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Global Veterinary Vaccines Market Driven by Growing Awareness regarding Viral Diseases

Press release Description

Albany, New York, November 08, 2016: Market Research Reports Search Engine (MRRSE), announces the addition of a new report titled “Veterinary Vaccines Market (Animal Type – Companion Animals – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” to its database. The 185-page report is a combination of primary and secondary research in which it explores all the drivers and restraints, analyzes the current and future prospects, and provides a forecast for the veterinary vaccines industry for the duration of 2016 to 2024. 

The report observes that veterinary vaccines are extensively used for the prevention of life-threatening animal diseases. An increase in the prevalence of animal diseases is rated as one of the primary drivers in the global veterinary vaccines market. Also, the research study reveals that governments in various countries are investing heavily on animal healthcare, which augurs well for the future of the market.

A rise in the worldwide demand for milk, meat, eggs and fish is further fueling the market for these vaccines as they help assure the vendor’s investments in their enterprise. Furthermore, the growing awareness about vaccination among the middle class is a reason that will propel the demand for veterinary vaccines. Conversely, the report observes that stringent market regulations and the high cost of the research and development of new vaccines may hamper the overall growth rate.

The study segments the global market for veterinary vaccines on the basis of technology type, animal type, and geography. By technology type, the market has been categorized into inactivated vaccines, conjugate vaccines, live attenuated vaccines, toxoid vaccines, and other vaccines such as DNA vaccines, recombinant vaccines, and subunit vaccines.

The report reveals that companion vaccines and livestock vaccines are the most prominent segments by animal type. The segment of companion vaccines comprises canine vaccines, equine vaccines, and feline vaccines. The livestock vaccine segment is further divided into porcine, poultry, bovine, ovine, and other vaccines. This report provides market revenue in terms of US$ mn for the period of 2016 to 2024, besides the compound annual growth rate (CAGR %) from 2016 to 2024. 2015 has been considered as the base year.

To present a clear picture of the global market for veterinary vaccines, this report geographically segments the market into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The mentioned regions are further analyzed on the basis of leading country-wise markets. The competition matrix section reveals the market share of key players and explores the strategies they are adopting to maintain their hold over the market.

Browse Full Global Veterinary Vaccines Market Report with TOC:

Some of the prominent players in the global veterinary vaccines market are Boehringer Ingelheim GmbH, Bayer AG, Bimeda, Inc., Ceva Santé Animale, Eli Lilly and Company (Elanco Animal Health), Sanofi S.A. (Merial Animal Health), Merck Animal Health, Virbac, and Zoetis, Inc.

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