Swine Vaccines Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Swine Vaccines Market?
The escalating prevalence of illnesses in pigs is predicted to drive the pig vaccine market forward. Pig disease refers to any abnormality in an organism’s structural or functional state, marked by several signs and symptoms of illnesses such as pseudorabies and influenza. Pig vaccines are effective in combating the escalating prevalence of illnesses in pigs by stimulating the immune system to identify and react to specific pathogens. This not only reduces infection rates, but also alleviates the severity of the disease and fosters the overall health of the herd. In December 2023, for example, the Swine Health Information Center, based in the United States, reported a worrisome surge in African Swine Fever (ASF) cases among wild boars in Poland. As of early 2023, the country has reported 2,347 confirmed ASF cases in wild boars, exceeding the total from 2022. As a result, the escalating prevalence of pig illnesses is expected to fuel market growth.
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#What is the Projected CAGR for the Swine Vaccines Market Size from 2025 to 2034?
Over recent years, there has been a robust growth in the size of the swine vaccines market. The market is projected to expand from $2.18 billion in 2024 to $2.38 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.9%. Factors contributing to this growth in the historical period include disease outbreaks, financial losses, government regulations, and an uptick in swine production.
Expectations are high for the swine vaccines market to witness substantial growth in the coming years. This market is envisioned to catapult to a worth of $3.44 billion by 2029 with a compound annual growth rate (CAGR) of 9.7%. The projected growth during the forecast period can be credited to the advent of emerging diseases and viral strains, the worldwide spread of the swine industry, modifications in climate and environment, biosecurity precautions, and market rivalry. Key trends for the forecast period comprise advancements in veterinary sciences, changes in disease patterns, an increased global need for protein, technological progress, and an emphasis on preventive healthcare.
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What Are the Most Significant Market Trends Transforming theSwine Vaccines Market?
The rise of technological innovation is a prominent trend in the swine vaccine market that has been attracting considerable attention. To strengthen their hold in the market, key industry players are focusing on developing pioneering technologies to administer two vaccines simultaneously and improve swine health. Take, for instance, the TwistPak technology introduced by the Germany-based pharmaceutical firm, Boehringer Ingelheim, in May 2022. This revolutionary platform facilitates the merging of two vaccines, IngelvacCircoFLEX and IngelvacMycoFLEX for use in swine rearing. It not only simplifies the mixing procedure but also ensures a quick and efficient platform making it possible to use the resultant product either as a combined vaccine or a monovalent. Crafted with advanced technologies, TwistPak provides ergonomic design features.
What Are the Top Market Players Propelling the Growth of theSwine Vaccines Industry?
Major companies operating in the swine vaccines market are Merck & Co Inc., Boehringer Ingelheim Animal Health USA Inc., Elanco Animal Health Inc., Biogenesis Bago SA, Phibro Animal Health Corporation, KM Biologics Co. Ltd., Hipra Laboratories SA, Ceva Santé Animale SA, Zoetis Inc., Jinyu Bio-Technology Co. Ltd., China Animal Husbandry Industry Co. Ltd., Virbac SA, Harbin Veterinary Research Institute, Bioveta AS, Bimeda Holdings PLC, Biovac Ltd., Hester Biosciences Limited, Hygieia Biological Laboratories, IDT Biologika GmbH, Intervet Inc., Komipharm International Co. Ltd., Kyoritsu Seiyaku Corporation, Lohmann Animal Health International, Norbrook Laboratories Limited, Ouro Fino Saúde Animal SA, Prondil SA, Vaxxinova International BV, Vetoquinol SA, Veyx Pharma GmbH, Tianjin Ringpu Bio-Technology Co. Ltd.
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Which Primary Segments of the Swine Vaccines Market Are Driving Growth and Industry Transformations?
The swine vaccines market covered in this report is segmented –
1) By Product: Attenuated Live Vaccines, Inactivated Vaccines, Subunit Vaccines, DNA (Deoxyribonucleic Acid) Vaccines, Recombinant Vaccines
2) By Disease: Viral Infections, Bacterial Infections, Parasitic Infection, Fungal Infections, Other Diseases
3) By Distribution Channel: Veterinary Hospitals, Veterinary Pharmacies, Online Pharmacies
4) By Application: Government Tender, Market Sales
Subsegments:
1) By Attenuated Live Vaccines: Live Attenuated Virus Vaccines, Live Attenuated Bacterial Vaccines
2) By Inactivated Vaccines: Whole Inactivated Virus Vaccines, Inactivated Bacterial Vaccines
3) By Subunit Vaccines: Protein Subunit Vaccines, Polysaccharide Subunit Vaccines
4) By DNA (Deoxyribonucleic Acid) Vaccines: Plasmid DNA Vaccines, Nucleic Acid Vaccines
5) By Recombinant Vaccines: Recombinant Vector Vaccines, Recombinant Protein Vaccines
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https://www.thebusinessresearchcompany.com/customise?id=8163&type=smpGlobal Swine Vaccines Market, Global Swine Vaccines Market Report, Global Swine Vaccines Market Trends, Global Swine Vaccines Market Size
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