According to the research report titled ‘Global Swine Healthcare Market Size study, by Product (Diagnostics Tests, and Therapeutics), by Disease (Exudative Dermatitis, Coccidiosis, Respiratory Diseases, Swine Dysentery, Porcine Parvovirus, and Others), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global swine healthcare market is anticipated to progress at 8.2% CAGR during 2022-2028.

Report findings suggest that widespread usage of pig health products, increasing government efforts by creating programs intended to enhance & safeguard swine health, rising swine flu cases across the world, and soaring demand for livestock goods are the major growth determinants for global swine healthcare market.

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According to a study by the U.S. Department of Agriculture from August 2019, the U.S. exports an average of 20% commercial pork to other countries across the globe. Hence, rising pork export to meet consumer demand is catalyzing the industry growth.

For the unversed, pig diseases have a direct impact on swine health. As a result of breeding, pigs get affected by diseases including congenital defects and reproductive problems. Drugs are being developed to control anomalies or misalignment.

Rising investments in R&D activities to develop novel therapeutics, and wider vaccine acceptance are expected to augment industry outlook in the coming years.

However, high cost related to swine health, particularly in emerging nations, may hamper worldwide swine healthcare market expansion during the analysis timeframe.

Based on product terrain, the market is split into therapeutics and diagnostics tests. In terms of disease, the market is divided into porcine parvovirus, swine dysentery, respiratory disease, coccidiosis, exudative dermatitis, and others.

Regionally, North America industry accounts for a major revenue share at present, owing to rising government initiatives for animal welfare, and an increase in the number of pork-consuming individuals in the region.

Whereas Asia Pacific and Latin America are slated to emerge as lucrative growth avenues for the market during the stipulated timeframe, due to rising prevalence of animal diseases in these regions.

Moving to competitive landscape, Elanco Animal Health Incorporated, Phibro Animal Health Corporation, Virbac, Ceva Animal Health Inc., IDEXX Laboratories Inc., Vetoquinol SA, Huvepharma Inc., Zoetis Inc., Boehringer Ingelheim International GmbH, and Merck & Co. Inc. are the leading players in global swine healthcare market.