Press release
Companion Animal Vaccines Market To Increase at Steady Growth Rate
Companion Animal Vaccines Market: Drivers and Restraints
With increased prevalence of animal disease along with increasing incidence of zoonotic disease, animal welfare and government investment are some of the key factors that drives the market for companion animal vaccines. Increase in the cost of vaccines, ignorance and preference towards vegetarian food is proving a major challenge for companion animal vaccines market.
Companion Animal Vaccines Market: Segmentation
The companion animal vaccines market has been classified on the basis of product, disease and technology.
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Based on product type, the companion animal vaccines market is segmented into the following:
Canine
Feline
Based on disease type, the companion animal vaccines market is segmented into the following:
Canine Vaccines
Canine Rabies
Canine Distemper
Canine Parvovirus
Canine Hepatitis
Others
Feline Vaccines
Feline Rabies
Feline Panleukopenia
Feline Viral Rhinotracheitis
Feline Leukemia
Others
Based on technology type, the companion animal vaccines market is segmented into the following:
Live Attenuated Vaccines (LAV)
Subunit Vaccines
Inactivated Vaccines
Toxoid Vaccines
Recombinant Vaccines
DNA Vaccines
Conjugate Vaccines
Companion Animal Vaccines Market: Overview
Research and development activities, new product development along with various collaborations and prominent strategies adopted by various vaccine manufactures to enhance and expand their market share are propelling the growth of companion animal vaccines market during the forecast period.
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Companion Animal Vaccines Market: Region-wise Outlook
Depending on geographic region, companion animal vaccines marketis segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Europe accounts for largest market share of the global companion animal vaccines market followed by North America, Japan and Asia Pacific owing to high awareness among population and increase in the preference for owning companion animals. The developing nations in Latin America, Middle East and Africa hold huge potential and a promising market for companion animal vaccines market due to increase in investment opportunities and vast untapped market.
Companion Animal Vaccines Market: Key Players
Key players of companion animal vaccines marketare Bayer Healthcare, Merial Inc. (Sanofi), Bioniche animal Health (Canada), Boehringer Ingelheim (Germany), Zoetis (U.S), Heska Corporation, Merck Animal Health (U.S), Novartis Animal Health Inc., Virbac and others.
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