Global Veterinary/Animal Vaccines Market By Type (Porcine Vaccines, Poultry Vaccines, Livestock Vaccines, Companion Animal Vaccines, Aquaculture Vaccines, Other Animal Vaccines), Disease (Porcine, Poultry, Livestock, Companion Animals, Aquaculture), Technology (Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines, Other Vaccines), Route of Administration (Oral, Parenteral, Topical), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026
Market Analysis: Global Veterinary/Animal Vaccines Market
Global veterinary/animal vaccines market is registering a substantial CAGR of 6.38% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed due to the surging occurrence of zoonotic diseases in humans, rising incidences of animal diseases, constant innovations and production of the latest veterinary vaccines.
Market Definition: Global Veterinary/Animal Vaccines Market
A veterinary/animal vaccine avoids transmission of diseases from animals to humans and it also improves animal health. It is one of the most targeted segments by the veterinary drug manufacturers as it improves livestock production in a cost-effective manner. These vaccines are administered through the skin or muscle of the animals. Some of the vaccines which are popular globally are E. coli, rotavirus, hepatitis, rabies, distemper, pinkeye, and parvovirus.
- The surging number of pet owners is driving the growth of the market
- Increasing livestock population and disease outbreaks is fueling the growth of the market
- The advances in technology underlying veterinary vaccines is contributing to the growth of the market
- Various initiates by governments, animal association and key players is boosting the growth of the market
- The incidences of zoonotic diseases has increased which propels the growth of the market
- New type of vaccines have introduced which has driven the growth of the market
- The high storage cost associated with veterinary vaccines is restricting the growth of the market
- The government intervention and compliances is hampering the growth of the market
- The short product exclusivity period is hampering the growth of the market
Segmentation: Global Veterinary/Animal Vaccines Market
- Porcine Vaccines
- Poultry Vaccines
- Livestock Vaccines
- Bovine Vaccines
- Small Ruminant Vaccines
- Companion Animal Vaccines
- Canine Vaccines
- Feline Vaccines
- Aquaculture Vaccines
- Other Animal Vaccines
- Small Ruminants
- Companion Animals
- Live Attenuated Vaccines
- Inactivated Vaccines
- Toxoid Vaccines
- Recombinant Vaccines
- Other Vaccines
By Route of Administration
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In October 2018, Boehringer Ingelheim International GmbH has inaugurated its new center for veterinary vaccine research and development in Lyon, France. The center will have high-tech laboratories which will provide the employees with an optimal environment to work and research and according to standards. This will accelerate the growth of the company in its segment.
- In April 2018, Zoetis has announced the expansion of its animal vaccine research and manufacturing in Suzhou, China. The new facility will focus on development and manufacturing for pigs, cattle, fishes and companion animals. This will expand the company portfolio as well as improve its R7D capabilities which will make it market leader in the market.
Veterinary/animal vaccines market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of veterinary/animal vaccines market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major market competitors currently working in the global veterinary/animal vaccines market are Virbac, Ceva, Hester Biosciences Limited, Elanco, HIPRA, CHINA ANIMAL HUSBANDRY GROUP, Phibro Animal Health Corporation, Intervet Inc., Vetoquinol, Biogénesis Bagó, Boehringer Ingelheim International GmbH, jinyu Group, Ringpu, Zoetis, Pfizer Inc., Mars, Incorporated, Eli Lilly and Company, Cargill Incorporated, Takeda Pharmaceutical Company Limited and Indovax among others.
Research Methodology: Global Veterinary/Animal Vaccines Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global veterinary/animal vaccines market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)