Animal Vaccines Industry Analysis, Drivers, Growth Rate and Forecast to 2023


Posted March 16, 2018 by psmarket

Animal vaccines market is segmented based on various products, technologies and animal diseases. Product segment covers companion animal vaccines, poultry, livestock, porcine, aquaculture and equine.
 
Like humans, animals also suffer from several infectious diseases such as rabies and foot and mouth disease. Introduction of advanced veterinary medicines hold prime importance in the treatment of animal diseases. However, prevention of diseases is also essential to provide immunity against various diseases. Prevention is usually done by vaccination. Vaccination also reduces the multiple doses of antibiotics used to control established diseases and has prevented long term suffering and death from diseases.

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Europe dominates the global animal vaccines market followed by North America. Germany, France and the U.K. are some of the largest markets for animal vaccines in Europe. The U.S., followed by Canada, is the largest market for animal vaccines in North America. The key driving factor for animal vaccines market in these regions is increasing research activities on various types of animal diseases. In addition, increased awareness about animal health also has a strong positive impact on the growth of animal vaccines market in Europe and North America. However, Asia-Pacific represents the fastest growing region in the global animal vaccines market. This is due to minimal wages and availability of skilled professionals in the region. These factors attract vaccines manufacturing companies to invest in the Asian countries. In addition, increasing awareness about animal health also boosts the growth of animal vaccines market in the region. China, Japan and India are the largest animal vaccines markets in the region.

Global animal vaccines market is primarily driven by increasing incidences of zoonotic diseases in humans. Rising prevalence of animal diseases and growing investment by government bodies are also enhancing the growth of global animal vaccines market. In addition, technological innovations and introduction of innovative vaccines, such as DNA, are recombinant vaccines, and have fueled the growth of animal vaccines market. Furthermore, improving animal healthcare facilities in developed and developing parts of the world provides opportunity for the global animal vaccines market.

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Some of the major competitors in the market include Pfizer, Sanofi-Aventis, Bayer HealthCare, Novartis, Boehringer Ingelheim, Ceva, Heska Corporation, Bioniche Animal Health Canada Inc. and Virbac.
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Issued By P&S Market Research
Business Address New York
Country United States
Categories Biotech
Tags animal vaccines industry , animal vaccines industry growth , animal vaccines industry share , animal vaccines industry size , animal vaccines industry trends
Last Updated March 16, 2018