According to Data Bridge Market Research new Market report, global veterinary clostridium vaccine market will account to an estimated USD 494.65 million in 2018 growing at a CAGR of 4.72% during the forecast period of 2019 to 2026.
Global Veterinary Clostridium Vaccine Market
Veterinary clostridium vaccine is a type of treatment or vaccine for the treatment of clostridial diseases and pneumonia in livestock. This vaccine results in the livestock being able to produce specific set of antibodies in the body. These sets of antibodies are then subsequently released into the mammary glands and make the body immune towards clostridial diseases.
Global veterinary clostridium vaccine market is segmented on the basis of animal species, distribution channel and geography.
By Animal Species (Bovine, Ovine, Caprine, Swine, Poultry, Others), Distribution Channel (Veterinary Clinic, Veterinary Hospital, Veterinary Research Institute, Retail Pharmacy) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN VETERINARY CLOSTRIDIUM VACCINE MARKET
Growth in production of products dependent on livestock
According to Food and Agriculture Organization, there has been a constant rise in the production of commodities that are dependent on or produced through livestock. In 1997/99 around 218 million tonnes of total meat was produced by the world. This number rose to 300 million tonnes by 2015. This number is projected to rise to 376 million tonnes by 2030, requiring that the livestock and animals being produced be healthy and without any diseases. This factor and growth in the production of meat is expected to positively grow the market value for veterinary clostridium vaccine.
Key Market Competitors:
Few of the major competitors currently working in the veterinary clostridium vaccine market are Bayer AG, Bimeda, Inc., Boehringer Ingelheim International GmbH., Ceva , Eli Lilly and Company, Intervet Inc., a subsidiary of Merck & Co. Inc., Sanofi, Virbac, Zoetis, Inc., Aratana Therapeutics, Inc., ARKO Labs, CanFel Therapeutics, CEVA Logistics, Hygieia Biological Laboratories, Nuovo Biologics,LLC, and Valneva SE,.
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