Press release
Animal Vaccines Market with Leading Manufacturers: Merck & Co., Inc., Zoetis Inc., Ceva Sant Animale, Sanofi S.A., Romvac, Vaxxinova, Biovac, Merial, and Anicon Labor GmbH.
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.
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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.
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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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.
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.
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