Market News Wire

Global Veterinary Vaccines Market: Snapshot

Vaccines is a breakthrough in modern medicine which plays a noteworthy role in controlling viral diseases in both human and animal species. Vaccination is determined as the most feasible and cost effective strategy to control and eradicate the most infectious diseases due to the evident results in the eradication of small pox and reduction in several infectious diseases earlier. According to the Public Library of Science, the people in Africa, Asia, and Latin America regions are more dependent on animal for their livelihoods.

Now-a-days, ceaseless rise in both human and animal population coupled with environmental degradation is encouraging the spread of pathogens among species. Live vaccines are more advantageous and provides long lasting immunity. Increasing acquisition of modern cell culture technology for parenteral veterinary vaccine production in the developing Asian countries is also influencing the global vaccines market size. For this, the global vaccines market was valued $7.5 billion in 2018. Progressive production of veterinary vaccines is owing to the rise in usage of continuous cell lines as a substrate and acceptance of the fermentation technology for antigen production. The veterinary vaccine science contribution towards vaccine research and development is impacting the global vaccines market size to grow at a notable CAGR of 8.2% during the forecast period 2019-2025. IndustryARC analysts have projected that live viral vaccines segment will grow at a CAGR of 9.0% over the aforesaid forecast period. North America held a dominating share of around 32% in 2018. The IndustryARC report is titled: “Veterinary Vaccines Market: By Type (Veterinary Viral Vaccines, Veterinary Bacterial Vaccines, Veterinary Parasite Vaccines, Others); By Type of Disease (Bovine Vaccines, Feline Vaccines, Canine Vaccines, Poultry Vaccines, Equine Vaccines); & By Geography (Americas, Europe, APAC, ROW) Forecast(2019-2025).”

Global Veterinary Vaccines Market Companies: Recent Developments

Boehringer Ingelheim GmbH, Merck Animal Health, Zoetis Inc., Eli Lilly and Company, Bayer AG (Bayer Animal Health), Ceva Sante Animale, Virbac, Biovac, Neogen Corporation, and ImmuCell Corporation are the key players holding major shares in the global veterinary vaccines market.

o World Health organisation (WHO[HS2] ) states that recombinant technology is used to develop a third generation of live veterinary vaccine for oral immunization of wildlife. These vaccines can be used either parentally or orally as it relies on expression system. Oral rabies vaccines are broadly used to treat foxes in Europe and for racoons in the U.S.

o In 2019, Boehringer Ingelheim GmbH recently announced that the swine vaccine “Ingelvac PRRS MLV” has been produced in a veterinary vaccine manufacturing plant in the China and it is now authoritatively supplied to the China market. In 2017 this company attained 3.9 billion euros from its animal health business segment which deals with preventive healthcare products and services.

o In 2018, Zoetis Inc. launched a complete primary Equine vaccine. It comprises of five essential equine disease antigens namely West Nile, Eastern and Western Equine encephalomyelitis, tetanus and rabies. Zoetis Inc. announced to establish a research and development centre and a manufacturing facility to develop and produce quality vaccines for cattle, pigs, fish, swine and companion animals. Through this it was aimed to provide healthy livestock production to the people in China.

o Research and development investments from the key veterinary vaccine manufacturing companies worldwide are boosting the growth of the global veterinary vaccines market.

Conclusion:

Growing demand for pork, fish, beef and milk is attracting the farmers to use veterinary vaccines which support both the animal health and production. Recombinant veterinary vaccines are highly attributing the growth of global veterinary vaccines market.

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What can you expect from the report?
The veterinary vaccines market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data 12. Country level Analysis

3. Manufacturer Landscape 13. Competitor Analysis

4. Distributor Landscape 14. Market Shares Analysis

5. Pricing Analysis 15. Value Chain Analysis

6. Top 10 End user Analysis 16. Supply Chain Analysis

7. Product Benchmarking 17. Strategic Analysis

8. Product Developments 18. Current & Future Market Landscape Analysis

9. Mergers & Acquisition Analysis 19. Opportunity Analysis

10. Patent Analysis 20. Revenue and Volume Analysis

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