In its latest report on Animal Vaccines Market provides a concise analysis on the recent market trends. The report further includes statistics, market forecasts and revenue estimations, that in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.
Global Animal Vaccines Market is valued at USD 8130.74 Million in 2017 and expected to reach USD 12861.68 Million by 2024 with the CAGR of 5.9% over the forecast period.
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Rising pet ownership in developing countries is driving the global animal vaccine market.
Vaccination is help to stimulating the immune system, the natural disease-fighting system of the body.it is an injection of a killed microbe in order to stimulate the immune system against the microbe, thereby preventing disease. Due to increasing adoption of animals there is demand of vaccination is increased day by day. It helps to prepare the immune system to ward off a disease. Additionally, Animal vaccines control the transmission diseases, thus providing protection to animal and human health, which is essential considering the public dependency on animals. Moreover, Vaccines continue to play an increasingly vital role in preventative health and disease control programmers in animals. Furthermore, Vaccines play a vital role in the long-term solutions for effective prevention of existing and developing infectious diseases. The vaccination can help to avoid costly treatments for diseases that can be prevented, it prevent diseases which can infect unvaccinated pets to wildlife pets, like rabies.
Key Players for Global Animal Vaccines market Reports–
Merck & Co., Inc., Zoetis Inc., Ceva Santé Animale, Sanofi S.A, Romvac, Vaxxinova, Biovac, Merial, and Anicon Labor GmbH
Animal Vaccines Market report is segmented on the basis of type, Diseases, technology and region. Based upon by product type the animal vaccine market is segmented into Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, Toxoid Vaccines, Conjugate Vaccines, Recombinant Vaccines and DNA Vaccines. Based upon disease segment the Animal Vaccines market is segmented into porcine vaccine, poultry vaccine, livestock vaccine, companion animal vaccine, aquaculture vaccine and others vaccine. Based upon animal type segment the Animal Vaccines market is segmented into companion and livestock. Based upon route of administration the animal vaccine market is segmented into Oral, Parenteral and Others. On the basis of distribution channel segment the animal vaccine market is segmented in the Animal Hospitals, Animal Clinics, Pharmacies & Drug Stores and Others.
The regions covered in this Animal Vaccines market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of seed treatment sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Rising number of Growth in livestock population and repeated outbreaks of livestock diseases these factors which driving the global Animal Vaccines Market.
Increasing demand of livestock product, increasing government initiative to improve animal health is driving the animal vaccine market. Globally, adaptions of animal are rapidly increasing and the awareness of animal vaccination is growing. Additionally, surge in investment for R&D of vaccines, which inhibit the growth of antibiotic-resistant organisms boosts the animal vaccines market growth. For example, according to RSPCA report 350,447 dogs/puppies and 283,631 cats/kittens they were adopted or reunited with owners. However, increasing side effect of animal vaccination and lack of animal health awareness and possibility of adverse impact on veterinary vaccines on human and other animal health these factors are hindering factors in animal vaccine market. Additionally, high cost of vaccination coupled with poor and uneven animal healthcare coverage in developing nations will hinder the market growth. Moreover, growing number of veterinary care practitioners to meet rising veterinary healthcare issues will create the number of opportunities for animal vaccines market in forecast period.
Global Animal Vaccine Market Segmentation:
By Type - Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, Toxoid Vaccines, Conjugate Vaccines, Recombinant Vaccines and DNA Vaccines
By Route of administration - Oral, Parenteral, Others
Animal Vaccines market is dominated by North America
North America is expected to dominate the growth of animal vaccines market. Increasing awareness about animal vaccine and rising adoption of pets in North America. Additionally, growing incidence of canine disorders, in turn adoption of vaccination for the rising pet population in the North America these are some of the key factors contributing to the expansion of market share of the region. For example Dogs and cats are the most popular pets in North America. According to National Pet Owners Survey, approximately, 74.8 million dogs are adopted in North America. Europe is the second largest animal vaccine market due to, expansion of key players in the region, a wide range of product launches, and investments in vaccine manufacturing facilities. Moreover, Asia pacific is the emerging region in the animal vaccine market. Due to the Owing to these awareness programs and campaigns, the number of deaths due to rabies in India reduced and Asian countries private players are also investing to control and prevent rabies.
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