Animal Vaccines Market Overview:
Global Animal Vaccines Market is expected to garner $9,159 million, registering a CAGR of 5.2% during the forecast period, 2016-2022. Animal vaccines control the transmission diseases, thus providing protection to animal and human health. Animals serve as an important source of food, meat, milk, protein, and other commercial products, such as leather and wool. Most commonly used veterinary vaccines include rabies vaccines, foot & mouth diseases vaccines, and equine influenza virus vaccines, which prevent the transmission of infectious agents by mimicking the naturally acquired immunity. Constant development of vaccines is essential with rise in emergence of different animal diseases. Increase in pet ownership has significantly accelerated the market growth.
Global Animal Vaccines Market Segmentation
The animal vaccines market is segmented on the basis of product type, animal type, and geography. By product type, the industry is categorized into attenuated vaccines, inactivated vaccines, subunit vaccines, toxoid vaccines, conjugate vaccines, recombinant vaccines, and DNA vaccines. Based on animal type, it is classified into companion animals, cattle, pigs, poultry, and sheep. The companion animals segment is sub-segmented into dogs, cats, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The animal vaccines market is growing at a steady pace owing to increase in pet ownership in developed countries and rise in number of cattle & poultry in developing countries. Furthermore, rise in investment for R&D of vaccines, which inhibit the growth of antibiotic-resistant organisms boosts the market growth. For instance, Elanco invested two-thirds of the budget for food animal unit to develop vaccines and reduce the use of antibiotics, in August 2016. Moreover, rise in demand for animal vaccines led to the emergence of multiple new vaccines. For instance, Cevac IBron a new vaccine was launched by Ceva that prevents against infectious bronchitis virus (IBV), in February 2017.
The key players profiled in the animal vaccines market report include Merck & Co., Inc., Zoetis Inc., Ceva Sant Animale, Sanofi S.A., Romvac, Vaxxinova, Biovac, Merial, and Anicon Labor GmbH.
Other players operating in the market are Nexvet, PHL Associates, Inc., Hygieia Biological Laboratories, Colorado Serum Company, Pfizer, and Arko Laboratories, Ltd.
Global Animal Vaccines Market Revenue, By Geography
Asia-Pacific possesses high market potential for the animal vaccines due to increase in pet ownership and rise in incidence of various zoonotic diseases. Moreover, ongoing research on innovative vaccine production technology has increased due to high demand for animal-based food products and companion animals. In addition, increase in investments in animal healthcare companies has improved the production of innovative vaccines.
Saudi Arabia Animal Vaccines Market, 2014-2022 ($Million)
The animal vaccines market in Saudi Arabia is projected to grow at a CAGR of 7.3% during the forecast period. In addition, the U.S. is a mature market for the animal vaccines, as it holds maximum share in the patent registration for animal vaccines. However, Asia-Pacific is experiencing a fast-paced growth in terms of production and development of animal vaccines.
Animal Vaccines Market Report Key Benefits:
- It provides an extensive analysis of the current trends and highlights the market potential in terms of value
- It offers a comprehensive evaluation of the market scenario with respect to the product type and animal type
- It presents assessment of the patents to determine the prevailing opportunities
- It includes recent developments, key manufacturers, and shares to analyze the competitive scenario of the market
- It offers an in-depth geographical analysis to helps in understanding the regional market, which assists in strategic business planning
Animal Vaccines Market Key Segments:
- Attenuated Vaccines
- Inactivated Vaccines
- Subunit Vaccines
- Toxoid Vaccines
- Conjugate Vaccines
- Recombinant Vaccines
- DNA Vaccines
By Animal Type
- Companion Animals
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA