Veterinary Vaccines Market Reach around USD 550.84 Million in 2022

Market Scenario
A vaccine is a biological preparation containing a weakened or killed microbial agent, its toxins or its surface proteins, which provides active acquired immunity against a disease. The aim of vaccination is to stimulate and train the body immunity to recognize and destroy the microbial threat in later encounters. Vaccines are considered the most effective method of preventing infectious diseases and is largely responsible for the growth of the dairy and meat industry worldwide.
The Middle east and Africa veterinary vaccine market is a growing market and drivers of these markets’ growth are 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’s 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 human vaccination, variability of vaccine effectiveness and efficacy, low per capita income etc.
The latest trends in the vaccine market include growing emphasis on technology and the rise of recombinant DNA vaccines. The bovine vaccines market segment is the largest due to the organized dairy and beef industry along with better buying power of the industry.
Taking all factors into consideration, till the end of forecasted period we expect the Middle East and Africa veterinary vaccines market to reach around $ 550.84 million in 2022, growing at a compound annual growth rate of 7.1 % whose worth was $ 365 million in 2015.

Market Segments
Middle East and Africa veterinary vaccines market has been segmented as follows:
• On the basis of technology which comprises of attenuated, inactivated, toxoid, conjugate, subunit and 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; market is again segmented into poultry, bovine, porcine, companion and other.

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Study Objectives:
• To provide detail analysis of Middle East and Africa’s market structure along with its forecast growth for the next 6 years with respect to various segments and sub-segments of the market.
• To provide insights about factors affecting the market growth.
• To analyze the market based on various analyses which includes price analysis, supply chain analysis, Porters Five Force analysis etc.
• To provide past and estimated future revenue of the Middle East and Africa’s veterinary vaccines market segments and sub-segments.
• To provide country level analysis of the market with respect to the current market size and future growth prospect.
• To provide country level analysis of the market for segments which includes by product technology, by disease indication material, by composition, by animal type and other sub segments.
• To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments globally.

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Key Players:
Some of the key players in this market are:
• Zoetis Inc.
• Boehringer Ingelheim GmbH
• Merck Animal Health
• MSD Animal Health
• Elanco Animal Health
• Bayer AG
• Indian Immunologicals Limited

Intended Audience
• Veterinary vaccines manufacturers
• Veterinary vaccines suppliers
• Private research laboratories
• Research and development (R&D) companies
• Market research and consulting service providers
• Government research laboratories
• Contract manufacturing organizations

Regional Analysis:
UAE is the largest market for veterinary vaccines in the entire Middle East and Africa veterinary vaccines market closely followed by Egypt. Africa’s market especially the sub Saharan regions is the fastest growing market with a huge unmet medical needs.

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Akash Anand,
Market Research Future
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This release was published on openPR.