flu. There is no vaccine discovered for this yet. Researchers in Australia found some ways to cure but the exact discovery is still not done. This will boost the market. The cost of developing and updating the vaccine is very high. It’s also a very slow process. This is one of the major market restraints. However, increasing technological advancement is reducing the time gap by providing 3D simulation facilities. This will further create market opportunities.
Global Pig Vaccine Market Segmentation Analysis
The Global Pig Vaccine Market is Segmented on the basis of Technology, Disease Type, End-User, And Geography.
Pig Vaccine Market, By Technology
- Attenuated Vaccines
- Inactivated Vaccines
- Recombinant Vaccines
- Toxoid Vaccines
- Conjugate Vaccines
- DNA Vaccines
Based on Technology, The market is segmented into Attenuated Vaccines, Inactivated Vaccines, Recombinant Vaccines, Toxoid Vaccines, Conjugate Vaccines, and DNA Vaccines. Inactivated Vaccines has the highest share. In the US, since 2000 inactivated vaccines are mostly used. Oral Vaccines have been stopped at many places.
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Pig Vaccine Market, By Disease Type
- Diarrhea
- Arthritis
- Influenza
- Pneumonia
- PRRS
- PCVAD
- Others
Based on Disease Type, The market is segmented into Diarrhea, Arthritis, Influenza, Pneumonia, PRRS, PCVAD, and Others. Diarrhea and Influenza have the highest market share. Together they occupy half of the vaccine market. This is because Diarrhea and Influenza is the most occurring disease from pigs.
Pig Vaccine Market, By End-User
- Veterinary Hospitals
- Hog Production Farms
- Others
Based on End-User, The market is segmented into Veterinary Hospitals, Hog Production Farms, and Others. Veterinary Hospitals have the highest market share. Most of the swine diseases occur from farms. So, the need for veterinary hospitals is very important to cure ailing animals. This infrastructure facility helps in animal farming.
Pig Vaccine Market, By Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World
On the basis of Geography, The Global Pig Vaccine Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America has the highest market for vaccines. This is because the increase in farm activities coupled with the facility like independent farming is boosting the market. The market of Asia-Pacific is growing very fast. This is because of the increase in meat export and gelatin requirement.
Key Players
The “Global Pig Vaccine Market” study report will provide Ceva Sante Animalevaluable insight with an emphasis on the global market. The major players are Bayer AG, Bimeda Animal Health, Boehringer Ingelheim GmbH, Ceva Sante Animale, Eli Lilly and Company, Merck & Co., Sanofi S.A, Vetoquinol, and Zoetis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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