Veterinary Vaccines Market is Expected to Reach $17.85 Bn by 2028 at a CAGR of 7.4% over the Forecast Period 2024-2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Veterinary Vaccines Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The veterinary vaccines market size has grown strongly in recent years. It will grow from $12.47 billion in 2023 to $13.44 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to emerging markets growth, increased pet spending, increased disease prevalence, increased outbreak of poultry diseases, and rising incidence of zoonotic diseases.

The veterinary vaccines market size is expected to see strong growth in the next few years. It will grow to $17.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to economic growth, increasing penetration of pet insurance, rise in pet ownership, increase in government initiatives, and growing awareness about animal health. Major trends in the forecast period include investing in the development of nanoparticles, increasing the production of subunit and virus-like particle-based vaccines, production of vaccines like parvovirus, distemper, and adenovirus to provide the mandatory and regular vaccination schedule of pet owners, increasing investment in technological advancements, increasing investment on toxoid vaccines, focus on increasing investment on mrna vaccines, and strategic collaborations and partnerships.

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Market Segmentation:
The veterinary vaccines market covered in this report is segmented -
1) By Application: Livestock Vaccines, Companion Animal Vaccines
2) By Vaccine Type: Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines, Other Vaccine Types
3) By Disease Type: Anaplasmosis, Canine Parvovirus, Foot And Mouth Disease, Newcastle Disease, Distemper Disease, Influenza, Porcine Reproductive And Respiratory Syndrome (PRRS)

Major Driver - Elevated Disease Prevalence Fuels Growth In The Veterinary Vaccines Market
The increase in the number of animals suffering from a range of diseases is increasing the demand for vaccines to prevent and treat such diseases, thus driving the veterinary vaccines market According to the estimates from a report by the Animal and Plant Health Agency, a total of 3289 new TB herd incidents were detected in England Bovine tuberculosis is a chronic disease that usually affects animals such as cattle, but it can affect all mammals, causing a general state of illness, coughing and eventually leading to death. However, the disease can be treated with specific antibiotics that kill the TB bacteria. This rising prevalence of diseases in animals is expected to drive the veterinary vaccines market during the forecast period.

Competitive Landscape:
Major companies operating in the veterinary vaccines market report are Zoetis Inc., Boehringer Ingelheim GmbH, Merck & Co. Inc., Elanco Animal Health Incorporated, Ceva Santé Animale., Virbac Group, HIPRA, Biogenesis Bago, Kyoritsu Seiyaku Corporation, Phibro Animal Health Corporation, Century Vaccines Limited, BASF India Ltd., Bayer Animal Health Cadila Vaccines Ltd., Cargill India Pvt. Ltd., China Animal Healthcare Ltd., Merck/MSD Animal Health, Jurox Pty Ltd, Nimrod Veterinary Products Ltd., Bimeda, Animalcare, MSD Animal Health, Interfeed, Biotex Plus Ltd., Belfarmacom, Zoetis, IDT Biologika, UCBVET, Lemavet, Syntec, Sauvet, Vetanco, Chemo Argentina, Brouwer, Agrovet Market Animal Health, Sanofi Animal Health Inc, Novartis Animal Health, DBK Pharma S.A.E.

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Top Trend - Strategic Collaborations And Partnerships Driving Innovation In The Veterinary Vaccines Market
Companies in the veterinary vaccines market are increasingly making strategic partnerships and collaborations to enter into new geographies and to share research and development projects. For instance, in February 2022, Merck Animal Health, a US-based pharmaceutical company formed a four-year strategic alliance with Iowa State University, a US-based research university to collaborate on innovative solutions in animal health. The partnership's scope encompasses research and development, manufacturing, the exploration of new technologies, business expansion, and various other aspects, all with the overarching objective of delivering creative solutions to address animal health challenges within the U.S and worldwide. Similarly, MSD Animal Health, a division of Merck & Co with headquarters in the US, made a strategic partnership with Vinovo. This partnership will help MSD Animal Health to combine its unique broad vaccine product line and Vinovo's vaccine delivery system to the vaccination process, thus improving bird welfare, and reducing vaccine reactions. Also, Wageningen bio veterinary research made a strategic alliance with Ceva with headquarters in Switzerland, to improve their Research on the global threat of emerging and reemerging diseases for animals.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Veterinary Vaccines Market Characteristics
3. Veterinary Vaccines Market Trends And Strategies
4. Veterinary Vaccines Market - Macro Economic Scenario
5. Veterinary Vaccines Market Size And Growth
…..
27. Veterinary Vaccines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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