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Veterinary/Animal Vaccines Market is Expected to Grow at a CAGR of 7.2% by 2025

Jan 13, 2022 6:00 PM ET

Veterinary/Animal Vaccines Market is Expected to Grow at a CAGR of 7.2% by 2025

Market Scope

Market Research Future (MRFR) studied the global veterinary vaccines market 2021 for the review period till 2025. As per MRFR study, the global veterinary vaccines market is anticipated to thrive at 7.2% in the review period (2020 to 2027). By 2025, the veterinary vaccines market value touch USD 11 billion.

Market Drivers and Restrains

The surge in need to prevent diseases in livestock to offer high quality poultry and diary food to people can support the expansion of the veterinary vaccine market in the near future. The growing adoption of veterinary vaccines to prevent zoonosis, thus the transmission of harmful microbes in animals, is expected to favor the market growth. In addition, the growing adoption for veterinary vaccines for immunizing animals and preventing the spread of harmful viruses to humans from animals can add momentum to the veterinary vaccines market in the review period. The ongoing trend of pet companionship is driving the sales of veterinary vaccines and curbing cases of brucellosis among animals, which, in turn, can support the veterinary vaccine market.

Market Segment

The segment study of the veterinary vaccines market is based on disease indication, technology, animal type, and composition. The technology-based segments of the veterinary vaccines market are inactivated, toxoid, attenuated, recombinant DNA, conjugate, and subunit. The increase in number of animals and farms and the surge in the adoption of attenuated vaccines for immunization of these animals can favor the attenuated segment in the review tenure. The disease indication-based segments of the veterinary vaccines market are parvovirus, foot & mouth disease, reproductive & respiratory syndrome, and distemper among others. The composition-based segments of the veterinary vaccines market are combination vaccines and mono vaccine. The animal type-based segments of the veterinary vaccines market are porcine, poultry, bovine, and companion among other. Poultry segment is accounted for the maximum market share followed by porcine. Meanwhile, companion section is witnessing significant market growth owing to the trend of adoption of pets.

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Veterinary_Animal_Vaccines_Market

The animal type-based segments of the veterinary vaccines market is accounted for a high share of the worldwide market by the study period. The creation creature fragment is additionally arranged into pig, poultry, cows, fish, and sheep and goats. The predominant offer caught by creation creature is a result of rising interest for proteins on the planet. Furthermore, the increase in the spending on creature wellbeing, particularly in the created areas, is likewise ventured to be answerable for the wide-scale selection of creation creatures. The partner creature portion is relied upon to show the quickest development over the figure time frame attributable to the expanding pervasiveness of persistent sicknesses.

Regional Analysis

The regional assessment of the veterinary vaccine market is assessed for North America, EU, the Middle East Asia, Africa, and Asia Pacific, and is studied considering both geographic and demographic factors.

The veterinary vaccines market in North America is expected to retain its forefront position over the review period. The US can lead the regional market, following Canada that can earn high revenue for North America veterinary vaccine market. The increase in pet championship and the growing concern of pet owners to can favor the growth of veterinary vaccine market in the region. The presence of favorable government regulations that offer pet insurance in North America countries can favor the market upsurge in the years to come. In Europe, the expansion of the veterinary vaccine market is expected to prompt the market rise in the years to come. The increasing prevalence of zoonotic diseases and the availability of favorable reimbursement programs in Europe can support the expansion of the market in the years to come. Moreover, the rise in the rate of pet adoption can favor the expansion of the veterinary vaccine market in the analysis period.

In the Asia Pacific region, the market of veterinary medicine is expected to exhibit lucrative growth scopes in the forecast period. Factors, such as; surge in health concerns of animals and higher adoption of companion animals are causes that are expected to prompt the veterinary vaccine market in the Asia Pacific region. The escalation of expenditure on veterinary services and animal health, along with expansion of the cattle population are causes that can driving the market rise in the near future.

Market Key Players

Zoetis Inc., Merck Animal Health, Boehringer Ingelheim GmbH, MSD Animal Health, Elanco Animal Health, Indian Immunologicals Limited, and Bayer AG are some well-known companies in the global veterinary vaccines market that are listed by MRFR in the report.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.