Global Swine Health Market 2017-2021

Overview of the global swine health market

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