For the agribusiness industry and the food production value chain, safe and affordable food from healthy animals is an increasing priority as the global population grows. Vaccines developed by animal health companies prevent diseases in farm animals, as well as pets in the companion care market. For the farming sector, there is an overall shift towards vaccination rather than reacting to disease with antibiotics, driving increased investment in the vaccine sector.Key facts about the animal vaccines market:
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Key themes affecting the animal vaccines market
Veterinary vaccines are being increasingly adopted as limits are being placed on the use of antibiotics globally. This has driven animal health businesses to invest a lot of money in acquiring vaccine specialists over recent years, to support their development of new vaccines for sale to the international market.
Alongside the development of vaccines themselves, the sector is also seeing advancements in injection technology and oral ingestion techniques.
While there are hundreds of categories of vaccines for farm animals, recently the spotlight has been on African Swine Fever, a disease that kills hogs and pigs and has led to 50% of the Chinese hog population being culled and the outbreak has spread to over 20 countries. The race is on among animal health companies to create a vaccine that could stop this devastating disease from spreading further internationally and prevent outbreaks in the future.
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