Veterinary Vaccines Market Growth, Analysis, Key Players, and Forecast to 2025Posted by rekha on September 27th, 2019 Precision Business Insights (PBI) in its report titled “Global Veterinary Vaccines Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global veterinary vaccines market was valued at US$ 3,354.2 Mn in 2018 and growing at a CAGR of 6.23% over the forecast period owing to increasing prevalence and incidence of livestock and zoonotic diseases coupled with rising expenditure on companion animals are expected to support the growth of the market. Moreover, increasing awareness in emerging countries regarding the animal health, advancements in technology and launch of new products (vaccines) in the veterinary market fuels the growth of the market. Additionally, government initiatives on animal health drives the market over the forecast years. However, high storage costs of vaccines and shortage of skilled veterinarians and skilled farm workers are anticipated to restrain the growth of the market over the forecast years. Global veterinary vaccines market segmented on the basis of product, disease, species, and distribution channel For request sample: https://www.precisionbusinessinsights.com/request-sample?product_id=16646 Attenuated Live Vaccines segment accounted for higher revenue share Based on product type, global veterinary vaccines market segmented into attenuated live vaccines, inactivated vaccines, subunit vaccines, toxoid vaccines, DNA vaccines, and recombinant vaccines. Attenuated live vaccines segment market accounted US$ XX Mn in 2018 and projected to dominate over the forecast period due to easy administration and long-term immunity offered by live attenuated vaccines are factors driving the adoption of this technology. North America is expected to grow at Highest CAGR in Global Veterinary Vaccines Market PBI’s global veterinary vaccines market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America accounted for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to increasing pet adoption, launch of new products in the region and advancements in technology for the development of vaccines drives the growth of the market. Asia Pacific is expected to show highest growth over the forecast years owing to strategic decisions by the market players to expand their products in to the region due to increasing awareness among the people about the animal health and increasing investments in vaccines manufacturing facilities in the region fuels the growth of the market. Strategic collaborations and acquisitions in Veterinary Vaccines Market Global veterinary vaccines market further reveals that strategic collaborations and acquisitions for the development and innovation of new vaccine launches in the market to enhance market revenue share and gaining significant geographic presence across the region. For instance, in December 2017, Merck Animal Health acquired the Uruguay-based Prondil S.A. This acquisition helped Merck Animal Health develop more advanced vaccines for livestock animal in order to serve its customers. Key player’s profiles in the report are Merial, Zoetis, Elanco, Merck & Co. Inc, Borhinger Ingelheim, Bayer Pharms Ag, Ceva, and Verbs. Detailed Segmentation
By Product Type o Attenuated Live Vaccines o Inactivated Vaccines o Subunit Vaccines o Toxoid Vaccines o DNA Vaccines o Recombinant Vaccines By Disease o Anaplasmosis o Canine Parvovirus o Foot & Mouth Disease o Newcastle Disease o Distemper Disease o Influenza Disease o Porcine Reproductive & Respiratory Syndrome (PRRS) Disease o Others By Species o Companion Animals o Canine o Avian o Feline o Livestock Animals o Aquatic o Bovine o Porcine o Ovine o Poultry o Others By Distribution Channel o Veterinary Hospitals & Clinics o Veterinary Research Institutes o Retail Pharmacies
Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
For more information: https://www.precisionbusinessinsights.com/market-reports/global-veterinary-vaccines-market/ Like it? Share it! More by this author |