openPR Logo
Press release

Veterinary Vaccines Market to Surpass US$ 9.4 Billion by 2024

04-07-2017 08:57 AM CET | Health & Medicine

Press release from: Pharmaceutical Report By CMI

Veterinary Vaccines Market to Surpass US$ 9.4 Billion by 2024

Veterinary/Animal Vaccines – Ensure good health of human’s best friends

Veterinary vaccination enhances the health of animals, thus improving their life expectancies. Most common veterinary vaccines include those for rabies, E. coli, distemper, hepatitis rotavirus, parvovirus, brucellosis, and pinkeye. Various diseases such as foot-and-mouth disease and influenza adversely affect livestock across the globe. Economic losses due to death of livestock is significant as it impacts the supply of dairy products, meat, and other poultry products. Veterinary biologics are governed by the U.S. Department of Agriculture (USDA) Center for Veterinary Biologics. To combat increasing prevalence of potentially fatal veterinary diseases, there’s a significant spike in demand for combination vaccines that allow for greater accuracy and stability of the finished product. Regulations are also focusing on improving stability, consistency and quality of vaccines produced. Maintaining the quality of production will circumvent risk of side effects.

As per the American Veterinary Medical Foundation, core vaccines such as rabies, feline viral rhinotracheitis, feline panleukopenia, canine parvovirus infection, and canine hepatitis are recommended for every pet, while non-core vaccines such as canine kennel cough and feline leukemia are recommended based on specific needs of the animal. However, low awareness among pet owners and livestock managers inhibits the growth of veterinary vaccines market, especially in emerging economies.

Get sample copy of this report: https://www.coherentmarketinsights.com/insight/request-sample/125

The global veterinary vaccines market was valued at US$ 5,688.7 million in 2015 and is expected to witness a moderate CAGR of 5.9% during the forecast period (2016 – 2024).

Increasing incidence of veterinary diseases to drive the growth of veterinary vaccines market

According to the 2015 Global Animal Disease Intelligence Report by the Food and Agriculture Organization (FAO), prevalence of foot-and-mouth disease (FMD) was especially high in Morocco, Saudi Arabia, Turkey, Northern, and Southern Africa. Ebola (Zoonotic disease) continued to be prevalent in West Africa. Also, rabies that leads to thousands of human deaths worldwide is prevalent in 150 countries according to the WHO, with highest number of related deaths reported in Asia and Africa. Thus, these regions are amongst the largest target regions for veterinary vaccines market. Incidence rate of rabies has reduce drastically in Latin America and Caribbean regions due to successful implementation dog rabies control programs.

Growing pet adoption and livestock animals to improve the veterinary vaccines market outlook

As per 2016 Pet Secure (a pet rescue organization in Australia) estimates, dog population is highest in the U.S. at 69,929,000. Pet owners in the country spend over US$ 50 billion on maintenance of their pets. However, pet adoption in Asia Pacific and Latin America regions is increasing rapidly according to the Pet Asia Fair in 2016, resulting in increase in demand for vaccines in these regions. China, Russia and Brazil are leading countries in terms of cat and dog population as per the 2016 estimates of Pet Secure. Also, the organization mentions that the population of dogs in Switzerland is shrinking while increasing rapidly in India. These regional trends of pet adoption need to be essentially factored for by the companies to increase share in the global veterinary vaccines market.

You can also get exclusive discount on this CMI report by clicking on this link: https://www.coherentmarketinsights.com/insight/request-discount/125

Evolving technology improving the affordability of veterinary vaccines

Cell culture has enabled mass production of vaccines. Adoption of cell culture technology for parenteral veterinary vaccine production is increasing in emerging economies in Asia as per the World Health Organization (WHO). Highly immunogenic inactivated cell culture parenteral vaccines for dogs are now available at an affordable costs in emerging economies. Moreover, according to the WHO, trials for oral immunization of dogs are underway in these regions. This is expected to benefit one of the larger section of veterinary vaccination consumer base. Also, third generation vaccines are being produced using recombinant technology. Increasing implantation of advanced production technologies is expected to significantly decrease costs of veterinary vaccines and in turn increase their adoption in cost-sensitive emerging economies characterized by large pet and livestock population.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Visit Blog: http://healthcaremarketconsulting.blogspot.in/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Veterinary Vaccines Market to Surpass US$ 9.4 Billion by 2024 here

