The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s swine vaccines market report forecasts the swine vaccines market size to grow to $2.71 Billion by 2027, with a CAGR (compound annual growth rate) of 8 %.

Learn More On The Swine Vaccines Market Report 2023 – https://www.thebusinessresearchcompany.com/report/swine-vaccines-global-market-report

Swine Vaccines Market Size Forecast
The global swine vaccines market is expected to grow from $1.83 billion in 2022 to $1.99 billion in 2023 at a compound annual growth rate (CAGR) of 8.82%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The swine vaccines market size is expected to reach $2.71 billion in 2027 at a CAGR of 8%.

North America held the largest swine vaccines market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Swine Vaccines Market Driver ­– Rise In The Prevalence Of Diseases In Swine
For instance, in August 2022, according to the report by the World Organization for Animal Health (WAHIS), a global database of animal health, more than 1,125,000 pigs and 36,000 wild boars have been affected by African Swine Fever (ASF) since January 2020 (data reported through INs and FURs), resulting in more than 1,960,000 animal losses. Therefore, the rising prevalence of diseases in swine is expected to drive the market.

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Key Swine Vaccines Market Trend – Technological Advancement
Major players are concentrating their efforts on creating innovative technologies to deliver two vaccines at the same time to enhance swine health to sustain their position in the swine vaccine market. For example, in May 2022, Boehringer Ingelheim, a Germany-based pharmaceutical company, launched TwistPak technology. TwistPak is a ground-breaking platform for blending two vaccines, IngelvacCircoFLEX and IngelvacMycoFLEX, for use by swine producers. TwistPak offers a convenient and short-time-consuming platform, enabling a simplified mixing process while maintaining the flexibility of using the products as a combined vaccine or a monovalent. It is manufactured using advanced technologies and is ergonomically designed.

Swine Vaccines Market Segment
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

Swine Vaccines Market Major Players and Strategies
Major players in the swine vaccines market are Merck & Co Inc., Boehringer Ingelheim, Elanco Animal Health Inc., Indian Immunologicals Limited, Biogenesis Bago SA, Phibro Animal Health, KM Biologics, Hipra Laboratories SA, Ceva, Zoetis Inc., Jinyu Bio-Technology Co Ltd., China Animal Husbandry Industry Co Ltd., Shanghai Hile Bio-Technology Co Ltd., Ringpu Biology Technology Co Ltd., Chengdu Kanghua Biological Products Co Ltd., Choong Ang Vaccine Laboratories Co Ltd., Virbac, Harbin Veterinary Research Institute (HVRI), and Bioveta AS.

In September 2021, Vaxxinova, a Germany-based producer of livestock vaccines, acquired Newport Laboratories from Boehringer Ingelheim for an undisclosed amount. This acquisition will help Vaxxinova develop and improve its goods and services for livestock farmers and veterinarians. Newport Laboratories is a US-based Newport Laboratories company that manufactures custom-made vaccines for swine and cattle.

The Swine Vaccines Global Market Report 2023 covers regional data on swine vaccines market size, swine vaccines market trends and drivers, opportunities, strategies, and swine vaccines market competitor analysis. The countries covered in the swine vaccines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The swine vaccine refers to a preparation that is administered or injected in pigs to stimulate the immune response against a specific infectious agent.

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