Veterinary Vaccines Market Growth, Future Opportunities And Forecast

Posted by rekha on October 23rd, 2019

The global veterinary vaccines market is expected to reach US$ 8,761.2 Mn by 2025. The factors which are streaming the growth of global veterinary vaccines market are growing demand for harmless and effective meat for ingesting and escalating trade restriction on meat and animal due to infectious diseases. For example, Global Rinderpest Eradication Program objects at vaccination, trade restrictions, and investigation of rinderpest in animals. Besides, market growth is propelled by refining food security and mounting human and pet bondage adoption in current time.The progress of veterinary vaccines market anticipated to obstruct over forecast period due to absence of cold chain infrastructure for vaccine storage and carriage in several developing and underdeveloped countries. Likewise, the scarcity of diseases investigation data to figure out the effective immunization programs is estimated to block veterinary vaccine market progress over the forecast period.

Global veterinary vaccines market is segmented on the basis of product type, disease type, vaccine type, distribution channel, and region.

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Live Attenuated VaccinesDominate the Global Veterinary Vaccines Market

 Based on the vaccine type, global veterinary vaccines market is segmented into live attenuated vaccines, inactivated vaccines, recombinant vaccines, toxoid vaccines, conjugate vaccines, DNA vaccines, and subunit vaccines. Live attenuated vaccines dominate the global veterinary vaccines market. They activate all phases of immune system and provide more durable immunity. Additionally, its cost effectives combined with its quick immunity drives the growth of this segment in the global veterinary vaccines market.

North America Leads the 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 and Africa. According to regional analysis, Europe accounted for superior revenue segment in global veterinary vaccines market with moderate CAGR due to increasing consciousness amongst cattlemen in UK. Moreover, animal rearing, animal health and proper vaccination and judicious use of antibiotics in animals, are driving the growth of veterinary vaccines market in the European region. The veterinary vaccines market of Asia Pacific is likely to grow at noteworthy rate due to the huge pool of animal population and amplified feasting and trade of meat. North America veterinary vaccines market is also growing at a promising rate owing to the presence of key market players, high disposable incomes, growing pet adoption, increasing research and development, and investments in vaccine manufacturing facilities, especially in USA, are also fueling the growth of veterinary vaccines market in this regional segment.

Launch of newer treatment therapies, and strategic alliances are the key strategies adopted by market players

Global Veterinary Vaccines market further reveals that the key player’s increasingly adopting strategies such as product approvals, launch of newer products, increasing collaborations and long term alliance to improve market revenue share and gaining significant geographic presence across the region.

• For instance in 2015, Boehringer Ingelheim launched two new vaccines in Europe market which offer sustainable control of Porcine Reproductive and Respiratory Syndrome (PRRS) in pigs.

• Furthermore, in January 2019, Boehringer Ingelheim announced its swine vaccine “Ingelvac PRRS MLV”, produced by their veterinary vaccine manufacturing plant in the China.

Key player’s profiles in the report are Bayer AG (Germany), Boehringer Ingelheim GmbH (Germany), Ceva Santé Animale (France), Eli Lilly and Company (USA), Hester Biosciences (India), Merck & Co., Inc. (USA), Vétoquinol S.A. (France), Virbac S.A. (France), and Zoetis Inc. (USA).

Precision Business Insights (PBI) in its report titled “Global Veterinary Vaccines Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven 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.

Detailed Segmentation

By Product Type

• Live Stock Vaccines

o   Bovine Vaccines

o   Poultry Vaccines

o   Small Ruminants Vaccines

• Companion Animal Vaccine

o   Canine Vaccines

o   Feline Vaccines

• Porcine Vaccines
• Equine Vaccines
• Others

By Disease Type

• Live Stock Diseases

o   Foot and Mouth Diseases

o   Brucellosis

o   Infectious Bronchitis

o   Marek’s Disease

o   Newcastle Disease

o   Others

• Companion Animal Diseases

o   Canine Distemper

o   Canine Parvovirus

o   Feline Rabies

o   Others

• Equine Diseases
• Porcine Diseases
• Aquaculture Diseases

By Vaccine Type

• Live Attenuated Vaccines
• Inactivated Vaccines
• Recombinant vaccines
• Toxoid vaccines
• Conjugate Vaccines
• DNA Vaccines
• Subunit Vaccines

By Distribution Channel

• Veterinary Pharmacies
• Veterinary Hospitals
• Veterinary Clinics
• E-Commerce

Geography

o     North America

• US
• Canada

o     Europe

• Germany
• France
• UK
• Italy
• Spain
• Russia
• Poland
• Rest of Europe

o     Asia-Pacific

• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific

o     Latin America

• Brazil
• Mexico
• Argentina
• Rest of Latin America

o     Middle East and Africa (MEA)

• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

For more information: https://www.precisionbusinessinsights.com/market-reports/global-veterinary-vaccines-market/