The global veterinary vaccine market was estimated to be US$ 7.89 Mn in 2019 and is expected to reach US$ 13.97 by 2028, growing at an estimated CAGR of 7.5% over the forecast period. The use of vaccines in the veterinary field has evolved from an experimental perspective. Veterinary vaccines play an important role in the safety of animal welfare and human health, decreasing the suffering of animals and dramatically reducing the need for antibiotics for the care of food and pets. In order to incorporate modern technology, provide animal disease models and counter new and emerging infectious diseases the ongoing relationship between animals and human researchers and health professionals will be of significant importance. Protection and continuous effectiveness is an absolute prerequisite for veterinary vaccines. In contrast to pets or companion animals, special precautions must be taken during the preparation of vaccine for food animals. The cost of chemotherapy and prophylaxis against certain infectious diseases is very high but vaccination is an extremely cost-effective measure to prevent or decrease clinical symptoms after infection and to remove infectious diseases.
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The evolution of new technology in the field of molecular biology and immunology is having a significant effect on the production of new strategies for vaccines and the quality of the products produced. This has made it possible to design vaccines to regulate and eliminate specific pathogens and improve animal health in order to satisfy the increasing demand for livestock products with its quality, control of infectious diseases, limits on residues in commodities and animal welfare in the world. Veterinary vaccines have also had a significant effect on not only animal health wellbeing and development but also human health. In order to be prepared for the present threat of new, emerging diseases, continuous exchange between animal and human disease control agencies and scientists will be necessary.
Instead of awaiting the onset of infection and its related harmful effects, current and potential immunological products improve the ability to keep animals healthy. The basis for the generation of new and improved veterinary vaccines is research and development. Animal scientists can borrow heavily from medical science, especially for companion animals in the fields of welfare and geriatric medicine, which are becoming increasingly lucrative markets for animal health companies. Vaccines for all diseases are not currently available, and access to modern vaccine testing holds great promise and opportunities for the future as new techniques are mastered. Practical aspects of the production of vaccines, such as product stability and less dependency on cold storage should be handled. In terms of support and awareness the research inputs for veterinary vaccines are to be increased in the upcoming years. The growth of this market is largely driven by the increase in the number of pets, increase in the incidence of zoonotic diseases, increasing initiatives by various government agencies and animal health organizations, and the increasing demand for food products derived from animals.
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Animal vaccinations control the spread of diseases, thereby ensuring the safety of animal and human health. Rabies vaccines, foot & mouth disease vaccines, and equine influenza virus vaccines are the most widely used veterinary vaccines that avoid the spread of infectious agents. With the increase in the occurrence of various animal diseases, the constant production of vaccines is important. The growth of this sector has greatly increased the rise in pet ownership also the key objectives of veterinary vaccines is to improve the health and safety of companion animals. These varied priorities have contributed to various approaches to the production of veterinary vaccines. Market participants are continually investing in R&D, the final successful outcome of vaccine research and development is the production of a product that will be available on the market or used in the field to achieve the desired results. There are a variety of animal coronaviruses that infect livestock and companion animals in addition to possible wildlife reservoirs of coronavirus infection. These viruses are responsible for a number of diseases that primarily result in respiratory symptoms or gastroenteritis. For this veterinary coronavirus diseases effective commercial vaccines have been produced. Advances in formulations have contributed to the commercialization of modified goods that can be conveniently delivered through the oral route. Improved administration is increasing the acceptance of vaccines for both wild and domestic animals. Companies focus on the development of new vaccines that can combat a wide variety of diseases.
The detailed research study provides qualitative and quantitative analysis of veterinary vaccine market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- In the technology segment attenuated vaccine will have a significant market growth over the forecast period. By triggering a broad range of immune responses, attenuated vaccines can provide greater immunity compared to other vaccines. In addition, it helps to minimize the need for booster vaccines also it can be delivered by oral route and induces a long-lasting and rapid onset of immunity that contributes positively to the growth of attenuated vaccines.
- The demand for veterinary vaccines in Asia Pacific is projected to rise at the fastest rate. Growing pet acceptance, expansion of key vaccine players, growing product availability, and investments in manufacturing facilities in various Asia Pacific countries, especially in India, China are the main factors driving the growth of the aforementioned market.
- The major players operating in the veterinary vaccine market include Aptimmune Biologics Inc., Boehringer Ingelheim International GmbH, Brilliant Bio Pharma Private Limited, Ceva, China Animal Husbandry, Covetrus, Elanco, Hester Biosciences Limited., Merck & Co. Inc. (Intervet International B.V.), Torigen, VEROVACCiNES GmbH. Vetoquinol S.A., Virbac, Zoetis and Other Market Participants.
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Veterinary Vaccine Market:
- By Type
- Beef
- Equine
- Dairy
- Pork
- Poultry
- Sheep
- Dog
- Feline
- Swine
- Aquaculture
- Ruminants
- Others
- By Technology
- Live Attenuated Vaccines
- Inactivated Vaccines
- Toxoid Vaccines
- Recombinant Vaccines
- Other Vaccines
- By Disease Indication
- Rabies
- Canine Distemper Virus (CDV)
- Canine Parvovirus (CPV)
- Canine Adenovirus (CAV)
- Others
- By Geography
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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