Email
Print
Veterinary
Vaccines Market: Growth Forecast and Demand Analysis
The use of veterinary vaccines is a
crucial and modern practice in keeping animals healthy and well. Advancement in
the technologies have opened several opportunities to prevent animals from
infectious diseases and reduce the cases of virus transferring from animals to
humans, which is driving a demand influx in the veterinary vaccines market.
The veterinary vaccines market size was
$7.5 billion in 2018, according to the findings by IndustryARC’s market analyst.
The demand is estimated to grow with a global compound annual growth rate
(CAGR) of 8.2% during the forecast period of 2019 to 2025 as mentioned in the
report. The report is titled “Veterinary Vaccines Market: By Type (Veterinary
Viral Vaccines, Veterinary Bacterial Vaccines, Veterinary Parasite Vaccines);
By Type of Disease (Bovine Vaccines, Feline Vaccines, Canine Vaccines, Poultry
Vaccines, Equine Vaccines); & By Geography (Americas, Europe, APAC, ROW)
Forecast (2019-2025)”,
One of the most common diseases
transmitted from animals to humans is rabies, which is a vaccine-preventable
diseases. In a recent report, World Health Organization suggested that dogs are
the leading cause of human deaths due to rabies, with over 95% of humans deaths
reported in the Asian and African regions.
Furthermore, every year, more than 15 million people globally take a
post-bite vaccination. Moreover, mostly the domestic dogs are responsible for the
transmission of rabies, the growing concerns and awareness among population is
leading to proper medication provided to domestic as well as stray dogs at an early stage to avoid progression of rabies in dogs. This is projected to
preclude hundreds of thousands of rabies deaths annually which, in turn, is
fueling the demand in the veterinary vaccines market. [1]
Veterinary Vaccines Market: Leading Segments
As per the recent study by the analyst of IndustryARC, North America is positioned as the leading region with share of 32% in 2018. Rising disposable income with the increasing adoption of veterinary vaccines for better animal health and the demand for quality food products is driving the North American veterinary vaccine market.
Furthermore, the application is segmented on the basis of the type of veterinary vaccines that include veterinary viral vaccines, veterinary bacterial vaccines, and veterinary parasite vaccines. Their key application is in the live viral vaccines which will grow with a CAGR of 9.0% through to 2025. Live viral vaccines are injected to weaken or alter the virus in order to avoid the longer cause of illness and protect immune systems. The properties of live viral vaccines such as low cost of production, prevention by a pathogen, oral administration, and high efficacy is leading to growth prospects in the veterinary vaccines market.
Veterinary
Vaccines Market: Trends
·
Global Governmental
Programs Influencing the Demand for the Veterinary Vaccines Market
The WHO, the Food and
Agriculture Organization of the United Nations (FAO), the World Organization
for Animal Health (OIE), and the Global Alliance for Rabies Control (GARC) have
developed a global “United against Rabies” collaboration to offer a mutual policy
to achieve zero human rabies deaths by 2030. This can be achieved by
vaccinating dogs and by vaccinating humans as a pre-exposure immunization
practice. [2] Veterinary
vaccination demand is on the rise due to the increase in several programs
associated with rabies vaccination that is influencing the veterinary vaccines
market.
·
Government Policies
Boosting the Demand for the Veterinary Vaccines Market
The
demand for veterinary vaccines is accumulating as antimicrobial usage among
animals has been reducing over the years. Fear of influenza such as avian and
zoonosis that can be easily transmitted from infected to animals, coupled with government initiatives to restrict
antimicrobial drug resistance (AMR) in human beings and animals are
stimulating the demand for veterinary vaccines.
·
Various
Practices in Research and Development Sector
Manufacturers
of veterinary vaccines are implementing advanced technologies to improve veterinary
vaccines to reduce zoonotic diseases. Vaccination such as live attenuated ones are
developed by reducing the pathogens levels and the recombinant vaccine is produced
through DNA technology. The cost of veterinary vaccination is relatively low,
and the main objective of the vaccines is to boost the immune system and effort
against virus which reduces the vulnerability to a gamut of diseases. This is
estimated to register significant growth in the demand for veterinary vaccines.
·
Increase
demand for Lean Meat and Animal Based Products Driving the Demand for
Veterinary Vaccines Market
The
increase in demand for lean meat with low-fat content meat along with various
animal-based dairy products such as milk and eggs for human consumption is giving
rise to the diagnostic services for livestock, as they may suffer from various
diseases and virus such as foot-and-mouth virus and bluetongue virus.
Vaccination is the long term cost-effective treatment practice that is
preferred over intermittent cure. This is why the veterinary vaccination market
is gaining grounds globally. Moreover, continuous advancement in vaccine
technology is adding further incentive in the evolution of vaccine protocol.
Veterinary
Vaccines Market: Competitive landscape
Major market players in the veterinary
vaccines market are adopting different market strategies such as acquisitions,
developing new products, and expansion of the product portfolio along with
licensing agreements to register significant growth in the market. Some of the
major players identified in the report are Boehringer Ingelheim GmbH, Merck
Animal Health, Zoetis Inc., Eli Lilly and Company, Bayer AG (Bayer Animal
Health), Ceva Sant, Animale, Virbac, Biovac, Neogen Corporation, and ImmuCell
Corporation.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=9591
Related
Reports
A. Veterinary Animal Vaccines Market
https://www.industryarc.com/Research/Veterinary-Animal-Vaccines-Market-Research-503764
B. Therapeutic Vaccine Market
https://www.industryarc.com/Report/16292/therapeutic-vaccine-market.html
C. Veterinary Surgical Instruments Market
https://www.industryarc.com/Research/Veterinary-Surgical-Instruments-Market-Research-504017
What can you expect from the
report?
The Veterinary
Vaccines Market is prepared with the main agenda to cover the following 20
points:
1. Market Size by Product Categories
& Application 11. Demand
Analysis (Revenue & Volume)
2. Market trends & Relevant Market
Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market
Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC provide customized
reports and charge additionally for limited customization?
Response: Yes, we can
customize the report by extracting data from our database of reports and annual
subscription databases. We can provide the following free customization:
1. Increase the level of data in
application or end user industry.
2. Increase the number of countries in
geography chapter.
3. Find out market shares for other
smaller companies or companies which are of interest to you.
4. Company profiles can be requested
based on your interest.
5. Patent analysis, pricing, product
analysis, product benchmarking, value and supply chain analysis can be
requested for a country or end use segment.
Any other custom requirements can be
discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
services.
To request for a quote, provide your
details in the below link:
https://www.industryarc.com/reports/request-quote?id=9591
Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: [email protected]
Or Email 2:
[email protected]
Contact Sales: +1-614-588-8538
(Ext-101)
About IndustryARC: IndustryARC is
a Research and Consulting Firm that publishes more than 500 reports annually,
in various industries such as Agriculture, Automotive, Automation &
Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food
and Beverages, Information Technology, and Life sciences and Healthcare.