Press release
Veterinary Vaccines Market Growing Rapidly by 2031 - Merck & Co., Inc, Zoetis Services LLC, Boehringer Ingelheim International GmbH
The global Veterinary Vaccines Market was valued at US$ 124 million in 2024 and is projected to reach US$ 236 million by 2031, with a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.A veterinary vaccine is a biological agent designed to provide immunity against specific animal diseases. Vaccination is essential for enhancing animal health, preventing the spread of zoonotic diseases, and boosting the production of milk, meat, eggs, wool, and other related products.
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Market Dynamics:
Increasing Government Initiatives for Veterinary Vaccines
The global veterinary vaccines market is driven by several key factors, notably increasing government initiatives to support vaccine use. Veterinary vaccines are crucial for enhancing animal health and production, and they also play a significant role in safeguarding human health by ensuring safe food supplies and preventing the transmission of diseases from animals to humans.
Government agencies and animal welfare organizations are actively promoting veterinary vaccines through various programs and initiatives. For example, in September 2023, the government allocated over 13,000 crores to the Food and Mouth Disease (FMD) vaccine program. This initiative aims to control the disease by 2025 and eradicate it by 2030, with plans to vaccinate 100% of the cattle, buffalo, sheep, goat, and pig populations, as well as all bovine female calves aged 4-8 months.
Segment Covered in the Veterinary Vaccines Market
By Vaccine: Livestock Vaccines , Bovine Vaccines, Poultry Vaccines, Porcine Vaccines, Other Livestock Vaccines, Companion Animal Vaccines, Canine Vaccines, Feline Vaccines, Equine Vaccines
By Type: Live Attenuated Vaccines , Inactivated Vaccines, Toxoid Vaccines, Subunit, Recombinant Vaccines, Other Technologies
By Route of Administration: Injection Vaccines , Oral Vaccines, Intranasal/Spray Vaccines
By Distribution Channel: Veterinary Hospitals , Veterinary Clinics, Retail Pharmacies
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Major Key players involved in Veterinary Vaccines Market:
• Merck & Co., Inc
• Zoetis Services LLC
• Boehringer Ingelheim International GmbH
• Biogénesis Bagó
• Elanco
• Ceva
• HESTER BIOSCIENCES LIMITED
• Phibro Animal Health Corporation
• Indian Immunologicals Ltd
• CZ Vaccines
Regional Analysis:
The global Veterinary Vaccines Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
The Veterinary Vaccines Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Transradial Access Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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https://www.datamintelligence.com/research-report/animal-intestinal-health-market
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