Veterinary Vaccine Market to witness a significant growth with a CAGR of 7.1% by 2022

Market Highlights

A vaccine is a biological preparation containing live or attenuated microbes, their toxins, surface protein etc. so that by injecting vaccine, the body is trained to recognize and destroy the threat by developing immunity so that in the event of its future encounter with a microbe the body can provide a weakened or killed microbial agent, its toxins or its surface proteins, for the purpose of providing active acquired immunity against a disease. Vaccination stimulates and trains the body immunity to recognize and destroy the microbial threat in later encounters.

The Middle east and Africa veterinary vaccine market is growing at a good rate the credit of this goes to drivers of this market which includes unmet needs of a huge number of unvaccinated animals, growing demand for animal products especially dairy and meat, rise in the prevalence of animal diseases such as foot and mouth disease, environmental conditions of Africa which supports spread of diseases, presence of wild animals in close proximity to human inhabitation which favors infection transmission, growth in the number of pet owners, entry of China in the vaccine manufacturing market etc. The market constraints are tough competition from European dairy and meat industry, low yielding animals which do not provide incentives to vaccination, side effects of vaccination, lack of awareness, low focus and government programs for livestock vaccination as compared to veterinary vaccination, variability of vaccine effectiveness and efficacy, low per capita income etc.

The market hot trends include growth of market due to technological advancements, rise of DNA recombinant technology etc. The vaccine market is also likely to face stiff competition from Chinese firms receiving strong support from its government.

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Major Key Players
• Zoetis Inc.,
• Boehringer Ingelheim GmbH,
• Merck Animal Health,
• MSD Animal Health,
• Elanco Animal Health,
• Bayer AG,
• Indian Immunologicals Limited

The Middle East and Africa veterinary vaccine market has been evaluated to be growing and it is expected that the market will grow at a high CAGR of 7.1% in future. The growth will be primary channeled by unmet needs of a huge number of animals and strong demand for animal products etc.

Regional Analysis:
Depending on geographic region, veterinary vaccine market is segmented into these following countries: UAE, Egypt, Saudi Arabia, Kuwait, Qatar and Oman. UAE is the largest market followed by Egypt. However the future market will be led by the poor developed parts of Africa due to large unmet needs of a huge number of animals and the growing demands for animal products.

Test the market data and market information presented through more than 60 market data tables and figures spread in more than 84 pages of the project report. Go through the in-depth table of content (TOC) & market synopsis on “Middle East and Africa Veterinary Vaccine Market from 2013 to 2022".

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Hottest Trend in the Market
A vaccine is a biological preparation containing live or attenuated microbes, their toxins etc. so that the body is trained to recognize and destroy the threat in its future encounter with the microbe. Vaccines ideally prepared from the causative agent of a disease are considered the most effective agents for the prevention of diseases.

Compared to other parts of the world, Middle East and Africa has large population of animals. Majority of these are unvaccinated thus, these regions provides an immense growth potential for the veterinary vaccines market.
The Middle east and Africa veterinary vaccine market is growing because of drivers such as unmet needs of a huge number of unvaccinated animals, growing demand for animal products especially dairy and meat, rise in the prevalence of animal diseases such as foot and mouth disease, environmental conditions of Africa which supports spread of diseases, presence of wild animals in close proximity to human habitation which favors infection transmission, growth in the number of pet owners, entry of China in the vaccine manufacturing market etc. However, at the same time the market is restrained by factors such as tough competition from European dairy and meat industry, low yielding animals which do not provide incentives to vaccination, side effects of vaccination, lack of awareness, low focus and government programs for livestock vaccination as compared to human vaccination, variability of vaccine effectiveness and efficacy, low per capita income etc. The falling return on investment on vaccines is also hampering the future development of vaccines. The bovine segment is expected to dominate the market followed by poultry due to the organized dairy and beef industry along with better buying power of the industry.

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Segmentation:
Middle East and Africa veterinary vaccines market has been segmented on the basis of technology which comprises of attenuated, inactivated, toxoid, conjugate, & subunit, recombinant DNA. On the basis of disease indication, the market is segmented into foot & mouth disease, parvovirus, distemper, reproductive & respiratory syndrome and others. On the basis of composition, the market is segmented into mono vaccine and combination vaccines. On the basis of Animal type, the market is segmented into poultry, bovine, porcine, companion and other.

Brief TOC
1 Introduction
1.1 Definition
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
Continued….

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