The launch of the vaccine named, Vanguard CIV H3N2/H3N8 Vaccine, was announced in December 2017 by Zoetis. This was the most recent vaccine in the list of the company’s canine influenza vaccine portfolio. Such initiatives taken by companies towards the launch of vaccines to protect animals from various diseases is promoting the growth of the global veterinary vaccines market, predicts Fortune Business Insights in their new report. According to the report, the market is anticipated to rise from a value of USD 9.75 Billion in 2018 to USD 16.01 Billion by 2026. The forecast period is set from 2019 to 2026 and the market is expected to rise at a CAGR of 6.4%.
Fortune Business Insights foresees the global market for veterinary vaccines to rise because of the increasing number of pet adopters worldwide. In a report, titled “Veterinary 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” it offers an overview of the market, highlighting the key growth drivers and potential restraints. It also provides recommendations to help market players gain competitive edge.
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Leading Players operating in the Veterinary / Animal Vaccines Market are:
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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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
- North America Veterinary Vaccines Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Product
- Inactivated
- Live Attenuated
- Recombinant
- Others
- Market Analysis – By Animal
- Companion
- Livestock
- Market Analysis – By Route of Administration
- Oral
- Parenteral
- Others
- Market Analysis – By Distribution Channel
- Veterinary Hospitals
- Veterinary Clinics
- Pharmacies & Drug Stores
- Others
- Market Analysis – By Country
- U.S.
- Canada
Continued…
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.
Market Segmentation:
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
By Geography
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-reports/veterinary-animal-vaccines-market-101532
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 are the key technological and Veterinary Vaccines 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?
- Why Choose Fortune Business Insights?
- 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?
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