Global Veterinary/Animal Vaccines Market
The global Veterinary/Animal Vaccines market was valued at USD 6.04 billion in 2016 and is projected to reach USD 10.06 billion by 2025, growing at a CAGR of 5.83% from 2017 to 2025.
In veterinary medicine, vaccination has proven to be a boon for animal health. Diseases such as canine parvovirus and canine distemper, feline leukemia, or equine tetanus, have been reduced and attempts are being made to expand the scope. The market under such circumstances is expected to grow during the forecast period.
1. Market Drivers
1.1 Increasing cases of livestock disease outbreaks
1.2 High Prevalence of Infectious diseases
1.3 Increase in usage of companion organisms
1.4 Increasing support from public and private sector
1.5 Technological Advancements in vaccine development
2. Market Restraints
2.1 High Cost of storage
1. By Technology:
1.1 Live Attenuated Vaccines
1.2 Inactivated Vaccines
1.3 Toxoid Vaccines
1.4 Recombinant Vaccines
1.5 Other Vaccines
2. By Type:
2.1 Porcine Vaccines
2.2 Poultry Vaccines
2.3 Livestock Vaccines
2.3.2 Small Ruminant
2.4 Companion animals vaccines
2.5 Aquaculture vaccines
3. By Disease:
3.3.2 Small Ruminant
3.4 Companion animals
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
2. Merck Animal Health
8. Phibro Animal Health
12. Biogenesis Bago
13. Tianjin Ringpu
14. China Animal Husbandry
15. Jinyu Bio-Technology
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Veterinary/Animal Vaccinesmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. 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.
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