Utilizing both primary and secondary research methods, Reports and Insights investigated the “Veterinary Vaccines Market” from every perspective in recent times. The issued report is promising the clients to help them gain a deeper understanding of prevailing market dynamics such as supply-demand asymmetry, product preferences, customer preferences and habits, pricing trends, and so forth. The data is then compiled and evaluated using a scale of market assessment and data validation approaches. In addition, Reports and Insights have an in-house data prognostic approach that prophecies market growth through 2030
The veterinary vaccines market is estimated to reach at a value of US 12,342.2 Mn by the end of 2022 and expected to reach at a value of US$ 16,830.3 Mn by 2030 with a significant CAGR of 6.2%.
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Veterinary Vaccines Introduction
Veterinary vaccines are essentially important with regard to animal health care, the growth in the veterinary vaccines market is primarily attributed to augmented public awareness, research and development, and technological advancement, in particular, DNA-related vaccines.
Veterinary Vaccines Market Dynamics
Collaboration towards animal and human health for protection of both against zoonotic diseases, innovation towards pet health, and increasing vulnerability to the diseases such as bird flu, avian influenza, anthrax, and other viral and bacterial infections are some of the factors that will drive the growth of veterinary vaccines market during the forecast period.
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Veterinary Vaccines Market Segmentation
The veterinary vaccines market is segmented on the basis of product type, disease type, end user, and by region
By Product Type
- Subunit Recombinant Vaccines
- Attenuated Vaccines
- Vector Recombinant Vaccines
By Type
- Porcine Vaccines
- Poultry Vaccine
- Livestock Vaccine
o Bovine Vaccines
o Small Ruminant Vaccines
- Companion Animal Vaccine
o Canine Vaccine
o Feline Vaccine
- Aquaculture Vaccines
- Other Animal Vaccines
By Disease
- Porcine
- Poultry
- Livestock
o Bovine
o Small Ruminant
- Companion Animal
o Canine
o Feline
- Aquaculture
By Technology
- Live Attenuated Vaccines
- Inactivated Vaccines
- Toxoid Vaccines
- Recombinant Vaccines
- Other Vaccines
In 2019, vector recombinant vaccines product type segment is accounted to have the largest market share in terms of value and expected to remain to dominate throughout the forecast period (2020-2028).
According to Reports and Insights analysis, in 2019, North America region is accounted for the largest market share in the veterinary vaccines market followed by Europe and expected to maintain its dominance throughout the forecasting period.
On the basis of disease type, infectious disease segment is accounted for the largest market share followed by cancer and allergies. In 2019, the infectious disease segment contributes more than 65% of veterinary vaccines market. On the basis of technology segment, the recombinant human vaccines segment is expected to dominate the market throughout the forecast period.
Veterinary Vaccines Market Key Players
Some of the key participating players in the veterinary vaccines market are:
- Bayer HealthCare AG
- Biogenesis-Bago
- Boehringer Ingelheim GmbH
- Heska Corporation
- Imugen, Limited
- Indian Immunologicals Ltd.
- Lohmann Animal Health
- Merck Animal Health, Merial Ltd.
- Pfizer Inc.
- Fort Dodge Animal Health
- Protein Sciences Corporation
- Virbac Corporation
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