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Global Avian Influenza Vaccines Market Size By Type (Combination Vaccines, Inactivated Vaccines), By Strain-Type (H5 strain, H7 strain), By Application (Goose, Duck, Chicken), By Geographic Scope And Forecast


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

Publisher : MIR | Format : PDF&Excel

Global Avian Influenza Vaccines Market Size By Type (Combination Vaccines, Inactivated Vaccines), By Strain-Type (H5 strain, H7 strain), By Application (Goose, Duck, Chicken), By Geographic Scope And Forecast

Avian Influenza Vaccines Market Size And Forecast

Avian Influenza Vaccines Market size was valued at USD 140.14 Million in 2024 and is projected to reach USD 198.54 Million by 2031, growing at a CAGR of 4.45% during the forecasted period 2024 to 2031.

Growing disease prevalence, rising demand for poultry for consumption, an increase in the number of outbreaks, and ongoing research for the development of efficient vaccinations for disease prevention are some of the important drivers driving market expansion. The Global Avian Influenza 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.

Global Avian Influenza Vaccines Market Drivers

The market drivers for the Avian Influenza Vaccines Market can be influenced by various factors. These may include

  • Growing Incidence of Avian Influenza Outbreaks One major factor driving the market is the increase in avian influenza outbreaks among poultry and birds around the world. The need for efficient vaccines is increasing as these epidemics endanger human and animal populations.
  • Government Initiatives and Regulations To stop the spread of avian influenza, governments and international organisations are putting in place stringent laws and immunisation campaigns. These programmes foster an atmosphere that benefits vaccine producers and propels market expansion.
  • Expanding Poultry business The need for avian influenza vaccinations is influenced by the growing poultry business, especially in emerging economies. Farmers are investing more in vaccination to protect their animals as a result of greater populations of chickens being at risk, which is supporting market growth.
  • Developments in Vaccine Technology The safety and efficacy of avian influenza vaccinations are improved by continuous developments in vaccine technology, which include the creation of more effective and efficient vaccine formulations, delivery methods, and adjuvants. Through their ability to draw in both producers and consumers, these technical advancements promote market expansion.
  • Awareness and Education A key factor in the expansion of the market is raising consumer, veterinarian, and poultry farmer knowledge of the value of vaccination in averting avian influenza epidemics. Higher vaccination uptake rates are a result of education efforts and information-dissemination programmes.
  • Globalisation and Trade As poultry products are traded internationally, there is a greater chance that avian influenza will spread between countries. Global demand for avian influenza vaccines has increased as a result of numerous nations requiring vaccination programmes for chicken imports and exports in order to reduce risk and guarantee trade safety.

Global Avian Influenza Vaccines Market Restraints

Several factors can act as restraints or challenges for the Avian Influenza Vaccines Market. These may include

  • High Expenses of Vaccine Development and Production The market’s ability to expand is hampered by the high expenses incurred in the study, creation, and manufacturing of avian influenza vaccinations. These costs may make vaccines more expensive for both manufacturers and recipients, especially in underdeveloped areas.
  • Limited Accessibility in Rural locations The distribution and administration of avian influenza vaccines are hampered by accessibility concerns, particularly in rural or distant locations with poor healthcare facilities. This restriction lowers vaccination uptake and adds to the ongoing outbreaks in these areas.
  • Vaccine Safety and Efficacy Concerns Despite improvements in vaccine technology, questions remain regarding the safety and efficacy of avian influenza vaccinations. The efficacy of vaccines, variations in virus strains, and possible side effects can all threaten public trust in immunisation campaigns and impede market expansion.
  • Regulatory Obstacles and Approval Procedures Extensive regulatory specifications and drawn-out approval procedures for avian influenza vaccinations can cause delays in the release of new products and raise development expenses for producers. These legal obstacles prevent new competitors from entering the market, which reduces innovation and competition.
  • Global Economic Uncertainty The demand for avian influenza vaccines can be impacted by changes in government healthcare budgets, consumer buying habits, and economic instability and volatility in international markets. Economic downturns may result in budget cuts to the agriculture and healthcare sectors, which would hinder the potential for market expansion.
  • Risk of Antigenic Drift and Vaccine Resistance Vaccine efficacy is threatened by the ongoing development of avian influenza viruses due to antigenic drift. The advent of strains resistant to current vaccinations may make them less effective, requiring the time-consuming and expensive development of new formulations and approaches.

Global Avian Influenza Vaccines Market Segmentation Analysis

The Global Avian Influenza Vaccines Market is segmented on the basis of Type, Strain Type, Application, And Geography.

Avian Influenza Vaccines Market, By Type

  • Combination Vaccines
  • Inactivated Vaccines
  • Live Recombinant Vaccines

Based on Type, The market is classified into Combination vaccines, Inactivated vaccines, and Live recombinant vaccines.

Avian Influenza Vaccines Market, By Strain-Type

  • H5 Strain
  • H7 Strain
  • H9 Strain

Based on Strain-Type, The market is classified into is segmented by H5 strain, H7 strain, and H9 strain.

Avian Influenza Vaccines Market, By Application

  • Goose
  • Duck
  • Chicken
  • Others

Based on Application, The market is classified into is segmented by Goose, Duck, Chicken, and Others.

Avian Influenza Vaccines Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

On the basis of Geography, The market is classified into North America, Europe, Asia Pacific, and Rest of the world. APAC can keep ahead of the global Avian Influenza Vaccines Market growth curve. Increased avian influenza epidemics are to blame for the market’s growth in the APAC region. Following the quick implementation of appropriate management strategies for avian influenza vaccine development, many government actions have been implemented to meet the emergent scenario. During the review period, the Avian Influenza Vaccines Market in Europe is expected to have the second-largest proportion of the global market. The surge in joint initiatives by regional governments and commercial entities to promote animal health could help to the market’s growth.

Key Players

The major players in the Avian Influenza Vaccines Market are

  • Merck & Co., Inc.
  • Boehringer Ingelheim GmbH
  • Zoetis Inc.
  • Ceva Santé Animale S.A.
  • Huvepharma, Inc.
  • Vencomatic Group B.V.
  • Aviva plc
  • Charles River Laboratories International, Inc.
  • Wuhan Biolake Biotechnology Co., Ltd.
  • Laboratorios HIPRA, S.A.QianYuanHao Biological Corporation Limite
  • Merial
  • Ringpu Bio-Technology Co. Ltd
  • Harbin Veterinary Research Institute (HVRI)
  • CEVA, Elanco, Zoetis, Inc.
  • FATRO S.p.A., Merck Animal Health (a subsidiary of Merck & Co. Inc.)
  • BoehringerIngelheim GmbH.

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

QianYuanHao Biological Corporation Limited, Merial, Ringpu Bio-Technology Co., Ltd, Harbin Veterinary Research Institute (HVRI), CEVA, Elanco, Zoetis, Inc., FATRO S.p.A.

SEGMENTS COVERED

By Type , By Strain Type, By Application, And By Geography

CUSTOMIZATION SCOPE

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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 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 an 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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