The Poultry Vaccines Global Market Report 2023 by The Business Research Company, provides poultry vaccines market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Poultry Vaccines Global Market Report 2023, the market size is expected to grow from$1.50 billion in 2022 to $1.63 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The poultry vaccines market size is expected to reach $2.22 billion in 2027 at a CAGR of 7.9%.
The increasing prevalence of zoonotic diseases is expected to propel the growth of the poultry vaccine market going forward. Zoonotic diseases are a group of common diseases caused by pathogenic germs such as viruses, bacteria, parasites, and fungi. The significant changes in land use, increased urbanization have all been linked to disease onset by increasing human-animal encounters and quickening transmission rates, climate change, urbanization, and the degradation of natural habitats raise the danger of zoonotic illnesses. Due to the surge in the number of zoonotic cases, there is an increase in demand for poultry vaccines.
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The poultry vaccines market is segmented:
1) By Type: Porcine Vaccines, Poultry Vaccine, Livestock Vaccine, Companion Animal Vaccine, Aquaculture Vaccines, Other Animal Vaccines
2) By Disease Type: Avain Influenza, Infectious Bronchitis
3) By Dosage Form: Liquid Vaccine, Freeze Dried Vaccine, Duct
4) By Technology: Toxoid, Live Attenuated Vaccines, Recombinant Vaccines, Inactivated Vaccines
5) By Application: Broiler, Layer, Breeder
Technological advancements in poultry vaccines are a key trend gaining popularity in the poultry vaccines market. Innovation and technologies have resulted in vaccines becoming the most effective and cost-effective illness prevention measures for poultry animals. Major companies operating in the poultry vaccine market are focused on developing new technological solutions to strengthen their position. For instance, in January 2020, Boehringer Ingelheim, a Germany-based pharmaceutical company, launched the VAXXITEK HVT+IBD+ND vaccine to protect poultry from three types of diseases. VAXXITEK ® HVT+IBD+ND builds a solid immune foundation and provides enhanced protection against marek’s disease, infectious bursal disease (classic and variant kinds), and newcastle disease.
The poultry vaccines market report table of contents includes:
1. Executive Summary
2. Poultry Vaccines Market Characteristics
3. Poultry Vaccines Market Trends And Strategies
4. Poultry Vaccines Market – Macro Economic Scenario
5. Poultry Vaccines Market Size And Growth
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26. Africa Poultry Vaccines Market
27. Poultry Vaccines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Poultry Vaccines Market
29. Poultry Vaccines Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Zoetis
- Boehringer Ingelheim
- Elanco
- Ceva Animal Health LLC
- Phibro Animal Health Corporation
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