What's driving the Animal Vaccines Market Size? | Key Players are: Zoetis Inc., Eli Lilly and Company, CEVA SANTE ANIMALE, Virbac, Vetoquinol Global, Phibro Animal Health, Hester Biosciences Limited

Vaccines have proven to be a boon for animal health in veterinary medicine. With increase in the number of adoption cases of companion animals globally, vaccination has become important for these animals as they suffer from various diseases. Strong focus on the development of needle-free DNA animal vaccines and ongoing research on plant-based animal vaccines have added to the growth of the market.

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Geographically, North America is expected to lead the global animal vaccines market in the coming years, owing to the stringent regulations for vaccines production, increasing awareness against the use of antimicrobials, and rising number of innovations in developing vaccines for animals in the region.

However, during the forecast period, the market in Asia-Pacific (APAC) is expected to witness the highest growth in demand for these products. This is attributed to minimal wages, rising healthcare infrastructure, and availability of skilled professionals in the region. These factors attract various market players to invest in the APAC countries. In addition, increasing awareness about animal health in China, Japan, and India is also expected to boost the market growth in the region.

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Various factors, including, rising technological innovations and introduction of innovative vaccines; such as DNA, and recombinant vaccines; improved healthcare facilities; and growing investment by government bodies are positively impacting the growth of this market. Recombinant vaccines represent an innovative option to overcome the limitations of conventional vaccines, since these can be produced efficiently in large amounts and usually present low reactogenicity and toxicity.

Emerging economies offer immense opportunities to the market players in terms of rapidly growing healthcare infrastructure and increasing expenditure, due to which the manufacturers in the animal vaccines industry can easily invest in these economies and generate higher revenue.

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Ongoing partnerships and product approvals in the industry are expected to increase the market share of the players in the coming years. For instance, in September 2018, U.S. Department of Agriculture (USDA) granted an expanded indication to Cytopoint, a novel monoclonal antibody (mAb) therapy by Zoetis Inc., for the treatment of allergic dermatitis in dogs. Cytopoint is the first mAb therapy licensed to treat allergic as well as atopic dermatitis, an indication for which it was fully licensed by the USDA in 2016.

Some of the key players operating animal vaccines market are:
1- Zoetis Inc.
2- Eli Lilly and Company
3- CEVA SANTE ANIMALE
4- Virbac
5- Vetoquinol Global
6- Phibro Animal Health
7- Hester Biosciences Limited

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This release was published on openPR.