Poultry Vaccines Global Market Outlook 2023-2032: Size And Growth Rate Analysis
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The global poultry vaccines market is poised for substantial growth, with an expected increase from $1.50 billion in 2022 to $1.63 billion in 2023, reflecting a commendable compound annual growth rate (CAGR) of 9.2%. Looking ahead, the market is projected to achieve a size of $2.22 billion in 2027, driven by a robust CAGR of 7.9%. Let’s delve into the key factors shaping the trajectory of this crucial segment in animal health.
The Surge of Zoonotic Diseases: Market Propellant
- Understanding Zoonotic Diseases
- Zoonotic diseases stem from pathogens like viruses, bacteria, parasites, and fungi, affecting both animals and humans.
- Factors such as changes in land use, increased urbanization, and climate change contribute to the rise in zoonotic diseases.
- Impact on Poultry Vaccine Demand
- Increased human-animal encounters and quicker transmission rates elevate the risk of zoonotic illnesses.
- The poultry industry witnesses a surge in demand for vaccines to combat zoonotic diseases.
- Global Zoonotic Trends
- A 64% rise in zoonotic cases in Africa, as reported by the World Health Organization (WHO) in July 2022.
- In India, emerging infectious diseases in humans contribute to 60% of cases, with 816 zoonotic pathogens identified out of 1407 human pathogens.
- Market Implications
- The upswing in zoonotic diseases is a significant driver for the poultry vaccines market, as preventive measures gain prominence.
Key Players Steering the Course
- Industry Pioneers
- Zoetis, Boehringer Ingelheim, Elanco, Ceva Animal Health LLC, Phibro Animal Health Corporation, Hester Biosciences, Intervet Inc., Merck & Co Inc., Indovax Private Limited, HIPRA, Ringpu Biology, Venkys India, Bio-Vet, Biovac, Eli Lilly and Company, VerovacciNES, Torigen, and Aptimmune Biologics are pivotal players shaping the poultry vaccines market.
- Industry Dynamics
- The market exhibits intense competition among major players, emphasizing innovation and research in vaccine development.
Innovating for Impact: Technological Trends in Poultry Vaccines
- Key Trend: Technological Advancements
- Technological advancements are a key trend in the poultry vaccines market.
- Companies focus on incorporating innovative solutions, leveraging artificial intelligence (AI), and machine learning (ML) in vaccine development.
- Exemplary Innovation: Boehringer Ingelheim’s VAXXITEK HVT+IBD+ND
- In January 2020, Boehringer Ingelheim launched VAXXITEK HVT+IBD+ND, a vaccine offering protection against three diseases.
- The vaccine provides enhanced protection against Marek’s disease, infectious bursal disease, and Newcastle disease, showcasing the industry’s commitment to technological advancements.
- Market Impact
- Technological innovations elevate the efficacy and cost-effectiveness of poultry vaccines, ensuring robust preventive measures for flocks.
Comprehensive Market Segmentation
- Type-Based Segmentation
- Porcine Vaccines, Poultry Vaccine, Livestock Vaccine, Companion Animal Vaccine, Aquaculture Vaccines, Other Animal Vaccines
- Disease Type-Based Segmentation
- Avian Influenza, Infectious Bronchitis
- Dosage Form-Based Segmentation
- Liquid Vaccine, Freeze Dried Vaccine, Duct
- Technology-Based Segmentation
- Toxoid, Live Attenuated Vaccines, Recombinant Vaccines, Inactivated Vaccines
- Application-Based Segmentation
- Broiler, Layer, Breeder
Regional Dynamics: North America Takes the Lead
- North America’s Dominance
- North America emerged as the largest region in the poultry vaccines market in 2022.
- The region’s advanced infrastructure and industry awareness contribute to its leadership in the market.
- Global Growth Potential: A Shift to Asia-Pacific
- Asia-Pacific is poised to be the fastest-growing region, reflecting the global shift in poultry dynamics.
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The Poultry Vaccines Global Market Report 2023 provides a comprehensive overview on the poultry vaccines market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies
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