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African Horse Sickness Vaccines Market Size By Product Type (Live Vaccines, Killed Vaccines), By Application (Horses, Mules), By Geographic Scope And Forecast


Published on: 2024-08-06 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

African Horse Sickness Vaccines Market Size By Product Type (Live Vaccines, Killed Vaccines), By Application (Horses, Mules), By Geographic Scope And Forecast

African Horse Sickness Vaccines Market Size And Forecast

African Horse Sickness Vaccines Market size was valued at USD 80.2 Million in 2024 and is projected to reach USD 124.7 Million by 2031, growing at a CAGR of 6.5% from 2024 to 2031

Increasing investment in R&D programs for the development of several preventive vaccines and guidelines provided by regulatory bodies associated with species health for African horse sickness treatment are the major factors expected to stimulate the African Horse Sickness Vaccines Market. The African Horse Sickness Vaccines Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

African Horse Sickness Vaccines Market Drivers

The market drivers for the African Horse Sickness Vaccines Market can be influenced by various factors. These may include

  • African Horse Sickness Prevalence The need for vaccinations is fueled by the prevalence of African Horse Sickness, especially in endemic areas like sub-Saharan Africa. In order to protect their horses, horse owners and breeders emphasize immunization against outbreaks of the disease, which can result in considerable financial losses for the equestrian sector.
  • Government Policies and Regulations In nations where AHS is endemic or a possible concern, vaccination campaigns are frequently required by regulatory bodies in an effort to stop the disease’s spread. Adherence to these rules generates a stable market for producers and increases demand for AHS vaccinations.
  • Globalization and International Trade The risk of AHS transmission between regions is increased by the globalization of the equine industry and the international movement of horses. Horse immunization may be mandated or highly advised in order to promote safe trade and stop the disease from spreading to non-endemic areas, which would increase the demand for AHS vaccinations throughout the world.
  • Increasing Education and Awareness Efforts to educate horse owners, veterinarians, and industry stakeholders about the value of AHS vaccination result in a rise in the number of people receiving the vaccine. Market expansion is aided by awareness programs emphasizing the seriousness of AHS and the efficacy of immunization.
  • Developments in Vaccine Technology Constant research and development in vaccine technology results in the creation of AHS vaccines that are safer, more effective, and more affordable. The convenience and efficacy of vaccination are increased by innovations such recombinant vaccines and innovative vaccine delivery methods, which encourage market growth.
  • Investing more in the infrastructure of veterinary healthcare can improve access to vaccinations and veterinary services, particularly in areas where AHS is common. Increased total vaccine coverage and increased accessibility to vaccinations propel market expansion by reaching more horses.
  • Risk Mitigation Strategies Trade restrictions and financial losses are just two of the terrible effects that AHS outbreaks can have on the horse sector. As a result, in order to prevent future outbreaks, governments, industry stakeholders, and horse owners employ risk mitigation techniques, such as vaccination, which increases demand for AHS vaccines.
  • Climate Change and Ecological Factors These two variables may have an impact on the prevalence and distribution of AHS vectors, such as biting midges (Culicoides), which in turn may have an impact on the risk of disease transmission. Increased market demand is a result of increased awareness of these environmental factors

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African Horse Sickness Vaccines Market Restraints

Several factors can act as restraints or challenges for the African Horse Sickness Vaccines Market. These may include

