What is Global Veterinary Biological Product Market?
The Global Veterinary Biological Product Market encompasses a wide range of products designed to improve animal health and prevent diseases. These products include vaccines, antibodies, and diagnostic tools that are essential for maintaining the health of livestock and pets. The market is driven by the increasing demand for animal-derived food products, the rising pet ownership rates, and the growing awareness about animal health. Veterinary biological products are crucial for preventing and controlling infectious diseases in animals, which can have significant economic impacts on the livestock industry. Additionally, these products play a vital role in ensuring the safety of the food supply chain by preventing the spread of zoonotic diseases. The market is characterized by continuous advancements in biotechnology, leading to the development of more effective and safer products. Overall, the Global Veterinary Biological Product Market is a critical component of the broader animal health industry, contributing to the well-being of animals and the safety of animal-derived food products.
Prophylactic Biological Products, Therapeutic Biological Products, Diagnostic Biological Products in the Global Veterinary Biological Product Market:
Prophylactic Biological Products are designed to prevent diseases before they occur. These include vaccines that stimulate the immune system to protect animals from specific pathogens. Vaccines are essential in the livestock industry to prevent outbreaks of diseases that can decimate animal populations and cause significant economic losses. For example, vaccines for foot-and-mouth disease, avian influenza, and rabies are widely used to protect livestock and pets. Therapeutic Biological Products, on the other hand, are used to treat diseases after they have occurred. These products include antibodies, antitoxins, and other biologics that help animals recover from infections and other health conditions. Therapeutic biologics are crucial for managing chronic diseases and infections that cannot be prevented through vaccination alone. Diagnostic Biological Products are used to detect the presence of diseases in animals. These products include diagnostic kits and tools that help veterinarians identify pathogens and determine the appropriate course of treatment. Diagnostic products are essential for early detection and management of diseases, which can prevent the spread of infections and reduce the need for therapeutic interventions. In the Global Veterinary Biological Product Market, these three categories of products work together to ensure the health and well-being of animals. Prophylactic products prevent diseases, therapeutic products treat diseases, and diagnostic products help identify diseases early, enabling timely and effective interventions. The market for these products is driven by the increasing demand for animal health solutions, advancements in biotechnology, and the growing awareness about the importance of animal health. Overall, the Global Veterinary Biological Product Market plays a vital role in maintaining the health of livestock and pets, ensuring the safety of the food supply chain, and supporting the economic stability of the livestock industry.
Livestock Industry, Pet Industry in the Global Veterinary Biological Product Market:
The usage of Global Veterinary Biological Product Market in the Livestock Industry is extensive and multifaceted. Livestock, including cattle, poultry, swine, and sheep, are susceptible to a wide range of infectious diseases that can have devastating effects on animal populations and the economy. Veterinary biological products, such as vaccines and diagnostic tools, are essential for preventing and controlling these diseases. For instance, vaccines for diseases like foot-and-mouth disease, avian influenza, and swine fever are critical for maintaining the health of livestock and preventing outbreaks that can lead to significant economic losses. Diagnostic tools help in the early detection of diseases, enabling timely interventions and reducing the spread of infections. In the Pet Industry, the usage of veterinary biological products is equally important. Pets, including dogs, cats, and other companion animals, are susceptible to various infectious diseases that can affect their health and well-being. Vaccines for diseases like rabies, distemper, and parvovirus are essential for protecting pets from these infections. Additionally, diagnostic tools help veterinarians identify health issues early, allowing for prompt treatment and better health outcomes for pets. The growing trend of pet ownership and the increasing awareness about pet health are driving the demand for veterinary biological products in the pet industry. Overall, the Global Veterinary Biological Product Market plays a crucial role in both the livestock and pet industries by providing essential tools for disease prevention, diagnosis, and treatment. These products help ensure the health and well-being of animals, support the economic stability of the livestock industry, and enhance the quality of life for pets and their owners.
Global Veterinary Biological Product Market Outlook:
The global Veterinary Biological Product market was valued at US$ 18,020 million in 2023 and is projected to reach US$ 23,710 million by 2030, reflecting a compound annual growth rate (CAGR) of 3.9% during the forecast period from 2024 to 2030. This growth is driven by several factors, including the increasing demand for animal-derived food products, the rising rates of pet ownership, and the growing awareness about animal health. The market is also benefiting from continuous advancements in biotechnology, which are leading to the development of more effective and safer veterinary biological products. These products are essential for preventing and controlling infectious diseases in animals, ensuring the safety of the food supply chain, and supporting the economic stability of the livestock industry. The projected growth of the market indicates a strong and sustained demand for veterinary biological products, highlighting their critical role in the broader animal health industry.
| Report Metric | Details |
| Report Name | Veterinary Biological Product Market |
| Accounted market size in 2023 | US$ 18020 million |
| Forecasted market size in 2030 | US$ 23710 million |
| CAGR | 3.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Yibang Biotechnology, China Animal Husbandry Co., Ltd., Biological shares, Zhongnong Weite, Tiankang Biotechnology, Keqian Biotechnology Company, Pulike Corporation, Ringpu Biotech, Weike Biotech, Haid Group, Zoetis, Fort Dodge, Merial, BI, Pfizer, IDEXX, CE-VA, Schering-Plough, Bayer, Elanco |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
