USD 140.0 Billion
Report ID:
SQMIG35A2886 |
Region:
Global |
Published Date: May, 2024
Pages:
215
|Tables:
63
|Figures:
70
Global Avian Influenza Vaccine Market size was valued at USD 140.0 Billion in 2022 and is poised to grow from USD 145.88 Billion in 2023 to USD 202.74 Billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).
Avian influenza is caused by avian influenza virus type A, which is found in waterfowl and subsequently causes disease in domestic poultry. The virus was first detected in China. The Asian H5N1 version was discovered the following year in an outbreak in Hong Kong and has since spread to Europe, Asia, North and South America, Africa and the Middle East Avian influenza can be classified as a pandemic greater virus and less virulent based on its molecular structure. Depending on the virus, the viruses are classified into H5N1, H7N3, H7N7, H7N9, and H9N2. In addition, type A virus of subtype H5N1 is currently considered to be the most pathogenic avian influenza virus under investigation. Bird flu is known to be transmitted to humans through nose and mouth breathing. Classification of avian influenza vaccines includes H5 avian influenza vaccine, H7 avian influenza vaccine, and H9 avian influenza vaccine. Among manufacturers, China stands out as the largest supplier of avian influenza vaccine, with the US being the largest supplier.
There were 633,323 adults in the US. with cirrhosis, or about 0.27% of the population. Sixty-nine percent said they did not suspect liver disease. It was higher among non-Hispanic blacks, Mexican Americans who were poor and had less than 12th grade education. Diabetes mellitus, alcohol abuse, hepatitis C and B, male gender, older age, and cirrhosis were independently associated, with 53.5% accounting for the proportion of the population due to viral hepatitis (mostly hepatitis C), diabetes mellitus, and excessive alcohol consumption every two years in cirrhosis. There was a mortality rate of 26.4, compared with 8.4% in characteristic-matched controls.
Global Market Size
USD 140.0 Billion
Largest Segment
H5
Fastest Growth
H7
Growth Rate
4.2% CAGR
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The avian influenza vaccine market has been segmented by strain and application. The market, based on strain, has been bifurcated into H5, H7, and H9. Based on application, the avian influenza vaccine market has been chicken, turkey, and goose & duck. The Avian Influenza Vaccine Market, based on region, has been divided into the APAC & Middle East, Europe, Americas, and Africa.
Analysis by Strain
Avian influenza viruses are classified based on their hemagglutinin (H) and neuraminidase (N)-related proteins. The H5 subtype is associated with highly pathogenic avian influenza (HPAI) that can cause severe disease in poultry. The H5 subtype is generally associated with the emergence of highly pathogenic influenza strains, which can cause severe disease in poultry populations
Avian influenza vaccines targeting these specific subtypes are being developed to prevent the spread of the HPAI virus in poultry. Vaccination helps reduce the incidence of serious diseases in the poultry industry and reduces economic losses.
Vaccines targeting the H7 subtype are needed to prevent the spread of HPAIs in poultry populations. These vaccines are designed to boost the immune system and reduce the severity of the disease. The presence of the H7 subtype increases the risk of the virus becoming more virulent, this poses a threat to livestock and public health. Avian influenza vaccination for the H7 subtype plays an important role in risk prevention and active control. Timely vaccination of birds can prevent the evolution of pathogenic avian influenza (LPAI) into highly contagious forms.
Analysis by Application
Turkey is a major focus of the global avian influenza vaccine market as they are one of the most widely raised poultry species worldwide. The development and use of avian influenza vaccines for poultry is essential to protect the poultry industry and prevent economic losses due to pandemic outbreaks.
Like chickens, chicken is susceptible to bird flu virus. Vaccination is an important preventive measure to protect turkey populations. The global avian influenza vaccine market can differentiate between poultry and turkey vaccines to meet the specific needs of each animal species.
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The global avian influenza vaccine market is dominated by Asia Pacific. This can be attributed to increased poultry production and increasing outbreaks of bird flu in the region. China produced 13,900 thousand metric tons of poultry meat in 2022, according to a recent Foreign Agricultural Service/USDA report, it is estimated that the U.S. will exhibit significant market growth due to growing meat and poultry industry, increasing animal health expenditure.
Asia-Pacific is expected to register a steady revenue CAGR over the forecast period due to higher R&D activities, higher incidence of liver diseases, unmet medical needs and investments due to the region’s increasing healthcare industry.
North America is the fastest growing region in the market. They export poultry, poultry and various meat products. Increasing government support to raise awareness of the avian influenza virus and improve efficiency of the avian influenza vaccine is also having a positive impact on market growth. North America is expected to record the highest revenue share in the global market due to increasing R&D expenditure in the form of lucrative payment plans, pharmaceutical companies and R&D institutes is due to new medicines and important people in the region.
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Drivers
Rise in Rate of Diseases
Growing Incidence of Poultry Mortality
Restraints
Viral Mutational Challenges
Global Distribution Challenges
Health Approach
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The competitive environment of the Global Avian Influenza Vaccine Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. Most A(H5) viruses found in wild birds and poultry are LPAIs, however, HPAI A(H5) viruses have also been identified. Sporadic human infections with the A(H5) virus have been reported, such as HPAI A(H5N1) virus associated with poultry diseases in countries around the world for example, in March 2022, avian influenza A(H5N1). virus (H5N1 avian influenza) highly pathogenic virus) were detected in wild birds in the US in 14 states Increased government programs are expected to raise awareness among farmers about avian influenza, private funding to produce poultry rise in efficacy of flu vaccines and rise in poultry production will contribute to the growth of the market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 140.0 Billion |
Market size value in 2031 | USD 202.74 Billion |
Growth Rate | 4.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Avian Influenza Vaccine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Avian Influenza Vaccine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Avian Influenza Vaccine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Avian Influenza Vaccine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2886
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