Swine Healthcare Market Outlook
According to the report by Expert Market Research (EMR), the global swine healthcare market Share is projected to grow at a CAGR of 7.90% between 2023 and 2028. Aided by the surging demand for high-quality pork products and the widening scope of swine healthcare practices in pig farming, the market is expected to grow significantly by 2028.
Swine healthcare refers to a spectrum of interventions, services, and products aimed at ensuring the optimal health, growth, and productivity of pigs. This includes the administration of vaccines, provision of nutritional supplements, implementation of disease management practices, and use of pharmaceuticals. Swine healthcare solutions play an essential role in maintaining the health, vitality, and productivity of pigs.
The driving factor behind the global swine healthcare market growth is the escalating consumer demand for high-quality pork products. With an increasing understanding of the correlation between animal health and food quality, there has been a noticeable shift towards ensuring the well-being of pigs, triggering an upsurge in demand for swine healthcare solutions. Furthermore, the rising health-consciousness among consumers has propelled this growth, as consumers increasingly opt for high-quality, healthful food sources.
The applications of swine healthcare solutions in pig farming are diverse and growing, thereby boosting the swine healthcare market expansion. In pig farming, these solutions are employed for disease prevention and control, enhancing pigs’ resistance to illnesses, and promoting their growth and reproduction, thereby improving overall productivity. In the face of global pandemics like African Swine Fever, these solutions are becoming increasingly essential, fostering the market growth. Also, the anticipated increase in the incorporation of diagnostic imaging in veterinary hospitals is likely to generate demand for accessories and diagnostic equipment in the coming years, supporting the overall swine healthcare market development.
Moreover, the rising demand for sustainable and humane farming practices in the livestock industry has led to an amplified focus on swine healthcare as an integral component of these practices. The growth of ethical consumerism, with consumers increasingly choosing products derived from animals raised in humane, healthful conditions, has made swine healthcare crucial to the success and viability of pig farming operations, thereby supporting the swine healthcare market growth.
Swine Healthcare Market Segmentation
The market can be divided based on product, diseases, route of administration, distribution channel, and region.
Market Breakup by Product
- Diagnostic Tests
- Enzyme Linked Immuno-Sorbent Assay (ELISA)
- Rapid Immuno Migration (RIM)
- Agar Gel Immuno-Diffusion (AGID)
- Polymerase Chain Reaction (PCR)
- Diagnostic Imaging
- Others
- Therapeutics
- Vaccines
- Parasiticides
- Anti-Infectives
- Feed Additives
- Others
Market Breakup by Diseases
- Exudative Dermatitis
- Coccidiosis
- Respiratory Diseases
- Swine Dysentery
- Porcine Parvovirus
- Others
Market Breakup by Route of Administration
- Injectable
- Oral
Market Breakup by Distribution Channel
- Veterinary Hospitals
- Retail Pharmacy
- Online
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Swine Healthcare Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global swine healthcare companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Boehringer Ingelheim International GmbH
- Phibro Animal Health Corporation
- Merck & Co., Inc.,
- Ceva Animal Health, LLC
- IDEXX Laboratories, Inc
- Virbac Corporation
- Others
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