Over the projected period, rising government initiatives to develop veterinary TB vaccines are anticipated to drive market expansion. For instance, as part of a new plan to eradicate bovine tuberculosis (bTB) in England by 2038, the Department for Environment, Food & Rural Affairs, U.K. said in May 2021 that work on creating a vaccine for cattle and immunising badgers is begun. As part of a five-year badger vaccination programme that has been given US$2.95 million, farmers in East Sussex will be able to spread immunizations throughout a 250 square kilometre area.
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The coronavirus (COVID-19) pandemic, which first appeared on December 31, 2019, in Wuhan, China, is the most recent pandemic. On March 11, 2020, the World Health Organization classified COVID-19 as a pandemic. The Coronavirus Illness (COVID-19) Epidemiological Update published by the World Health Organization estimates that the coronavirus illness (COVID-19) would be responsible for roughly 577 billion cases and 6.4 billion fatalities worldwide until August 3, 2022.
Due to the current COVID-19 pandemic scenario, which has led to a sharp rise in the number of pet adoptions, the COVID-19 pandemic had a favorable effect on the world market for veterinary TB vaccines. The Society for the Prevention of Cruelty to Animals, a non-profit animal welfare group in Los Angeles, California, estimated in 2021 that the adoption rate in June 2020 was between 10 to 13 pets per day. Therefore, the growing popularity of pets and the use of vaccination as a preventative measure for animals may contribute to the growth of the global market for veterinary TB vaccines.
Additionally, throughout the course of the projected period, rising program me initiatives for animal care by leading market competitors are anticipated to propel market expansion. For instance, in April 2020, Pumpkin Insurance Services, Inc., a pet insurance agency and pet care business, announced the launch of its new insurance and optional monthly preventive care plans for pet owners in the U.S. Zoetis Inc., a global animal health company, launched Pumpkin, and it is now accessible to customers in the country.
📌 Key Takeaways
Due to the rising development of manufacturing facilities to enhance vaccine production, which is anticipated to fuel market growth during the projected period, the global market for veterinary TB vaccines is anticipated to display a CAGR of 3.2% during the forecast period. To expand up the manufacture of the TB vaccine, for instance, Merck Animal Health, the animal health subsidiary of Merck KGaA, said in July 2020 that it will spend US$100 million at the company’s manufacturing facility in Kansas, U.S.
Merck KGaA, Colorado Serum Company, CZ Vaccines (Zendal), and Zoetis Inc. are significant participants in the worldwide veterinary TB vaccine market.
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📌 Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Veterinary Tuberculosis Vaccine Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Veterinary Tuberculosis Vaccine Industry Impact
Chapter 2 Global Veterinary Tuberculosis Vaccine Competition by Types, Applications, and Top Regions and Countries
2.1 Global Veterinary Tuberculosis Vaccine (Volume and Value) by Type
2.3 Global Veterinary Tuberculosis Vaccine (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Veterinary Tuberculosis Vaccine Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Veterinary Tuberculosis Vaccine Market Analysis
Chapter 6 East Asia Veterinary Tuberculosis Vaccine Market Analysis
Chapter 7 Europe Veterinary Tuberculosis Vaccine Market Analysis
Chapter 8 South Asia Veterinary Tuberculosis Vaccine Market Analysis
Chapter 9 Southeast Asia Veterinary Tuberculosis Vaccine Market Analysis
Chapter 10 Middle East Veterinary Tuberculosis Vaccine Market Analysis
Chapter 11 Africa Veterinary Tuberculosis Vaccine Market Analysis
Chapter 12 Oceania Veterinary Tuberculosis Vaccine Market Analysis
Chapter 13 South America Veterinary Tuberculosis Vaccine Market Analysis
Chapter 14 Company Profiles and Key Figures in Veterinary Tuberculosis Vaccine Business
Chapter 15 Global Veterinary Tuberculosis Vaccine Market Forecast (2023-2030)
Chapter 16 Conclusions
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