Report ID: UCMIG35I2107
Report ID:
UCMIG35I2107 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The worldwide market size for poultry vaccines was USD 1.86 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030. This market is being driven by several factors, including an increase in product research and development, a rise in the incidence of diseases in poultry, a need to secure food supplies, and initiatives aimed at combating antimicrobial resistance. In 2019, HIPRA expanded its lineup of coccidiosis vaccines with the introduction of EVANT, a weakened vaccine designed for broilers.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35I2107