As per the Technavio’s market research report, the global swine health market is expected to grow at a steady rate and post a CAGR of close to 8% during the forecast period. The increasing demand for livestock products on a global level will drive the growth prospects for the global swine health market during the predicted period. The adoption rate of antibiotics, vaccines, and other treatments is anticipated to grow with the increasing number of initiatives taken by 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 number of 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.
In terms of revenue, the swine health market in APAC dominated the global market during 2016 and is likely to experience a high growth rate during the estimated period. Factors such as the growing swine farming in China, the increasing demand for livestock products in Asia, the effective prevention and treatment of swine-related diseases, and the increasing efforts of researchers and vendors to boost livestock production, will fuel the need for better therapeutics for swine in this region.
Competitive landscape and key vendors
The global swine health market is a fragmented market and is characterized by the presence of various key vendors. These vendors play a vital role in various activities such as prescribing medicines, consumer healthcare, animal health, biopharmaceuticals, and industrial customers. Several vendors are increasingly coming up with innovative pharmaceutical products and vaccines for the protection of livestock and pets and are focusing on manufacturing vaccines that act against porcine and avian diseases for the Chinese market. Furthermore, vendors are also involved in the manufacturing and distribution of vaccination equipment, disinfectants, parasiticides, behavioral products, and metabolism correctors.
Key vendors in this market are -
Ceva Santé Animale
Merck Animal Health
Other prominent vendors in the market include Animal Medics, Biogénesis Bagó, Biovet, Dechra, ECO Animal Health, Huvepharma, Indian Immunologicals, Lillidale Animal Health, Mobedco-Vet, Neogen, Norbrook, Orion, Phibro Animal Health, Vétoquinol, Virbac, and Vitafor.
Segmentation by route of administration and analysis of the swine health market
The injectable formulations segment dominated the market during 2016 and is likely to continue its domination during the estimated period as well. Though injectable formulation involves side effects such as pain, possible drug precipitation, hemolysis upon injection, and inflammation, the demand for the injectable route of administration is higher than the oral route of administration. The side effects can be partially alleviated by designing and prescribing a water-soluble prodrug of the lipophilic water-insoluble drug to the patient, which will surge the growth of this segment.
Segmentation by product category and analysis of the swine health market
The antibiotics segment was the highest revenue contributor to the global swine health market during 2016 and is estimated to dominate the market for the next four years. The growing focus of vendors towards the development of antibiotics across a range of indications and the increasing incidence of swine diseases, will fuel the adoption of antibiotics in the upcoming years.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global swine health market?
What are the key market trends impacting the growth of the global swine health market?
What are the challenges to market growth?
Who are the key vendors in the global swine health market?
What are the market opportunities and threats faced by the vendors in the global swine health market?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global swine health market?
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