
Overview
Veterinary Vaccine Market
Global Veterinary Vaccine Market: Overview
According to Custom Market Insights (CMI), The Global Veterinary Vaccine Market was estimated at nearly USD 9 billion in 2021. As per our study, the market is anticipated to reach a value of USD 15 billion by 2030 showing a CAGR of 5%.
Scrutinizing the uncertainties of the COVID 19 pandemic, our research team is constantly tracking and assessing the impact of the pandemic on the Veterinary Vaccine Market. These comprehensive insights are included in our market search report as a key market contributor.
The global Veterinary Vaccine Market research report offers an in-depth analysis of the global market size, which is further segmented into the regional and country level market size, and segmentation market growth. Also, it provides market share, sales analysis, competitive landscape, impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.
Over the projection period, it is anticipated that the market for veterinary vaccines will grow quickly. One of the most prevalent cattle diseases in the world is anthrax. Anthrax has been globally contained as a consequence of national initiatives, but it remains pervasive, according to a report released by the WHO. The absence of vaccination against the illness and the inexperience of recent generations of veterinarians in detecting and reporting the condition both contribute to the diseases prevalence. Various livestock illnesses are becoming more common along with this.
In livestock production systems, animal diseases cause a wide range of problems, such as productivity losses, food insecurity, and revenue loss, all of which have a detrimental effect on human health. Thus, as a result of all these factors, veterinary animal vaccinations were introduced to the market.
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Veterinary Vaccine Market: Growth Drivers
The main reasons for the widespread acceptance of ruminants, particularly cattle vaccinations, around the world are the rising outbreaks of cattle disease and the continuously growing livestock population. Animals are an essential source of milk, food, meat, protein, and other industrial goods like wool and leather. The three most often used animal vaccinations for equine influenza, foot, and mouth disease, and rabies restrict the spread of infectious pathogens by simulating acquired immunity.
The need for animal vaccines for the livestock population is rising as a result of growing concerns about food security and improved animal husbandry. Global livestock output has increased as a result of rising consumer demand for animal products. The demand for animal products is also rising as a result of a number of causes, including population expansion and variations in food choices brought on by changing lifestyles. These elements are contributing to the markets expansion. Additionally, the ongoing development of vaccinations and the spread of cattle diseases have contributed to the changing market dynamics.
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Veterinary Vaccine Market: Regional Analysis
The largest market share is held by North America. The Animal and Plant Health Inspection Services Center for Veterinary Biologics (CVB) oversees the regulation of veterinary vaccinations in the United States (APHIS). Animal health companies are granted establishment and product licenses by the CVB in order to produce and market veterinary biologics.
The creation of non replicating recombinant antigen vaccines, live vector vaccines, nucleic acid mediated vaccines, as well as live gene deleted vaccinations are examples of developments in vaccine development in the United States. For instance, in January 2020, Zoetis, a renowned animal health business, added PoulvacProcerta HVT ND, a vectored recombinant vaccine for defense against Newcastle and Mareks disease viruses, to their chicken vaccine line up.
Veterinary Vaccine Market: Recent developments
- August 2022:The Department of Animal Husbandry, Chandigarh Administration (India), has decided to start immunization in veterinary facilities because of the ongoing lumpy skin disease outbreak among cattle in Punjab and Haryana as well as rare instances being reported from Chandigarh.
- October 2020: Boehringer Ingelheim teamed up with Henke Sass Wolf to create a novel intramuscular needle free vaccine injection tool for pigs from the time of weaning till the conclusion of their nursery.
Key Players:
- MERCK
- Boehringer Ingelheim International GmbH
- Virbac
- Zoetis Services LLC
- Vetoquinol
- Elanco
- Ceva
- Biovac
- NEOGEN Corporation
- ImmuCell Corporation
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