Swine Respiratory Diseases Treatment Market Value With Status And Global Analysis | Future Plans And CAGR Forecast By 2027
A new research report by Future Market Insights gives an overview of the global swine respiratory diseases treatment market growth. The report is titled ‘Swine Respiratory Diseases Treatment Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027,’which includes the analysis of the global as well as the regional markets. According to the report, the global swine respiratory diseases treatment market is expected to hold a market value of over US$ 1,430 Mn in 2017, which is expected to reach a value of over US$ 2,700 Mn in 2027 growing at a robust CAGR of 6.6% during the forecast period.
The most prevalent respiratory disease in pigs, PRRS (porcine reproductive and respiratory syndrome), is treated with medications and vaccinations that aid in curing or preventing swine respiratory infections. Swine respiratory disorders are treated with medications administered in a variety of ways, including injections and in-feed inclusions. The biological tool used to increase disease immunity is the vaccine. The two main forms of vaccines used to prevent swine respiratory infections are live, attenuated vaccines and killed, inactivated vaccines.
Global Swine Respiratory Diseases Treatment Market: Segmental Highlights
The market is segmented on the basis of causative agent, treatment type, route of administration, distribution channel and region.
- By causative agent, Mycoplasma and Virus segments dominated the global swine respiratory diseases treatment market in revenue terms in 2016, and the trend is projected to continue throughout the forecast period.
- By treatment type, drug segment is expected to be the most lucrative with its market size reaching a value of over US$ 1,700 Mn by the end of 2027. However, the vaccines segment is forecasted to witness a higher CAGR than drugs, with a growth rate of 7.2% during the forecast period.
- By route of administration, the market is dominated by oral segment, which holds a market share of over US$ 1,200 Mn in 2017, growing at a CAGR of 6.6%. However, parental segment is ahead in terms of CAGR, growing at rate of 6.8% during the forecast period.
- By distribution channel, the veterinary hospitals segment is expected to be the most lucrative among all routes of administration, forecasted to reach a market share of over US$ 990 Mn by the end of 2027. On the other hand pharmacies segment leads in terms of CAGR with a growth rate of 6.8% during 2017-2027.
- By region, the APEJ regional market leads with its market value reaching over US$ 600 Mn in 2017. The second position is held by North America, which is anticipated to record a market size of over US$ 400 Mn in 2017.
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Global Swine Respiratory Diseases Treatment Market: Dynamics
The market forecast for various segments is based on the factors that are impacting the global market. According to Future Market Insights analysis, the market is driven by an increase in the rate of diseases such as PRRS (Porcine reproductive and respiratory syndrome), the high demand of pork, and increase in the use of vaccines that are given to pigs in order to produce disease free pork.
However, there are a few factors prevailing in the market that may have a negative impact on the market such as stringent regulation by FDA to limit the use of antibiotics for farm animals and also lack of awareness in many countries where the pig farm owners are unaware of the diseases and treatment processes.
Global Swine Respiratory Diseases Treatment Market: Competitive Analysis
This comprehensive research report includes brief profiles of various major companies operating in the global market such as Zoetis, Bayer AG, Boehringer Ingelheim GmbH, Elanco Animal Health (Sub. Eli Lilly), Virbac, Norbrook, Ceva Santé Animale, Intervet Inc., (Sub. Merck & Co. Inc.), Vetoquin.
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Segmentation of the Global Swine Respiratory Diseases Treatment Market
The segmentation of the global swine respiratory diseases treatment market helps readers simplify the market study and understanding, by dividing the market into different segments on the basis of various parameters. The report provides an individual analysis of each and every segment, thus covering every part of the market.
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- MEA
By Causative Agent
- Virus
- Mycoplasma
- Bacteria
- Others
By Treatment Type
- Drugs
- Antibiotic
- Others
- Vaccines
By Route of Administration
- Oral
- Parenteral
By Distribution Channel
- Veterinary Hospitals
- Veterinary Clinics
- Pharmacies
- Others
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