Industry Background:
Pig vaccines are medicinal products that protect pig from various viruses, bacteria, and pathogens. Pig vaccines contain antigens from viruses, bacteria or parasites that stimulate an immune response of pig which will protect pigs from natural infections. It also enhances overall productivity by protecting pigs and increases the production of high-quality meat for consumption. To control the transmission of diseases needs proper vaccination which help to improve the immunity of pigs.This growth is primarily driven by Growing Prevalence of Swine Diseases across the Globe and Rising Reproductive Failure and Growing Birth Rate of Weak Piglet.
Globally, a noticeable market trend is evident Technology Advancement in Vaccine Technology. Major Players, such as Merck Animal Health (United States), Boehringer Ingelheim (Germany), Jinyu Bio-technology (China), China Animal Husbandry (China), Zoetis (United States), Ceva (United States), HIPRA (Spain), Tianjin Ringpu (China), Brilliant Bio Pharma Private Limited (India), Aptimmune Biologics (United States) and Indian Immunologicals Ltd. (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Growing Prevalence of Swine Diseases across the Globe
- Rising Reproductive Failure and Growing Birth Rate of Weak Piglet
Market Trend
- Technology Advancement in Vaccine Technology
Restraints
- High Expenses of Maintaining and Handling Storage Conditions
Opportunities
Rise in Investments by Governments in the field of Animal Health Care, Increasing R&D Expenses for New Vaccines and High Investments into vaccine development
Challenges
Chance of Reverse Reaction from Vaccines
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