Albany, NY -- (SBWIRE) -- 10/16/2020 -- Porcine Vaccines Market - Overview
This report on the porcine vaccines market analyzes the current and future scenario of the global market. Increase in the prevalence of diseases among swine, technological advancements of RNA strand methodology and cultivation of pigs to raise standards of living are likely to drive the global porcine vaccines market during the forecast period. Increase in the number of trading facilities for live hogs/pigs, rise in the demand for pork meat, and innovations through clinical research activities are some of the factors expected to drive the global porcine vaccines market during the forecast period.
This report on the global porcine vaccines market comprises an elaborate executive summary, which includes market snapshot that provides information about various segments. It also provides information and data analysis of the market with respect to segments based on disease indication, technology, end-user, and region. A detailed qualitative analysis of drivers, restraints, and opportunities has been provided in the market overview section. Additionally, the section comprises Porter's five forces analysis to help understand the competition landscape of the market. This section also provides market attractiveness analysis, in terms of country, and market share analysis, by key players, thereby presenting a thorough analysis of the overall competition scenario in the global porcine vaccines market.
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Porcine Vaccines Market - Snapshot
The global porcine vaccines market is expanding due to growing prevalence of swine diseases across the globe. The global porcine vaccines market was valued at US$ 1,784.0 Mn in 2016 and is projected to expand at a compounded annual growth rate (CAGR) of over 7.0% from 2017 to 2025, to reach value of US$ 3,208.8 Mn by 2025. The global market is witnessing growth at a relatively high rate, owing to rise in investments by governments in the field of animal health care, high incidence of swine fever, increase in R&D expenses incurred for eradicating porcine health issues, and surge in the demand for porcine meat and gelatin.
Porcine vaccine is an administrative as well as clinical drug that helps in improving health of swine and protects them from deadly viruses, bacteria, and pathogens. Diseases such as diarrhea, swine influenza, porcine reproductive and respiratory syndrome, and porcine circovirus associated disease (PCVAD) have been greatly reduced from spreading in an endemic manner. A few diseases such as foot & mouth disease and cholera high fever have been eliminated in swine in North America and Europe through vaccination. The success of animal vaccination remains as an ideal interval for booster vaccination.
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The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the global Porcine Vaccines market.
Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global Porcine Vaccines market.
Key Players of Porcine Vaccines Market Report:
This report profiles major players in the global Porcine Vaccines market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The global Porcine Vaccines market is consolidated, with the presence of few global players dominating the market.
Companies such as Boehringer Ingelheim GmbH, Ceva Santé Animale, Elanco (Eli Lilly and Company), Merck & Co., Inc., and Zoetis, Inc. were major players in the global porcine vaccines market in 2016. Zoetis, Inc. dominated the market with its diversified product portfolio, extensive geographical presence, and acquisition strategies. In 2015, the company invested over US$ 1.0 Bn in two largest acquisitions. One of them was the acquisition of PHARMAQ, which strengthened Zoetis' core livestock business division. Other players operating in the global market include Bimeda Animal Health, Vetoquinol, and Bayer AG. Companies are adopting the strategy of acquisitions and collaborations to enhance and strengthen their geographical presence.
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