Swine Reproductive and Respiratory Syndrome Vaccine Market Size, Trends, Forecasts to 2025

The report forecasts the global Swine Reproductive and Respiratory Syndrome Vaccine market to grow at a CAGR of 9.8% during the period 2020-2025. This report also provides the Swine Reproductive and Respiratory Syndrome Vaccine market size by players, regions, product types and forecast to 2025.

As per estimates from the reliable sources, the global swine reproductive and respiratory syndrome vaccine market is slated to amass US $518.1 million by the year 2025. Surging occurrence of porcine reproductive & respiratory syndrome (PRRS) in farm pigs, along with heavy financial losses associated with the spread of this disease are encouraging the swine farming giants to adopt PRRS vaccines, which in turn is propelling the market growth.

PRRS is known to cause reproductive disorders like infertility, late term abortion, and still born piglet in sow, while in pig of all ages, the syndrome leads to labored breathing, pneumonia, and fever. Given these implications, reproductive efficiency of the herd decreases, and it becomes unavoidable for farmers to replace infected swine. The rising demand for improved health and productivity of the herd is prompting the growth of swine reproductive and respiratory syndrome vaccine market.

Improving per capita income coupled with rising consumption of porcine meat and booming pig farming industry will fuel the industry outlook in the approaching years. However, it is universally accepted that complete elimination of PRRS in infeasible as this virus has genetic diversity and can modulate immune response. This factor in tandem with high cost of commercial vaccines will impede the growth of PRRS vaccine market.

Considering the type, swine reproductive and respiratory syndrome vaccine industry is bifurcated into active vaccines and inactivated vaccine. The inactivated vaccine segment is presumed to gain modest traction in the upcoming years, as these vaccines are licensed across the globe and are relatively safer as compared to active vaccine.

Speaking of the application terrain, the market is segmented into market sales and government tender. Swine reproductive and respiratory syndrome vaccine market from government tender segment is anticipated to grow momentously over the forecast period. The segmental growth can be attributed to the initiatives taken by governments across many nations to control the spread of PRRS. The governments are increasing awareness among the farmers and providing free vaccinations.

In terms of the regional landscape, swine reproductive and respiratory syndrome vaccine industry draws revenues from five leading geographies including Asia Pacific, North America, Europe, South America, and Middle East & Africa. However, Asia Pacific Market is predicted to expand substantially during 2020-2025, with key contribution from China. The aforementioned Asian nation is one of the largest producers and consumer of pork. Surging pork industry is encouraging the pig farmers to improve their production efficiency and ensure animal health & safety. This factor, along with government initiatives like National Compulsory Immunization Plan, and distribution of free vaccines are stimulating the adoption of swine reproductive and respiratory vaccines across China, which in turn is generating revenue for the Asia Pacific market.

Bioveta, Zoetis, Pulike Biological Engineering, Inc., Agrovet, Jinyu Bio-Technology Co., Ltd., Anhui Tiankang (Group) Shares Co., Ltd., Komipharm, Winsun Bio, Phibro Animal Health, DaHuaNong, Ceva, Chengdu Tech-Bank Biological Products Co., Ltd., CAVAC, MSD Animal Health, Ringpu, Boehringer Ingelheim, SPAH, Qilu Animal Health Products Co., Ltd., and Ascent Corporation are some of the key contenders of swine reproductive and respiratory syndrome vaccine industry.

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