News-ID: 493420 • Views: 110

More Releases from Pharmaceutical Report By CMI

Rising prevalence of diabetes is a major factor driving growth of the diabetic f …
Diabetic foot ulcers is a common condition in diabetic patients. It is a disabling disorder, which might lead to amputation of the leg. Mortality due to diabetic foot ulcers is high and chances of recurrence of cured foot ulcers is also high and this in turn leads to increasing demand for proper treatment of diabetic foot ulcers. Diabetic foot ulcer is caused due to neuropathic and vascular changes in the
Glucagon-Like Peptide-1 (Glp-1) Analogs Market Global Industry Insights, Trends, …
Glucagon-like peptide-1 (GLP-1) analogs also known as incretin mimetics are class of drugs indicated for type-2 diabetes mellitus to lower the blood sugar level. GLP-1 analogs prevents the breakdown of GLP-1, thereby enhancing the glucose depended insulin release, suppresses the glucagon release (which reduces hepatic glucose output), and reduces gastric emptying rate (resulting in weight loss from reduced appetite). GLP-1 analogs do not cause hypoglycemia like other class of anti-diabetic
Multiple Sclerosis Therapeutics Market to Surpass US$ 24.4 Billion by 2025
Increasing prevalence of multiple sclerosis to augment market growth Multiple sclerosis is a widespread disabling neurological condition, mostly diagnosed in people in the age group 20–50 years. According to the Multiple Sclerosis Foundation, 2017, this autoimmune condition affects 2.5 million people with the global incidence of around 7 cases per 100,000 people per year. The study also states that prevalence rates varies between ethnic and geographical latitudes, ranging from 50 to
Diabetic Foot Ulcers Treatment Market to Surpass US$ 9.49 Billion Threshold by 2 …
Diabetic foot ulcers is a common condition in diabetic patients. It is a disabling disorder, which might lead to amputation of the leg. Mortality due to diabetic foot ulcers is high and chances of recurrence of cured foot ulcers is also high and this in turn leads to increasing demand for proper treatment of diabetic foot ulcers. Diabetic foot ulcer is caused due to neuropathic and vascular changes in the

All 5 Releases


More Releases for Veterinary

Veterinary Artificial Insemination Market Analysis
The findings reviewed by GME stated that the Global Veterinary Artificial Insemination Market will expand with a CAGR value of 5.9 % from 2021 to 2026. Increasing demand for animal products like dairy and meat is expected to increase the demand for artificial insemination as livestock breeders try to meet the growing demand for animal products. Browse 159 Market Data Tables and 119 Figures spread through 189 Pages and in-depth TOC
Veterinary Clinics Services Market 2020 Strategic Assessments – Pol Veterinary …
Veterinary Clinics Services Market research report provides an actual industry viewpoint, future trends, and dynamics for market growth rate, market size, trading and key players of the industry with a forecast period of 2025. This comprehensive research report is titled Veterinary Clinics Services Market with Industry Analysis and Opportunity Assessment and it comprises a whole market scenario along with the dynamics affecting it. Top leading Companies of Global Veterinary Clinics Services
Veterinary Drugs Market - Segmentation Details
The global veterinary drugs market is reasonably consolidated, with the top ten companies accounting for more than 70% of the overall market in 2015. Leading companies in the global veterinary drugs market include Merck Animal Health, Elanco Animal Health, Zoetis Inc., Bayer Animal Health, and Merial Animal Health. Fierce competition is the norm in the global veterinary drugs market due to the increasing commercial potential of the market and the
Veterinary Grooming Equipment Market
The global veterinary grooming equipment market is segmented into product type such as blades, trimmers & clippers, shampoos & sprays, bathers & dryers, shears, tools and others. Among these segments, shampoos & sprays segment is expected to occupy the top position in global veterinary grooming equipment market. Further, wide product line of veterinary shampoo & sprayers such as herbal shampoo, organic shampoo, anti-flea shampoo and others is expected to
Veterinary Healthcare Market Report 2017
Reports And Markets Publish a New Market Research Report On –"Veterinary Healthcare Market Report 2017" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/asia-pacific-veterinary-healthcare-market-report-2017-1541125 In this report, the Asia-Pacific Veterinary Healthcare market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split Asia-Pacific into several key Regions, with
Global Veterinary Vaccines Market
The Global Veterinary Vaccines Market was valued at US$ 5,688.7 million in 2015 and is projected to expand at a CAGR of 5.9% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Rise in incidence of food-borne zoonotic diseases along with increase in population of livestock is expected to favor growth of the veterinary vaccines market. According to European food safety authority (EFSA),