Press release
How will rising investments towards veterinary inventories drive animal vaccines industry? Boehringer Ingelheim, Ceva Sante Animale, Durvet, Elanco, Merck Animal Health, Zoetis
With the rising consumption of animal sourced food and increased focus on consumer health, the animal vaccines industry has witnessed a steady growth as far as product awareness and global demand are concerned. Growing number of household companions resulting from a surge in pet adoption has also influenced the need for highly-effective disease prevention remedies, since these animals are constantly in human contact. The latest and most enhanced veterinary vaccines are now more commonly accessible to not only skilled users such as farmers and zoo keepers but also inexperienced pet owners, along with proper guidance on how to administer them. Unpredictable outbreaks of viral and bacterial infections in livestock in different parts of the world will certainly fuel the expansion of the animal vaccines market.It is believed that extensive use of numerous types of animal vaccines has helped to prevent illnesses and deaths of millions of animals over the past hundred years, as they counter any diseases passed between species. Apparently, vaccines provide long-term immunity and avert future disease even if the host is exposed to an infection later on, while following proper check-up and vaccination schedules ensure there is no protection interlude. Most countries have made it mandatory to vaccinate pets, whereas immunization of livestock is a basic requirement and a common practice. In fact, vaccination of farm animals has become increasingly important owing to augmented consumption of meat, pork, poultry, dairy and fish products, representing a key application area for the animal vaccines industry.
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Parasitic vaccines market will reach revenue of USD 815.4 million by 2025. Parasitic infections in cattle and poultry lead to significant economic losses in animal farms. Improved efficacy to provide maximum immunity with minimal complications will favor segmental growth in the future. With various technological advances, parasitic vaccines market will witness tremendous growth in the future.
Oral vaccines held market share of 16.4% in 2018 and will reach USD 1,466.3 million by 2025 Growing occurrence of infectious diseases and the antimicrobial resistance to existing anti-infective agents are growth drivers of oral vaccines market. Ease of administration and increasing preference for oral vaccines coupled with various technological advancements will favor business growth over forecast timeframe.
Veterinary Vaccines Market, by Animal Type
o Farm animals
o Poultry vaccines
o Cattle vaccines
o Swine vaccines
o Equine vaccines
o Aquaculture vaccines
o Companion animals
o Dog vaccines
o Cat vaccines
Animal vaccines play a significant role in animal as well as human health protection as they reduce the need for antibiotics to treat companion and farm animals. The rapid adoption of advanced clinical technologies and the need to confront emerging infectious diseases will help augment animal vaccines market size, slated to cross $9 billion by 2025.
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