Europe Veterinary Vaccines Market is Projected to Attain CAGR of 5.5% during 2021-2026

According to the MarkNtel Advisors’ research report, “Europe Veterinary Vaccines Market Analysis, 2021”, the market is expected to grow at a CAGR of 5.5% during (2021-26) owing to high economic losses caused due to increasing incidences of bovine viral diarrhea virus (BVDV) among various European countries. Besides this, the introduction of various government regulations regarding certain diseases vaccination protocols such as foot-and-mouth disease and bluetongue, boost in the consumption of poultry product, and escalating demand for canine and feline vaccine due to the burgeoning adoption of cats and dogs are some of the major reason projected to create a positive growth on the veterinary vaccine market in the forecast period.

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Key questions answered in the study
1. What are the current and future trends in Europe Veterinary Vaccines market?
2. How the market has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for Europe Veterinary Vaccines market?
5. What are the customer orientation, purchase behavior, and expectations from the Europe Veterinary Vaccines market service provider across various countries?

Significant influence of COVID-19 on Europe Veterinary Vaccines Market

The COVID-19 outbreak has a significant impact on the veterinary vaccines market. This is due to the imposition of lockdown and strict measure taken by the government such as social distancing which further resulted in the cancellation of the vaccination and check-up appointment. However, the decrease in the consumption of poultry product due to the fear of the spread of the virus has resulted in a decrease in the demand for vaccines. Moreover, various plans are taken by the government to tackle various animal disease are expected to proliferate the market growth in the forthcoming timeline.

“Europe Veterinary Vaccines Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting market growth, hotspots and opportunities available for Veterinary Vaccines providers across the countries. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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Inactivated Vaccines Holds Considerable Market Share

Based on Technology, Inactivated Vaccines holds considerable market share in 2019. Inactivated vaccines are used improve the immunological effect in the animals as it is created by killing the disease-causing microbe which offers a better immune response to the vaccine. Besides this, Toxoid Vaccines and Subunit Vaccines are growing at a substantial rate as revealed by MarkNtel Advisors’ research report “Europe Veterinary Vaccines Market Analysis, 2021”.

According to MarkNtel Advisors, the major leading players in the Europe Veterinary Vaccines market are Merck & Co. Inc., Virbac SA, Elanco Animal Health, Ceva Sante Animale, Phibro Animal Health Corp., HIPRA, Zoetis Inc., Boehringer Ingelheim International GmbH, Neogen Corporation etc.

Market Segmentation:
1. By Animal Vaccine Type (Livestock Vaccines (Bovine Vaccines, Poultry Vaccines, Porcine Vaccines, Other Livestock Vaccines), Companion Animal Vaccines (Canine Vaccines, Feline Vaccines, Equine Vaccines))
2. By Technology (Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines, Other (DNA Vaccines, Subunit Vaccines, Conjugate Vaccines))
3. By Disease Type (Canine Disease (Distemper, Kennel cough (Parainfluenza), Parvovirus, Canine herpes, Lyme Disease, Rabies), Porcine Disease, Bovine Disease (Foot & mouth disease (FMD), Lumpy skin, Rotavirus, Corona virus, E. Coli, Other), Poultry Disease (Infectious Bronchitis, Avian Influenza, Marek's Disease, Newcastle Disease, Salmonella), Aquaculture Disease (Streptococcosis, Vibrio, Aeromonas), Other Disease Type)
4. By Country (The UK, Germany, France, Spain, Italy, Others)
5. By Competitors (Merck & Co. Inc., Virbac SA, Elanco Animal Health, Ceva Sante Animale, Phibro Animal Health Corp., HIPRA, Zoetis Inc., Boehringer Ingelheim International GmbH, Neogen Corporation etc.)

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