Global Veterinary Vaccines Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 6.12% during the forecast period that is 2017-2025.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
Veterinary vaccines increase immunity among animals by improving their health which further avoids the transmission of various diseases from animals to humans. Veterinary vaccines can be given in many ways such as subcutaneously or intramuscularly to the animals. The primary aim of these veterinary vaccines is to improve the animal production in a cost-effective manner. Rising incidences of various zoonotic diseases will affect the humans, and this has led to the increased interest in various animal vaccines. Recent advancements in the development of vaccines to improve immunity will significantly drive the veterinary vaccines market over the projected period.
Rapid growth in population preferring companion animals globally is one of the major factors favoring the veterinary vaccines market growth. Increasing awareness regarding the vaccination programs by various regulatory bodies will further drive the global veterinary vaccines market over the projected period. The market is further anticipated to witness a considerable revenue growth over the projected period, owing to increasing incidences of various food-borne zoonotic diseases across the globe. Moreover, significant rise in white meat demand in regions such as North America and Europe will in turn support the growth of veterinary vaccines market in the coming future.
Anthrax is one of the common animal diseases across the globe. According to World Health Organization, although many national programs have improved the control of anthrax, the disease is still prevalent, majorly due to the lack of experience among recent veterinarians, in order to identify and analyze the disease. From January to April 2015, various disease reports from countries in some parts of the Middle East, North and West Africa, and in some parts of Asia included foot-and-mouth disease (FMD) along with H5N1 HPAI outbreaks significantly, attracted various organizations across the globe. This has driven the demand for veterinary vaccines across the globe in that period.
By Vaccine Type Insights: Attenuated live veterinary vaccines is expected to have the largest market share over the projected period. This is one of the oldest vaccination methods used for veterinary sector. This vaccination method is also used as a trial for developing additional applications of animal vaccines.
By Animal Type Insights: Veterinary vaccines market for cattle is predicted to hold the largest share over the projected period. Rising livestock population, couple with tightening government initiatives to reduce the disease outbreaks among cattle are the key factors driving the global veterinary vaccines market over the projected period. Recent outbreaks of some key viral respiratory infections among cattle will further push the veterinary vaccines market growth.
The global veterinary vaccines market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America veterinary vaccines market is expected to dominate the global market throughout the projected period. Increasing incidences of various canine disorders is accelerating the adoption of various vaccines for animals. Moreover, rising pets among the population of the U.S. will further contribute to the growth of North America veterinary vaccines market over the projected period.
Global Veterinary Vaccines Market Size, Share Analysis By Region 2017
Europe veterinary vaccines market is expected to hold the second largest market share after North America. Increasing animal husbandry practices, coupled with higher pet population will propel the growth of veterinary vaccines market in this region. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years. Latin America is expected to account for the least share of the global medical imaging market.
Global Veterinary Vaccines Market Study Objective
1. To forecast the market size of veterinary vaccines market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of veterinary vaccines market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have major impact on the growth of veterinary vaccines market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of veterinary vaccines market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the veterinary vaccines market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Some of the key players in the global veterinary vaccines market include Virbac Inc., Zoetis, Heska Corp., Indian Immunological Limited, Bayer Pharma AG, Boehringer Inghlem, Biogenesis Bago, and Merck Animal Health among several others.
Global Veterinary Vaccines Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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