Press release
Veterinary Vaccines Market is Booming 2019 by Key Players Zoetis Inc. Merck Animal Health, Merial Inc., Boehringer Ingelheim, Bayer Animal Health, Elanco Animal Health, Ceva Animal Health, Heska Corporation, Virbac Inc., and Indian Immunological Ltd
Veterinary Vaccines
Also, rabies that leads to thousands of human deaths worldwide is prevalent in 150 countries according to the WHO, with highest number of related deaths reported in Asia and Africa. Thus, these regions are amongst the largest target regions for veterinary vaccines market. Incidence rate of rabies has reduce drastically in Latin America and Caribbean regions due to successful implementation dog rabies control programs.
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As per 2016 Pet Secure (a pet rescue organization in Australia) estimates, dog population is highest in the U.S. at 69,929,000. Pet owners in the country spend over US$ 50 billion on maintenance of their pets. However, pet adoption in Asia Pacific and Latin America regions is increasing rapidly according to the Pet Asia Fair in 2016, resulting in increase in demand for vaccines in these regions.
China, Russia and Brazil are leading countries in terms of cat and dog population as per the 2016 estimates of Pet Secure. Also, the organization mentions that the population of dogs in Switzerland is shrinking while increasing rapidly in India. These regional trends of pet adoption need to be essentially factored for by the companies to increase share in the global veterinary vaccines market.
Cell culture has enabled mass production of vaccines. Adoption of cell culture technology for parenteral veterinary vaccine production is increasing in emerging economies in Asia as per the World Health Organization (WHO). Highly immunogenic inactivated cell culture parenteral vaccines for dogs are now available at an affordable costs in emerging economies.
Moreover, according to the WHO, trials for oral immunization of dogs are underway in these regions. This is expected to benefit one of the larger section of veterinary vaccination consumer base. Also, third generation vaccines are being produced using recombinant technology.
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Increasing implantation of advanced production technologies is expected to significantly decrease costs of veterinary vaccines and in turn increase their adoption in cost-sensitive emerging economies characterized by large pet and livestock population.
Some of the major players are Zoetis Inc. Merck Animal Health, Merial Inc., Boehringer Ingelheim, Bayer Animal Health, Elanco Animal Health, Ceva Animal Health, Heska Corporation, Virbac Inc., and Indian Immunological Ltd.
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