Global Porcine Vaccines Market to grow at CAGR of 7.1% During Forecast Period 2019-2023

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Global Porcine Vaccines Market to grow at CAGR
of 7.1 During Forecast Period 2019-2023
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Porcine Vaccines Market
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. Request For Free Sample
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Porcine Vaccines Market
Regional Analysis On regional basis, the Americas
is anticipated to dominate the global porcine
vaccines market owing to the increasing
prevalence of porcine diseases such as PED
(Porcine Epidemic Diarrhea), PRRS (Porcine
Reproductive Respiratory Syndrome), swine
influenza etc. and rapid increase in pig farms.
Additionally, rise in number of contract farming
and independent farming for pig cultivation is
contributing the market growth. According to The
United States Department of Agriculture, National
Agricultural Statistics Service Livestock
Slaughter report, U.S. pork production was
around 2 billion pound in 2016. Europe is
expected to hold the second largest position in
the global porcine vaccines market owing to
increasing number of production units for pigs
and high consumption of pork meat. The
Asia-Pacific region is anticipated to be fastest
growing region is due to introduction of new
vaccines, initiatives by various government
agencies, animal care associations, and incidence
of major key players for growth and development
in this region. The Middle East Africa has the
least share of the global porcine vaccines
market. Moreover, the major market share of the
region is expected to be held by the Middle East
region owing to the increasing government
initiatives for the agriculture and animal
husbandry sector Access Report _at_
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ne-vaccines-market-7438
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Porcine Vaccines Market
Segmentation The global porcine vaccines market
has been segmented into type, disease indication,
and end user. By type, the market has been
segmented into Inactivated vaccines, Live
attenuated vaccines, Toxoid vaccines, Recombinant
vaccines, Conjugate vaccines, DNA vaccines. On
the basis of disease indication, the global
porcine vaccines market has been segmented into
PED (Porcine Epidemic Diarrhea), PRRS (Porcine
Reproductive Respiratory Syndrome), Swine
influenza, Aujeszky's disease (AD), Porcine
Circovirus Associated Disease (PCVAD) and
others. The global porcine vaccines market, by
end user, has been segmented into Veterinary
Hospitals and Hog Production Farm. 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
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