Swine Healthcare Market Scope
The increasing demand for livestock products on a global level will drive the growth prospects for the global swine healthcare market during the forecasted period. The adoption rate of antibiotics, vaccines, and other treatments is anticipated to grow with the increasing number of initiatives taken by the government and vendors to prevent any zoonotic disease from affecting livestock production. Since the production of quality livestock products is dependent on the health of the animal, many vendors are increasingly adopting more drugs to prevent and treat diseases of swine. The above two factors will boost the demand for drugs, antibiotics, and vaccines, which, in turn, will propel the rate of revenue generation in the market.
Attributes | Details |
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Study Period | 2019-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Zoetis (United States), Merck & Co. Inc. (United States), Boehringer Ingelheim (Georgia), Elanco (Eli Lilly) (United States), Bayer AG (Germany), Novus International (United States), Virbac (France), Vetoquinol S.A. (France), Dechra Pharmaceuticals PLC (United Kingdom), Norbrook (United Kingdom) and Neogen Corp (United States) |
CAGR | 8.2% |
The growing awareness regarding swine health-related products and drugs in the Middle East and Africa about swine health has led to a surge in the growth of the market segment. Countries such as South Africa, Kenya, and Zambia pose a high risk for developing disease outbreaks amongst its swine population, which is expected to result in an increased demand for antibiotics and vaccines. Also, vendors are devising new product development strategies to address the unmet needs in the market. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Swine Healthcare market throughout the predicted period.
Zoetis (United States), Merck & Co. Inc. (United States), Boehringer Ingelheim (Georgia), Elanco (Eli Lilly) (United States), Bayer AG (Germany), Novus International (United States), Virbac (France), Vetoquinol S.A. (France), Dechra Pharmaceuticals PLC (United Kingdom), Norbrook (United Kingdom) and Neogen Corp (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Huvepharma EOOD (Bulgaria), Lillidale Animal Health (United Kingdom) and International Health Care Limited (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Swine Healthcare market by Type , by Application (Livestock, House and Others) and Region with country level break-up.
On the basis of geography, the market of Swine Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On 1st August 2019, Elanco Animal Health announced its acquisition of Montreal based Prevtec Microbia Inc. which is a biotechnology startup specializing in the development of vaccines to restrain the bacterial diseases in food animals. Elanco’s partnership with Prevtec proved to be successful resulting in the delivery of non-antibiotic solutions for swine producers.
In May 2022, Boehringer Ingelheim launched TwistPak, a mixing platform for swine vaccines, demonstrating innovation in vaccine administration for swine health.
Influencing Trend:
Increasing Prevalence of Swine Influenza
Market Growth Drivers:
Growing Pig Farming Globally is Increasing the Demand for Swine Healthcare and Increasing Worldwide Consumption of Pig Meat
Challenges:
Stringent Regulatory Norms Regarding Swine Healthcare
Restraints:
High-Cost Maintenance and Storage of Vaccines
Opportunities:
Raising Awareness about Animal Health will Boost Swine Healthcare Market and Research and Innovation in Swine Healthcare Vaccines
Key Target Audience
Swine Healthcare Providers, Research and Development Institutes, Regulatory Bodies and Others