Global Avian Influenza Vaccine industry 2021 Expeditious Growth, Opportunities and forecast to 2027
Avian Influenza Vaccine industry 2021
Global Avian Influenza Vaccine industry is expected to register a CAGR of 7.25% during the forecast period, with a market value of USD 735.22 Million till 2025. Avian influenza or bird flu is an infection caused in birds due to the influenza type A virus. These viruses naturally occur among wild aquatic birds and can easily infect domestic poultry, other birds, and animal species.
Segment Analysis
The Global Avian Influenza Vaccine industry has been segmented by strain and application. The market, based on strain, has been bifurcated into H5, H7, and H9. Based on the application, the Avian Influenza Vaccine industry has been segregated into chicken, turkey, duck, and goose.
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Major Key Players:
MRFR recognizes the following companies as the Key Players in the Global Avian Influenza Vaccine industry— Boehringer Ingelheim International GmbH (Germany), Guangdong Wenshi Dahuanong Biotechnology Co., Ltd (China), Ceva (US), Yebio Bioengineering Co., Ltd (China), Zoetis (US), FATRO S.P.A. (Italy), CAVAC (South Korea), Tianjin Ringpu Bio-Technology Co., Ltd (China), PT Japfa Comfeed Indonesia Tbk (Indonesia), Chengdu Tech-bank Biological Products Co., Ltd (China), Merck Animal Health (US), Medion (Indonesia), Avimex Animal Health (Mexico), JOVAC (Jordan), and QYH BIOTECH COMPANY LIMITED (China).
Segment Analysis
The Global Avian Influenza Vaccine industry has been segmented by strain and application. The market, based on strain, has been bifurcated into H5, H7, and H9. Based on the application, the Avian Influenza Vaccine industry has been segregated into chicken, turkey, duck, and goose.
Regional Analysis
The Global Avian Influenza Vaccine industry, based on region, has been divided into the APAC & Middle East, Europe, Americas, and Africa.
The APAC & Middle East is likely to dominate the global Avian Influenza Vaccine industry. This can be attributed to the rise in avian influenza outbreaks and various government initiatives for the rapid and effective management of avian influenza in the region. According to a research study published in BioMedCentral in 2018, China, Vietnam, India, Taiwan, Israel, Japan, and South Korea have reported some of the largest outbreaks during the period of 2010–2016. Of these, the highest outbreaks were located in China (13.6%) in 2016. Moreover, high R&D expenditure invested by numerous key market players in the Asia-Pacific region is also expected to drive market growth.
The European market for the avian influenza vaccine is expected to be the second-largest during the review period. The collaborative initiatives of the government and private entities to promote improved animal health are expected to boost the growth of the regional market. For instance, the EU is working closely together with the World Health Organization, the Food and Agriculture Organization and the World Organization for Animal Health (OIE), in response to the global threat of avian flu. Additionally, the increasing production of veterinary products is also fueling market growth.
The Americas are estimated to be the fastest-growing market owing to the huge amount of animal welfare and veterinary/animal vaccine research-related activities in the region. For instance, the USGS Alaska Science Center has been a part of the State and Federal interagency team for the detection and response to highly pathogenic (HPAI) viruses in North America. Moreover, growing government support for creating awareness on avian influenza viruses and improving efficiency for the avian influenza vaccine is also positively affecting the market growth.
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