The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Overview

• Strong growth observed in recent years.
• Expected to reach $2.2 billion in 2024 with a CAGR of 9.6%.
• Forecasted to grow to $3.17 billion in 2028 with a CAGR of 9.5%.
• Major trends include technological advancements and a focus on preventive healthcare.

Driving Forces Behind Growth

Rising Prevalence of Swine Diseases

• Diseases like African Swine Fever (ASF) pose significant threats to swine populations.
• Swine vaccines are crucial for protecting pigs from infectious diseases.
• Major companies include Merck & Co Inc., Boehringer Ingelheim Animal Health USA Inc., and Elanco Animal Health Inc.

Technological Advancements in Swine Vaccines

• Innovation drives growth in the market.
• Boehringer Ingelheim’s TwistPak technology enables simultaneous administration of two vaccines.
• Vaxxinova’s acquisition of Newport Laboratories expands its vaccine portfolio.

Vaxxinova’s Acquisition of Newport Laboratories

• Enhances Vaxxinova’s capabilities in livestock vaccines.
• Newport Laboratories specializes in custom-made vaccines for swine and cattle.

Market Segmentation

1. By Product: Attenuated Live Vaccines, Inactivated Vaccines, Subunit Vaccines, etc.
2. By Disease: Viral Infections, Bacterial Infections, Parasitic Infections, etc.
3. By Distribution Channel: Veterinary Hospitals, Veterinary Pharmacies, Online Pharmacies
4. By Application: Government Tender, Market Sales

Regional Outlook

• North America led the market in 2023.
• Asia-Pacific expected to be the fastest-growing region due to the expanding swine industry.

In conclusion, the swine vaccines market is witnessing robust growth driven by the rising prevalence of swine diseases and technological advancements in vaccine delivery. Major players are investing in research and development to introduce innovative solutions that enhance swine health and productivity. Strategic acquisitions further bolster companies’ capabilities and market presence. With increasing awareness about the importance of preventive healthcare in the swine industry, the demand for advanced vaccines is expected to rise, creating significant opportunities for stakeholders across the globe.

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