Nebraska News Desk

Veterinary Vaccines Market Growing at a CAGR of 5.5% from 2018 to 2023

December 20
23:24 2018

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Veterinary Vaccines Market By-Segmented By Product Type, Application, And Region – Global Growth, Trends, And Forecast -2023

Market Overview:

In the year 2018, The Global Veterinary Vaccines Market was valued at USD 6.47 Billion. By the year 2023, it is predicted to reach USD 8.46 Billion with pace of 5.5% CAGR.  Veterinary vaccines are vaccines which are used companion animals, pets and livestock animals. These vaccines have been gaining population eventually from few previous decades. Interest in animal health care is grabbing the major share of the market.

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Growing adaptation of pets, as well as increased care towards animal health, is estimated to drive the market.

Factors affecting market growth:

  1. Rising prevalence of animal diseases. (+)
  2. Increasing incidences of zoonotic diseases in humans.  (+)
  3. Growing awareness against the use of antimicrobials. (+)
  4. Investments of governmental as well as private bodies. (+)
  5. High maintenance costs for the storage of vaccines. (-)
  6. Rising adoption of a vegetarian diet in major economies owing to the increased risk of obesity and other chronic diseases. (-)

Market Segmentation

Global Veterinary Vaccines Market is segmented based on geography

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East and Africa

European region is accounted for the major share of the market. in terms of consumption. United States is trailing right behind Europe region. These two regions claimed over 70% of the global share together.

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Key players:

The major shareholders of the Global Veterinary Vaccines Market include Protein Sciences, Merck & Co. Inc, Novartis Animal Health, Inc., Boehringer Ingelheim GmbH, Zoetis, Indian Immunologicals Ltd., Heska Corporation, Biogenesis Bago SA, Sanofi Animal Health, Inc., Bioniche Animal Health Canada, and Bayer HealthCare AG.

The scope of the report:

1. Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the untapped regions.
2. Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
5. Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
7. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

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