The global veterinary/animal vaccines market size is projected to hit USD 16.01 billion by the end of 2026 attributed to the increasing awareness about animal diseases and the increasing importance of animal health and welfare. Animals are exposed to various internal and external factors that act as disease-causing agents, thereby leading to communicable or fatal animal diseases. Therefor animal vaccination is a significant factor that allows humans and animals to share the same environment, especially for pet owners. As per a recent report by Fortune Business Insights titled, “Veterinary/Animal Vaccines Market Size, Share & Industry Analysis, By Product (Inactivated, Live Attenuated, Recombinant, Others), By Animal (Companion, Livestock), By Route of Administration (Oral, Parenteral, Others), By Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Pharmacies & Drug Stores, Others) and Regional Forecast, 2019-2026,” the market value was USD 9.75 billion in 2018 and is expected to exhibit a CAGR of 6.4% between 2019 to 2026, set as the forecast duration.
Highlights of the Report:
- In-depth analysis of various insights, namely, Veterinary/Animal Vaccines Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Veterinary/Animal Vaccines Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
The current pandemic of COVID-19 has propelled many industries to come to a halt. Most of the import-export businesses worldwide are facing huge losses both in terms of revenue generation as well as market position in the country. However, this too shall pass. Various government initiatives are expected to bode well for companies. We are offering an impact analysis of the covid-19 pandemic and its effect on various industries to help you prepare for the future.
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Key Players Operating in The Veterinary/Animal Vaccines Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- NEOGEN CORPORATION
- Eli Lilly and Company
- Elanco
- Merial
- ImmuCell Corporation
- Ceva
- Intervet Inc. (Merck Animal Health)
- Boehringer Ingelheim International GmbH
- Virbac
- Zoetis
Increasing Awareness About Diseases Contracted from Animals by Humans to Fuel Demand for Veterinary Vaccines
The rise in awareness about importance of veterinary healthcare is a major factor boosting the global veterinary vaccines market. The increase in the number of pet owners worldwide is also anticipated to help the market gain traction. Increasing investments in research and development by manufacturers for development of novel veterinary vaccines are also anticipated to promote the global veterinary vaccines market growth during the forecast period. Moreover, the prevalence of diseases that can pass on to humans from animals such as trichinella spiralis, rabies, and others may also help in the veterinary vaccines market growth.
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Rise in Disposable Income to Help Asia Pacific Market Grow Rapidly
The global veterinary vaccines market was dominated by North America with a revenue generation of US$ 2.97 billion in 2018 AND Fortune Business Insights predicts this region to continue its dominance in the forecast period as well owing to the rapid adoption of efficient veterinary vaccines. This, accompanied by the use of technologically advanced vaccine delivery across all regions is anticipated to help North America remain dominant.
On the other side, the market for veterinary vaccination in Asia Pacific market is anticipated to register highest growth in the market. This is attributable to the rise in awareness and increase in disposable incomes of people that made them want to invest in the healthcare and well-being of their pets. Livestock and companion animals from Japan, India, China and the rest of Asia Pacific are taking keen interest in the implementation of timely vaccination. This is further expected to increase the veterinary vaccines market share in the region.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Major Animal Diseases by Countries
- Livestock and Companion Animal Ownership Patterns
- Recent Industry Developments such as Mergers & Acquisitions
- Regulatory Scenario in Key Countries
- Technological Advancements in Animal Immunization
- Overview of Novel Vaccine Delivery Modes
- Key Strategies Adopted by Market Leaders
- Global Veterinary Vaccines Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Inactivated
- Live Attenuated
- Recombinant
- Others
- Market Analysis, Insights and Forecast – By Animal
- Companion
- Livestock
- Market Analysis, Insights and Forecast – By Route of Administration
- Oral
- Parenteral
- Others
- Market Analysis, Insights and Forecast – By Distribution Channel
- Veterinary Hospitals
- Veterinary Clinics
- Pharmacies & Drug Stores
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Veterinary/Animal Vaccines Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Veterinary/Animal Vaccines Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Veterinary/Animal Vaccines Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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