South Korea Veterinary Biologicals Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030.
The South Korea Veterinary Biologicals Market is expanding rapidly, driven by increasing demand for animal health products. The market includes a wide range of biologically-based products, including vaccines, antibodies, and diagnostics for animals. As South Korea’s agricultural sector grows and pet ownership increases, the need for innovative solutions to prevent and treat diseases in animals has surged. The demand is primarily spurred by rising awareness about animal health and welfare, and this has led to an upswing in the usage of veterinary biologicals.
One of the major applications of veterinary biologicals in South Korea is in the poultry and livestock sectors. Vaccines and other biologics play a critical role in preventing outbreaks of diseases such as avian influenza and foot-and-mouth disease, which can have disastrous economic consequences for the farming industry. With high-density farming operations and a growing global demand for South Korean meat exports, the emphasis on disease prevention has never been more critical.
Another important driver is the rise of companion animal care. As pet ownership increases, particularly in urban areas, owners are becoming more conscientious about their pets’ health. This is leading to higher demand for vaccines and other biological treatments to protect pets from diseases such as rabies, parvovirus, and distemper. As a result, the veterinary biologicals market is adapting to meet these evolving consumer needs by offering more specialized products for companion animals.
The veterinary biologicals industry is also seeing technological advancements that enhance the efficacy of products. This includes the development of more precise diagnostic tools, which can help identify diseases more effectively, and improvements in vaccine formulations that boost immunity and reduce side effects. These innovations are critical for meeting the diverse requirements of industries that depend on animal health.
The South Korea Veterinary Biologicals Market is poised for further growth, fueled by continued advancements in biotechnology and a deeper focus on animal health. Industry players are investing in research and development to offer solutions that cater to both large-scale farming and pet owners, ensuring the market’s dynamic evolution.
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Boehringer Ingelheim
Zoetis
Virbac
Inc.
Heska Corporation
Kyoto Biken
FATRO
Elanco
Merck Animal Health
China Animal Husbandry Industry Co.
Ltd.
Tianjin Ringpu Bio-technology Co.
Ltd.
Pulike Biological Engineering
Inc.
Jinyu Bio-Technology Co.
Ltd.
Tecon Biology Co.
Ltd.
Shanghai Hile Bio-Technology Co.
Ltd.
Jinhe Biotechnology Co.
Ltd.
Shandong Lukang Pharmaceutical Co.
Ltd.
Wuhan Keqian Biology Co.
Ltd.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Veterinary Biologicals Market
Vaccines
Antisera
Other Biological Products
Companion Animals
Livestock
Other Animals
Infectious Diseases
Non-infectious Diseases
Preventive Care
Injectable
Oral
Topical
Veterinary Hospitals
Veterinary Clinics
Animal Farms
Research Laboratories
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Veterinary Biologicals Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Veterinary Biologicals Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Veterinary Biologicals Market, By Type
6. South Korea Veterinary Biologicals Market, By Application
7. South Korea Veterinary Biologicals Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Veterinary Biologicals Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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