  • Restricted Geographic Scope and Market Size Sub-Saharan Africa and some portions of the Middle East are the main regions affected by African horse disease. Compared to vaccines for more widely spread equine diseases worldwide, the market size for AHS vaccines is constrained by the disease’s restricted geographic distribution.
  • High Cost of Vaccine Development and Production Because of the costs associated with research and development, manufacturing complexity, and regulatory constraints, developing and producing vaccines can be expensive, particularly for specialist markets like AHS. The comparatively limited market size would not always warrant the necessary expenditure, driving up the price of vaccines.
  • Regulatory Difficulties and the Approval Process Veterinary vaccines must pass rigorous and protracted regulatory approval procedures that call for extensive safety and efficacy evidence. Regulatory approval for AHS vaccines may be difficult to get in many nations or areas, which would restrict market expansion.
  • Limited Knowledge and Education There may not be as much demand for AHS vaccines in areas where the disease is not endemic or where there is little knowledge of it. Market expansion may be hampered by veterinary professionals, industry stakeholders, and horse owners being unaware about the dangers of AHS and the value of immunization.
  • Vaccine Safety and Efficacy Issues For AHS vaccinations to be adopted and accepted by the market, their safety and efficacy must be guaranteed. The adoption and market penetration of vaccines can be impacted by any uncertainties or worries about the vaccine’s effectiveness, possible side effects, or compatibility with regional strains of the AHS virus.
  • Cold chain requirements and logistical challenges distributing and storing vaccines can be difficult, particularly in rural or resource-constrained places where AHS is common. It is crucial to maintain the cold chain during shipping and storage to maintain the potency of vaccines, however this can be challenging in some circumstances, which can impact vaccination efficacy and availability.
  • Competition from Alternative Disease Control Measures As tactics for disease prevention, vaccination may face competition from other disease control measures like vector control, mobility restrictions, or quarantine protocols in areas where AHS is prevalent. The demand for AHS vaccinations may vary depending on alternative strategies’ efficacy and availability.
  • Economic and Political Instability Veterinary healthcare systems, vaccine distribution networks, and agricultural activities can be disrupted by economic instability, political unrest, and conflicts in areas where AHS is endemic. These elements may have an impact on horse owners’ capacity to pay for vaccinations or obtain veterinary care, which could have an effect on market demand.

African Horse Sickness Vaccines Market Segmentation Analysis

African Horse Sickness Vaccines Market is segmented based on Product Type, Vaccine Type, Application And Geography.

Horse Sickness Vaccines Market, By Product Type

  • Live VaccinesImmunization products containing weakened or attenuated forms of the African horse sickness virus, administered to equine animals for enhanced immunity.
  • Killed VaccinesImmunization formulations containing inactivated forms of the African horse sickness virus, utilized for bolstering immunity against the disease in equine populations.

Horse Sickness Vaccines Market, By Application

  • HorsesApplication of African horse sickness vaccines specifically tailored for horses, aimed at safeguarding this vital segment of the equine population from the deadly virus.
  • Mules Utilization of African horse sickness vaccines for mules, ensuring protection against the disease in these hybrid equine animals, which are valued for their strength and endurance.
  • Donkeys Administration of African horse sickness vaccines to donkeys, serving to shield these important working animals from the debilitating effects of the virus, thereby preserving their health and productivity.

Horse Sickness Vaccines Market, By Vaccine Type

  • Live Attenuated VaccinesLive attenuated vaccines contain weakened forms of the virus or bacterium that causes the disease, stimulating a strong immune response without causing illness.
  • Inactivated VaccinesInactivated vaccines consist of killed pathogens that cannot cause disease but still trigger an immune response, offering protection against the targeted disease.
  • Recombinant VaccinesRecombinant vaccines are produced by inserting genetic material from the pathogen into a harmless carrier virus or bacterium, stimulating an immune response against the target pathogen.

Horse Sickness Vaccines Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • Europe Analysis of the African Horse Sickness Vaccines Market in European countries.
  • Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa Examining market dynamics in the Middle East and African regions.
  • Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the African Horse Sickness Vaccines Market are

  • Boehringer Ingelheim
  • Zoetis
  • Merial
  • Onderstepoort Biological Products (OBP)
  • Veterinary Serum & Vaccine Research Institute (VSVRI)

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

UNIT

Value (USD Million)

Key Companies Profiled

Onderstepoort Biological Products SOC Ltd., Biopharma, and Veterinary Serum and Vaccine Research Institute.

Segments Covered

By Product Type and By Application , and By Geography.

Customization Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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