SWINE RESPIRATORY DISEASE TREATMENT MARKET ANALYSIS

Swine Respiratory Disease Treatment MarketSize and Trends

China, U.S., and E.U to drive growth of the swine respiratory disease treatment market due to high pork production

According to the factsheet by United Nations Food and Agriculture Organization (UN-FAO) worldwide there is close to one billion headcount of swine. China has highest number of headcount, followed by the U.S. and EU. These regions are expected to drive growth of the respiratory disease treatment market, owing to high pork production. As per the United States Department of Agriculture (USDA), around 108.2 million metric tons of pork was produced in 2016, which requires supply of healthy swine. Early vaccination is essential for healthy swine as respiratory disease in swine leads to lung damage, poor growth of swine, medication cost, and in turn results into lower economic efficiency for swine farmer. Therefore many of these regions opt for vaccination to prevent the respiratory disease in swine, which in turn is expected to propel growth for the swine respiratory disease treatment market.

Market Trends

According to the study published in Virology Journal in 2017, emergence of porcine cyclovirus type 3 in pigs in regions such as China, U.S. and some part of Europe is fueling growth of the swine respiratory disease treatment market. According to Scientific Reports published in 2013, porcine reproductive and respiratory syndrome is economically most important disease of swine in North America, Europe, and Asia. North America spends around US$ 600 million annually for treatment of this disease.