Duck Medicine and Vaccines Market Overview:
Duck Medicine and Vaccines Market size was valued at USD 1,750 million in 2022 and is projected to reach around USD 3,200 million in 2033 exhibiting a CAGR of 7.5% in the forecasted period.
Market expansion is anticipated as a result of growing demand in the poultry sector, an increase in duck illnesses, and significant R&D expenditures. However, there are a few things that could prevent the market from growing during the projected time, like high treatment costs and restricted access to vaccines in poorer nations.
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Growth Factors:
The poultry sector, which is one of the fastest-growing in the world, depends heavily on duck farming. Because duck infections can have a negative financial impact on small and landless farmers, they are a serious cause for concern. Due to their consistent supply of meat and eggs, ducks are vital to rural livelihoods. Keeping the ducks healthy is one of the most crucial steps you can do to stop breakouts. It has been observed that viruses have a more detrimental effect on duck productivity than other diseases. Because of inadequate agricultural cleanliness, Escherichia coli is the most common illness among ducks.
Throughout the projected time, it is expected that the rising incidence of bacterial and viral infectious illnesses in ducks will propel market expansion. For example, underreporting of duck diseases occurred between 2000 and 2007, according to a September 2021 Science Direct article; however, reports on disease prevalence revealed a progressive increase from 2008 to 2015.
Key Market Players:
- Bushranger Ingelheim International Gmbh
- Cava
- YEBIO BIOENGINEERING CO., LTD.
- NAVETCO
- Shangri Melian Biological Engineering Co., Ltd.
- Merck & Co., Inc.
- EGAVET
- Bovet, a’s.
- Jilin Zhengyi Biological Products company limited
- Harbin Pharmaceutical Group Bio-vaccine Co. Ltd.
- Other players
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The coronavirus pandemic has had a detrimental effect on the development, manufacturing, and distribution of pharmaceuticals as well as the expansion of the pharmaceutical divisions of numerous international corporations. The lockdown has resulted in the shutdown of industrial facilities, with the exception of those that manufacture necessities, and it has disrupted the pharmaceutical supply chain. As a result, there are three primary ways that the COVID-19 epidemic has impacted the economy: directly influencing supply and demand; causing disruptions to distribution networks; and having an effect on businesses and financial markets.
Market Regional Analysis:
In terms of demand and market share, the North American market led the worldwide market for duck medications and vaccinations. This increase can be attributed to the region's awareness of poultry animals as well as the presence of numerous significant industry participants. Furthermore, the market for duck vaccines and treatments in this area will expand as a result of the growing duck farming.
However, due to the expansion of duck farms and growing awareness of poultry vaccinations and medications in this region, Asia-Pacific is expected to increase throughout the projected period.
Market Segmentations:
By Type
- Medicine
- Vaccines
By Application
- Farms
- Applications
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