Animal Vaccines Market to Reach $9,159 Million : Application, Type, Customer Segments, Top Key Players and growth analysis

Animal vaccines are essential to ensure better animal health and welfare. Various vaccines such as attenuated vaccines, subunit vaccines, toxoid vaccines, and DNA vaccines aid to provide protection against multiple diseases, including rabies and foot & mouth disease. These vaccines offer cost-effective solutions to treat such diseases instead of excessive antibiotic administration.

Animal Vaccines Market report, published by Allied Market Research, forecasts that the global market is expected to garner $9,159 million by 2022, registering a CAGR of 5.2% during the period.

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Increase in adoption of companion animals in the developing countries is the major factor that drives the growth of this market. The market has witnessed moderate growth in recent years due to emerging diseases that affect livestock. The outbreak of epidemics results in severe mass wipeouts of animals, and is a growing concern for the industries dependent on products obtained through farm animals. Moreover, zoonotic diseases that affect animals pose a threat to the public health, hence avoiding transmission of such diseases via vaccination is a significant factor in disease management.

Key findings of the Animal Vaccines Market:

• DNA vaccines segment is projected to grow fastest during the analysis period.

• Cattle vaccines generates highest revenue, and is expected to continue its dominance during the forecast period.

• North America dominated the global animal vaccines market, and projected to grow at a CAGR of 4.5%.

• China is expected to grow at the highest CAGR of 6.9 % in Asia-Pacific.

• The companion animal segment exhibits fast-paced growth rate, registering a CAGR of 5.6%.

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Major key players:

• Bayer AG
• Eli Lilly and Company
• Boehringer Ingelheim GmbH
• Merck & Co.Inc.
• Zoetis Inc.
• Ceva Sant Animale
• Sanofi S.A.
• Nutreco N.V.
• Virbac S.A.

Analyst review :

The animal vaccines market is expected to witness moderate growth owing to increase in incidence of various animal diseases such as rabies and Newcastle disease. The demand for animal vaccines is anticipated to increase owing to high nutritional value of animal-derived food products such as meat & milk and rise in need for companion animals. Furthermore, rise in emergence of antibiotic-resistant microorganisms due to high usage of antibiotics among animals is expected to fuel the growth of the global animal vaccines market.

Advancement in production of vaccines is expected to have a positive impact on the market growth. The advancement in the field of molecular biology has increased the production of DNA & recombinant vaccines. Advancement in production of plant-based animal vaccines reduces the production cost and makes the vaccines safer and more stable for usage in animals.

The employment of technologically advanced animal vaccines is highest in North America, owing of the increase in adoption of these products and rise in disposable income. The growth of the market is driven by rise in disposable income, increase in demand for meat in developing countries such as China and India, and growth in adoption of companion animals. The cattle segment significantly contributes toward the market growth owing to the rise in demand for dairy products.

Table of content:

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO Perspective

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets

3.3. GOVERNMENT REGULATIONS

3.3.1. Center for Veterinary Biologics(CVB)

3.4. PATENTS ANALYSIS

3.4.1. PATENT ANALYSIS BY YEAR
3.4.2. PATENT ANALYSIS BY REGION

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Rising demand for animal derived food products
3.5.1.2. Growing demand for pet insurance
3.5.1.3. Rising concern to prevent zoonotic diseases
3.5.1.4. Growing ownership of companion animals
3.5.1.5. Rising animal health expenditure

3.5.2. Restraints

3.5.2.1. Highly competitive meat and milk prices
3.5.2.2. Lack of animal health awareness
3.5.2.3. Adverse impact of veterinary vaccines on human and animal health

3.5.3. Opportunities

3.5.3.1. Advancement in vaccine products
3.5.3.2. Vaccine products for hybrid animals

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LIST OF TABLES

TABLE 1. GLOBAL ANIMAL VACCINES MARKET, BY PRODUCT TYPE ($MILLION)
TABLE 2. GLOBAL ATTENUATED ANIMAL VACCINES MARKET, BY GEOGRAPHY ($MILLION)
TABLE 3. GLOBAL INACTIVATED ANIMAL VACCINES MARKET, BY GEOGRAPHY ($MILLION)
TABLE 4. GLOBAL SUBUNIT ANIMAL VACCINES MARKET, BY GEOGRAPHY ($MILLION)
TABLE 5. GLOBAL TOXOID ANIMAL VACCINES MARKET, BY GEOGRAPHY ($MILLION)
TABLE 6. GLOBAL CONJUGATE ANIMAL VACCINES MARKET, BY GEOGRAPHY ($MILLION)
TABLE 7. GLOBAL RECOMBINANT ANIMAL VACCINES MARKET, BY GEOGRAPHY ($MILLION)
TABLE 8. GLOBAL DNA ANIMAL VACCINES MARKET, BY GEOGRAPHY ($MILLION)
TABLE 9. GLOBAL ANIMAL VACCINES MARKET, BY ANIMAL TYPE ($MILLION)
TABLE 10. GLOBAL COMPANION ANIMAL VACCINES MARKET, BY GEOGRAPHY ($MILLION)
TABLE 11. GLOBAL ANIMAL VACCINES CATTLE MARKET, BY GEOGRAPHY ($MILLION)
TABLE 12. GLOBAL ANIMAL VACCINES PIGS MARKET, BY GEOGRAPHY ($MILLION)
TABLE 13. GLOBAL ANIMAL VACCINES POULTRY MARKET, BY GEOGRAPHY ($MILLION)
TABLE 14. GLOBAL ANIMAL VACCINES SHEEP MARKET, BY GEOGRAPHY ($MILLION)
TABLE 15. GLOBAL ANIMAL VACCINES MARKET, BY GEOGRAPHY ($MILLION)
TABLE 16. NORTH AMERICA ANIMAL VACCINES MARKET, BY PRODUCT ($MILLION)
TABLE 17. NORTH AMERICA VACCINES MARKET, BY ANIMAL TYPE ($MILLION)
TABLE 18. NORTH AMERICA COMPANION ANIMAL VACCINES MARKET, BY ANIMAL TYPE ($MILLION)
TABLE 19. NORTH AMERICA ANIMAL VACCINES MARKET, BY COUNTRY ($MILLION)
TABLE 20. EUROPE VACCINES MARKET, BY PRODUCT ($MILLION)

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